Tesla plant can’t run normally in coronavirus shutdown: California county
Tesla Inc cannot continue to operate its main U.S. vehicle plant normally as its San Francisco Bay Area home began a three-week lockdown on Tuesday...
Global stocks drop as investors shun risk on coronavirus fears
U.S. stock futures and several Asian shares fell in choppy trade on Wednesday, as worries about the coronavirus pandemic eclipsed hopes broad policy support would...
Oil steadies after testing new lows as coronavirus chaos intensifies
Oil prices steadied on Wednesday after slipping to new four-year lows, sapped by fears for fuel demand and the global economy amid travel and social...
Fujifilm shares jump 15% on China coronavirus drug trial boost
Shares in Japan’s Fujifilm Holdings Corp surged 15% on Wednesday morning after a Chinese official said the company’s Avigan anti-flu drug appeared to help coronavirus...
HSBC appoints insider Quinn as CEO amid growth headwinds
HSBC Holdings PLC has appointed Noel Quinn as chief executive officer, handing the insider and interim boss the reins of Europe’s biggest bank and ending...
Detroit automakers, UAW agree to curb production to contain coronavirus
The Detroit Three automakers and United Auto Workers agreed on Tuesday to curtail production at U.S. factories and limit the number of workers on the...
U.S. airlines, saying it will take a ‘long time’ to recover, try to quickly reduce workforce
U.S. airlines are seeking to quickly reduce their workforces through early retirement packages or unpaid leave of up to 12 months with medical benefits in...
Exxon pays more to borrow amid market turmoil
Exxon Mobil Corp paid a big premium to raise $8.5 billion in new debt on Tuesday, as a rout in energy prices and stock market...
Latam carriers see ‘bankruptcy pandemic’ risk, Chile opposes bailout
Latin American airlines need prompt government aid or many of them could go out of business as the global coronavirus outbreak forces widespread flight cancellations,...
SoftBank lays ground to abandon $3 billion WeWork tender offer: sources
SoftBank Group Corp is considering pulling out of a $3 billion bid to buy additional shares in WeWork, because it feels the office-space sharing firm...