(Reuters) – U.S. stock indexes fell sharply at the open on Friday, following the S&P 500 and the Dow’s best three-day run in nearly a…
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Bank of America capital levels allow operational focus during crisis: CEO
(Reuters) – Bank of America Corp (BAC.N) is better positioned to focus on operations rather than financial risk during the coronavirus outbreak, thanks to regulatory…
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Exclusive: Russia calls for new enlarged OPEC deal to tackle oil demand collapse
MOSCOW (Reuters) – A new OPEC+ deal to balance oil markets might be possible if other countries join in, Kirill Dmitriev, head of Russia’s sovereign…
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Trump tells GM: Stop 'wasting time', build ventilators to address coronavirus
WASHINGTON/DETROIT (Reuters) – U.S. President Donald Trump on Friday invoked emergency powers to require General Motors Co (GM.N) to build much-needed ventilators for coronavirus patients…
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Lufthansa applies for short-time work for 31,000 employees
BERLIN (Reuters) – Lufthansa (LHAG.DE) has applied for short-time work for around 31,000 crew and ground staff at its core brand until the end of…
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Lockheed Martin speeds up payments to suppliers amid coronavirus slowdown
WASHINGTON (Reuters) – Defense contractor Lockheed Martin Corp (LMT.N) said on Friday that it would advance more than $50 million to suppliers hurt by a…
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Morgan Stanley promises no job cuts in 2020 as coronavirus crisis grows
(Reuters) – Morgan Stanley (MS.N) pledged to not cut any jobs this year, according to a memo seen by Reuters, as the Wall Street bank…
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U.S. Senate votes to grants struggling aviation sector big bailout
WASHINGTON/CHICAGO (Reuters) – The U.S. Senate voted late Wednesday 96-0 to give the U.S. aviation industry $58 billion in aid, half in the form of…
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Ackman's hedge funds make money this year as hedges help
BOSTON (Reuters) – Billionaire investor William Ackman, who hedged his Pershing Square Capital management portfolio weeks ago to guard against coronavirus-inspired panic selling, told investors…
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Coronavirus-stricken U.S. companies pop poison pills
(Reuters) – More U.S. companies are rushing to adopt so-called poison pills, dusting off a nearly 40-year-old takeover defense tool to ward off hostile bidders…
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Wall Street rebound fizzles out as fears of virus impact persist
(Reuters) – Wall Street fell in choppy trading on Wednesday after a strong rebound in the previous session as optimism about an imminent $2 trillion…
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Weak U.S. core capital goods orders point to deepening business investment downturn
WASHINGTON (Reuters) – New orders for key U.S.-made capital goods fell sharply in February as demand for machinery and other products slumped, suggesting a deepening…
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Two more NYSE floor traders test positive for coronavirus
NEW YORK (Reuters) – Two more New York Stock Exchange floor traders tested positive for the coronavirus on Tuesday despite strict measures taken to prevent…
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Shutdowns stoke debate over what's an 'essential industry'
BRUSSELS (Reuters) – Shortly after British Prime Minister Boris Johnson ordered the closure of non-essential retailers on Monday to curb the spread of coronavirus, the…
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