U.S. small businesses flood Bank of America with loan applications
(Reuters) – Bank of America Corp (BAC.N) said on Friday it has already received about 35,000 applications for federally backed small-business loans within hours of […]
NHS faces shortfall of ventilators as manufacturers struggle
Hospitals could be left without enough medical ventilators at the height of the UK coronavirus outbreak, with manufacturers struggling to build thousands of new machines […]
India Inc lines up as demand for rapid testing for coronavirus grows
The test used now, called PCR (or polymerace chain reaction), uses a nasal or throat swab sample and identifies the virus. These tests take at […]
3M to increase production of face masks after Trump order
(Reuters) – 3M Co (MMM.N) said on Friday it would continue to increase the production of respirators, after U.S. President Donald Trump announced he was […]
'Mom & Pop' shops worry they will be squeezed out of small business coronavirus aid
WASHINGTON (Reuters) – Family-owned restaurants fear they could be pitted against larger competitors, hotel chains and potentially investment funds in a race starting on Friday […]
Can the US, Russia and Saudi Arabia find a compromise on oil?
London (CNN Business)OPEC will meet on Monday with Russia and other oil producers in the hope of agreeing supply cuts and ending a brutal price […]
European stocks sink as pandemic hits business, oil prices grind higher
LONDON (Reuters) – European stock markets sank on Friday, erasing meagre gains for the week, as more companies flagged a hit to business from the […]
U.S. unemployment claims hit record 6.6 million going into April amid coronavirus
WASHINGTON — More than 6.6 million Americans applied for unemployment benefits last week, far exceeding a record high set just a week prior, a sign […]
When will U.S. economy bottom? Economists hunt for the right view
WASHINGTON (Reuters) – The economic crisis spawned by the coronavirus pandemic has produced a wave of grim U.S. data, with likely more to come as […]
Fate Therapeutics Seals Deal With JNJ For Cancer Immunotherapies, Stock Jumps
Shares of Fate Therapeutics Inc. (FATE) were up over 20 percent in extended trading on Thursday, following a worldwide collaboration with Johnson & Johnson subsidiary […]
General Motors, Honda to jointly develop two new electric vehicles
(Reuters) – General Motors Co (GM.N) and Honda Motor Co Ltd (7267.T) said on Thursday they would jointly develop two new electric vehicles for Honda […]
Record 6.6 million Americans file jobless claims
London (CNN Business)The European Union is preparing fresh action to support workers as layoffs within the bloc skyrocket. The European Commission on Thursday proposed a […]
Hollywood’s Coronavirus PSAs: ABC Stars, Reese Witherspoon, Matthew McConaughey, ESPN, Hallmark Channel, ‘Chicago’ TV Trio & Many More
With roughly a third of all Americans ordered to stay “safer at home” amid the coronavirus outbreak, the entertainment industry is chiming in with public […]
Output at Nissan's UK car plant suspended throughout April over coronavirus
LONDON (Reuters) – Production at Nissan’s (7201.T) British factory, the country’s biggest car plant, is suspended throughout April, continuing a shutdown in place since mid-March […]
Don’t Expect to Get 100% From Your Employees Right Now
LISTEN TO ARTICLE SHARE THIS ARTICLE Barbara Larson, an executive professor of management at Northeastern University, is one of the world’s premier scholars on remote […]
Stocks drift as investors digest grim U.S. jobs data
NEW YORK (Reuters) – World equity markets hovered between small gains and losses Thursday, as the death toll from the coronavirus pandemic continued to rise […]
Ford says post-crisis support for U.S. customers 'would be appropriate'
(Reuters) – Ford Motor Co’s (F.N) U.S. sales chief said on Thursday the automaker believes some level of government stimulus will be needed for consumers […]
Ford first-quarter U.S. auto sales tumble 12.5% on coronavirus hit
(Reuters) – Ford Motor Corp (F.N) on Thursday posted a 12.5% fall in U.S. auto sales for the first quarter, as production halts and social […]
Dollar maintains gains after weeks of rallying
LONDON (Reuters) – The dollar firmed on Thursday but paused its strong rally of recent weeks after the Federal Reserve helped U.S. currency liquidity in […]
U.S. Weekly Jobless Claims Spike By More Than 3 Million
Reflecting the shutdown of large swaths of the U.S. economy due to the coronavirus pandemic, the Labor Department released a report on Thursday showing a […]
Spain recorded 950 coronavirus deaths in a day, the highest single-day toll of any country
On Thursday, Spanish officials announced that a further 950 people had died of the coronavirus. That's the largest daily increase of any country, including Italy, […]
Senate Passes $2 Trillion Coronavirus Stimulus Package
Senate passed a $2 trillion fiscal stimulus package intended to provide economic relief during the ongoing coronavirus pandemic. The Republican-majority Senate unanimously approved the measure […]
Hyped Malaria Drug Not Showing Much Effect at One Paris Hospital
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Consumer internet start-ups brace for salary cuts, layoffs
For now, Bounce, Shuttl, Fab Hotels, Instamojo, Zomato, Curefit, and HealthifyMe, among others, are going for salary deductions. Most of the consumer internet start-ups, besides […]