Business & Finance News
The United States will give individuals, and small and mid-sized businesses a three-month tax holiday to try to fight the economic impact of the novel coronavirus, President Donald Trump said Wednesday night.
Rio Tinto Ltd will pay out part of a delayed bonus to former Chief Executive Sam Walsh after a dispute resolution process found that the payments should not be held up, both parties said on Thursday.
Global shares crumbled on Thursday after U.S. President Donald Trump stunned investors by announcing a temporary travel ban from Europe in an effort to curb the spread of the coronavirus, threatening more disruptions to businesses and the world economy.
Oil prices slumped again on Thursday amid a broader market rout after the United States banned travel from Europe following a declaration that the coronavirus outbreak is now a pandemic.
Bombardier Inc said late Wednesday Chief Executive Officer Alain Bellemare would leave the company.
Japan’s Sharp Corp said on Wednesday it has filed a patent infringement lawsuit against U.S. TV brand Vizio Inc and two others, seeking an injunction to ban one of Vizio’s TV products in the United States.
Global shares were set for a rocky ride on Thursday as investors tally the economic damage of coronavirus, a day after the U.S. Dow Jones industrials entered bear market territory and world health officials declared the virus a pandemic.
Fear about the coronavirus has pulled the S&P 500 down nearly 20% from its record high. So what?
U.S. companies rushed to bulk up their cash reserves amid market turmoil fueled by the global coronavirus outbreak and a plunge in oil prices.
Employees at the largest U.S. oil companies have lost around $5 billion in retirement savings since the end of 2018 because of outsized bets on their own slumping stock, according to a Reuters analysis of company disclosures, a trend exacerbated by the recent crash in oil prices.
The U.S. banking industry is strong and ready to help businesses and consumers weather economic fallout from the fast-spreading coronavirus, Wall Street chief executives told President Donald Trump during a meeting at the White House on Wednesday.
Fears of a U.S. sales slowdown in auto showrooms due to the coronavirus outbreak that has spread globally are appearing in analysts’ forecasts, but industry executives said the pandemic has yet to affect demand or factory production.
The cost to insure General Electric Co debt has shot up to levels last seen in 2018, possibly reflecting concern about the company’s exposure to coronavirus-induced declines in interest rates, air travel and global growth.
Boeing Co plans to separate 737 MAX wiring bundles, flagged by regulators as potentially dangerous, before the jet returns to service, two people familiar with the matter told Reuters on Wednesday.
Boeing Co plans to separate 737 MAX wiring bundles, flagged by regulators as potentially dangerous, before the jet returns to service, two people familiar with the matter told Reuters on Wednesday.
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