Wall Street ends higher to stem coronavirus sell-off

NEW YORK (Reuters) – U.S. stocks managed to post gains on Thursday after recent steep losses as policymakers around the world took further emergency actions to try to help financial markets cope with deep coronavirus-driven economic damage. Nasdaq outperformed other major indexes, ending 2.3% higher, fueled by gains in Amazon.com…

ASIRT deems Edmonton police officer’s actions in 2017 shooting lawful

An ASIRT investigation into an Edmonton police officer who shot a 34-year-old man in 2017 came to a conclusion Thursday. Almost three years later, ASIRT has deemed the actions of the police officer lawful. The statement released by ASIRT on Thursday said that between March 25 and 27, 2017, police…

Boeing eyes production pause as virus spreads: sources

SEATTLE (Reuters) – Boeing Co is leaning toward a temporary work stoppage at its twin-aisle jetliner factories due to the spread of coronavirus, people familiar with the matter said on Thursday, echoing a similar move by European rival Airbus SE. The U.S. planemaker has not made a final decision on…

U.S. airlines double down on request for cash as senate leader touts 'loans'

WASHINGTON (Reuters) – Major U.S. airlines on Thursday doubled down on a request for government cash grants even as Senate Majority Leader Mitch McConnell suggested assistance would be in the form of loans. “The current economic environment is simply not sustainable,” Airlines for America and a group of unions wrote…

Ford hoards cash, withdraws profit forecast amid coronavirus outbreak

DETROIT (Reuters) – Ford Motor Co (F.N) on Thursday moved to hoard cash on its balance sheet, drawing down $15.4 billion from two credit lines and suspending its dividend, in a move to bolster reserves to ride out damage to its business from the coronavirus pandemic. The No. 2 U.S….

Wall Street ends higher to stem coronavirus selloff

NEW YORK (Reuters) – U.S. stocks managed to post gains on Thursday after recent steep losses as policymakers around the world took further emergency actions to try to help financial markets cope with deep coronavirus-driven economic damage. The Dow Jones Industrial Average .DJI rose 189.63 points, or 0.95%, to 20,088.55,…