Car manufacturing at lowest point since Second World War

The number of cars made in Britain fell to its lowest point since the Second World War during April, down 99.7% compared to the same month last year. Just 152 cars were built for export and 45 for customers in the UK during the month, according to figures from the Society of Motor Manufacturers and Traders (SMMT). Car makers were […]

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Ford halts production at Kansas City plant over coronavirus case

Fox Business Flash top headlines for May 27 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below Ford said it will temporarily halt production for deep cleaning at a Kansas City, Missouri, plant after an employee tested positive […]

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Small businesses at starting gate for round two of the Paycheck Protection Program

Small businesses and bankers: On your marks, get set — and don’t go just yet. At precisely 8:30 a.m., Monday, the U.S. Small Business Administration will fire the starting gun on the second round of loan processing under its Paycheck Protection Program, which has received another $320 billion. “We encourage all approved lenders to process loan applications previously submitted by […]

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AT&T names new CEO as Trump gloats over changes at CNN owner

(Reuters) – Veteran John Stankey will take over as AT&T (T.N) chief executive officer, the company said on Friday, as the U.S. telecommunications and media giant grapples with the impact of the coronavirus outbreak and its late entrance into the global streaming wars. Stankey will take over on July 1 from Randall Stephenson, who said on Friday he will retire […]

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Coronavirus pops up at more meat processing facilities in Illinois, Minnesota, Kansas

Vice President Pence on the federal roadmap to restart the economy Vice President Mike Pence, head of the White House coronavirus task force, joins Chris Wallace on ‘Fox News Sunday.’ Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below All eyes are on meat processing facilities, including the indefinitely closed Smithfield plant […]

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AT&T asks employees to work from home amid virus fears

(Reuters) – U.S. carrier AT&T Inc (T.N) on Friday asked its employees to work from home amid rising fears of the coronavirus, joining a list of tech majors working to curb the spread. “Starting Monday and continuing until further notice, I’m asking that everybody who can get their job done from home … do so,” Chief Executive Randall Stephenson said […]

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‘At a crossroads’: Calls for biotech investment rethink

The chief executive of Sydney-based biotech commercialisation firm The iQ Group Global believes Australia needs an innovation rethink if the country is going to build global health solutions. "I think our nation is at a crossroads now… to actually become an innovative country we need a mindset change, and investors have to move away from bricks and cars and minerals: […]

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At Davos, Kudlow touts huge wage gains among blue-collar workers: ‘Booster rocket to this economy’

Kudlow: Wealth increase among bottom 50% is a ‘booster rocket’ for economy National Economic Council director Larry Kudlow discusses the state of the U.S. economy and President Trump’s trade deals at the World Economic Forum in Davos. Top White House economic adviser Larry Kudlow hailed the major economic gains — including significant wage gains for low-income workers — made under President […]

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