Walmart to hire 50,000 more workers in coronavirus-driven hiring spree
(Reuters) – Walmart Inc (WMT.N) said on Friday it would hire 50,000 more workers at its stores, clubs and distribution…
GM dispatches first batch of ventilators for COVID-19 patients
The first production ventilators are seen at the General Motors Kokomo manufacturing facility in response to the coronavirus disease (COVID-19)…
China crude oil runs hit 15-month low as virus cripples demand
BEIJING/SINGAPORE (Reuters) – China’s daily crude oil throughput in March sank to a 15-month low with state refiners maintaining deep…
Coronavirus set to usher in big changes at U.S. offices
NEW YORK (Reuters) – The novel coronavirus may do to U.S. office rentals what e-commerce did to malls, or so…
No end in sight yet for Amazon shutdown in France
PARIS (Reuters) – Amazon (AMZN.O) has no clarity yet on when its warehouses in France might reopen, the head of…
Boeing hires Lazard, Evercore to assess government aid or private loans: source
WASHINGTON (Reuters) – Boeing Co has hired investment banks Lazard and Evercore Inc to assess potential U.S. government assistance or…
Honeywell renews $1.5 billion revolving credit agreement
FILE PHOTO – A logo of Honeywell is pictured on their booth during the European Business Aviation Convention & Exhibition…
Boeing supplier furloughs 2,300 employees on closure of Boeing facilities amid COVID-19
(Reuters) – U.S. aero parts maker Triumph Group Inc (TGI.N) said it was furloughing about 2,300 employees across its U.S.…
Siemens CEO rules out job cuts from coronavirus impact
FILE PHOTO: German engineering group Siemens CEO Joe Kaeser attends a news conference prior to the annual general meeting in…
Exclusive: Treasury wants warrants, repayment from major U.S. airlines on 30% of grant money – sources
(This April 10 story has been refiled to fix typo in ‘aid’ in paragraph nineteen.) FILE PHOTO: A flight attendant…
Air France in talks with French govt over emergency funding: Les Echos
FILE PHOTO: Air France planes seen on the tarmac at Paris Charles de Gaulle airport, March 24, 2020. REUTERS/Charles Platiau/File…
Warehouse workers risk COVID-19 to ship Gucci shades, face cream, sofas
(Reuters) – As U.S. authorities ordered shutdowns of non-essential businesses to fight coronavirus, retailer Nordstrom Inc closed hundreds of stores…
3M to boost U.S. production of respirator masks to 50 million as demand soars
(Reuters) – 3M Co expects to ramp up U.S. monthly production of N95 respirator masks to 50 million in June,…
Tesla plans to supply FDA-approved ventilators free of cost: Musk
FILE PHOTO: Tesla Inc CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, China…
Latest on the spread of the coronavirus around the world
(Reuters) – The U.S. government raced to build hundreds of makeshift hospitals to ease the strain on overwhelmed healthcare systems…
Coronavirus drives up demand – and pay – for temporary U.S. nurses
(Reuters) – U.S. hospitals, bracing for a surge of coronavirus patients just as some staff are under quarantine after being…
Latest on the spread of the coronavirus around the world
(Reuters) – As coronavirus cases ballooned in Europe, several countries imposed or planned new restrictions to try to curb the…
U.S. FDA approves first rapid coronavirus test with 45 minutes detection time
FILE PHOTO: A computer image created by Nexu Science Communication together with Trinity College in Dublin, shows a model structurally…
Australia to impose 14-day self-isolation on international travelers
SYDNEY (Reuters) – Australia will impose 14-day self-isolation on international travelers arriving from midnight Sunday and ban cruise ships from…
Germany tries to stop U.S. poaching German firm seeking coronavirus vaccine
BERLIN (Reuters) – Berlin is trying to stop Washington from persuading a German company seeking a coronavirus vaccine to move…
UK wants more ventilators, hospital beds as coronavirus spreads
LONDON (Reuters) – Britain told manufacturers to ramp up the country’s production of ventilators and ordered private hospitals to prepare…
British supermarkets’ plea to shoppers: stop panic buying
LONDON (Reuters) – Britain’s food retailers appealed to shoppers on Sunday to stop panic buying during the coronavirus outbreak, saying…
Germany tries to stop U.S. from luring away firm seeking coronavirus vaccine
BERLIN (Reuters) – Berlin is trying to stop Washington from persuading a German company seeking a coronavirus vaccine to move…
Trudeau self-isolates as wife is tested for coronavirus
OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau and his wife Sophie are in self-isolation after she came down with…
Coronavirus pandemic could be over by June if countries act, says Chinese adviser
BEIJING (Reuters) – The global coronavirus pandemic could be over by June if countries mobilize to fight it, a senior…
Coronavirus testing in U.S. not geared for ‘what we need’: Fauci
WASHINGTON (Reuters) – The top U.S. official on infectious diseases, Anthony Fauci, said on Thursday that people cannot get tests…
Travel clampdown needed to contain U.S. coronavirus outbreak: Pence
WASHINGTON (Reuters) – The United States is preparing for thousands of new coronavirus cases and will ask Americans returning from…
UBS releases diversity figures for Americas staff
FILE PHOTO: The logo of Swiss bank UBS is seen at a branch office in Zurich, Switzerland January 27, 2017.…
U.S. Supreme Court rejects Apple appeal in patent fight with VirnetX
