The number of Americans applying for first-time unemployment benefits increased sharply as job cuts expanded across the U.S. economy. (WSJ)
Amazon temporarily closed a delivery center in Queens, N.Y., after a worker tested positive for Covid-19. (WSJ)
United Parcel Service will provide unionized workers up to 10 days of paid leave if they are directly affected by the coronavirus. (WSJ)
Depressed U.S. oil prices rebounded with their largest one-day percentage gain on record.
U.S. crude producers are maintaining robust production despite low oil prices. (WSJ)
Volkswagen is temporarily shutting operations at its manufacturing plant in Chattanooga, Tenn. (WSJ)
Tesla will suspend production at its lone U.S. plant. (WSJ)
Ford suspended its dividend and withdrew its guidance for the year. (WSJ)
Oil-field services company Tri-Point Oil & Gas filed for bankruptcy protection. (WSJ)
U.K. retailer Laura Ashley Holdings plans to appoint administrators as it doesn’t expect to be able to cover its funding requirements. (WSJ)
Apparel retailers including H&M and Zara have halted production after shuttering stores. (Sourcing Journal)
Shopping mall operator Simon Property Group is closing all its retail sites through March 29. (Retail Dive)
Moody’s says the coronavirus pandemic could cut container shipping lines’ earnings by up to 10% this year. (ShippingWatch)
Cosco Shipping Energy Transportation raised about $721 million in a private share offer to finance new ship orders. (Lloyd’s List)
The U.S. sanctioned several small Chinese shipping firms for taking part in Iran’s export of petrochemicals. (Splash 247)
Travel restrictions within the European Union are triggering bottlenecks for truckers moving across the bloc’s borders. (Journal of Commerce)
Regional passenger carrier Compass Airlines is shutting down. (CNBC)
Amazon acquired the former Lord & Taylor flagship building in Manhattan for its New York City base. (New York Post)
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