Cummins to cut workers' pay by up to 25%, reduce working hours

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Cummins to cut workers' pay by up to 25%, reduce working hours

Cummins Inc. CMI, +1.81% said Friday that it was cutting pay for all its U.S. workers by 10% to 25%, in response to lower demand and customer shutdowns resulting from the COVID-19 pandemic. The engine maker said it was also reducing working hours for …
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Target to start limiting customer numbers in stores, give staff masks and gloves

Target Corp. on Sunday will start limiting the number of shoppers it allows in its stores to enhance social distancing as the coronavirus continues to spread throughout the nation, the company announced on Thursday. The Minneapolis-based retailer also said …
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Fitch Downgrades GATE's IDR to 'CCC+'; Maintains Rating Watch Evolving

Fitch Ratings – Hong Kong – 03 Apr 2020: Fitch Ratings has downgraded outsourced semiconductor assembly and test (OSAT) operator Global A&T Electronics Ltd’s (GATE) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to ‘CCC+’ …
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Unemployment rises, payrolls tumble in early measure of coronavirus toll

The economy shed 701,000 jobs in March, the Labor Department reported Friday, a sharp reversal in the labor market that captures only the beginning of the sudden and sweeping economic shutdown caused by the coronavirus pandemic.
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VenBio Partners raises $394M fund 'to turn great science into impactful medicine'

VenBio will back biotech companies regardless of stage, therapeutic area or approach, as long as it can exit the investment in three to five years. (venBio). Share Facebook Twitter LinkedIn Email Print. The COVID-19 pandemic may be disrupting clinical trials …
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