Friday, 13 March 2020

Buffett's Berkshire says former AmEx CEO Chenault nominated to board, replacing Bill Gates

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Buffett's Berkshire says former AmEx CEO Chenault nominated to board, replacing Bill Gates

Warren Buffett's Berkshire Hathaway Inc said on Friday that Kenneth Chenault, who spent 17 years as chief executive of American Express Co , is being nominated to its board of directors.

Stocks stage furious rally late after national emergency declared

Wall Street staged a furious rally in the waning moments of the session on Friday after U.S. President Donald Trump declared a national emergency to combat the rapidly spreading coronavirus, although major averages still suffered sharp losses for the week.

FAA probing potential structural problem with older 737 aircraft: WSJ

U.S. aviation safety regulator is investigating a possible structural problem with Boeing Co's older 737 aircraft following an in-flight incident that caused a 12-inch rupture in the aluminum skin of a Southwest Airlines jet, the Wall Street Journal reported on Friday.

Trump declares U.S. emergency as coronavirus chaos spreads

President Donald Trump declared a U.S. national emergency over the quickly spreading coronavirus on Friday, opening the door to more federal aid to combat a disease that has infected 138,000 people worldwide and left more than 5,000 dead.

Alphabet shares surge 9% after Trump praises Google for coronavirus website

Shares of Google parent Alphabet Inc closed up more than 9% after U.S. President Donald Trump said on Friday the search giant would create a website to help determine whether individuals need a coronavirus test or not.

Kosovo confirms first coronavirus cases, an Italian and a Kosovar

Kosovo reported its first coronavirus cases on Friday, in a 20-year-old Italian woman and a 77-year-old Kosovar man.

GM, Ford to have white-collar employees work remotely starting Monday

U.S. automakers General Motors Co and Ford Motor Co said on Friday they will have most of their white-collar workforce working remotely as of Monday to protect against the spread of the coronavirus.

Americans rush to stock up on essentials as coronavirus spreads

American shoppers stood in long lines outside grocery stores on Friday, waiting to buy essentials like toilet paper, pasta, and bottled water, as a worsening coronavirus crisis stoked fears of shortages across the United States.

How the longest bull run in history ended in pandemic panic

As a collapse in the oil price unleashed chaos in financial markets, Madrid money manager Diego Parrilla phoned a colleague who agreed: they had better head to work early in the morning.

Exclusive: U.S. Fed, banks discuss possible leniency on liquidity threshold to aid lending - sources

The U.S. Federal Reserve is talking with lenders about potentially going easy on them if they deplete their liquidity reserves while trying to support customers hurt by coronavirus disruption, according to three people with knowledge of the discussions.

China's coronavirus epicenter reports just five cases; Beijing tomb-sweepers urged to stay back

The Chinese city of Wuhan, ground zero of the coronavirus outbreak, reported just five new cases on Friday, the second day in a row the tally has been less than 10, while no locally transmitted infections were reported in the rest of the country.

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