An average of 750 workers of Fiat Chrysler Melfi assembly plant in southern Italy will be back to work next week to prepare the facility for the final development of the group's new hybrid cars, a union representative said on Friday. Marco Lomio, of UILM union, said the automaker had informed unions that workers would have to complete cars left unfinished on assembly lines when the plant was shut in mid-March following rules imposed by Rome to stem the coronavirus spread. "We'll start with 500 people on Monday and we'll peak on Wednesday with around 1.000 workers," Lomio said....
Stankey will take over on July 1 from Randall Stephenson, who said on Friday he will retire from the CEO position but will serve as executive chairman of the board until January 2021. The announcement, made during AT&T's virtual annual shareholder meeting, drew a sharp response from U.S. President Donald Trump, who tweeted it was "great news" that Stephenson was leaving. Stankey oversaw WarnerMedia after AT&T's $85 billion purchase of media company Time Warner, as well as the creation of HBO Max, the new streaming service that will launch May 27....
Randall Stephenson, AT&T's current CEO, said Friday he will retire, but will serve as executive chairman of the board until January 2021. The announcement was made during AT&T's virtual annual meeting. Stankey oversaw WarnerMedia after AT&T's $85 billion purchase of media company Time Warner....
The U.S. Federal Reserve announced Friday that banks can now allow account holders to make an unlimited number of withdrawals and transfers from their savings accounts. The Fed said the move would help ensure people can access their funds "at a time when financial events associated with the coronavirus pandemic have made such access more urgent." The Fed said it removed the limit because a recent policy shift had rendered it unnecessary....
Draftkings CEO Jason Robbins joins Yahoo Finance’s Brian Sozzi, Alexis Christoforous, and Dan Roberts to discuss the company’s merger with Diamond Eagle, and the future of sports betting. ...
