Emirates, one of the world's biggest international airlines, expects to cancel more flights and has frozen recruitment as it faces what could be its biggest challenge in many years, the coronavirus outbreak, internal emails seen by Reuters showed.
The number of Americans filing for unemployment benefits unexpectedly fell last week as employers continued to hold on to their workers, but the coronavirus pandemic is expected to lead to an increase in layoffs as companies battle supply chain disruptions and sagging demand for some goods and services.
The U.S. Labor Department on Thursday gave states flexibility to amend their laws to provide unemployment benefits in events related to the coronavirus in an effort to limit the damage on the economy from the pandemic.
Working from home went from optional to mandatory across Wall Street this week as financial firms reported their first confirmed cases of coronavirus and the outbreak spread further through New York City.
Slack Technologies Inc beat Wall Street estimates for quarterly revenue on Thursday, as more companies bought its products to digitize their workflows.
Nearly 55 years after the debut of the original Ford Bronco — and 24 years after the demise of the last one — Ford Motor Co. is dusting off one of its treasured nameplates this spring in hopes of reviving a decades-old rivalry with Fiat Chrysler Automobile’s popular Jeep brand.
Wall Street tanked on Thursday, slamming the book on the longest-ever U.S. bull market after new travel restrictions to curb the coronavirus spread spooked investors and rattled world markets.
JetBlue Airways Chief Executive Robin Hayes is taking a temporary salary cut of 20%, the company said on Thursday, the latest airline executive to reduce or forgo base pay in an effort to rein in costs amid the spreading coronavirus.
Business software maker Oracle Corp on Thursday reported better-than-expected quarterly revenue as more companies opt for its cloud services and software, sending its shares up 3% in extended trading.
The Cboe Volatility Index , known as Wall Street's "fear gauge," jumped on Thursday in its biggest-ever one-day surge as U.S. stocks confirmed a bear market and the benchmark S&P 500 index tumbled 9.5%.
Broadcom Inc withdrew its revenue forecast for 2020 on Thursday, joining a host of chipmakers that have either cut or pulled their sales outlook due to disruptions in global supply chain caused by the coronavirus outbreak.
Boeing said Washington state's move on Thursday to repeal of an aerospace business tax break brings the United States into full compliance with World Trade Organization rules, which U.S. policymakers hope will avert European Union tariffs on U.S. goods.
Europe's Airbus on Thursday welcomed a move by Washington state to remove what it called "illegal subsidies" to Boeing , but said the U.S. planemaker had received billions of dollars in other subsidies and tax breaks.
Gap Inc said on Thursday it expected a $100 million hit to first-quarter sales due to the impact of the fast-spreading coronavirus in Asia and Europe.
President Donald Trump signed legislation on Thursday to bar telecom carriers from using U.S. subsidies to purchase network equipment from Huawei Technologies [HWT.UL], ZTE Corp and other companies deemed a national security threat.