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Updated: 8 min 8 sec ago

How one Silicon Valley factory keeps running in the age of coronavirus

4 hours 44 min ago
The managers at Green Circuits — a small Silicon Valley electronics factory — thought they would have to close when the San Francisco Bay Area directed non-essential businesses to shut almost three weeks ago.

United slashes New York-area flights due to coronavirus

Sat, 04/04/2020 - 10:23pm
United Airlines said late Saturday it will drastically reduce flights to two New York City airports amid the coronavirus outbreak.

Trump threatens tariffs on oil imports to 'protect' U.S. energy workers

Sat, 04/04/2020 - 8:01pm
U.S. President Donald Trump said on Saturday he would impose tariffs on crude imports if he has to "protect" U.S. energy workers from the oil price crash that has been exacerbated by a war between Russia and Saudi Arabia over market share.

Trump says if he has to put tariffs on oil imports to protect energy workers he will

Sat, 04/04/2020 - 5:50pm
President Donald Trump said on Saturday he would put tariffs on imports of crude oil or take other measures if he has to protect energy workers from the oil price crash.

Single passenger flights: The daily woes of airlines, and the crew still working

Sat, 04/04/2020 - 4:22pm
When Reuters photographer Carlos Barria boarded American Airlines flight 4511 from Washington Reagan National Airport to New Orleans on Friday for an assignment, he was the only passenger on the 76-seat jet.

Capital One says it won't use CFTC waiver related to oil lending

Sat, 04/04/2020 - 4:01pm
U.S. lender Capital One Financial Corp said on Saturday it would not use a U.S. Commodity Futures Trading Commission (CFTC) waiver after commodity price volatility lifted the bank's derivatives exposure toward a key regulatory threshold.

Exclusive: Amazon in contact with coronavirus test makers for potential screenings on employees

Sat, 04/04/2020 - 12:30pm
Amazon.com Inc has been in contact with the CEOs of two coronavirus test makers as it considers how to screen its staff and reduce the risk of infection at its warehouses, according to internal meeting notes seen by Reuters.

Mexican president calls on Russia, Saudi Arabia to end oil price war

Sat, 04/04/2020 - 11:43am
Mexican President Andres Manuel Lopez Obrador on Saturday called on Russia and Saudi Arabia to reach a deal soon and end their oil price war to avoid deepening the oil price crisis.

Trump says will ask Congress for more small business funds if money runs out

Sat, 04/04/2020 - 11:37am
U.S. President Donald Trump said on Saturday he would ask Congress for more money to make loans to small businesses struggling with the economic fallout from the coronavirus outbreak if the original $349 billion allocated in a fiscal stimulus bill runs out.

OPEC+ meeting delayed as Saudi Arabia and Russia row over oil price collapse: sources

Sat, 04/04/2020 - 11:02am
OPEC and Russia have postponed a meeting due on Monday to discuss oil output cuts until April 9, OPEC sources said on Saturday, as a row between Moscow and Saudi Arabia over who is to blame for plunging crude prices intensified.

OPEC+ meeting delayed as Saudi Arabia and Russia row over price collapse

Sat, 04/04/2020 - 7:58am
OPEC and Russia have postponed a meeting planned for Monday until later next week, OPEC sources said on Saturday, as a row intensified between Moscow and Saudi Arabia over who is to blame for plunging oil prices.

How the coronavirus job cuts played out by sector and demographics

Sat, 04/04/2020 - 7:21am
The job losses suffered in March as the U.S. economy shut down in the face of the novel coronavirus pandemic were widespread but still were disproportionately felt in a handful of employment sectors and by women, the young and the less educated.

Exclusive: Amazon in contact with coronavirus test makers as it plans pandemic response

Sat, 04/04/2020 - 7:09am
Amazon.com Inc has been in contact with the CEOs of two coronavirus test makers as it considers how to screen its staff and reduce the risk of infection at its warehouses, according to internal meeting notes seen by Reuters.

Tesla cuts contractors from California, Nevada factories: CNBC

Fri, 04/03/2020 - 11:19pm
Tesla Inc is cutting contractors from its U.S. car and battery plants, CNBC reported on Friday, citing workers and a contract staffing agency.

Saudi energy minister rejects Russian comments about kingdom's withdrawal from OPEC+ deal

Fri, 04/03/2020 - 9:12pm
The Saudi energy minister on Saturday rejected Russia's remarks that the kingdom withdrew last month from a deal to cut output.

Saudi Arabia denies withdrawing from OPEC+ deal, says Russia was the one that withdrew

Fri, 04/03/2020 - 9:07pm
The Saudi foreign minister said early on Saturday that a statement attributed to Russia's President Vladimir Putin about the kingdom's withdrawal from the OPEC+ deal is not correct, and that Russia is the one that withdrew, state agency (SPA) reported.

U.S. airlines apply for U.S. payroll help but terms still unclear

Fri, 04/03/2020 - 8:47pm
Major U.S. airlines applied on Friday for payroll grants from the U.S. Treasury meant to keep workers employed during a sharp downturn from the coronavirus, though the terms of any aid were still unclear and some warned that funds would not be enough to help them through their toughest crisis ever.

Trump invokes Defense Production Act to stop export of masks

Fri, 04/03/2020 - 8:43pm
U.S. President Donald Trump on Friday signed an order directing his administration to stop N-95 face masks and other personal protective equipment needed in the fight against the coronavirus pandemic from being exported to other countries.

Berkshire Hathaway sells part of Delta, Southwest airline stakes

Fri, 04/03/2020 - 8:07pm
Warren Buffett's Berkshire Hathaway Inc said on Friday it sold about 18% of its stake in Delta Air Lines Inc and 4% of its holdings in Southwest Airlines Co this week, as the coronavirus pandemic drives the airline industry into perhaps its biggest crisis ever.

GM reduces loan refinancing target, may pay up for new debt

Fri, 04/03/2020 - 7:50pm
NEW YORK (LPC) - General Motors Co (GM) will seek to extend maturities on US$6bn in revolving loans rather than refinance a US$16.5bn credit facility following discussions with its bank group during an unprecedented health crisis in the US.

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