Oil prices rose on Friday, but both the Brent and U.S. benchmarks were on track for their third straight week of losses as global production shutdowns failed to keep pace with the collapse in demand caused by the coronavirus pandemic.
Atlantia will give about 1,000 euros ($1,080) of shares to each of the 12,000 workers employed by the group's Italian companies, the motorway and airport operator said on Friday.
A fifth coronavirus-response bill will soon be readied, U.S. House of Representatives Speaker Nancy Pelosi said on Friday, as she warned Republicans that it must include new aid to state and local governments.
Oil prices rose on Friday, but were on course for their third straight weekly loss as production shutdowns failed to keep pace with the collapse in demand caused by the coronavirus crisis.
New orders for key U.S.-made capital goods unexpectedly rose in March, but the gains are unlikely to be sustainable amid the novel coronavirus outbreak, which has virtually shut down the country and contributed to a collapse in crude oil prices.
An average of 750 workers of Fiat Chrysler Melfi assembly plant in southern Italy will be back to work next week to prepare the facility for the final development of the group's new hybrid cars, a union representative said on Friday.
AT&T Inc said Friday that Chief Operating Officer John Stankey will take over as chief executive officer, effective July 1.
The U.S. government is considering taking equity stakes in U.S. energy companies as it seeks to help the nation's oil and gas sector amid the coronavirus outbreak, Treasury Secretary Steven Mnuchin said on Friday.
The S&P 500 edged higher in choppy trading on Friday as some states prepared to relax curbs imposed to contain the coronavirus outbreak, but declines in Intel and Boeing weighed on the blue-chip Dow Jones.
German automaker Volkswagen will extend until at least May 18 a suspension on operations at its Puebla production plant in Mexico due to the ongoing coronavirus pandemic, the company said in a statement on Friday.
Ryanair may see job losses if flights remain grounded due to coronavirus restrictions on travel beyond May, Chief Executive Michael O'Leary said on Friday.
British pub operator Greene King has furloughed more than 36,000 employees, owner CK Asset Holdings said on Friday, as government measures to halt the spread of the coronavirus has led to the closure of all its pubs in the UK.
Two senior U.S. House Democrats on Friday asked the U.S. Treasury and Federal Reserve to direct at least $5 billion in loans to struggling over-the-road bus companies because of the coronavirus pandemic.
American teens are worried about the financial impact of the coronavirus pandemic on their family — and on their future, according to a survey.
Nestle expects a "more vigorous" year for acquisitions in 2020 as the packaged food giant looks to expand its business, Chief Executive Mark Schneider said on Friday.