Activist investors say telecommunications pioneer AT&T Inc won't take their calls for its upcoming annual meeting, reinforcing their concerns that the shift of the gatherings to cyberspace due to the COVID-19 pandemic would restrict shareholder input.
Procter & Gamble Co on Friday reported an about 5% rise in quarterly sales as consumers stocked up on everything from diapers and detergents to toilet rolls amid sweeping lockdowns around the world to curb the spread of the coronavirus.
Airbus CEO Guillaume Faury is proposing a government support programme to help airlines convert their fleets to more environmentally friendly planes, according to an interview given by Faury to Der Spiegel magazine which was published on Friday.
Investors gearing up for another week of corporate earnings may give more weight to the words of company executives than headline-grabbing numbers, as Wall Street seeks evidence that corporations can weather the uncertainty caused by the coronavirus pandemic.
The Trump administration is seeking to ease a severe cash crunch in the drilling industry by raising loan limits available under a coronavirus stimulus package and by barring lenders from discriminating against drillers, according to Energy Secretary Dan Brouillette.
The COVID-19 pandemic arrived just as Respond Software CEO and co-founder Mike Armistead was trying to sell automated cyber security software to new clients. Most of them are no longer in a buying mood. So Respond Software, a 50-employee, venture-backed startup, applied for about $1 million in government support.
Volkswagen Group said sales of its cars dropped by 23% on the year to 2 million cars in the January to March period but was hopeful on Friday that the Chinese market would recover soon as it moves out of the coronavirus crisis.
Portuguese car component manufacturers, among the country's top exporters, are calling thousands of employees back to work even before a nationwide COVID-19 lockdown is lifted as Europe's automotive sector resumes production.
Companies will be able to hold their annual shareholders' meeting over the phone or online during the coronavirus pandemic under a promised new law, Britain's business ministry and accounting watchdog said on Friday.
Oil prices were mixed on Friday as news of President Donald Trump's plans to ease the U.S. coronavirus lockdown to get the American economy moving again were quickly overshadowed by China's worst quarterly economic contraction on record.
U.S. stock index futures jumped on Friday as President Donald Trump laid out plans to re-open the economy from coronavirus-induced lockdowns and on reports of encouraging data on a drug to potentially treat COVID-19.
A growing number of companies has nixed earnings guidance amid the coronavirus pandemic, and some in the corporate world say they should be dropped permanently.
Gig workers, independent contractors and the self-employed have a more roundabout process to file for unemployment benefits than traditional salaried workers, experts say.
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Goldman Sachs said on Friday it expects iPhone shipment to drop 36% during the third quarter due to coronavirus-related lockdowns around the world and downgraded Apple Inc stock to "sell".