NEW YORK: Wall Street stocks mostly fell on Monday (Apr 13) ahead of major earnings and economic reports that will shed new light on the hit from coronavirus shutdowns on business conditions and jobs. The Dow Jones Industrial Average dropped 328.60 points (1.39 per cent) to 23,390.77. The broad ...
REUTERS: The US Treasury Department is holding firm on the terms of a US$25 billion offer for government aid to airlines to help them meet payroll during the coronavirus downturn, officials said on Monday (Apr 13), and the plan could give the government more than 3 per cent of American...
McDonald's Corp has been hit with a class action lawsuit accusing it of subjecting female employees in its corporate-owned fast-food restaurants in Florida to widespread sexual harassment.
Ford Motor Co said on Monday it is producing face masks at a Michigan plant to protect its workers from the coronavirus pandemic and is seeking to have those masks certified for medical use.
Germany's Volkswagen AG said on Monday its U.S. dealers would provide cars for free delivery of essential supplies to people in need during the coronavirus crisis.
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.
Athene Holding Ltd agreed on Monday to pay a US$45 million civil fine to settle charges it conducted insurance business in New York without a license, the first settlement in a probe into an industry where life insurers take over corporate pension plans.
EBay Inc on Monday named Walmart executive Jamie Iannone as its top boss, handing over the reins to an outsider as the e-commerce firm deals with pressure from activist investor Starboard Value to shake up its management.
McDonald's Corp has been hit with a class action lawsuit accusing it of subjecting female employees in its corporate-owned fast-food restaurants in Florida to widespread sexual harassment.
Worldwide oil producers, led by OPEC, are expected to cut production by roughly 20 million barrels per day (bpd), roughly equal to 20per cent of global daily supply, through a combination of mandated cuts, production falls due to poor economics, and purchases into oil reserves.
