Overall passenger car sales tumbled by more than 50% in Europe's major markets last month, with Italy - hit particularly hard by the pandemic - reporting the biggest drop of 85.4%, according to data from the European Auto Industry Association (ACEA). Daimler reported preliminary adjusted first-quarter earnings before interest and tax (EBIT) of 719 million euros ($777.10 million), a 68.9% fall from a year earlier. Preliminary adjusted EBIT for Mercedes-Benz cars & vans fell more than 56% to 603 million euros....
The biggest oil ETF plunges more than 30% this week amid the coronavirus. Yahoo Finance’s Seana Smith and ETF Trends Director of Research Dave Nadig discuss....
We all know someone who is never satisfied with the way things are — who’s always tinkering, always pushing the envelope, always looking for ways to do things better, like our 2020 Truck Fleet Innovators. ...
(Bloomberg) -- First, it was just one plant shutting down. But now, it’s at least seven major U.S. meat facilities that have seen halts in the space of just a few weeks, and all those voices assuring Americans that supplies would be fine now sound like a chorus of concern over shortages.Tyson Foods Inc. early on Wednesday said it was idling its largest pork plant, which is based in Iowa. Less than 10 hours later, the company said it was shuttering another pork facility in Indiana. That adds to a string of other closures.Currently, about 18% of hog-slaughtering capacity is completely off line, and there are also additional slowdowns at pork, beef and poultry companies across the nation.“When a facility closes, the availability of protein for consumers across the nation will only decrease,” said Steve Stouffer, head of Tyson Fresh Meats. “Consumers will see an impact at the grocery store as...
In a complaint filed in Chicago federal court, ALAFCO Aviation Lease and Finance Co accused Boeing of breach of contract for keeping the payments despite being unable to deliver the planes or provide a revised delivery schedule. ALAFCO said it canceled its order on March 6 after Boeing failed to deliver nine aircraft on time. It said Boeing has resisted its claim that the problems amounted to a "non-excusable delay" that would justify repayment....
Investors awaited Thursday’s initial unemployment claims report and considered the historic levels of volatility in crude oil prices this week, which at least temporarily stabilized....
