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Ford suspends dividend, borrows to weather virus downturn

Ford suspends dividend, borrows to weather virus downturn

DETROIT — Ford is suspending its dividend to preserve cash as vehicles sales fade due to the coronavirus outbreak. The company said it's drawing on two credit lines to put another $15.4 billion in cash on its balance sheet.

A list of known scams related to COVID-19, from Canadian Anti-Fraud Centre

TORONTO — The Canadian Anti-Fraud Centre has updated its list of known COVID-19-related scams.
Thomson Reuters acquires tech company Pondera Solutions, terms not disclosed

Thomson Reuters acquires tech company Pondera Solutions, terms not disclosed

TORONTO — Thomson Reuters says it has acquired Pondera Solutions, a technology company focused on detecting improper payments in health plans and government programs. Financial terms of the agreement were not immediately available.
Treasury proposal: Deliver $500B to Americans starting April

Treasury proposal: Deliver $500B to Americans starting April

WASHINGTON — By a sweeping bipartisan tally, the Senate on Wednesday approved a $100 billion-plus bill to boost testing for the coronavirus and guarantee paid sick leave for millions of workers hit by it — and President Donald Trump quickly signed it
Porter, Transat move to suspend all flights as border closes to contain COVID-19

Porter, Transat move to suspend all flights as border closes to contain COVID-19

MONTREAL — Porter Airlines has joined Transat AT Inc. in moving to suspend all flights while Air Canada is suspending most of its international and U.S. transborder flights in response to governments closing the border.
Trump invokes emergency authority; Big 3 automakers closing

Trump invokes emergency authority; Big 3 automakers closing

MINNEAPOLIS — President Donald Trump on Wednesday invoked emergency authority to marshal industry to fight the coronavirus, as the economic fallout from the crisis mounted with word that nearly the entire U.S.
Europe's central bank launches new program to calm markets

Europe's central bank launches new program to calm markets

FRANKFURT — The European Central Bank is launching a new, expanded program to buy financial assets in a bid to calm markets as monetary authorities struggle to counter the devastation the virus outbreak is wreaking on the global economy.

Book sales fall as impact of coronavirus increases

NEW YORK — The number of physical books sold dropped 10 per cent from the previous week, the latest sign of the effect of the coronavirus on the publishing industry.

Securities regulators giving relief from some corporate filings due to COVID-19

TORONTO — Canadian securities regulators say they are providing temporary relief from some required filings due to COVID-19.
Hurricanes and floods have prepared Alimentation Couche-Tard for COVID-19: CEO

Hurricanes and floods have prepared Alimentation Couche-Tard for COVID-19: CEO

Alimentation Couche-Tard Inc. says its experience adjusting to hurricanes and floods positions it well to meet the challenges from COVID-19.