March 23, 2020

Twitter withdraws first-quarter revenue forecast on virus fears

Twitter Inc said on Monday it is withdrawing its revenue and operating income forecast for the first quarter, citing the growing impact of the coronavirus outbreak. […]
March 23, 2020

With latest moves, Fed becomes creditor in chief for U.S. business

In undertaking what will undoubtedly be its largest rescue effort ever, the Federal Reserve on Monday announced programs that represent a never-before-seen intervention by the central […]
March 23, 2020

Market panic lingers despite unprecedented Fed support

Global equities slid further and safe-haven assets rose on Monday after a massive array of new programs from the U.S. Federal Reserve underscored the “severe” disruptions […]
March 23, 2020

Historic Fed boost fails to stop Wall Street’s virus-driven sell-off

Wall Street’s slide deepened on Monday as the rapidly spreading coronavirus forced more U.S. states into lockdown, overshadowing unprecedented moves by the U.S. Federal Reserve to […]
March 23, 2020

U.S. prosecutors charge PDVSA contractor with money laundering

U.S. prosecutors have charged a Venezuelan oilfield contractor with money laundering for bribing officials at state oil company Petroleos de Venezuela to win overpriced contracts, and […]
March 23, 2020

Crude edges higher, U.S. gasoline slumps over 30% on sinking demand

Oil prices inched higher on Monday, while U.S. gasoline prices plunged more than 30% to a record low as global restrictions on travel to slow the […]
March 23, 2020

Airbus sees airlines seeking to defer or cancel orders

Airbus said in a stock market filing on Monday that customers could seek to cancel or postpone delivery of airliners and helicopters as the coronavirus crisis […]
March 23, 2020

Boeing suspending Washington state production due to coronavirus risks

Boeing Co said on Monday it would halt production at its Washington state twin-aisle jetliner factory as a temporary measure to help fight the coronavirus outbreak. […]
March 23, 2020

GM accelerates ‘Project V’ to build ventilators in Indiana

General Motors Co and medical equipment maker Ventec are speeding up efforts under a partnership code-named “Project V” to build ventilators at a GM plant in […]
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