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Airlines plan furloughs; Air New Zealand sees smaller carrier in a year
Major global airlines projected layoffs, furloughs and capacity cuts over the next few months, with Air New Zealand on Tuesday warning it expected staffing levels to be 30% lower than it is now, due to the coronavirus pandemic.
[ reuters.com ] businessNews,JBS cuts beef production at U.S. facility as precaution amid coronavirus concerns
JBS USA will reduce beef production for two weeks at a Pennsylvania facility after managers displayed flu-like symptoms, the company said on Monday, making it the first U.S. meat plant to cut operations due to worries over the coronavirus pandemic.
[ reuters.com ] companyNews,USA Rugby to file for bankruptcy
USA Rugby will file for Chapter 11 bankruptcy due to "insurmountable financial constraints" that were accelerated by the coronavirus pandemic, the governing body said on Monday.
[ reuters.com ] sportsNews,New York greets hospital ship with cheers; U.S. death toll rises past 3,000
New York welcomed the arrival of a gleaming 1,000-bed U.S. Navy hospital ship on Monday as a beacon of hope for the city's desperate fight against the coronavirus pandemic, while the national death toll climbed past 3,000 on the country's most deadly day.
[ reuters.com ] domesticNews,Airlines line up furloughs; Air New Zealand sees smaller carrier in a year
Major global airlines projected layoffs, furloughs and capacity cuts over the next few months, with Air New Zealand warning that it expected staffing levels to be 30% smaller than it is now, due to the coronavirus pandemic.
[ reuters.com ] companyNews,Airbnb to pay out $250 million to hosts to help ease coronavirus cancellation pain
Airbnb said on Monday it was allocating $250 million to help offset losses by hosts around the world whose guests have canceled bookings in the face of the coronavirus pandemic, following its announcement earlier this month that guests could get full refunds for certain reservations.
[ reuters.com ] businessNews,Why some Amazon and Instacart workers are striking
Workers helping to get household essentials to people across the country during the coronavirus pandemic are fed up with the companies they work for. On Monday, they offered their strongest public demonstration of their frustration yet.
[ cnn.com ]New York greets hospital ship with cheers; California cases soar
New York welcomed the arrival of a gleaming 1,000-bed U.S. Navy hospital ship on Monday as a beacon of hope for the city's desperate fight against the coronavirus pandemic, while officials said the disease was gaining traction in California.
[ reuters.com ] topNews,Fiat Chrysler executives, salaried employees to take pay cuts during coronavirus pandemic
Fiat Chrysler Automobiles NV's top executives and salaried workers around the globe will take pay cuts in an act of "shared sacrifice" brought on by the coronavirus pandemic that has shuttered the automaker's plants in Europe and North America, according to a company memo seen by Reuters.
[ reuters.com ] businessNews,UPDATE 1-Fiat Chrysler executives, salaried employees to take pay cuts during coronavirus pandemic
Fiat Chrysler Automobiles NV's top executives and salaried workers around the globe will take pay cuts in an act of "shared sacrifice" brought on by the coronavirus pandemic that has shuttered the automaker's plants in Europe and North America, according to a company memo seen by Reuters.
[ reuters.com ] companyNews,UPDATE 1-Visa transaction volumes hurt as coronavirus crisis deepens
Visa Inc said on Monday its transaction volumes had been hit as the coronavirus pandemic wreaks havoc on consumer spending, leading it to forecast mid-single-digit percentage revenue growth for the second quarter.
[ reuters.com ] companyNews,U.S. Congress eyes next steps in coronavirus response
Three days after passing a $2.2 trillion package aimed at easing the heavy economic blow of the coronavirus pandemic, the U.S. Congress on Monday was looking at additional steps it might take as the country's death toll continued to rise.
[ reuters.com ] healthNews,Visa transaction volumes hurt as coronavirus crisis deepens
Visa Inc said on Monday its transaction volumes had been hit as the coronavirus pandemic wreaks havoc on consumer spending, leading it to forecast mid-single digit percentage revenue growth for the second quarter.
[ reuters.com ] companyNews,Air Canada to furlough employees as coronavirus slams industry
Air Canada said on Monday it will cut second quarter capacity by 85%-90%, place about 15,200 unionized employees off duty and furlough about 1,300 managers as the coronavirus pandemic takes a toll on global travel and aviation.
[ reuters.com ] companyNews,World Bank urges G20 to refrain from export restrictions for pandemic supplies
The World Bank on Monday urged the Group of 20 major economies (G20) to refrain from imposing new export restrictions on critical medical supplies, food or other key products as the world battles the devastating coronavirus pandemic.
[ reuters.com ] companyNews,What Are My Obligations if I’m a Doctor Who Is High Risk?
The magazine’s Ethicist columnist on how a physician should balance treating patients against protecting himself during the coronavirus pandemic — and more.
[ nytimes.com ] Coronavirus (2019-nCoV),JPMorgan plans to raise up to $10 billion for alternative investments: source
JPMorgan Chase & Co's alternative investments unit is looking to raise up to $10 billion to boost its spending power in the face of the coronavirus pandemic, a source familiar with the matter said on Monday.
[ reuters.com ] businessNews,AmEx to avoid job cuts as it rides out coronavirus storm
American Express Co will avoid job cuts in 2020 as the credit card issuer "rides out the storm" brought on by the coronavirus pandemic, Chief Executive Officer Steve Squeri said in a video message to employees on LinkedIn.
[ reuters.com ] businessNews,UPDATE 1-AmEx to avoid job cuts as it rides out coronavirus storm
American Express Co will avoid job cuts in 2020 as the credit card issuer "rides out the storm" brought on by the coronavirus pandemic, Chief Executive Officer Steve Squeri said in a video https://www.linkedin.com/posts/american-express_our-most-important-asset-is-our-colleague-activity-6650421532881403904-jgJs message to employees on LinkedIn.
[ reuters.com ] companyNews,Kohl's extends store closure, draws down $1 billion credit facility amid coronavirus outbreak
Kohl's Corp said on Monday it would extend the duration of store closure, and fully draw down on its $1 billion revolving credit facility to control damages from the coronavirus pandemic.
[ reuters.com ] businessNews,