General Motors said Monday that it is suspending its quarterly dividend and stock buybacks to preserve cash during the coronavirus pandemic. JEFF KOWALSKY | AFP | Getty Images General Motors is taking steps to shore up its balance sheet as the coronavirus keeps plants shuttered and auto sales depressed, the company said Thursday. The company is
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Visitors watch fireworks explode over the Shanghai Disneyland castle at an event to mark the first anniversary of the opening of the park. STR | AFP | Getty Images In less than a week, Disney will reopen its Shanghai theme park, offering up a glimpse to the rest of the theme park industry of what
Flight attendants talk in a nearly empty cabin on a Delta Airlines flight operated by SkyWest Airlines as travel has cutback, amid concerns of the coronavirus disease (COVID-19), during a flight departing from Salt Lake City, Utah, April 11, 2020. Jim Urquhart | Reuters A lobbying group representing U.S. airlines on Wednesday said federally mandated
Ground staff load baggage on a United Airlines airplane at Newark Liberty Airport on March 23, 2018 in Newark, New Jersey. Gary Hershorn | Getty Images United Airlines on Wednesday tried to soothe labor tensions by making some mandatory schedule reductions voluntary, after a union sued, alleging the company was violating the terms of billions of
Beyond Meat posted better-than-expected earnings for the first quarter Tuesday but warned that it saw a drop in sales at the end of March as the coronavirus pandemic shuttered restaurants around the country. Given the uncertainty regarding restaurant sales, the company withdrew its earnings forecast for the year. “I am proud of our first-quarter financial results,
Medical workers take in patients outside of a special coronavirus intake area at Maimonides Medical Center on May 04, 2020 in the Borough Park neighborhood of Brooklyn, New York. Spencer Platt | Getty Images The coronavirus that emerged in Wuhan, China over four months ago has since mutated and the new, dominant strain spreading across
The Wendy’s Co. logo is seen on a cup displayed for a photograph at a restaurant location in Daly City, California. David Paul Morris | Bloomberg | Getty Images Nearly a fifth of Wendy’s U.S. restaurants are out of beef, according to a Stephens Inc. study. Stephens analyst James Rutherford said that a study of online
Gavin Newsom, governor of California, speaks during a news conference in Sacramento, California, on Tuesday, April 14, 2020. Rich Pedroncelli | AP | Bloomberg via Getty Images California Gov. Gavin Newsom on Monday said some of the state’s retail businesses could begin reopening with modifications by the end of this week if certain criteria are
Pharmaceutical companies continue to make headlines as governments and investors hang their hopes on a steady recovery from the Covid-19 pandemic. Gilead Sciences CEO Daniel O’Day said Sunday the company would be donating its entire supply of remdesivir to treat coronavirus patients. Roche Chairman Christoph Franz said the drugmaker will invest more than $437 million in a
A General Electric GE9X engine is pictured on a Boeing 777X airplane as it taxis for the first flight, which had to be rescheduled due to weather, at Paine Field in Everett, Washington on January 24, 2020. Jason Redmond | AFP | Getty Images General Electric‘s aviation unit revealed plans on Monday to slash its
A shopper wearing a protective mask returns exits a retail store in Cleveland, Mississippi, U.S., on Thursday, April 30, 2020. Some retail stores began reopening at half-capacity in Mississippi after the stay-at-home order expired on April 27. Rory Doyle | Bloomberg | Getty Images We’ve been socially distancing for weeks now, riding out the coronavirus
States across the U.S. are reopening after coronavirus-enforced lockdowns while protests erupted in places where stay-at-home rules remain in place. In states like California and Michigan, groups demanded the easing of restrictions. A big week of earnings are in, and tech giants Apple, Alphabet, Amazon, Facebook, Microsoft and Tesla have all reported, providing a first
Donated food and supplies from TSA workers for airport workers who are on reduced hours and/or paychecks, April 30, 2020. Source: TSA The steep decline in air travel caused by the Covid-19 pandemic has triggered layoffs, furloughs and shortened work hours for airport employees and contract workers ranging from wheelchair attendants and baggage handlers to
Coronavirus safety actions for Ford include required face masks for everyone entering a Ford facility. Every Ford team member will be provided a care kit including a face mask and other items to help keep them healthy. Ford U.S. auto plants weren’t supposed to be closed this long due to the coronavirus pandemic. When the
A farmer checks on young female pigs at a hog farm in Smithville, Ohio, U.S., on Thursday, April 30, 2020. Dane Rhys | Bloomberg | Getty Images As the coronavirus pandemic disrupts supply chains across the country, farmers are being forced to destroy their crops, dump milk and throw out perishable items that can’t be
The World Health Organization defended Friday its initial response to the coronavirus pandemic, saying it gave world leaders enough time to intervene early in the outbreak. The agency declared Covid-19 a global health emergency on Jan. 30 when there were only 82 cases outside of China and zero deaths, WHO Director-General Dr. Tedros Adhanom Ghebreyesus
Lucas Gebel makes sausage while processing hogs at Elma Locker & Grocery on July 25, 2018 in Elma, Iowa. Scott Olson | Getty Images About 3% of workers in over 100 meat processing plants have tested positive for the coronavirus as conditions allow the virus to spread rapidly and low-wage workers are incentivized to continue
A woman wearing a face mask as a preventive measure against the spread of the COVID-19 Coronavirus, runs with Cruise Ships docked in the background at the port of Long Beach, California on April 11, 2020. Apu Gomes | AFP | Getty Images The U.S. House Committee on Transportation and Infrastructure on Friday called for Carnival
Tesla vehicles stand outside of a Brooklyn showroom and service center on August 27, 2018 in New York City. Spencer Platt | Getty Images The coronavirus pandemic could help Tesla retain its stranglehold on the U.S. all-electric vehicle market as traditional automakers reassess their spending on the emerging technology. Starting this year, an influx of new EVs
An ampule of Ebola drug remdesivir is pictured during a news conference at the University Hospital Eppendorf (UKE) in Hamburg, Germany, April 8, 2020, as the spread of coronavirus disease (COVID-19) continues. Ulrich Perrey | Reuters Gilead Sciences said Thursday that it can produce “several million” rounds of its antiviral drug remdesivir next year to