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New Jersey homeowners are getting some property tax relief. Here's what that means

Garden State homeowners may get a little more time to pay property taxes to their municipalities. An executive order gives cash-strapped residents a break but puts stress on localities' budgets.

5 years ago

Wall St. slides on grim jobless data, set for best month in decades

Wall Street's main indexes fell on Thursday after a strong month of gains as millions of more Americans applied for jobless claims, taking the shine off a strong rally this month and eclipsing upbeat results from Facebook and Tesla.



5 years ago

Italy's airport lobby says social distancing on planes not sustainable

The Italian airport operators association, Assaeroporti, said on Thursday proposals to keep some seats empty on planes for social distancing would not be workable if only imposed by Italy and would make the domestic sector vulnerable to foreign rivals.



5 years ago

Factbox: Warren Buffett, Berkshire Hathaway at a glance

Warren Buffett's Berkshire Hathaway Inc's annual meeting on May 2 will break with tradition and be held virtually, as the coronavirus pandemic halts large gatherings.



5 years ago

Zoom participant numbers top 300 million despite growing ban list, shares hit record (April 23)

(This story corrects headline and first paragraph in April 23 story after company clarifies it had mistakenly termed the 300 million as users instead of meeting participants)



5 years ago

Wall St. slides on bleak data, capping a banner month

U.S. stocks fell on Thursday as grim economic data and mixed earnings prompted investors to take some profits at the close of Wall Street's best month in decades.



5 years ago

Embraer and Boeing's $4.2 billion deal ruled out pandemic as pretext to cancel

Boeing Co's recently aborted $4.2 billion agreement to buy the commercial jet-making operations of Brazil's Embraer specifically forbade either party from calling it off because of a pandemic or a global economic recession, Reuters has found.



5 years ago

Op-ed: The market comeback seems callous, but investors are betting on a bright post-crisis future

Stocks have risen swiftly as investors look beyond the coronavirus pandemic, but millions of Americans continue to suffer unemployment and sickness.

5 years ago

Exclusive: Wells Fargo shifts energy bankers to focus on bankruptcies

Wells Fargo & Co has revived its special group for bad energy loans in recent weeks as the bank braces for more pain from the sharp downturn in oil prices, people familiar with the matter told Reuters.



5 years ago

Ford wants to restart U.S. car plants shut by coronavirus, if it can convince union

Ford Motor Co on Thursday outlined the safety measures it will institute to restart its most profitable U.S. plants amid the coronavirus pandemic, expanding on similar efforts by General Motors Co and Fiat Chrysler to convince leaders of the United Auto Workers union to send members back to work.



5 years ago

Special Report: FDA's lax rules on coronavirus blood tests open U.S. market to dubious vendors

As the coronavirus pandemic engulfed the United States, Joe Shia, a consultant to Chinese medical companies, said he was bombarded with inquiries from American firms who saw a golden opportunity in selling tests to determine coronavirus immunity.



5 years ago

Wells Fargo will no longer accept applications for home equity lines of credit

Banks have been retreating from loans tied to housing as the coronavirus pandemic impacts home values and the creditworthiness of borrowers.

5 years ago

Amazon's second-quarter forecast weighed down by $4 billion in COVID-19 related costs, shares fall

Amazon.com Inc on Thursday warned that it could post a loss in the second quarter as it tacked on about $4 billion in costs related to the COVID-19 pandemic, sending its shares down 5% in extended trade.



5 years ago

Gilead aims to expand remdesivir output for COVID-19, posts flat 1st-quarter results

Gilead Sciences Inc , maker of the experimental coronavirus drug remdesivir, on Thursday said it will work with international partners to expand production of the potential COVID-19 treatment.



5 years ago

Apple reports higher sales as China reopens after coronavirus but gives no forecast

Apple Inc reported sales and profits that beat Wall Street expectations Thursday, with Chief Executive Officer Tim Cook saying China sales were "headed in the right direction" as that country reopens from the novel coronavirus.



5 years ago