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....
Delta parks 600 jets and scales back flights as revenue tanks
Delta Air Lines said on Wednesday it was parking more than 600 jets, cutting corporate pay by as much as 50%, and scaling back its...
U.S. oil plunges to 18-year low as lockdowns trigger market meltdown
Oil prices plunged on Wednesday, with U.S. crude futures hitting an 18-year low, as governments worldwide accelerated lockdowns to counter the coronavirus pandemic that is...
Detroit automakers agree to UAW request to shutter U.S. plants: source
The Detroit Three automakers have agreed to shut down their U.S. plants to stop the spread of coronavirus, bowing to pressure from the union representing...
Tesla’s California factory operating despite virus lockdown order: witnesses
Tesla Inc’s vehicle factory in California appeared to be operating normally on Wednesday despite an order by local officials to comply with a three-week lockdown...
Exclusive: U.S. is considering measures to boost lending to low-income Americans – source
U.S. regulators are considering issuing guidance that would encourage lenders to offer loans to low-income individuals and to provide leniency on some repayments amid the...
Wall Street pounded as trading resumes
The S&P 500 index fell on Wednesday when trading resumed after an initial automatic 15-minute cutout, as investors priced in a complete breakdown in business...