Result Page 922 for Latest Business News & Archive

Virgin Atlantic is reportedly seeking more than half a billion dollars in state help saying it has taken a battering over the economic fallout of coronavirus

Virgin Atlantic Cuts More Than 3,000 Jobs, Shutters Operations At Gatwick

Virgin Atlantic has been seeking a loan or rescue package from the British government

No Burgers At Wendy’s: Twitter Wants To Know ‘Where’s The Beef?’

A meat shortage has caused Wendy's to take burgers off its menu at some restaurants, prompting Twitter to ask the fast-food chain, "Where's the beef?"

Coronavirus Economy: US Trade Deficit Grows In March As Both Imports And Exports Fall

No sector was left untouched by the March decline in US trade

The deficit grew 11.6% from February with expectations for April even worse.

The ECB has taken a series of measures to prop up the eurozone as lockdowns to slow the spread of the coronavirus have hammered economic activity

German Constitutional Court Rules ECB’s Bond Buying Program Partly Breaches German Law

Bundesbank might have to pull out of bond buying program as a result of ruling

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Elon Musk Mansions: Billionaire Lists Two Bel Air Properties After Tweeting He Will 'Own No House'

Elon Musk is putting two of his Los Angeles mansions in the market just days after he declared on his Twitter account that he would "own no house" and sell off his physical possessions.

Amazon defended its COVID-19 safety efforts as it faced more protests about conditions in warehouses struggling to meet surging consumer demands

Amazon Exec ‘Snapped,’ Quit Company After Workers Were Fired For Demanding Coronavirus Protections, Social Media Reacts

A senior VP and software engineer has quit Amazon over its handling of employees demanding better coronavirus responses.

India and China -- home to more than a third of humanity -- have never been the best of friends

Some Voices In India Calling For Boycott Of Chinese Products Over Coronavirus

The coronavirus pandemic has unleashed more hostility towards China among some Indians

Climate Change News: Former Obama Energy And Climate Director Joins Green Investment Firm

A top name in the fight against climate change has joined a growing environmental firm.

The Main Street Lending Program is designed to reach small and medium-sized businesses that are too big to benefit from the Treasury Department's Paycheck Protection Program

SBA Paycheck Protection Program Running Near Empty Again, More Than $549 Billion Handed Out

The Small Business Administration says more than $549 billion in paycheck protection loans have been handed out since the program began in April.

Monday's Stock Market Close: US Equities Rise As Tech Shares Boost Nasdaq, S&P

U.S. stocks rose Monday although Washington and Beijing traded barbs over coronavirus.

JC Penney Lawsuit: Why The Struggling Retailer Is Suing Sephora

JC Penney has filed a temporary restraining order against Sephora for this reason.

Costco, Kroger, Giant Eagle Issue Meat Limits Amid COVID-19 Processing Plant Shutdowns

Meat limits have been issued at some grocery stores to help prevent a shortage of chicken, pork and beef for consumers during the coronavirus pandemic.

Boeing has been hammered by the downturn in global air travel caused by the coronavirus, and further details of the damage will become clear when it announces earnings

Coronavirus Economy: US Factory Orders Post Biggest Decline In 3 Decades

April estimates are due May 28 and are expected to be worse.

General Electric reported higher first-quarter profits on a gain from a divestiture, but warned that the current quarter would see a bigger hit from the coronavirus

GE Layoffs 2020: Why The Engine Manufacturer’s Aviation Division Plans To Cut 13,000 Jobs

GE's aviation division plans to cut 25% of its workforce amid the coronavirus pandemic.

Nabisco Recall 2020: Ritz Crackers Recalled Over Peanut Allergy Concerns

A peanut allergy due to mislabeling has forced the recall of Ritz crackers by Nabisco. Here's what you need to know.

Coronavirus Testing: FDA Revises Policy On Antibody Tests To Weed Out Fraud

Only 12 of the 100 tests on the market have received FDA emergency use authorization since the agency decided to roll back an earlier policy.

Aircraft Engine Maker Rolls-Royce May Cut Up To 8,000 Jobs

Rolls-Royce focuses on making engines for wide-body jets used in long-haul flights.

