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6 hours 43 minutes ago

Macy's to furlough most of 130,000 employees as stores stay shut

Macy's Inc said on Monday it would furlough most of its 130,000-strong workforce starting this week as all stores of the department chain operator have been temporarily shut due to the coronavirus pandemic.

6 hours 44 minutes ago

Harley-Davidson grants board seat to investor Impala

Harley-Davidson Inc said on Monday it would hand one board seat to Impala Asset Management in a settlement just days after the investor began pressing to replace two directors at America's oldest and best-known motorcycle maker.

6 hours 48 minutes ago

Finnish government pushes Fortum to strive for carbon neutrality

Finland's center-left government on Monday gave its blessing to majority state-owned Fortum's strategy to cut emissions, but promised to push the company further towards carbon neutrality, the minister in charge wrote.

6 hours 52 minutes ago

UBS defies Swiss dividend freeze call with $2.6 billion payout plan

UBS plans to pay a 2019 dividend that is more than half its annual profit, defying calls by the Swiss government and financial markets supervisor for lenders to limit payouts during the coronavirus crisis.

6 hours 54 minutes ago

What we’ve read about the coronavirus impact on markets: ‘Justified hope’

6 hours 54 minutes ago

Deaths, intubations swamp New Orleans doctors in coronavirus surge

Emergency room doctor Thomas Krajewski stopped at the hospital room door at 2 a.m. to glance at the chart. He knew instantly the long odds faced by the patient inside: A man in his 70s, with a fever, short of breath.

6 hours 54 minutes ago

J&J, U.S. government plan 1 billion doses of coronavirus vaccine

Johnson & Johnson said on Monday that it and the U.S. government will invest $1 billion to create enough manufacturing capacity to make more than 1 billion doses of a vaccine it is testing to stop the new coronavirus that has killed more than 35,000 people around the world.

7 hours 1 minute ago

Microsoft says Skype users surge amid coronavirus outbreak

Microsoft Corp said on Monday its video calling platform Skype saw a 70% jump in usage in the last week of March from a month earlier, as more people shift to working from home amid the coronavirus pandemic.

7 hours 7 minutes ago

Thematic ETFs: high mortality rate

7 hours 16 minutes ago

Explainer: The transatlantic divide on how banks handle coronavirus loans

The United States has given banks a two-year break from provisions for loans soured by the coronavirus pandemic, seeking to keep credit flowing while borrowers struggle to stay afloat as economic activity grinds to a halt.