The Real News Network
By Julie Steenhuysen (Reuters) – The U.S. government has cut deals with Johnson & Johnson <JNJ.N> and Moderna Inc <MRNA.O> and said it is in talks with at least two other companies to expand manufacturing capacity within the United States for vaccines to prevent the new coronavirus even before safe and effective ones become available. […]
LONDON (Reuters) – Britain’s Aston Martin said on Monday it is furloughing some employees as it handles the fallout from the coronavirus outbreak which has closed its car factories. The pandemic has shut both the luxury brand’s plants, just as it starts production of its first sport utility vehicle, the DBX, crucial to a turnaround […]
By Uday Sampath Kumar and Medha Singh (Reuters) – U.S. stocks rose on Monday as President Donald Trump followed last week’s massive fiscal stimulus package by extending his stay-at-home guidelines, leaving investors to await more signs on the next stages of a deepening economic crisis. A record $2.2 trillion in aid and policy easing from […]
By Helen Coster (Reuters) – Walt Disney Inc <DIS.N> Executive Chairman Bob Iger will forgo his salary and newly named Chief Executive Officer Bob Chapek will take a 50% pay cut amid the coronavirus crisis, according to an internal email from Chapek. Disney will reduce the salaries of its vice presidents by 20%, senior vice […]
By Scott DiSavino NEW YORK (Reuters) – Global oil benchmark Brent crude plunged to its cheapest in 18 years on Monday, while U.S. crude briefly tumbled below $20 per barrel, on growing fears the global coronavirus shutdown could last months and demand for fuel could decline further. With Saudi Arabia and Russia set to flood […]
By Svea Herbst-Bayliss (Reuters) – Harley-Davidson Inc <HOG.N> said on Monday it settled a board fight with Impala Asset Management just days after the investor began pressing to replace two directors at America’s oldest and best-known motorcycle maker. An independent director, mutually agreed on by Impala and Harley, will join the board after the company’s […]
(Reuters) – Macy’s Inc <M.N> said on Monday it would furlough most of its employees starting this week as all stores of the department chain operator stay closed to curb the spread of the coronavirus. The company, which has about 130,000 employees, earlier this month shut its more than 800 stores, suspended quarterly dividend and […]
(Reuters) – The number of people using Microsoft’s Skype video calling system has surged by 70% in a month to 40 million people presently, as more individuals stay home due to the coronavirus outbreak, the company said on Monday. Skype-to-Skype calling minutes jumped 220% from a month earlier, the company said in a blog post […]
MEXICO CITY (Reuters) – Mexico’s President Andres Manuel Lopez Obrador on Saturday said his government will comply with a public consultation to halt the construction of U.S. brewer Constellation Brands Inc’s <STZ.N> more than $1 billion brewery project in the border city of Mexicali. “The citizens of Mexicali decided and we will comply with their […]
By Dahlia Nehme and Alexander Cornwell DUBAI (Reuters) – Organisers of Expo 2020 Dubai on Monday backed a proposal to postpone the event for one year due to the coronavirus pandemic. The announcement came after a meeting between officials from the United Arab Emirates and foreign countries participating in the nearly six-month-long event that was […]