May 10, 2020

Tesla sues California county in virus factory closure fight, threatens to leave

Tesla Inc sued local authorities in California on Saturday as the electric carmaker pushed to re-open its factory there and Chief Executive Elon Musk threatened to […]
May 9, 2020

Amid lockdown dispute, Musk says he will move Tesla out of California

Tesla Inc’s chief executive Elon Musk tweeted on Saturday that Tesla will move its headquarters and future programs to Texas or Nevada from California immediately. Powered […]
May 9, 2020

Mazda Motor seeks $2.8 billion in loans to ride out pandemic: source

Mazda Motor Corp has sought loans totalling about 300 billion yen ($2.8 billion) from Japan’s three megabanks and other lenders to ride out the coronavirus epidemic, a […]
May 9, 2020

NCAA president: Sports won’t return until campuses reopen

College sports will not resume until all students are back on campus, NCAA president Mark Emmert said Friday. Powered by WPeMatico
May 9, 2020

Bankruptcy court approves Neiman Marcus’ plea to access financing

U.S. luxury department store chain Neiman Marcus Group said on Friday it received court approval to access $675 million of its debtor-in-possession financing, which will allow […]
May 9, 2020

Wall Street Week Ahead: U.S. data deluge to underscore divide between roaring market, plunging economy

A week packed with U.S. economic data is likely to provide investors with more evidence of the extent to which the coronavirus pandemic has hit growth, […]
May 9, 2020

Pfizer to outsource some drug production, focus on coronavirus vaccine

Pfizer Inc said on Friday it is in talks to shift more of its medicine production to outside contractors as it prepares for large-scale production of […]
May 9, 2020

U.S. small business rescue program ignored Congress: watchdog

The U.S. government’s $660 billion program to rescue small businesses hit by the coronavirus pandemic thwarts the intention of Congress by making it hard for some […]
May 9, 2020

No ‘V’-shape return from devastating U.S. job loss, Fed policymakers say

As many parts of the world’s biggest economy begin to reopen after weeks of stay-at-home orders that slowed the spread of the coronavirus but gutted jobs, […]
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