FILE PHOTO: The Apple logo is shown atop an Apple store at a shopping mall in La Jolla, California, U.S.,…
Warren Buffett calls coronavirus outbreak ‘scary stuff,’ but says he won’t be selling stocks
(Reuters) – Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc (BRKa.N), on Monday called the coronavirus outbreak “scary stuff”…
U.S. Supreme Court rejects Apple appeal in patent fight with VirnetX
FILE PHOTO: The Apple logo is shown atop an Apple store at a shopping mall in La Jolla, California, U.S.,…
Bank of America names Morisseau as head of investment banking for France: memo
FILE PHOTO: A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S.,…
U.S. Supreme Court turns away religious bias claim against Walgreens
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday handed a victory to Walgreens, turning away an appeal by a…
SoftBank leads $265 million investments in two U.S.-based start-ups
(Reuters) – SoftBank on Monday led a new funding round of $165 million in California-based Karius and invested $100 million…
France’s Sanofi to carve out active drug ingredients firm
FILE PHOTO: The logo of Sanofi is seen during the annual results news conference in Paris, France, February 6, 2020.…
Canceled Teck oil sands project underscores global climate-energy policy tension
WINNIPEG, Manitoba/OTTAWA (Reuters) – Teck Resources Ltd’s surprise decision to cancel a planned C$20.6 billion ($15.6 billion) oil sands mine…
Exclusive: Hedge fund Third Point targets British insurer Prudential – sources
FILE PHOTO: A man walks past a Prudential sign outside offices in the City of London March 27, 2013. REUTERS/Luke…
Mastercard to add 1,500 technology jobs in Ireland
DUBLIN (Reuters) – Mastercard Inc plans to hire 1,500 more staff in Dublin over the next three to five years,…
Blackstone raises offer for Japan’s Unizo, tops Lone Star’s bid
TOKYO (Reuters) – Blackstone Group (BX.N) has raised its proposed offer to buy Japanese hotel chain Unizo Holdings (3258.T) to…
Exclusive: Germany’s Stada buys 15 GSK consumer health brands
FRANKFURT (Reuters) – Private equity-backed generic drugmaker Stada STAGn.D said it has agreed to buy 15 consumer healthcare products from…
SoftBank leads $165 million capital boost for liquid biopsy firm Karius
(Reuters) – SoftBank’s second Vision Fund has led a new $165 million funding round in California-based Karius, which markets a…
United Technologies, Raytheon offer EU concessions over $120 billion merger deal
FILE PHOTO: A screen shows the logos and trading information for defense contractor Raytheon Co, and United Technologies Corp. on…
Exclusive: Juul halts Indonesia e-cigarette sales, throwing Asia expansion in doubt
(Reuters) – Juul Labs Inc is halting sales in Indonesia, citing concerns that it can’t stop retailers from selling its…
Buffett calls coronavirus outbreak ‘scary,’ but says he won’t be selling stocks
(Reuters) – Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc (BRKa.N), on Monday called the coronavirus outbreak “scary stuff”…
Boeing scours idle 737 MAX plant for industrial snags
SEATTLE (Reuters) – Insiders note an “eerie” calm at Boeing Co’s (BA.N) 737 MAX factory, formerly a bustling hub that…
Buffett says coronavirus doesn’t dampen his long-term support for stocks
FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire…
Coronavirus could be knockout blow for Hong Kong’s once-thriving tourism, retail sectors
HONG KONG (Reuters) – Tom Bennell’s olive oil distribution business took a heavy beating during months of pro-democracy protests that…
Cathay Pacific flags ‘significant’ drop in first-half profit, capacity cuts due to coronavirus
FILE PHOTO: A passenger walks to the First Class counter of Cathay Pacific Airways at Hong Kong Airport in Hong…
Alibaba offers $2.86 billion in loans to firms hit by coronavirus outbreak
(This Feb 10 story refiles to add bylines) SHANGHAI (Reuters) – Alibaba Group Holdings (BABA.N) said on Monday its affiliate…
GM shuts Australia, NZ operations; sells Thai plant to Great Wall
NEW YORK/BEIJING (Reuters) – General Motors Co (GM.N) said it would wind down its Australian and New Zealand operations and…
EU industry chief warns of more onerous tech rules by year end
BRUSSELS (Reuters) – The European Union will decide by the end of the year whether to impose rules reining in…
Thyssenkrupp shortlists buyout firms for elevator unit, Kone out
FRANKFURT/DUESSELDORF, Germany (Reuters) – Germany’s Thyssenkrupp (TKAG.DE) has shortlisted two private equity consortia in the sale of its 16 billion…
New York drops fight against T-Mobile-Sprint merger
NEW YORK (Reuters) – New York on Sunday dropped its fight against the $40 billion merger of U.S. wireless carriers…
Exclusive: Italian government leaning towards third term for Eni CEO – sources
ROME/MILAN (Reuters) – The Italian government is leaning toward reappointing Claudio Descalzi as CEO of state-controlled oil firm Eni, provided…
EU industry chief tells Facebook to adapt to EU, not other way round
BRUSSELS (Reuters) – EU industry commissioner Thierry Breton said on Monday it was for Facebook to adapt to Europe’s standards,…
Xerox courts HP shareholders as takeover battle heats up
(Reuters) – U.S. printer maker Xerox Holdings Corp (XRX.N) is hosting a dinner for HP Inc (HPQ.N) shareholders this week…
Amazon’s Bezos pledges $10 billion to climate change fight
FILE PHOTO: Founder, Chairman, CEO and President of Amazon Jeff Bezos speaks during an event about Blue Origin’s space exploration…