(Reuters) – Amazon.com Inc is offering higher pay to recruit its own warehouse employees to pick and pack Whole Foods groceries amid rising demand and a worker shortage, according to an internal document reviewed by Reuters. FILE PHOTO: Small toy figures are seen in front of diplayed Amazon logo in this illustration taken March 19,
Business
WASHINGTON, March 28 (Reuters) – It may, as House Majority Leader and Maryland Democrat Steny Hoyer said on Friday, be out of love that the United States agreed to shut down much of its economy to stop a viral epidemic and save lives. FILE PHOTO: A man walks alone through the nearly empty Oculus transportation
KUALA LUMPUR (Reuters) – A global shortage of condoms is looming, the world’s biggest producer said, after a coronavirus lockdown forced it to shut down production. Malaysia’s Karex Bhd (KARE.KL) makes one in every five condoms globally. It has not produced a single condom from its three Malaysian factories for more than a week due
WASHINGTON/DETROIT (Reuters) – U.S. President Donald Trump on Friday invoked emergency powers to require General Motors Co (GM.N) to build much-needed ventilators for coronavirus patients after he accused the largest U.S. automaker of “wasting time” during negotiations. FILE PHOTO: A ventilator is seen at the New York City Emergency Management Warehouse, where 400 ventilators arrived
File Photo: The GM logo is seen at the General Motors plant in Sao Jose dos Campos, Brazil, January 22, 2019. REUTERS/Roosevelt Cassio NEW YORK (Reuters) – General Motors Co (GM.N) has reached a $120 million settlement with owners who claimed that their vehicles lost value because of defective ignition switches, which have been linked
NEW YORK (Reuters) – Stocks across the globe fell on Friday after a historic three-day run-up, with indexes poised to close the month and quarter with starkly negative performances, while the dollar was on track for its biggest weekly decline in over a decade. Shares on Wall Street pared losses and the dollar fell further
FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan speaks at the Commonwealth Club in San Francisco, U.S., October 11, 2019. REUTERS/Ann Saphir (Reuters) – Dallas Fed President Robert Kaplan on Friday said small businesses can expect to be able to borrow money backstopped by the Fed “very quickly” under a new program the U.S.
NEW DELHI (Reuters) – E-commerce companies including Amazon and Flipkart are facing disruption in India just three days into a lockdown to fight the coronavirus pandemic, despite government assurances they would not, sources familiar with the matter said on Friday. FILE PHOTO: The logo of Amazon is seen at the company logistics center in Lauwin-Planque,
LONDON (Reuters) – Investors rushed into cash and out of bonds at a record pace over the past week as the coronavirus pandemic caused mayhem in markets, BofA said on Friday, though it noted a key positioning signal at “maximum bearish” could signal a big rally ahead. FILE PHOTO: A Bank of America logo is
TOKYO (Reuters) – Oil prices rose on Friday as governments around the world pledged a huge injection of funds and other measures to limit the economic fallout from the coronavirus pandemic, despite fears the outbreak will destroy demand for oil. FILE PHOTO: A pump jack operates in front of a drilling rig at sunset in
(Reuters) – Amazon.com Inc (AMZN.O) is at the front line of responding to outbreaks of the novel coronavirus in the United States, delivering essential goods while about half the population faces government stay-at-home orders. FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. REUTERS/Mike
(Reuters) – The Dow Jones Industrial Average .DJI wrapped up its strongest three days in nine decades on Thursday as record weekly U.S. jobless claims came in below investors’ worst fears and the focus stayed on an unprecedented $2 trillion stimulus awaiting approval by the U.S. House of Representatives. FILE PHOTO: Traders work on the
WASHINGTON (Reuters) – The number of Americans filing claims for unemployment benefits surged to a record of more than 3 million last week as strict measures to contain the coronavirus pandemic brought the country to a sudden halt, unleashing a wave of layoffs that likely ended the longest employment boom in U.S. history. FILE PHOTO:
SYDNEY/CHICAGO (Reuters) – Delta Air Lines Inc and Air New Zealand Ltd said they would offer cargo charter services on passenger planes to boost revenue as the U.S. Senate unanimously passed a bill to give its carriers $58 billion in aid, including payroll support. Delta Air Lines passenger planes are seen parked due to flight
(Reuters) – The oil industry has been hit by a simultaneous demand and supply shock in March as the coronavirus pandemic cuts fuel consumption and top producer Saudi Arabia raises output to full capacity to fight a price war with rivals. FILE PHOTO: The sun sets behind a crude oil pump jack on a drill
