Air Canada will temporarily lay off more than 5,100 employees as it attempts to check the impact of the coronavirus pandemic, the union representing the Canadian airline's flight attendants said on Friday.
Wells Fargo & Co said on Friday it is suspending residential property foreclosure sales, evictions and involuntary automobile repossessions due to the coronavirus outbreak.
The S&P 500 and the Dow dipped in choppy trading on Friday, as the New York state ordered all non-essential workers to stay at home to contain the coronavirus outbreak that has fueled the worst monthly rout in U.S. equities in three decades.
The Trump administration, scrambling to respond to the global oil price crash, plans to send an energy representative to Saudi Arabia, officials said on Friday, while a regulator from the top oil-producing state of Texas took the rare step of considering production cuts.
The U.S. government will give individuals and companies an extra three months to file their 2019 tax returns, extending the deadline to July 15 amid the coronavirus outbreak.
BMW AG said on Friday it will temporarily close its South Carolina plant for two weeks starting April 3.
Goldman Sachs Group Inc's Chief Executive David Solomon got a US$4 million raise in his total compensation for 2019 from 2018, according to corporate filings released on Friday.
During this coronavirus outbreak, industries must find ways to make better use of idle resources to fight the virus, says the Financial Times’ Tim Harford.
After closing their stores earlier this week to limit the spread of the coronavirus, several retailers are dangling site-wide discounts and free shipping to entice people stuck at home to shop.
Four Democratic U.S. senators on Friday expressed concern in a letter to Amazon.com Inc Chief Executive Jeff Bezos that the world's largest online retailer has not given enough support to warehouse staff during the coronavirus outbreak, according to a copy of the message seen by Reuters.
