Thursday, 19 March 2020

Daily Investor Update: Remote work during coronavirus outbreak puts millions more on Microsoft Teams, Slack

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Remote work during coronavirus outbreak puts millions more on Microsoft Teams, Slack

Microsoft Corp's Teams chat and conferencing app gained more than 12 million daily users in one week, a 37.5% jump as more people worked from home during the coronavirus outbreak, the company said on Thursday.

Toyota extends North America production shutdown through April 3

Toyota Motor Corp said on Thursday it will extend a planned two-day shutdown of all North American plants through April 3 as the spread of coronavirus continues.

U.S. auto suppliers seek government aid to cope with coronavirus hit

The trade group for U.S. auto parts makers on Thursday asked the government for emergency grants "to keep the doors open," tariff relief and other assistance to cope with mounting pressures from the coronavirus crisis.

Rich nations pump aid into battered economy as coronavirus deaths in Italy overtake China

The world's richest nations poured unprecedented aid into the global economy on Thursday as coronavirus cases ballooned in the new epicenter Europe, with the number of deaths in Italy outstripping those in mainland China, where the virus originated.

Coronavirus patients flood hospitals in Swiss canton next to Italy

The southern Swiss canton of Ticino on the border with Italy is being swamped with coronavirus patients and authorities are battling to find enough intensive care beds, a top public health official said on Thursday.

Exhausted Dutch minister leading coronavirus fight quits

The minister leading the Dutch government's fight against the coronavirus resigned on Thursday, a day after collapsing from exhaustion during a parliamentary debate on the epidemic.

Trump says he would support government taking stake in certain companies

President Donald Trump on Thursday opened the door to a radical shift in the U.S. government's relationship to private industry as the coronavirus outbreak upends the nation's economy, saying he would back the government taking stakes in certain companies.

U.S. to buy initial 30 million bbls of oil for emergency stockpile

The U.S. Department of Energy said on Thursday it will buy up to 30 million barrels of crude oil for the Strategic Petroleum Reserve by the end of June as a first step in fulfilling President Donald Trump's directive to fill the emergency stockpile to help domestic crude producers.

Uber shares soar after CEO says enough cash to ride out coronavirus crisis

Shares of Uber Technologies Inc surged as much as 44% on Thursday after Chief Executive Officer Dara Khosrowshahi said it had plenty of cash on hand to tide over the coronavirus crisis and signaled a recovery in some parts of its business.

Starboard nominates four to eBay's board, wants outsider as CEO

Activist investor Starboard Value is pressuring eBay for the second time in two years and said on Thursday that it plans to install four directors on the e-commerce company's 14-member board.

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