Fiat Chrysler said on Thursday it has agreed a new credit facility with two banks, at a time when major carmakers are having to shut down plants, losing revenue as demand slumps in the wake of the coronavirus.
WeWork told investors on Thursday the $4.4 billion in cash and cash commitments it had on hand at year-end 2019 is sufficient to execute its five-year plan, including managing the challenges posed by the recession-bearing coronavirus crisis.
Americans should receive cash payments within three weeks to help offset the financial hardships of the coronavirus crisis, Treasury Secretary Steve Mnuchin said, adding that the record jobless claims announced on Thursday are not relevant.
Wall Street gained more ground on Thursday as the record weekly jobless claims came in below investors' worst fears, but added to the case for more stimulus to combat the economic impact of the coronavirus pandemic.
Japan's Mitsubishi Corp could potentially invest in Renault as part of scenarios being discussed to reinforce an alliance between the French carmaker, Nissan and Mitsubishi Motors, two sources familiar with the matter said.
U.S. drugstore operator CVS Health Corp said on Thursday its medical membership and payment collection have been hit due to the coronavirus pandemic, although it cannot reasonably estimate the impact on its businesses, cash flows or operating results.
Nestle , the world's biggest food company, said it would pay full salaries to employees affected by work stoppages for a minimum of three months, to protect them from the fallout of the coronavirus pandemic.
Yes Bank Ltd said on Thursday it was looking to raise up to 50 billion rupees ($665.88 million) in an effort to shore up its capital base after a government-led rescue of the private sector lender.
Deutsche Bank said on Thursday it is preparing for the possible use of a government-run short-time work scheme for some of its staff in Germany to cope with the coronavirus crisis, a move that could face union resistance.
"We've been scaling back into stocks over the last two, three or four weeks," Morgan Stanley's Mike Wilson said.
Paul Tudor Jones thinks the market could be higher by June despite expectations for a turbulent April.
The coronavirus outbreak is heightening money fears across the U.S. Personal Finance Reporter Sharon Epperson offers suggestions on what to do now if you are struggling with credit card debt, considering tapping your 401(k) and more.
"We've been scaling back into stocks over the last two, three or four weeks," Morgan Stanley's Mike Wilson said.
U.S. lawmakers are finalizing a sweeping new $2 trillion stimulus bill that includes checks for individual Americans. Here's how much you may expect to receive to help offset the coronvirus's pinch on your wallet.
Ackman used his $2 billion in proceeds from his bet against the market to add to stakes including Hilton Worldwide and Lowe's.