Supplier restarts flow of critical truck parts to Detroit automakers
Dana Inc , a key supplier of truck parts to Detroit automakers, restarted its Toledo plant Monday on a single shift, with one-third of its...
FCA has to strengthen investments in Italy to seek state-backed loan: Economy Minister
Italy’s Economy Minister Roberto Gualtieri on Monday said Fiat Chrysler [FCHA.MI] has to strengthen investments in Italy and avoid delocalizing its factories outside the national...
More than 8% of U.S. mortgages now in forbearance: MBA weekly survey
Roughly 4.1 million U.S. mortgage borrowers have had their payments paused or reduced as the novel coronavirus outbreak hits household finances, but the increase in...
S&P 500 hits 10-week high on vaccine hopes and stimulus promise
U.S. stocks jumped on Monday, and the S&P 500 reached a 10-week high, on encouraging early-stage data for a potential coronavirus vaccine and on the...
Oil on track for two-month high as lockdowns ease, positive vaccine results
Oil prices jumped on Monday, with both U.S. and Brent benchmarks on track for their highest settles in two months, supported by positive early results...
San Francisco Bay Area to open for manufacturing, curbside retail
Businesses in the San Francisco Bay Area may open for manufacturing, retail with curbside pickup and warehouse distribution, health directors of five counties that make...
J.C. Penney to permanently shut about 242 stores as part of bankruptcy plan
J.C. Penney Co Inc plans to trim its store count by 29% to about 604, as the U.S. department store chain looks to focus on...
Walmart trailed supermarkets amid peak panic-buying: data
Americans increased their visits to supermarkets far more than to Walmart Inc stores as panic-buying peaked in mid-March, a Reuters analysis of foot traffic to...
Oil futures on track for two-month highs as lockdowns ease
Oil prices jumped on Monday, with both U.S. and Brent benchmarks on track for their highest settles in two months, supported by optimism about resumption...
Wall Street soars on hopes of stimulus, coronavirus vaccine
Wall Street’s main indexes surged on Monday as encouraging early data from a potential coronavirus vaccine trial boosted sentiment, with investors also counting on more...