Global CEOs see U-shaped recession due to coronavirus: survey

SINGAPORE (Reuters) – Global business leaders are preparing for a drawn-out U-shaped recession due to the impact of coronavirus and many fear their companies won’t survive the pandemic, a survey of thousands of chief executives showed on Wednesday. The pandemic

United Airlines announces stock offering, shares slip

(Reuters) – United Airlines Holdings Inc (UAL.O) on Tuesday announced a stock offering of 39.25 million shares, sending its shares down 3% in extended trading. The company intends to use the proceeds from the offering towards general corporate purposes, it

Wall Street tumbles as oil crash stirs pandemic fears

(Reuters) – Wall Street tumbled for a second straight day on Tuesday as a collapse in U.S. oil prices and glum forecasts by companies worsened fears of a deep economic downturn. All 11 S&P 500 sector indexes fell 1.6% or

GM folds Maven car-sharing unit, citing coronavirus

(Reuters) – General Motors Co (GM.N) said on Tuesday it is shutting down its Maven car-sharing unit, after suspending operations because of the novel coronavirus. The automaker said it would transfer Maven assets and resources to its Global Innovation group.

Oil crash slams stocks, dollar gains as risk sentiment rolls over

LONDON (Reuters) – Global stocks fell on Tuesday, a day after U.S. crude oil prices turned negative for the first time ever, as dismal corporate earnings underlined worries about economic damage from the coronavirus pandemic. The dollar rose against a

Futures slide as U.S. crude crashes below zero

(Reuters) – U.S. stock index futures resumed their slide on Tuesday as gloomy quarterly earnings reports and a historic plunge in U.S. crude prices to below zero raised the specter of a deep global recession in the coming months. Wall