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June 4, 2020
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Workers return to Mexico’s border factories as auto sector reopens

Reuters
CIUDAD JUAREZ (Reuters) – Tens of thousands of workers lined up before dawn to return to work at automotive factories along Mexico’s northern border on Monday, the first day that industries joined the country’s list of essential activities beginning to reopen. Employees of Flex, a company producing specialized harness products......
Reuters - Business

Pfizer declines about 8% after setback to breast cancer treatment

Reuters
FILE PHOTO: The Pfizer logo is seen at their world headquarters in Manhattan, New York, U.S., August 1, 2016. REUTERS/Andrew Kelly/File Photo (Reuters) – Shares of Pfizer Inc (PFE.N) fell nearly 8% on Monday after an independent data monitoring committee determined the drugmaker’s breast cancer treatment was unlikely to meet......
Reuters - Business

Gilead trades that made millions on COVID-19 drug news raise eyebrows

Reuters
NEW YORK/WASHINGTON (Reuters) – Well-timed trades in Gilead Sciences Inc’s (GILD.O) options ahead of good news on the biopharmaceutical company’s COVID-19 drug treatment may draw regulatory scrutiny, experts said. FILE PHOTO: Gilead Sciences Inc pharmaceutical company is seen after they announced a Phase 3 Trial of the investigational antiviral drug......
Reuters - Business

Workers nervously eye return to Lear’s coronavirus-hit plant in Mexico

Reuters
CIUDAD JUAREZ, Mexico (Reuters) – Lear Corp is implementing costly safety measures that may hurt productivity at its operations in Mexico after suffering the deadliest known factory-related coronavirus outbreak in the Americas, but the U.S. auto parts maker still faces a battle to win back workers’ trust. An employee of......
Reuters - Business

Toyota prepping for gradual re-start in Mexico: spokesman

Reuters
A logo of Toyota is pictured at Bangkok Auto Salon 2019 in Bangkok, Thailand, July 4, 2019. REUTERS/Athit Perawongmetha MEXICO CITY (Reuters) – Toyota Motor Corp’s Mexico unit is in a preparation phase for the gradual re-start of its operations in the states of Baja California and Guanajuato, a spokesman......
Reuters - Business

Lufthansa says Germany approves stabilization package

Reuters
FILE PHOTO: A Lufthansa Airbus A320-200 plane is seen on the tarmac at the Lyon-Saint-Exupery airport in Colombier-Saugnieu near Lyon, France, March 14, 2019. REUTERS/Emmanuel Foudrot/File Photo FRANKFURT (Reuters) – Germany’s new Economic Stabilization Fund (WSF) has approved a 9 billion euro ($9.80 billion) stabilization package for Lufthansa (LHAG.DE), Germany’s......
Reuters - Business

Lufthansa has good prospects for future: German ministries

Reuters
BERLIN (Reuters) – The German Finance and Economy Ministries on Monday said Lufthansa (LHAG.DE) was an operationally healthy company before the coronavirus outbreak, as well as profitable and with good future prospects, but had got into trouble due to the pandemic. “The federal government’s stabilisation package takes account of the......
Reuters - Business

Lufthansa, German government agree on $9.8 billion rescue package: sources

Reuters
FRANKFURT/BERLIN (Reuters) – The German government and the management of flagship carrier Lufthansa (LHAG.DE), which has been hit hard by the coronavirus pandemic, have reached a preliminary deal on a 9 billion euro ($9.8 billion) bailout, two people close to the matter said. FILE PHOTO: Aircraft of the German carrier......
Reuters - Business

Talks on Lufthansa aid not concluded yet: ministry

Reuters
BERLIN (Reuters) – Negotiations on a government bailout for coronavirus-stricken airline Lufthansa (LHAG.DE) are in their last phase but have not been concluded yet, a spokeswoman of the German economy ministry said on Monday. A spokesman of the finance ministry added at the regular news conference that his ministry is......
Reuters - Business

