Ford Motor Co said on Friday it would tap debt markets to shore up its cash reserves as the coronavirus outbreak pummeled vehicles sales and halted production, resulting in an estimated loss of about US$2 billion for the first quarter.
An official charged with overseeing how the U.S. government handles US$500 billion in bailout funds said on Friday he will also monitor how companies use the cash, including for share buybacks, dividends and staff compensation.
Boeing Co said on Friday it would resume operations at production facilities in Philadelphia next week after a two week suspension due to the spread of the coronavirus.
Occidental Petroleum shareholders next month will get their first say on the oil company's troubled acquisition of Anadarko Petroleum when they vote on issuing shares and warrants to Berkshire Hathaway for helping finance the US$38 billion deal.
Ford Motor Co will launch a three-part unsecured debt offering of US$8 billion, yielding up to 9.6per cent on the 10-year loan, capital markets intelligence provider International Financing Review reported on Friday.
Retailers, restaurants and hotels - on the front lines of the coronavirus pandemic - got a combined 18per cent of the US$342 billion allocated as of Thursday under the a new federal government program to help small firms keep paying their employees during widespread shutdown, data from the agency...
Warren Buffett's Berkshire Hathaway Inc will close some smaller businesses and is positioning itself conservatively as it rides out the coronavirus pandemic, Berkshire Vice Chairman Charlie Munger said in an article published on Friday.
Alphabet Inc's Google would waive off the fee it collects from news publishers using its ad services for the next five months, the search giant said on Friday.
Canada will invest around CUS$2.5 billion (US$1.8 billion) in measures to help the hard-hit oil and gas industry survive during the nation's coronavirus outbreak that has killed 1,250 people, Prime Minister Justin Trudeau said on Friday.
Netflix Inc has increased the amount of money in its coronavirus emergency relief fund by US$50 million, bringing the total for displaced production workers to US$150 million, a company spokeswoman said on Friday.
