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Roehl Transport is one company that’s hiring, even as nationwide unemployment claims top 16 million due to COVID-19 pandemic-related business closures, layoffs and furloughs. ...
Millions of restaurants and food-services around the world closed due to the coronavirus pandemic. Nikki Fried, Florida Commissioner of Agriculture and Consumer Services joins Yahoo Finance’s On The Move panel to address how she is helping direct farmers and producers together during this crisis. ...
The company said its board also approved a reverse stock split of 1:12 to boost its share price above $1, the minimum required to maintain a listing on the New York Stock Exchange. Aurora's U.S.-listed shares were last trading below 80 cents. Edmonton, Alberta-based Aurora said on Monday it had about C$205 million ($146.8 million) cash as of March 31, including all the money it raised under the original at-the-market offering announced in May 2019....
(Bloomberg) -- Ford Motor Co. is considering additional financing actions as a global pandemic heaps more pressure onto earnings that already were slumping before the coronavirus forced plant and showroom closures around the globe.The carmaker said Monday it’s expecting to report a loss later this month and that it had roughly $30 billion in cash on its balance sheet as of April 9. The comments suggest the company has used about $8 billion since the end of last year, Joel Levington a Bloomberg Intelligence credit analyst, wrote in a report.Chief Executive Officer Jim Hackett already has suspended the dividend prized by Ford’s founding family and drew $15.4 billion from two credit lines last month to help weather months of uncertainty over when it can resume manufacturing and selling vehicles. The automaker may now stockpile even more cash to get through the crisis.“We continue to opportunistically assess all funding options to further...
(Bloomberg) -- The auto industry -- already fretting lengthy factory shutdowns and depressed new-vehicle demand -- is starting to sound the alarm about a potential used-car price collapse that could have far-reaching consequences for manufacturers, lenders and rental companies.Used-vehicle auctions are for now virtually paralyzed, much like the rest of the economy. The grave concern market watchers have is that vehicles already are starting to pile up at places where buyers and sellers make and take bids on cars and trucks -- and that this imbalance will last for months.If that fear is realized and prices plummet, it will be detrimental to automakers and their in-house lending units, which likely will have to write down the value of lease contracts that had assumed vehicles would retain greater value. Rental-car companies also will get less money from selling down their fleet of vehicles, which are sitting idle amid a global pandemic that’s...
As the number of COVID-19 cases continues to rise, President Trump retweeted a threat to fire Dr. Anthony Fauci. Yahoo Finance’s Jessica Smith joins the On The Move panel to discuss....
