From FedEx to GM, firms halt operations as freeze grips parts of United States

© Reuters. A Federal Express truck on delivery is pictured in downtown Los Angeles By Ankit Ajmera and Shreyasee Raj (Reuters) – Many U.S companies, including FedEx (NYSE:) and General Motors (NYSE:), were forced to temporarily shut operations on Tuesday as a bone-chilling winter storm caused power outages and gas shortages in parts of the […]

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Ford to close Brazil manufacturing operations, take $4.1 billion in charges

2/2 © Reuters. FILE PHOTO: Ford Motor Co’s logo pictured in 2019 2/2 By Ben Klayman and Alberto Alerigi DETROIT/SAO PAULO (Reuters) – Ford Motor (NYSE:) Co said on Monday it will close its three plants in Brazil this year and take pretax charges of about $ 4.1 billion as the COVID-19 pandemic amplified the […]

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Hong Kong national security laws shouldn’t harm banks’ operations, regulator says

© Reuters. Ashley Ian Alder, Chief Executive Officer of Securities and Futures Commission and Chairman of the Board of International Organization of Securities Commissions, attends the Asian Financial Forum in Hong Kong By Scott Murdoch HONG KONG (Reuters) – Hong Kong’s capital markets regulator sought on Sunday to reassure global banks in the city that […]

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Honda furloughs U.S. workers until May 1 as coronavirus suspends operations

© Reuters. Honda Motor Co’s Acura NSX luxury sports cars are seen in assemble line at the company’s Performance Manufacturing Center in Marysville TOKYO (Reuters) – Honda Motor Co (T:) on Tuesday said that it had furloughed workers at its U.S. plants which will be closed until May 1 as demand for cars in the […]

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