March 31, 2020

U.S. senators scrutinize meat packers’ big profits during pandemic

U.S. senators are calling for investigations of record profit margins for beef processors like Tyson Foods and Cargill, after ranchers complained surging meat prices due to […]
March 31, 2020

Macy’s, Kohl’s to furlough employees as virus crisis keeps stores shut

Department store operators Macy’s Inc and Kohl’s Corp said on Monday they would furlough thousands of employees as U.S. retailers keep their stores shut to curb […]
March 31, 2020

Asia shares edge up, China factories show flicker of life

Asian shares managed a tentative rally on Tuesday as factory data from China held out the hope of a rebound in activity even as other countries […]
March 31, 2020

China March factory activity unexpectedly expands, but outlook still grim

Factory activity in China unexpectedly expanded in March after contracting sharply to a record low, but the rapid global spread of the coronavirus is expected to […]
March 31, 2020

Dollar up, but yuan sluggish as traders skeptical of China PMI bounce

The dollar rose against the yen on Tuesday as Japanese investors and companies rushed to cover a shortage of the U.S. currency before their fiscal year […]
March 31, 2020

Airlines plan furloughs; Air New Zealand sees smaller carrier in a year

Major global airlines projected layoffs, furloughs and capacity cuts over the next few months, with Air New Zealand on Tuesday warning it expected staffing levels to […]
March 31, 2020

KFC owner Yum Brands breaks junk debt market’s four-week fast

Yum Brands Inc , owner of Pizza Hut, KFC and Taco Bell restaurant chains, sold $600 million in bonds on Monday, reopening the U.S. market for […]
March 31, 2020

Virgin Australia seeking government loan to weather coronavirus crisis

Virgin Australia Holdings Ltd said on Tuesday it is seeking a government loan of A$1.4 billion ($862.68 million) and exploring other options to get through the […]
March 31, 2020

U.S. Air Force finds additional deficiency in Boeing’s aerial fuel system

The U.S. Air Force announced on Monday an additional deficiency in the KC-46 Pegasus aerial fuel system built by Boeing , classifying it at the Category […]
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