Uber Technologies Inc. took steps to stem losses in its international businesses May 4 as the company rushes to adapt to the new realities of the coronavirus pandemic.
May 4, 2020Coronavirus News Updates
Uber Eats Drops Service in Seven Countries
Oil Spread Tightens After Report Shows US Tanks Filling Slower
Oil reversed losses as the pace of stockpile builds at the key U.S. storage hub slowed last week.
May 4, 2020Northeast States Agree to Form Regional Supply Chain for Medical Equipment
Leaders representing seven Northeastern states have partnered to develop a regional supply chain for personal protective equipment, medical gear and testing kits amid the coronavirus pandemic.
May 4, 2020Meatpackers Cautiously Reopen Plants Amid Coronavirus Fears
A South Dakota pork processing plant took its first steps toward reopening May 4 after being shuttered for more than two weeks because of a coronavirus outbreak that infected more than 800 employees.
May 4, 2020US Airlines Tumble After Buffett Abandons Bet on Industry
U.S. airline stocks plummeted May 4 after Warren Buffett dumped his stakes in the four biggest carriers, saying the industry’s prospects had been upended by the coronavirus pandemic.
May 4, 2020U.S. Steel Foreshadows Blue-Collar Pain With 2,700 Layoffs
U.S. Steel Corp. expects to lay off about 2,700 employees as the virus forces the company to idle most of its blast furnaces.
May 1, 2020Manufacturing Falls in April as Virus Ravages Economy
WASHINGTON — U.S. manufacturing retreated again in April, a victim of economic fallout from the coronavirus outbreak.
May 1, 2020Bus Industry Seeks More Recovery Relief
WASHINGTON — Lawmakers allocated $61 billion to airlines, $25 billion to transit and $1 billion for Amtrak in the roughly $2 trillion coronavirus rescue package, but the motorcoach industry, which includes charter buses, private transit buses and passenger buses, said it has been largely ignored.
May 1, 2020SUVs Parked at Sea Reveal Scope of US Auto Market Glut
For the auto industry, which saw U.S. sales plunge almost 40% in March, the coronavirus crisis has left cars gathering dust on dealer lots, dealerships shuttered, auction prices slipping and tens of thousands of workers laid off or furloughed.
May 1, 2020Exxon Profits Drop as Most of World Stays ºÚÁϳԹÏÍø
NEW YORK — Profits fell at ExxonMobil as the global pandemic began to erode oil demand.
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