Europe's biggest travel company, TUI Group , said it has struck a deal with Boeing for compensation and deferred deliveries of the grounded 737 MAX jet, boosting its finances as it seeks to survive the coronavirus pandemic.
Coronavirus lockdowns across the nation and overseas have put many U.S. military families in a tough spot when it comes to housing, with "stop-movement" orders leaving service members scheduled to transfer between bases stuck in limbo with two mortgages or leases to pay. But there is help available from the Defense Department, service relief organizations and non-profit groups.
SoftBank Group Corp is launching a $100 million fund to invest in "companies led by founders and entrepreneurs of color", in the latest corporate action as protests roil the United States.
President Donald Trump's administration plans to bar Chinese passenger carriers from flying to the United States starting in mid-June as it pressures Beijing to allow U.S. air carriers to resume flights, three U.S. and airline officials briefed on the matter told Reuters.
In the new reality of COVID-19, some Americans may still be willing to travel abroad - but they're going to make sure they're insured up to the hilt.
Airlines cut domestic fares by an average 23% last month as traffic picked up from April lows, global airline body IATA said on Wednesday - warning that post-coronavirus discounting posed a further threat to profitability.
A federal judge said Apple Inc must face part of a lawsuit claiming it fraudulently concealed falling demand for iPhones, especially in China, leading to tens of billions of dollars in shareholder losses.
New orders for U.S.-made goods plunged in April and business spending plans on equipment were much weaker than initially thought, suggesting business investment remained depressed early in the second quarter amid the COVID-19 pandemic.
A jump in Boeing shares lifted Wall Street on Wednesday, with investors remaining optimistic about an economic rebound from a coronavirus-led slump amid continuing social unrest in the country.
President Donald Trump's administration said on Wednesday it will bar Chinese passenger carriers from flying to the United States starting on June 16 as it pressures Beijing to allow U.S. air carriers to resume flights.
Airbus is looking to hold underlying jet output at 40% below pre-pandemic plans for two years, an approach which adds new pressure to cut thousands of jobs, industry sources said.
Warner Music Group Corp said on Wednesday it raised $1.93 billion in the biggest U.S. initial public offering (IPO) so far in 2020, with the world's third-largest recording label selling more shares than originally planned.
Oil fell after touching its highest since March at more than $40 a barrel on Wednesday as doubts emerged about the timing and scale of a potential extension to the oil supply pact between OPEC and its allies.
Airlines cut domestic fares by an average 23% last month as traffic picked up from April lows, global industry body IATA said on Wednesday, warning that post-coronavirus discounting posed a further threat to profitability.
U.S. services industry activity pushed off an 11-year low in May, but businesses appeared in no rush to rehire workers as they reopen, supporting views the economy could take years to recover from the devastation caused by the COVID-19 crisis.