As virus threatens, U.S. embraces big government, for now
WASHINGTON, March 28 (Reuters) - It may, as House Majority Leader and Maryland Democrat Steny Hoyer said on Friday, be out of love that the United States agreed to shut down much of its economy to stop a viral epidemic and save lives.
Pence says virus taskforce soon to deliver recommendation on whether to re-open economy
(Reuters) - Vice President Mike Pence, heading the Trump administration's response to the coronavirus outbreak, said on Saturday that he would deliver a recommendation to the president on whether to re-open the U.S. economy in the coming week.
Detroit auto show canceled due to coronavirus
WASHINGTON (Reuters) - Organizers canceled the Detroit auto show on Saturday citing the coronavirus pandemic, with the Federal Emergency Management Agency set to tap the convention center venue into a temporary field hospital.
Ackman says Pershing Square no longer has hedges on stocks
(Reuters) - William Ackman's Pershing Square Capital Management no longer has hedges on its stock portfolio, but still has some cash to invest if equities decline further as the United States battles the coronavirus outbreak, the billionaire investor said on Saturday.
Worldâs largest glove maker sees shortage as coronavirus fight spikes
KUALA LUMPUR (Reuters) - Malaysiaâs Top Glove Corporation Bhd
, which makes one in every five gloves globally, expects a product shortage as demand from Europe and the United States spikes because of the widening coronavirus outbreak is exceeding its capacity.
UK companies were worried about outlook even before lockdown: CBI
LONDON (Reuters) - British companies in key sectors were already bracing for the biggest hit to business since 2009 even before last week's shutdown of the much of the economy as the government moved to slow the spread of coronavirus, an employers' group said.
Italy PM adopts new measures to help coronavirus-hit economy
ROME (Reuters) - Italian Prime Minister Giuseppe Conte said on Saturday he had approved a new package of measures to help those worst hit by the coronavirus emergency, including supplying shopping vouchers and food packages.
UK to help stricken businesses by easing regulation
LONDON (Reuters) - Britain will ease regulations for stricken businesses to help them survive the coronavirus crisis, including simplifying the insolvency system to keep companies trading, Business Secretary Alok Sharma said on Saturday.
Fed action pushes top-rated U.S. corporate bond issuance to record
NEW YORK (Reuters) - U.S. companies raised a record $109.1 billion through investment-grade bond sales this week, as corporate America hoarded cash following measures unveiled on Monday by the Federal Reserve to backstop the market for high-quality debt.
Treasury: U.S. will be 'compensated' for assistance to airlines
WASHINGTON (Reuters) - U.S. Treasury Secretary Steve Mnuchin said on Friday that taxpayers will "compensated" for providing up to $25 billion in direct grants to the airline industry.