March 18, 2020

Shell to suspend construction of Pennsylvania chemical facility

Royal Dutch Shell Plc will temporarily suspend construction activities on a multi-billion dollar ethane cracker being constructed along the Ohio River in Beaver County, Pennsylvania, amid […]
March 18, 2020

JPMorgan Chase to close 1,000 Chase branches on coronavirus concerns

JPMorgan Chase and Co will temporarily shut about 1,000 bank branches, roughly 20%, to protect employees and reduce the spread of the coronavirus, according to a […]
March 18, 2020

Detroit automakers agree to UAW request to shutter U.S. plants: source

The Detroit Three automakers have agreed to shut down their U.S. plants to stop the spread of coronavirus, bowing to pressure from the union representing about […]
March 18, 2020

Wall Street pounded as trading resumes

The S&P 500 index fell on Wednesday when trading resumed after an initial automatic 15-minute cutout, as investors priced in a complete breakdown in business activity […]
March 18, 2020

S&P 500 earnings expected to decline 0.2% in first quarter from year earlier

S&P 500 companies’ earnings are expected to decline in the first quarter from the year-earlier period, reversing a forecast for profit gains, according to IBES data […]
March 18, 2020

France to consult Dutch over Air France support: finance minister

The French government will consult with its Dutch counterpart before making any decision over support for Air France, the French subsidiary of Air France-KLM , Finance […]
March 18, 2020

Delta parks 600 jets and scales back flights as revenue tanks

Delta Air Lines said on Wednesday it was parking more than 600 jets, cutting corporate pay by as much as 50%, and scaling back its flying […]
March 18, 2020

U.S. oil plunges to 18-year low as lockdowns trigger market meltdown

Oil prices plunged on Wednesday, with U.S. crude futures hitting an 18-year low, as governments worldwide accelerated lockdowns to counter the coronavirus pandemic that is causing […]
March 18, 2020

Tesla’s California factory operating despite virus lockdown order: witnesses

Tesla Inc’s vehicle factory in California appeared to be operating normally on Wednesday despite an order by local officials to comply with a three-week lockdown in […]
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