SYDNEY (Reuters) – Qantas Airways Ltd (QAN.AX) on Wednesday secured A$1.05 billion ($627.8 million) against its aircraft fleet to help it ride out the coronavirus crisis, sending its shares soaring, as airlines in the Asia-Pacific region sliced away capacity and jobs. Qantas raised the financing against seven of its Boeing Co 787-9s for up to
NEW YORK (Reuters) – U.S. crude prices settled higher on Wednesday, bolstered by progress on a massive pending U.S. economic stimulus package, even as government data showed the coronavirus pandemic started undercutting U.S. fuel demand last week. FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. REUTERS/Nick Oxford/File Photo Demand
NEW YORK (Reuters) – The S&P 500 rallied for a second straight session on Wednesday as the U.S. Senate appeared to near a vote on a $2 trillion package to support businesses and households devastated by the coronavirus pandemic. The Dow Jones Industrial Average .DJI rose 482.38 points, or 2.33%, to 21,187.29, the S&P 500
WASHINGTON/CHICAGO (Reuters) – The U.S. Senate will vote on Wednesday to give the U.S. aviation industry $58 billion in aid, half in the form of grants to cover some 750,000 employees’ paychecks, in a badly needed lifeline for an industry facing the worst travel downturn in history. American Airlines passenger planes crowd a runway where
SINGAPORE (Reuters) – China has begun buying U.S. liquefied petroleum gas (LPG) again after a hiatus of nearly 20 months as Beijing waived punitive tariffs to boost imports of U.S. goods as part of the Sino-U.S. Phase 1 trade deal, industry sources said. FILE PHOTO: Chinese and U.S. flags flutter near The Bund, before U.S.
FILE PHOTO: Walmart’s logo is seen outside one of the stores in Chicago, Illinois, U.S., November 20, 2018. REUTERS/Kamil Krzaczynski BENGALURU (Reuters) – Walmart Inc (WMT.N) on Wednesday named Sameer Aggarwal chief executive officer of Best Price, its Indian cash and carry business, and said it was in touch with supplier partners for adequate stocking
FILE PHOTO: Thyssenkrupp’s logo is seen outside the elevator test tower in Rottweil, Germany, January 21, 2020. REUTERS/Michaela Rehle/File Photo FRANKFURT (Reuters) – The German elevator-to-car parts conglomerate Thyssenkrupp (TKAG.DE) will cut 3,000 jobs at its steel unit by 2026 as part of a wage deal it struck with powerful labor union IG Metall, it
(Reuters) – Investors across a broad range of asset markets breathed a sigh of relief Tuesday, a day after the Federal Reserve rolled out unprecedented measures aimed at boosting liquidity and bolstering investor confidence in the face of a spreading coronavirus pandemic. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington,
FILE PHOTO: The Nike swoosh logo is pictured on a store in New York City, New York, U.S., September 4, 2018. REUTERS/Carlo Allegri/File Photo (Reuters) – Nike Inc (NKE.N) beat Wall Street estimates for quarterly revenue on Tuesday, powered by demand in North America and Europe that blunted the drop in China sales due to
FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren/File Photo (Reuters) – Citigroup Inc (C.N) will temporarily close up to 15% of its U.S. branches in light of reduced foot traffic amid the coronavirus outbreak, a spokesman told Reuters.
FILE PHOTO: The International Air Transport Association (IATA) logo is seen at the International Tourism Trade Fair ITB in Berlin, Germany, March 7, 2018. REUTERS/Fabrizio Bensch/File Photo LONDON (Reuters) – Global airline revenues are seen falling by $250 billion this year, a cut of 44% on 2019 levels, the International Air Transport Association said on
DUBLIN/OSLO (Reuters) – The grounding of virtually all flights by Europe’s largest budget airline and European air traffic data on Tuesday highlighted the enormity of the shock to aviation industries from the coronavirus now emptying skies around the globe. A cleaner works at Hong Kong International Airport, following the novel coronavirus disease (COVID-19) outbreak, in
SYDNEY/MONTREAL (Reuters) – The pandemic is taking its toll on aerospace manufacturing, as Boeing Co (BA.N) announced it would halt production of most widebody jets and Airbus SE (AIR.PA) restarted only partial output after a four-day shutdown as suppliers cut jobs. FILE PHOTO: Planes are seen parked at gates at San Francisco International Airport, as
SINGAPORE/MELBOURNE (Reuters) – Oil prices rose on Tuesday on hopes that the United States will reach a deal soon on a $2 trillion coronavirus aid package which could blunt the economic impact of the outbreak and in turn support oil demand. FILE PHOTO: The sun is seen behind a crude oil pump jack in the
SEOUL/TOKYO (Reuters) – With more employees working from home to help slow the spread of the coronavirus, demand is surging for laptops and network peripherals as well as components along the supply chain such as chips, as companies rush to build virtual offices. Many firms have withdrawn earnings forecasts, anticipating a drop in consumer demand
- 1
- 2
- 3
- …
- 95
- Next Page »