April 8, 2020

Oil futures rise on hopes of production cuts

Oil futures strengthened late in the session on Wednesday, buoyed by hopes that OPEC and its allies will strike a production cut agreement on Thursday. Powered […]
April 8, 2020

McDonald’s pulls forecast as coronavirus outbreak hits sales

McDonald’s Corp global comparable sales tumbled 22.2% in March and the burger chain pulled its full-year forecast as coronavirus-related lockdowns forced it to shutter stores and […]
April 8, 2020

Ferrari to pilot ‘Back on Track’ employee screening for coronavirus

Ferrari said on Wednesday it was piloting a project to conduct voluntary screening of employees and their families for coronavirus once the supercarmaker’s factories in Italy […]
April 8, 2020

Airbus cuts jet production to cope with coronavirus crisis

Airbus on Wednesday cut production across the board to absorb the hit to manufacturing from the coronavirus crisis. Powered by WPeMatico
April 8, 2020

Lufthansa’s Austrian unit negotiates state aid, job cuts

Austrian Airlines is in negotiations with the government regarding state aid to save jobs and keep Vienna as a transfer hub for long-haul flights, the carrier […]
April 8, 2020

Fed modifying asset cap so Wells Fargo can make more small business loans

The U.S. Federal Reserve said on Wednesday it would “temporarily and narrowly” modify the growth restriction on Wells Fargo & Co’s asset cap so the bank […]
April 8, 2020

Walmart’s Mexico unit hires over 7,700 employees to manage higher demand

Walmart de Mexico, known locally as Walmex , has hired 7,741 employees to manage higher volume and demand at its stores, the retailer said in a […]
April 8, 2020

Corona beer maker Constellation to reduce production in Mexico during pandemic

Constellation Brands Inc , the U.S. distributor of Corona beer, said on Wednesday it would reduce production at its Mexican breweries, just days after it announced […]
April 8, 2020

JetBlue seeks government permission to suspend flying at some airports as demand drops

JetBlue Airways Corp said on Wednesday it is consolidating flights in five U.S. metropolitan areas into just one or two airports and also asking the U.S. […]
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