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BMW’s hopes for growth crushed by coronavirus

Bloomberg BMW AG abandoned hopes for another record year in sales due to the coronavirus outbreak, predicting deliveries in 2020 will be “significantly below” last year’s levels and profitability at its weakest for years. The maker of the 7 Series luxury sedan announced shorter shifts and flexible working for employees. It didn’t provide details on any plant closures that have ...

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Hospital workers in US make masks from office supplies

Bloomberg Hospital workers in Washington state have been making protective medical gear out of office supplies and other run-of-the-mill materials as they deal with a severe shortage of equipment needed to care for patients who may have Covid-19. Among the supplies coming in handy: clear vinyl sheets. “We are very close to being out of face shields,” said Becca Bartles, ...

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Facebook to pay workers $1,000 bonus

Bloomberg Facebook Inc. is paying all of its 45,000 employees an extra $1,000 to help manage expenses during the Covid-19 outbreak. Chief Executive Officer Mark Zuckerberg announced the decision in a memo to workers, earlier reported by The Information. The bonus applies to the social network’s full-time employees, who as of now can’t come into the office for health and ...

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