Walmart, the nation’s largest private employer, plans to hire 150,000 hourly associates in the U.S. and announced $550 million in cash bonuses to reward workers amid the coronavirus pandemic. …read more […]
Tesla Inc on Thursday ended a standoff with local California authorities concerned about the spread of the coronavirus, saying it will suspend production at its San Francisco Bay Area vehicle factory on March 24.
(Bloomberg) — Oil kept climbing after its biggest ever single-day gain as U.S. President Donald Trump waded into the price war between Saudi Arabia and Russia that has rocked crude markets amid slumping demand.Futures in New York posted the biggest spike on record Thursday, rebounding from the lowest settlement since 2002. Oil has been whipsawed this week as investors weigh further stimulus measures to combat the impact of the coronavirus pandemic against collapsing demand and an impending supply flood from the world’s biggest crude producers.Trump said he was searching for “medium ground” to break the deadlock between the two oil …read more […]
By Barbara Goldberg, Nate Raymond, Jessica Resnick-Ault and Lucy Nicholson
Dunkin’ Brands Group Inc on Thursday said it will ease royalty and advertising fee payments for franchisees in the United States and Canada, while McDonald’s Corp is in talks to reduce some payments for franchisees.
The board of French carmaker Renault will meet on Friday to discuss the coronavirus outbreak and its effect on operations, three sources close to the company said.
Boeing Co is leaning toward a temporary work stoppage at its twin-aisle jetliner factories due to the spread of coronavirus, people familiar with the matter said on Thursday, echoing a similar move by European rival Airbus SE .
General Motors Co said on Thursday that it will suspend operations at its plant in Mexico’s San Luis Potosi state from March 20 to April 13 due to the coronavirus outbreak.
Anthony Levandowski, known for advancing self-driving car technology in the last decade, agreed to plead guilty on Thursday to taking sensitive documents from his former employer Google before joining rival Uber Technologies Inc.
Brazil’s coronavirus death toll rose to seven on Thursday, including the first fatalities in tourist hotspot Rio de Janeiro, as Latin America’s largest nation closed more borders to visitors and the foreign minister waded into a diplomatic spat with China.
Some Amazon sellers say the online retailer’s abrupt decision to stop receiving non-essential inventory in response to the coronavirus pandemic could strangle the sales they need to make payments on their Amazon loans.
The world’s richest nations poured unprecedented aid into the global economy on Thursday as coronavirus cases ballooned in the new epicentre Europe, with the number of deaths in Italy outstripping those in mainland China, where the virus originated.
The outbreak of disease caused by the new coronavirus has raised questions about a phenomenon known as “herd immunity” and whether it might play a role in how the pandemic progresses.
The world’s wealthiest nations poured unprecedented aid into the traumatized global economy on Thursday as coronavirus cases ballooned in the current epicentre Europe even as they waned at the pandemic’s point of origin, China.
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