Tesla Cuts Salaries, Furloughs Workers Amid Coronavirus Crisis

The electric-car maker is furloughing workers and cutting salaried employees' pay more than two weeks after it was forced to shut down production of its lone U.S. car-assembly plant.

 
McDonald's Warns Of Difficult Decisions Ahead

The hamburger chain said sales for its existing base of restaurants globally fell 22% last month as the coronavirus spread and economies around the world shut down.

 
Fed Eases Wells Fargo's Asset Cap to Lend to Small Businesses Harmed by Coronavirus

The Federal Reserve said it would temporarily ease its asset cap on Wells Fargo to encourage the bank to lend to small businesses harmed by the outbreak of coronavirus.

 
Container Ship Operators Idle Ships in Droves on Falling Trade Demand

Container ship operators have idled a record 13% of their capacity over the past month as carriers at the foundation of global supply chains buckle down while restrictions under the coronavirus pandemic batter trade demand.

 
GM to Make 30,000 Ventilators for National Stockpile

The car maker is making 30,000 ventilators for the national stockpile in a $489.4 million contract with the Department of Health and Human Services, as surging coronavirus cases have tested medical capacities across the U.S.

 
Instagram Draws Surge in Offers of Masks With Potential Risks

Thousands of accounts are hawking medical face masks that could be fraudulent, according to a research report, a sign that Facebook is struggling to prevent users from taking advantage of the pandemic.

 
CFOs Look to Ramp Up Automation Investments Amid Pandemic

Finance chiefs are considering hastening investments in automation initiatives to better manage their companies' finances and operations despite facing revenue declines stemming from the coronavirus pandemic.

 
Digital-Media Upstarts Cut Costs as Coronavirus Wipes Out Advertising

Many digital-media companies began 2020 predicting this would be the year they would cross the goal line of profitability. Then the new coronavirus struck.

 
Some Retail Chains Fight for Survival

With debt payments looming and access to loans uncertain during the coronavirus crisis, retailers are running out of time.

 
Physician Practice Managers Brace for Impact of Coronavirus Slowdown

Private-equity firms poured billions of dollars into physician practice management companies in recent years. But as the coronavirus pandemic continues, many of those providers face declining patient visits, if not outright closures, putting even more pressure on their often debt-laden balance sheets.

(END) Dow Jones Newswires

April 08, 2020 13:15 ET (17:15 GMT)

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