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Disney Chairman Bob Iger to forgo salary amid virus crisis

Walt Disney Inc Executive Chairman Bob Iger will forgo his salary and newly named Chief Executive Officer Bob Chapek will take a 50% pay cut amid the coronavirus crisis, according to an internal email from Chapek.



5 years ago

Harley-Davidson settles board fight with investor Impala

Harley-Davidson Inc said on Monday it settled a board fight with Impala Asset Management just days after the investor began pressing to replace two directors at America's oldest and best-known motorcycle maker.



5 years ago

Macy's to furlough nearly 130,000 employees as virus keeps stores shut

Macy's Inc said on Monday it would furlough most of its employees starting this week as all stores of the department chain operator stay closed to curb the spread of the coronavirus.



5 years ago

France's Carrefour gives masks after staff walkout over coronavirus

Staff working in a supermarket of French retailer Carrefour in the southern city of Vitrolles will receive protective masks after some employees walked out over health risks associated with the coronavirus, a union said on Monday.



5 years ago

Ford, GE to produce 50,000 ventilators in 100 days

Ford Motor Co said on Monday it will produce 50,000 ventilators over the next 100 days at a plant in Michigan in cooperation with General Electric's healthcare unit, and can then build 30,000 per month as needed to treat patients afflicted with the coronavirus.



5 years ago

Wall Street rallies, led by healthcare jump

U.S. stocks rose on Monday, led in part by healthcare stocks as investors looked for shares that have become cheap and can withstand the impact to the economy from efforts to stem the spread of the coronavirus.



5 years ago

Macy's, Kohl's to furlough employees as virus crisis keeps stores shut

Department store operators Macy's Inc and Kohl's Corp said on Monday they would furlough thousands of employees as U.S. retailers keep their stores shut to curb the spread of the coronavirus outbreak.



5 years ago

Fiat Chrysler CEO to halve his salary for three months in virus response: letter

Fiat Chrysler top executives will temporarily cut their salaries to preserve the automaker's financial soundness during the coronavirus emergency, Chief Executive Mike Manley told employees on Monday.



5 years ago

World equity markets edge higher; oil plunges to 2002 lows

Global equity benchmarks rose on Monday despite a drop in oil prices to their lowest levels since 2002, as central banks and the United States tried to contain damage from the rapidly spreading coronavirus that has upended the global economy.



5 years ago

U.S. senators scrutinize meat packers' big profits during pandemic

U.S. senators are calling for investigations of record profit margins for beef processors like Tyson Foods and Cargill, after ranchers complained surging meat prices due to coronavirus hoarding did not translate into higher cattle prices.



5 years ago

U.S. FAA juggles air traffic staffing as flights plummet amid coronavirus

The Federal Aviation Administration is rejiggering staffing at air traffic control centers to respond to the dramatic falloff in flights and to reduce the impact of coronavirus cases.



5 years ago

Instacart workers strike as labor unrest grows during coronavirus crisis

Some of the roughly 200,000 workers at U.S. online grocery delivery company Instacart said they were striking on Monday as labor unrest grows globally over safety and wages for people working through the coronavirus crisis.



5 years ago

Spirit cancels New York, Connecticut, New Jersey flights after CDC warning

Low-cost U.S. carrier Spirit Airlines Inc said on Monday it will cancel all flights to and from New York, Connecticut and New Jersey after U.S. officials warned against travel to the area because of the COVID-19 pandemic.



5 years ago

Airbnb to pay out $250 million to hosts to help ease coronavirus cancellation pain

Airbnb said on Monday it was allocating $250 million to help offset losses by hosts around the world whose guests have canceled bookings in the face of the coronavirus pandemic, following its announcement earlier this month that guests could get full refunds for certain reservations.



5 years ago

American Airlines to apply for up to $12 billion in government aid: memo

American Airlines Holdings Inc intends to apply for up to $12 billion government aid, ensuring no involuntary layoffs or pay cuts in the next six months, executives said in a memo to employees on Monday.



5 years ago