UK suffers biggest job losses since 2009 as COVID hits
LONDON (Reuters) – The number of people in work in Britain fell by the most since 2009 in the three months through June as the coronavirus crisis took a heavy …
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Fiat Chrysler asks judge to deny GM request to reopen racketeering case
(Reuters) – Fiat Chrysler Automobiles NV (FCA) on Monday asked a U.S. federal judge to dismiss a request from General Motors Co to reinstate a racketeering lawsuit against its smaller …
Marriott sees cash burn slowing as bookings recover from coronavirus lows
(Reuters) – Marriott International (MAR.O) said on Monday it expects cash burn for the year to be slower than previous estimated as bookings slowly recover from the coronavirus lows that …
Coronavirus punishes Warren Buffett, as Berkshire Hathaway takes big writedown
(Reuters) – Berkshire Hathaway Inc on Saturday announced a $9.8 billion writedown and 10,000 job losses at its Precision Castparts aircraft and industrial parts business, as the coronavirus pandemic caused …
Delta wants at least 3,000 flight attendants to take unpaid leave
(Reuters) – Delta Air Lines Inc (DAL.N) will need at least 3,000 of its roughly 20,000 flight attendants to take unpaid leave of four to 12 months, or consider other options, …
World stocks end four-day winning streak as U.S.-China tensions grow
LONDON (Reuters) – World stocks ended four days of gains on Friday after U.S. President Donald Trump cranked up simmering tensions with China by banning U.S. transactions with two popular …
Coronavirus: Businesses demand ‘no surprises’ approach to UK’s local lockdowns
Businesses have demanded a “no surprises” approach to the handling of local coronavirus lockdowns following complaints of mixed messages and a lack of communication. The CBI, which represents 190,000 UK …
News Corp beats revenue estimates on strong online subscriptions
(Reuters) – News Corp (NWSA.O) beat analysts’ estimates for quarterly revenue on Thursday, as higher online subscriptions during the coronavirus crisis partially offset weaker advertising revenue. Total revenue dropped 22% …
Airbus shareholders in U.S. file fraud lawsuit over disclosures, corruption probes
(Reuters) – Airbus SE was sued on Thursday by shareholders who accused the European planemaker of securities fraud for misleading them about its ability to avoid and manage corruption accusations …
CalPERS investment chief steps down at $400 billion pension fund
(Reuters) – The investment chief of CalPERS, Yu Ben Meng, has resigned effective immediately, the largest public U.S. pension fund said on Wednesday, amid pressure from the Trump administration to …