The United States said there was "no valid basis" for the European Union to retaliate against U.S. goods in a long-running subsidy row after Boeing lost state tax breaks, but the EU said it was pressing ahead with its demand for tariffs.
JetBlue Airways Corp on Thursday posted a $268 million quarterly loss due to the impact of the coronavirus pandemic on air travel and said it had revised its order book with Airbus SE to reduce its aircraft capital expenditures by $1.1 billion through 2022.
Air France-KLM is opening talks with its French unions on workforce cuts, Chief Executive Ben Smith told Reuters, as the airline group warned of mounting losses with no clear end in sight to the coronavirus crisis.
Samsung Group heir Jay Y. Lee's vow to end dynastic succession at South Korea's biggest conglomerate following three generations of Lee family control sparked skepticism on Thursday.
The U.S. government is sending millions of $1,200 checks out to Americans, some of whom have passed away. Now, the IRS has released instructions for how families of the deceased can return that money.
Millions more Americans sought unemployment benefits last week, suggesting layoffs broadened from consumer-facing industries to other segments of the economy and could remain elevated even as many parts of the country start to reopen.
A growing number of schools are freezing tuition in hopes of attracting more students and families now struggling with the weight of a college tab.
The "Shark Tank" investor also tried to look at the bright side: "So 80% are going to make it, in my view. That means it was a great investment."
JetBlue Airways Corp on Thursday posted a $268 million quarterly loss as the coronavirus pandemic hurt air travel demand, and revised its order book with Airbus SE to save $1.1 billion in aircraft spending through 2022.
GlaxoSmithKline has sold its stake in Unilever's Indian business for $3.4 billion, marking India's largest block trade, which will help the British company in its goal of reinvigorating its drug development pipeline.
Kohl's Corp said on Thursday it plans to reopen a quarter of its stores by next week, as retailers start to get business going again in states where coronavirus-induced lockdown restrictions have eased.
Millions more Americans sought unemployment benefits last week, suggesting layoffs broadened from consumer-facing industries to other segments of the economy and could remain elevated even as many parts of the country start to reopen.
Lufthansa on Thursday said it is negotiating a 9 billion euro ($9.71 billion) "stabilisation package" with Germany's Federal Economic Stabilization Fund, confirming an earlier Reuters report.
Consumer demand for cars could begin to recover this month in the United States after steep declines due to the coronavirus pandemic, but the hard-hit travel and dining industries will likely continue to face difficult times, according to a major U.S. advertising agency.
U.S. stocks jumped at the open on Wednesday after a surprise rise in Chinese exports and a surge in oil prices spurred hopes of a faster economic recovery, taking the sting off another gloomy weekly jobless claims report.