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Wall St. slides on bleak data, capping a banner month

April 30, 2020 by  
Filed under News

U.S. stocks fell on Thursday as grim economic data and mixed earnings prompted investors to take some profits at the close of Wall Street’s best month in decades.


Source: Reuters Business News

Embraer and Boeing's $4.2 billion deal ruled out pandemic as pretext to cancel

April 30, 2020 by  
Filed under News

Boeing Co’s recently aborted $4.2 billion agreement to buy the commercial jet-making operations of Brazil’s Embraer specifically forbade either party from calling it off because of a pandemic or a global economic recession, Reuters has found.


Source: Reuters Business News

Ford Motor steps up campaign to convince union workers to restart U.S. output

April 30, 2020 by  
Filed under News

Ford Motor Co on Thursday outlined the safety measures it will institute to restart its most profitable U.S. plants amid the coronavirus pandemic, expanding on similar efforts by General Motors Co and Fiat Chrysler to convince leaders of the United Auto Workers union to send members back to work.


Source: Reuters Business News

Factbox: Warren Buffett, Berkshire Hathaway at a glance

April 30, 2020 by  
Filed under News

Warren Buffett’s Berkshire Hathaway Inc’s annual meeting on May 2 will break with tradition and be held virtually, as the coronavirus pandemic halts large gatherings.


Source: Reuters Business News

Buffett likely to finally address pandemic at Berkshire Hathaway meeting

April 30, 2020 by  
Filed under News

Berkshire Hathaway Inc’s annual meeting will be nothing like the extravaganzas of years past, but will give Warren Buffett a chance to show how resilient his cash-rich conglomerate may be to the coronavirus pandemic, and the investment opportunities it offers.


Source: Reuters Business News

Volkswagen indefinitely delays restarting U.S. production

April 29, 2020 by  
Filed under News

Volkswagen AG said Wednesday it is indefinitely delaying the resumption of production at its Tennessee assembly plant that had been set to restart on May 3.


Source: Reuters Business News

Fed keeps rates steady, vows to maintain coronavirus measures

April 29, 2020 by  
Filed under News

Federal Reserve policymakers on Wednesday left interest rates near zero and repeated a vow to do what it takes to shore up the economy, saying the ongoing coronavirus pandemic will “weigh heavily” on the near-term outlook and poses “considerable risks” for the medium term.


Source: Reuters Business News

Fed leaves rates near zero, sees virus risks lingering

April 29, 2020 by  
Filed under News

The Federal Reserve on Wednesday left interest rates near zero and repeated a vow to do what it takes to shore up the U.S. economy amid an ongoing coronavirus pandemic that will not only “weigh heavily” on the near-term outlook but poses “considerable risks” for the medium term as well.


Source: Reuters Business News

Boeing to shrink workforce, raise cash as coronavirus slams jet industry

April 29, 2020 by  
Filed under News

Boeing Co said on Wednesday it would cut its 160,000-person workforce by about 10%, further reduce 787 Dreamliner production and try to boost liquidity as it prepares for a years-long industry recovery from the coronavirus pandemic that drove its second consecutive quarterly loss.


Source: Reuters Business News

U.S. stocks rally on coronavirus drug hopes

April 29, 2020 by  
Filed under News

Wall Street stock indexes surged on Wednesday as hopes for an effective COVID-19 treatment prompted a broad rally and helped investors look past bleak economic data.


Source: Reuters Business News

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