Wall Street extends recent selloff, Dow all but erases ‘Trump-bump’
U.S. stocks deepened their selloff on Wednesday and the Dow effectively erased the last of its gains since U.S. President Donald Trump’s 2017 inauguration, as...
GM, Mercedes to furlough all workers in Brazil, suggesting production stop
General Motors Co and Mercedes Benz will furlough all employees in Brazil later this month, the companies said on Wednesday, suggesting that production in South...
Wall Street extends recent selloff, puts Dow on course to erase ‘Trump-bump’
The selloff in U.S. stocks deepened on Wednesday and the Dow was set to erase the last of its gains since U.S. President Donald Trump’s...
Detroit automakers shutter U.S. plants in move to stop coronavirus spread
The Detroit Three automakers will shut down their U.S. plants to stop the spread of coronavirus, bowing to pressure from the union representing about 150,000...
Exclusive: U.S. may give banks bonus points for low-income lending amid coronavirus crisis – source
U.S. regulators are considering giving banks additional regulatory points for lending to mid- to low-income Americans hurt by the coronavirus, as they seek to mitigate...
Audi says will temporarily suspend Mexican car production due to coronavirus
German carmaker Audi AG said on Wednesday that it will suspend production at its plant in Mexico’s Puebla state from March 23 through April 13...
Textron Aviation furloughs thousands of U.S workers
Textron Aviation, a unit of Textron Inc , announced furloughs for most of its U.S.-based workforce on Wednesday as concerns over depressed demand due to...
Recession fears put Dow on course to erase ‘Trump-bump’
Wall Street’s four-week slump deepened and the Dow Jones Industrials was set to surrender all its “Trump-bump” gains on Wednesday, as the coronavirus pandemic threatened...
Detroit automakers agree to UAW request to shutter U.S. plants
The Detroit Three automakers will shut down their U.S. plants to stop the spread of coronavirus, bowing to pressure from the union representing about 150,000...
Factbox: Carmakers suspend European production in face of coronavirus crisis
Automakers are halting production at plants across Europe as they grapple with coronavirus and diving demand....