Costco Wholesale Corp said on Wednesday it would raise its quarterly dividend by 7.7per cent to 70 cents per share, at a time when several major companies have suspended cash returns to shareholders to shore up liquidity.
DETROIT: Canadian auto supplier Magna International Inc is planning for a return to production in North America on May 4, with a subsequent gradual increase in output as the industry recovers from the shutdown caused by the coronavirus pandemic, a top executive said on Wednesday. Most U.S. states ......
WASHINGTON: The devastation caused to the US economy by the coronavirus pandemic was thrown into even sharper relief on Wednesday (Apr 15) with new government data and a report from the Federal Reserve warning the bloodletting would continue. Lockdowns necessitated by the pandemic caused economic ...
J.C. Penney Co Inc said on Wednesday it will not make a US$12 million interest payment on its long-term corporate bonds, a day after Reuters reported the department store operator was considering filing for bankruptcy protection.
Lyft Inc on Wednesday said it has launched a new on-demand delivery service to provide essential goods, including groceries, meals and medical supplies, to people in need during the coronavirus crisis.
Some investors are wary about buying into a recent stock market rally. Even with hopes for a quick reopening of the economy, they want more evidence that the United States will not restart, only to have to fall back under another coronavirus lockdown soon.
WASHINGTON: US economic activity "contracted sharply and abruptly" nationwide amid the lockdowns imposed by the coronavirus pandemic, the Federal Reserve said on Wednesday (Apr 15). Businesses across all regions "reported highly uncertain outlooks ... with most expecting conditions to worsen in ...
U.S. companies have been battered by the fallout from the novel coronavirus outbreak as economic activity "contracted sharply and abruptly across all regions," a report by the Federal Reserve released on Wednesday showed.
Numerous major U.S. airlines are preparing to apply this week for a US$25 billion U.S. government loan program after winning billions in federal payroll grants, people familiar with the matter said.
Volkswagen on Wednesday said factories producing cars for its core brand in Zwickau, Germany and Bratislava, Slovakia will resume production starting on April 20, with other locations ramping up plants starting from April 27 onwards.