Companies that improperly took money meant to aid small businesses could be criminally liable, US Treasury Secretary Steven Mnuchin says

Coronavirus Impact On US Economy: Trump 'Absolutely Prepared' To Support More Stimulus, Treasury Secretary Says

Goldman Sachs has projected that the the U.S. economy could shrink as much as 34% in the second quarter.

Gold’s Gym Files For Bankruptcy: Will Chapter 11 Change The Gym Operator’s Business?

Gold's Gym filed for Chapter 11 bankruptcy restructuring on Monday with plans to emerge from the filing by Aug. 1 or sooner.

Unemployment in the United States was at low levels not seen in decades before the coronavirus struck, but now jobless benefit claims have increased by millions

When Will The US Economy Get Better? New Poll Shows When American Expect The Recovery To Happen

30% said the economy already is in a depression but respondents predicted the stock market would rebound.

One lawyer said the ruling puts Uber's business model at risk over the long term in France

Uber Rideshare Changes: Face Masks To Be Required By All Drivers And Riders

Uber will require drivers and riders to wear face masks in a new policy that is expected to be announced in the coming weeks.

Will Coronavirus Kill Atlantic City? Gambling, Casinos Hurt By Ongoing Pandemic

Atlantic City bonds were rated at junk levels even before the COVID-19 pandemic hit.

Telefonica said its redundancy plan is part of its effort to adapt its workforce "to the needs of future challenges"

Brave New World For UK Telecom-Media: Virgin Media In Talks To Merge With O2

O2, a subsidiary of Telefónica, and Virgin Media, which is owned by Liberty Global, may combine their U.K. assets

J. Crew Files For Bankruptcy: What Does Chapter 11 Mean For The Retailer?

J. Crew Group has filed for Chapter 11 bankruptcy, converting about $1.65 billion in debt to equity.

Monday's Stock Market Open: US Equities Fall On US-China Tensions Over Coronavirus

U.S. stocks fell Monday as Washington and Beijing traded barbs over coronavirus.

Warren Buffett, CEO of Berkshire Hathaway, arrives at the May 2019 shareholder meeting in Omaha, Nebraska

Coronavirus Market: Warren Buffett Unloads His Entire Holdings In U.S. Airlines Stocks At A Loss

Warren Buffett sold off his entire stake in four large U.S. airlines due to the pandemic's effects

Fight On Plane Forces Emergency Landing Of Detroit-Bound Spirit Airlines Flight

A Detroit-bound Spirit Airlines flight was forced to land after a brawl erupted mid-flight.

Coronavirus Economy: Are Americans Piling Up Credit Card Debt During Pandemic?

The number of Americans carrying credit card balances grew to 47% last month, up four points from March.

Wall Street plunged in futures trading, with the Dow Jones Industrial Average "mini" index losing more than 1,000 points or 4.5 percent, and the S&P 500 and Nasdaq posting similar declines

US Stock Market Futures: Dow, S&P 500, Nasdaq Fall, Point To Monday Opening Drop

All three major indices are poised to plunge when trading resumes Monday on confusing political and economic signals.

Air France has suffered a significant reduction of its services amid the coronavirus crisis

EU Approves 7 Billion Euros In French State Aid To Air France

EU approves 7 bln euros in French state aid to Air France

Japan is already under a state of emergency that had been due to expire on May 6 but is now likely to be extended by around a month

Japan Economy: Amid Coronavirus, One Of The World's Strongest Economies Plans Its Recovery

Japan's economy was already struggling prior to the virus, due to the U.S.-China trade war and a consumption tax hike.

Apple is one of many American businesses relying on China to supply parts and products, but manufacturers fear those supply chains could be disrupted by the coronavirus outbreak

US - China Relations: How Will The Coronavirus Pandemic Affect Ties Between The World's Two Largest Economies

Experts say they see changes coming to the China-centric supply chain to avoid future shortages of strategic supplies.

Warren Buffett On US Coronavirus Economy: Why The Famous Investor Is Confident America Will Beat The Pandemic

Famed investor Warren Buffett said the U.S. has managed to bounce back from numerous crises such as World War II, the Cuban Missile Crisis and 9/11.

The International Energy Agency requires its members to hold emergency oil stocks equivalent to at least 90 days of net oil imports

Oil-hungry Asian Nations Pounce On Low Prices To Build Stockpiles

India's Ministry of Petroleum tweeted on April 15 it was buying crude to fill its reserves, stored in rock caverns, "to their full capacity".

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