U.S.-Saudi oil alliance idea born at White House, put on back burner for now

By Timothy Gardner WASHINGTON (Reuters) – Top U.S. officials have for now put aside a proposal…

U.S. backs minimum flights on airline routes in assistance review

By David Shepardson WASHINGTON (Reuters) – The U.S. Transportation Department on Tuesday proposed that passenger airlines…

Fed’s Mester says economic data could be ‘very bad’ in first half due to coronavirus

By Jonnelle Marte (Reuters) – Reports measuring U.S. economic activity are likely to be “very bad”…

Some banking systems may need help in worst-case scenario: IMF

By Pete Schroeder and Megan Davies WASHINGTON (Reuters) – Some countries’ banking systems might have to…

Macy’s to drop from S&P 500 to small-cap index

(Reuters) – Macy’s Inc <M.N> will be removed from the benchmark S&P 500 stock index <.SPX>,…

Independent worker group calls for Whole Foods ‘sick out’ over coronavirus

By Hilary Russ NEW YORK (Reuters) – An independent group of workers at Whole Foods Market…

Dow sinks, virus pushes it to sharpest quarterly plunge in over three decades

By Sinéad Carew (Reuters) – Wall Street’s three major indexes tumbled on Tuesday, with the Dow…

Caterpillar says it will not give annual salary increases this year

CHICAGO (Reuters) – Caterpillar Inc <CAT.N> on Tuesday said it will not hand out annual salary…

Germany faces big growth hit in first half, second-half recovery possible: minister

BERLIN (Reuters) – The German economy faces a major setback in the March-May period but there…

Citi postpones 2020 investor day due to coronavirus outbreak

(Reuters) – Citigroup Inc <C.N> said on Tuesday it would postpone its 2020 investor day that…

JetBlue to cut flights in and out of hometown New York by as much as 80%

CHICAGO (Reuters) – JetBlue Airways Corp <JBLU.O> plans to reduce daily flights in and out of…

Tesla plans to supply FDA-approved ventilators free of cost: Musk

(Reuters) – Tesla Inc <TSLA.O> Chief Executive Elon Musk said on Tuesday the company has extra…