GE to Furlough Thousands of U.S. Aviation Workers Due to Air Travel Slump 
 

General Electric Co. is furloughing half of the U.S. manufacturing workers in its jet-engine business for four weeks, citing growing pressure on the global aviation industry from the coronavirus pandemic.

 
Google Offers User Location Data to Health Officials Tackling Coronavirus 
 

Google will help public health officials use its vast storage of data to track people's movements amid the coronavirus pandemic, in what the company called an effort to assist in "unprecedented times."

 
European Corporate Roundup: BNP Paribas, Santander Cancel Dividends 
 

BNP Paribas and Banco Santander became the latest in a long line of European lenders to cancel their dividends following a recommendation from the ECB.

 
Disney to Furlough Employees Across All U.S. Divisions 
 

Walt Disney Co. is furloughing employees across all divisions in its domestic operations, as the world's largest entertainment company struggles with continued fallout from the spread of the novel coronavirus.

 
China's New Coronavirus Policies Disrupt U.S. Air Cargo Operations 
 

China's new coronavirus policies roiled the operations of FedEx and UPS, rattling flight crews, disrupting cargo shipments and prompting appeals from the carriers to top U.S. officials to stave off supply-chain disruptions amid the pandemic.

 
Industrial Suppliers Under Pressure As Coronavirus-Driven Demand Surges 
 

Manufacturers and distributors of masks, gloves and sanitary supplies say they're making difficult choices about where to ship limited inventories as unprecedented demand stemming from the coronavirus pandemic overwhelms their supply chains.

 
U.K. Regulator Fines KPMG, Partner for Audit Failures 
 

A U.K. regulator reprimanded and fined KPMG and one of its former partners for a lack of "professional skepticism" and a failure to obtain sufficient verification to do an accurate audit.

 
Tesla Doesn't Change Growth Goal Despite Coronavirus Uncertainty 
 

Tesla said first-quarter deliveries of its electric vehicles rose 40% compared with a year ago while not addressing how the coronavirus pandemic might hurt future sales.

 
Pier 1 Imports Will Temporarily Stop Paying Rent, Other Bills Amid Coronavirus Crisis 
 

Pier 1 Imports will temporarily stop paying rent and delay making other payments as the home-goods retailer tries to keep costs low and preserve liquidity in the midst of the coronavirus pandemic, the latest company in bankruptcy to win relief from paying its bills.

 
Bankruptcy Lawyers Gear Up for Surge in Filings Due to Coronavirus 
 

Lawyers and advisers who work on the largest corporate bankruptcies in the U.S. say they expect a deluge of debt restructurings and chapter 11 filings due to the massive disruption caused by the novel coronavirus.

(END) Dow Jones Newswires

April 03, 2020 03:15 ET (07:15 GMT)