Textron Aviation, a unit of Textron Inc , announced furloughs for most of its U.S.-based workforce on Wednesday as concerns over depressed demand due to the spreading coronavirus ripples through global aviation.
As Wall Street extended its deep sell-off on Friday over fears about the coronavirus, the Dow Jones Industrial Average erased the last of the once sizeable gains it made under U.S. President Donald Trump.
U.S. stocks deepened their selloff on Wednesday and the Dow effectively erased the last of its gains since U.S. President Donald Trump's 2017 inauguration, as repercussions of the coronavirus pandemic threatened to cripple economic activity.
The Verge | Jay Peters | March 17, 2020 Update, March 18th 3:30PM ET: A group of Italian volunteers distributed 3D-printed versions of a vital medical device — but it’s unclear if the original manufacturer threatened a legal crackdown. As we reported earlier, Cristian Fracassi and Alessandro Romaioli used their 3D printer to create unofficial
Shares in U.S. airlines fell sharply on Wednesday after Washington proposed a rescue package of $50 billion in loans, but no grants as the industry had requested, to help address the financial impact from the deepening coronavirus crisis.
Jeweler Pandora A/S said on Wednesday it has temporarily closed all its physical owned- and operated-stores in Italy, Spain, France, Germany and the United States, among other places, in line with government guidelines amidst the coronavirus outbreak.
Royal Dutch Shell Plc will temporarily suspend construction activities on a multi-billion dollar ethane cracker being constructed along the Ohio River in Beaver County, Pennsylvania, amid concerns about coronavirus spreading, the company said in a statement late Wednesday.
JPMorgan Chase and Co will temporarily shut about 1,000 bank branches, roughly 20%, to protect employees and reduce the spread of the coronavirus, according to a memo the bank sent to employees Wednesday.
Simon Property Group Inc , America's biggest mall operator, said on Wednesday it would temporarily close all its retail properties, including the Forum Shops at Caesars Palace in Las Vegas, to tackle the fast-spreading coronavirus.
Britain faces a "massive shortage" of ventilators that will be needed to treat critically ill patients suffering from coronavirus, after it failed to invest enough in intensive care equipment, a leading ventilator manufacturer said on Wednesday.
Guest Post | March 18, 2020 If there’s an open secret that most successful businessmen share, it’s this: diversify your investments. In this way, if one venture results in failure, you are ensured that you have other aspects of your business that will support you through this rough patch. The question is, how do you
To help small businesses survive the coronavirus economic shock, online lender Kabbage created a platform where shoppers can buy a gift certificate now to be redeemed in-store later.
General Motors Co on Wednesday confirmed it is considering how it could support production of medical equipment like ventilators that may be needed during the coronavirus outbreak.
As Wall Street extended its deep sell-off on Wednesday over fears about the coronavirus, the Dow Jones Industrial Average effectively erased the last of the once sizeable gains it made under U.S. President Donald Trump.
Tesla Inc is preparing to reduce staffing by about 75% at its lone U.S. assembly plant after initially resisting an order from the local sheriff, Bloomberg News reported on Wednesday, citing a county spokesman.