Business

P&G boosts dividend, says earnings to be released ahead of schedule

Procter & Gamble Co (PG.N) raised its quarterly dividend by 6% on Tuesday and advanced the release of its third-quarter earnings to April 17, saying that it aims to provide shareholders information as quickly and transparently as possible. P&G, which was previously scheduled to release its results on April 21, also said its decision to […]

Business

Global airlines’ estimated coronavirus losses rise to $314 billion: IATA

Estimated global airline losses from the coronavirus pandemic have climbed to $314 billion, 25% more than previously forecast, owing to the severity of the economic downturn and a slower than previously expected reopening of international routes. The latest forecast from the International Air Transport Association (IATA) is up from the $252 billion figure given on […]

Business

In hard-hit Florida, jobless workers struggle to get state aid

With cruise ships idled and airplanes almost empty, Florida travel adviser Nick Pena has been out of work for nearly a month, spending his days trying to secure jobless benefits from a state seemingly unable to provide them. “I can’t tell you the emotional toll, the anxiety of not being able to log in,” said […]

Business

GM begins production of ventilators for U.S. government

General Motors Co said on Tuesday it had started producing ventilators in the volume needed to treat severely ill coronavirus patients and would deliver the first batch of the medical equipment to the U.S. government this month. The U.S. Department of Health and Human Services (HHS) has awarded nine contracts totaling nearly $2.6 billion to […]

Business

General Motors says will make 1.5 million masks a month in Mexico

General Motors Co will begin producing 1.5 million face masks a month at its plant in the Mexican city of Toluca at the end of April, it said on Tuesday, aiming for 9 million masks over six months to help curb the spread of the coronavirus. Some masks will be donated to public hospitals in […]

Business

Virus-hit Princess Cruises to anchor all voyages till end of June

Carnival Corp-owned (CCL.N) Princess Cruises, whose three ships had become hotbeds for coronavirus infections, said on Tuesday it would cancel all voyages until June-end, after a “no sail order” from U.S. health officials. Princess Cruises had previously said it would suspend the voyages of all its 18 ships till May 10, but the U.S. Centers […]

Business

Wall Street jumps as hopes for easing lockdown offset earnings worry

U.S. stocks jumped on Tuesday as optimism that the Trump administration could move to ease lockdowns from the coronavirus outbreak overshadowed worrying earnings reports from JPMorgan and Wells Fargo. White House adviser Larry Kudlow said President Donald Trump would make a number of announcements about reopening the U.S. economy in the next day or two […]