Toyota Motor Co on Monday said it was suspending auto production in its Brazil plants until at least June 22, joining General Motors Co which also expects to resume production in the same month.
General Electric Co said on Monday it used part of the US$20 billion in proceeds from the sale of its biopharma business to cut debt.
Ford Motor Co said on Monday it expects first-quarter adjusted loss before interest and taxes to be about US$600 million, compared with a profit of US$2.4 billion a year earlier.
Dish Network Corp has cut staff and is re-evaluating its business to cope better with the fallout from the coronavirus pandemic, the U.S. satellite TV provider told Reuters, without disclosing the number of employees laid off.
Employees at global fashion giant Inditex's 10 logistics centres in Spain - from where it sends garments to its stores worldwide - returned to work on Monday but only to less than half their normal levels of activity, workers said.
U.S. food distributor Performance Food Group Co said on Monday it had signed agreements with 13 new retail partners and would have over 1,000 of its employees helping out at grocery stores as retailers try to keep their shelves stocked during the coronavirus pandemic.
Softbank Group Corp said on Monday it expects its US$100 billion Vision Fund to book a loss of 1.8 trillion yen (US$16.5 billion) in the financial year ended March due to the deteriorating performance of its tech bets.
BANGKOK: Thailand’s job losses may reach 10 million if the coronavirus outbreak continues for a few months, a business advisory council said on Monday (Apr 13). Southeast Asia’s second-largest economy is being hit hard by the virus outbreak and is heading into a recession. “We think about 7 ...
Volkswagen AG said on Monday it would give financial assistance to its U.S. dealers who wish to use their loaner fleet to pickup and deliver essential supplies in areas affected by the COVID-19 pandemic.
Softbank Group Corp said on Monday it expects its US$100 billion Vision Fund to book a loss of 1.8 trillion yen (US$16.5 billion) in the financial year ended March due to the deteriorating performance of its tech bets.