Jaguar seeks state loan as coronavirus pandemic takes toll: Sky News

Reuters
Jaguar Land Rover unveils the new Jaguar F-Type model during its world premiere in Munich, Germany, December 2, 2019. REUTERS/Michaela Rehle (Reuters) – Jaguar Land Rover (TAMO.NS) is in talks with the British government about a request for temporary state funding of more than 1 billion pounds ($1.22 billion), Sky......
Reuters - Business

Large employers push back on U.S. healthcare mergers during coronavirus crisis

Reuters
FILE PHOTO: A worker leaves the Boeing Everett Factory, amid the coronavirus disease (COVID-19) outbreak, in Everett, Washington, U.S. March 23, 2020. REUTERS/David Ryder/File Photo (Reuters) – A group representing some of the largest U.S. employers has asked Congress for a year-long ban on mergers and acquisitions among hospitals and......
Reuters - Business

Organizers cancel 2020 New York auto show

Reuters
FILE PHOTO: A General view of part of the floor at the New York Auto Show being held in the Manhattan borough of New York City, New York, U.S., March 29, 2018. REUTERS/Shannon Stapleton (Reuters) – Organizers said Friday they were canceling the 2020 New York auto show that had......
Reuters - Business

GM delays resumption of second shift at three North American truck plants: source

Reuters
FILE PHOTO: The GM logo is pictured near the General Motors Assembly Plant in Ramos Arizpe, state of Coahuila, Mexico October 7, 2019. REUTERS/Daniel Becerril (Reuters) – General Motors Co (GM.N) is delaying the resumption of second shifts at truck assembly plants in Michigan, Indiana and Mexico because of a......
Reuters - Business

Lear Corp asks some Mexico workers to restart activity on Friday

Reuters
FILE PHOTO: The logo of Lear Corporation, a Michigan-based car seat maker, is pictured at one of their premises closed after some workers have died from respiratory illnesses, during the coronavirus disease (COVID-19) outbreak, in Ciudad Juarez, Mexico April 16, 2020. REUTERS/Jose Luis Gonzalez/File Photo MEXICO CITY (Reuters) – U.S.......
Reuters - Business

Johnson & Johnson to stop selling talc baby powder in U.S. and Canada

Reuters
(Reuters) – Johnson & Johnson on Tuesday announced it would stop selling its talc Baby Powder in the United States and Canada, saying demand had dropped in the wake of what it called “misinformation” about the product’s safety amid a barrage of legal challenges. J&J faces more than 19,000 lawsuits......
Reuters - Business

Rolls Royce could shut some factories with job cuts programme: CEO

Reuters
LONDON (Reuters) – Rolls Royce (RR.L) could close some of its factories as part of a programme to cut 9,000 jobs in response to the crisis in the global aviation industry, its chief executive said on Wednesday. Asked if the job cuts would lead to a closure of factories, Warren......
Reuters - Business

Johnson & Johnson to stop selling talc-based baby powder in U.S. and Canada

Reuters
(Reuters) – Johnson & Johnson on Tuesday announced that it would stop selling its talc-based Johnson’s Baby Powder in the United States and Canada, making the decision after a consumer products “portfolio reassessment related to COVID-19.” The U.S. healthcare conglomerate said it would wind down sales of the product, which......
Reuters - Business

Johnson & Johnson to stop selling talc-based Johnson’s Baby Powder in U.S., Canada

Reuters
FILE PHOTO: Bottles of Johnson’s baby powder are displayed in a store in New York City, U.S., January 22, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – Johnson and Johnson on Tuesday said it would stop selling its talc-based Johnson’s Baby Powder in the United States and Canada as part of a......
Reuters - Business

Coronavirus vaccine from Moderna appears safe, shows promise in data from eight people

Reuters
(Reuters) – Moderna Inc’s (MRNA.O) experimental COVID-19 vaccine, the first to be tested in the United States, produced protective antibodies in a small group of healthy volunteers, according to very early data released by the biotech company on Monday. The data comes from eight people who took part in a......
Reuters - Business

U.S. auto industry returns to life after lockdown

Reuters
WARREN, Michigan (Reuters) – The Detroit Three automakers and their suppliers began restarting assembly lines on Monday after a two-month coronavirus lockdown in a slow revival of a sector that employs nearly 1 million people in the United States. FCA assembly workers arrive for an early morning shift re-opening at......

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