Leading U.S. airlines American and Delta suspended 2020 financial guidance on Tuesday and took drastic further measures to combat the impact of the coronavirus as the head of smaller rival Southwest took a 10% pay cut.
It's not too late for small- and medium-sized businesses to set up remote workforces, communicate with staff and prepare for a worsening coronavirus outbreak.
U.S. stock index futures jumped about 4% on Tuesday, clawing back dramatic losses recorded a day earlier on rising hopes for coordinated policy easing to avert a global recession from the coronavirus epidemic.
Intel on Tuesday said EU antitrust regulators got it wrong when they fined the chipmaker 1.06 billion euros ($1.2 billion) more than a decade ago for thwarting a British rival in a case that could affect Google and Qualcomm.
As the number COVID-19 cases spreads to new areas of the country, educators are faced with a race against time to come up with contingency plans that would allow learning and critical services to continue should schools close.
Leading U.S. airlines American and Delta suspended 2020 financial forecasts on Tuesday and took drastic further measures to combat the impact of the coronavirus, while United announced a capital raising and said it would post a first-quarter loss.
Airlines around the world sank deeper into crisis on Tuesday as the worsening coronavirus epidemic and Italy's lockdown hammered passenger numbers, forced the cancellation of thousands of flights and led to the delaying of plane orders.
Ryanair on Tuesday said it will cancel almost all of its flights to and from Italy for the next month, forcing it to cut its full year passenger forecast to end-March by 3 million.
Russia's Energy Ministry will meet with the country's oil companies on Wednesday to discuss future cooperation with the Organization of the Petroleum Exporting Countries, among other issues, two sources familiar with the plan told Reuters.
When it comes to financial planning during times of crisis, chances are you don't need to find a new strategy or way of doing things. What you need is this simple thing: Have a plan.
Brussels was considering on Tuesday dropping a rule requiring airlines to run most of their scheduled services or forfeit their landing slots, a move that would give carriers some breathing space as the industry crisis over coronavirus deepens.
U.S. stock indexes opened more than 2% higher on Tuesday as hopes of coordinated policy easing to avert a global recession calmed investor nerves a day after the biggest market rout since the financial crisis.
JPMorgan reiterated its year end S&P 500 price target of 3,400.
United Airlines Holdings Inc said on Tuesday it has raised an extra $2 billion in financing while slashing its 2020 capital expenditures by more than a third in an effort to prepare for a prolonged slump in travel demand due to COVID-19.
Royal Caribbean Cruises Ltd on Tuesday withdrew its first-quarter and full-year forecast, and increased its credit capacity by $550 million to boost liquidity amid concerns around the rapid spreading of coronavirus.