Ferrari cuts FY guidance due to coronavirus, sees slight drop in core profit
Ferrari said on Monday it had cut its core profit estimates for the year to reflect the impact of the coronavirus crisis, expected to mainly...
‘Like watching a train wreck’: The coronavirus effect on North Dakota shale oilfields
Oil executive Bill Kent was with fellow managers in the Colorado board room of Resource Energy headquarters on April 20 when benchmark U.S. crude prices...
Tyson Foods expects sales volume to fall in second half of 2020
Tyson Foods Inc said on Monday it expects meat sales volume to fall in the second half of this year, as restaurants are being forced...
Discounts may help cure U.S. auto market’s coronavirus hangover
Texas auto dealer Hayden Elder says March was his worst month in 42 years selling cars thanks to the coronavirus, but April brought days that...
Uber closes Eats operations in eight smaller markets
Uber said on Monday it was closing down its Uber Eats operations in eight markets because they did not offer a clear route to becoming...
Exclusive: Nissan to retrench further in new plan to focus on U.S., Japan, China
Nissan Motor Co Ltd will pull back from Europe and elsewhere to focus on the United States, China and Japan under a plan that represents...
French carmaker PSA to re-start production gradually over this week
Peugeot carmaker PSA , one of many car companies around the world to have been hit hard by the coronavirus, said on Monday that it...
It’s okay to laugh again: Advertisers prepare for post-coronavirus economy
Sad piano chords, somber shots of empty streets and close-ups of people staring out their windows. So prevalent were coronavirus-themed ads that followed a similar...
Disney, hit hard by coronavirus, to face Wall Street questions on impact on company
Walt Disney Co’s acquisitions spree that included swallowing much of Rupert Murdoch’s 21st Century Fox last year, and a reputation for operational excellence, turned the...
J. Crew files for bankruptcy as preppy retailer succumbs to COVID-19 fallout
J. Crew Group Inc filed for bankruptcy protection on Monday with a plan to hand over control to lenders, adding to a list of brick-and-mortar...