Des Moines Public Schools will finish the academic year with online classes
Des Moines Register: Des Moines Public Schools announced today that the district will finish the academic year with online classes. After closing its facilities on March 13, the district has decided not to return to in-person classes. Superintendent Thomas Ahart said in a statement that he does not believe returning shortly after the coronavirus’ projected peak in mid-April is “in the best interest of the health of our students, staff and community.”

Some Winnebago employees will return to work beginning next week
Des Moines Register: Workers will return to some Winnebago Industries factories next week. The Forest City-based company halted production of its recreational vehicles and boats on March 23, citing the spread of the coronavirus. In a news release today, Winnebago said employees will resume production of the company’s Chris-Craft powerboats in Sarasota, Fla., and some specialty vehicles in Forest City on Monday. Production of Winnebago motor homes at its Lake Mills, Forest City, Waverly and Charles City plants will resume the week of May 4.

Arconic cutting 10% of salaried workforce, instituting pay cuts
Quad-City Times: Citing a need to mitigate the impacts of the coronavirus pandemic, Arconic is making widespread cuts to save $200 million. The company announced today that its board of directors approved actions to reduce operating costs by $150 million and capital spending by $50 million. A restructuring of the salaried workforce is to result in a 10% reduction, but it was not clear how the cuts would directly affect employees at the Davenport Works plant in eastern Iowa.

Fed modifying Wells Fargo asset cap so bank can make more small-business loans
Reuters: The Federal Reserve said today that it would “temporarily and narrowly” modify the growth restriction on Wells Fargo & Co.’s asset cap so the bank can make more loans under government assistance programs for small businesses hurt by the coronavirus disruption. Wells Fargo, a major small business lender, said Sunday that it had hit the $10 billion cap on loan applications.

– Broadway will remain closed at least until June, and probably longer (New York Times)
– Wall Street climbs on hopeful coronavirus signs, health care lift (Reuters)