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Ford rout worsens on forecast for $5 billion quarterly loss

Bloomberg Ford Motor Co.’s sagging stock fell further after the automaker forecast a more than $5 billion second-quarter operating loss due to the coronavirus pandemic’s blow to the global car industry. The projected deficit — which is about $2 billion worse than some analysts were anticipating — is based on Ford’s expectation for significant volume declines in every region. Ford ...

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Smoke and mirrors of EU budget math may not cut it after virus

Bloomberg When the European Union (EU) presents its plan to rebuild its economy after the coronavirus, it’s likely to include three kinds of funding: taxpayers’ money, borrowed money and theoretical money. Officials in Brussels have a tendency to pad out their flashy headline figures with the theoretical stuff. But investors trying to gauge the strength of the policy response would ...

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Google staff won’t go back to work until June 1

Bloomberg Google employees won’t be back at their offices for at least two more months, and even then any return will be “staggered and incremental,” Chief Executive Officer Sundar Pichai said in an email to his workforce. The bulk of Google’s US employees are based in California’s Bay Area, which just extended several stay-at-home orders through the end of May. ...

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