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Virus hit UK companies told to halt financial statements

Britain's listed companies should not publish preliminary financial statements for at least two weeks to better assess how the coronavirus epidemic is affecting their business, the Financial Conduct Authority said on Saturday.



5 years ago

Volkswagen CEO warns factory closures may drag on for weeks

Volkswagen AG CEO Herbert Diess on Saturday warned that the coronavirus crisis may force the company to keep its factories shut for longer than initially planned.



5 years ago

Musk, Medtronic discuss ventilators amid coronavirus outbreak

As the United States is combating a shortage of ventilators and respirators amid the coronavirus outbreak, Tesla Chief Executive Officer Elon Musk said he has had a discussion about ventilators with medical device maker Medtronic.



5 years ago

Amazon raises overtime pay for warehouse workers

Amazon.com Inc said on Saturday it is raising overtime pay for associates working in its U.S. warehouses as the world's largest online retailer tries to meet the rapidly growing demand for online shopping from consumers stuck at home during the coronavirus outbreak.



5 years ago

Airlines appear to come up short in bid to win cash grants in rescue package

A last-ditch effort by the chief executives of major U.S. airlines to try to win cash grants to weather the coronavirus crisis looked to be unsuccessful, four congressional aides and airline officials said late Saturday.



5 years ago

Thyssenkrupp's Merz stays on as CEO to handle overhaul

Martina Merz, who took over as interim chief executive of Thyssenkrupp , will remain in the job until 2023 after successfully selling the group's elevator unit in a landmark deal last month, the conglomerate said on Friday.



5 years ago

Coronavirus death toll in Italy's Lombardy jumps some 380 in a day -source

The death toll from an outbreak of coronavirus in the northern Italian region of Lombardy, which has borne the brunt of a nationwide contagion, has risen by around 380 in a day to some 2,550, a source said on Friday.



5 years ago

Sri Lanka imposes curfew as South Asia steps up coronavirus battle

Sri Lanka imposed a nationwide weekend curfew on Friday as South Asian countries escalated efforts to check the spread of coronavirus across the densely populated region of 1.9 billion people.



5 years ago

Bayer mediator says glyphosate settlement talks slowed by coronavirus

Negotiations between Bayer AG and plaintiff lawyers to settle claims its glyphosate-based weedkillers cause cancer have been slowed by the coronavirus outbreak, according to the mediator in the talks.



5 years ago

Wall Street advances at end of blistering week

Wall Street's main stock indexes rose more than 1% on Friday, as dramatic intervention by U.S. policymakers halted the worst monthly selloff in U.S. equities in three decades.



5 years ago

Ford to bring forward UK summer shutdown due to coronavirus

Ford will bring forward part of the summer shutdown for its British engine plants to Easter due to the coronavirus outbreak.



5 years ago

U.S. home sales hit 13-year high; coronavirus disruption looms

U.S. home sales surged to a 13-year high in February, but the housing market recovery is likely to be derailed by the coronavirus pandemic, which has unleashed a wave of layoffs and left the economy teetering on the brink of a recession.



5 years ago

Airlines face reckoning as government help comes with strings attached

Shattered airlines were left counting the cost of government support as countries from the United States to New Zealand set out conditions for bailouts needed to absorb the shock of the coronavirus pandemic.



5 years ago

Bank of America adds 1,700 support staff in March

Bank of America Corp said on Friday it has hired 1,700 people in the consumer bank so far this month as banks faced a surge in customer service demand amid coronavirus concerns.



5 years ago

Fed increases frequency of swap line operations with other major central banks

The U.S. Federal Reserve said on Friday that it would enhance the U.S. dollar liquidity swap line arrangements it has with several major central banks.



5 years ago