After closing their stores earlier this week to limit the spread of the coronavirus, several retailers are dangling site-wide discounts and free shipping to entice people stuck at home to shop.
Four Democratic U.S. senators on Friday expressed concern in a letter to Amazon.com Inc Chief Executive Jeff Bezos that the world's largest online retailer has not given enough support to warehouse staff during the coronavirus outbreak, according to a copy of the message seen by Reuters.
WASHINGTON: U.S. President Donald Trump on Friday took Boeing Co and some airlines to task for buying back shares with the cash boost from a 2018 tax break, vowing to ensure that companies benefiting from coronavirus stimulus won't follow suit. Corporations buy back their own shares as a way to...
Delta Air Lines Inc expects its second-quarter revenue to fall by US$10 billion, representing an 80per cent reduction compared with a year earlier, the company said on Friday, as the coronavirus hurts travel demand.
Macy's Inc said on Friday it would suspend its quarterly dividend and withdrew its 2020 sales and profit forecasts due to ongoing disruptions from store closures on the back of the fast-spreading coronavirus.
Alphabet Inc's Google on Friday canceled its annual developer conference, two weeks after calling off the in-person portion of the event due to the coronavirus outbreak.
Blackrock , the world's largest asset manager, will freeze global hiring for "a few weeks" amid the coronavirus pandemic, a source familiar with the situation said on condition of anonymity.
McDonald's Corp has suspended share buybacks to help it navigate thorough the coronavirus crisis, but has not changed its dividend policy, Chief Executive Officer Chris Kempczinski told CNBC in an interview on Friday.
Lyft Inc on Friday told drivers they could sign up for work driving deliveries under a new service as ride-hailing demand plummets during the rapid spread of coronavirus in the United States.
Bank of America Corp's consumer bank has hired 1,700 people in critical support roles so far this month, a spokesman said on Friday, as the industry faces a surge in customer service demand due to coronavirus concerns.
