AmEx quarterly profit plunges 76%
Credit card issuer American Express Co posted a 76% drop in first-quarter profit on Friday, as it set aside $2.6 billion to cover potential losses...
Eight Thai airlines seek $770 million government assistance
Thailand’s budget and full-service carriers are seeking soft-loans worth 25 billion baht ($770.65 million) from the government to support their businesses amid the coronavirus outbreak,...
Big Oil investors to look past earnings pain and focus on dividends
Investors already braced for poor first-quarter earnings from major oil and gas companies next week will focus on how executives plan to save cash and...
Futures rise at the end of stormy week
U.S. stock index futures gained on Friday with bargain hunters returning at the end of a tumultuous week marked by a record collapse in oil...
Here’s why you can’t find frozen fries, while U.S. farmers are sitting on tons of potatoes
Shopper Lexie Mayewski is having a hard time finding frozen french fries in Washington, D.C.-area supermarkets in the wake of coronavirus-fueled stockpiling....
Stocks fall on worries over EU stimulus details, coronavirus drug
Global shares fell on Friday, spurred by delays to an agreement on divisive details of the European Union’s stimulus package and doubts about progress in...
Virgin Australia seeks aircraft waivers, owes $4.4 billion: administrator
Virgin Australia Holdings Ltd owes A$6.9 billion ($4.39 billion) to more than 10,000 creditors based on an initial review and will seek a three-month payment...
Korean Air to get up to $971 million support from state-owned banks
Two state-owned banks in South Korea said on Friday they would provide up to 1.2 trillion won ($971 million) in liquidity to support Korean Air...
Coronavirus stockpiling drives best Nestle sales growth in years
Swiss food giant Nestle reported its best quarterly sales growth in nearly five years on Friday as consumers stockpiled everything from Purina pet food to...
Ryanair may cut 10-20% of jobs in winter season, CEO tells German paper
Ryanair may have to lay off 10-20% of staff in the winter season as it will operate fewer flights due to the coronavirus crisis, Chief...