In hard-hit Florida, jobless workers struggle to get state aid
With cruise ships idled and airplanes almost empty, Florida travel adviser Nick Pena has been out of work for nearly a month, spending his days...
McDonald’s and its U.S. franchisees at odds over financial relief as crisis weighed
McDonald’s Corp rejected a request from its U.S. franchisees to delay collecting some March rent and royalty payments, prompting claims that the world’s largest fast-food...
U.S. Treasury says major airlines agree in principle to payroll aid
The U.S. Treasury Department said on Tuesday that major passenger airlines have agreed in principle to a $25 billion payroll support package meant to help...
U.S. Treasury, airlines reach agreement in principle on payroll aid -sources
The U.S. Treasury Department and passenger airlines have reached an agreement in principle on a $25 billion payroll support package meant to help airlines weather...
Texas oil hearing stirs hornet’s nest, as regulators offer no clue to decision
Texas energy regulators listened as top energy executives on Tuesday backed a plan to cut the state’s output by 1 million barrels per day without...
Wall Street jumps as hopes for easing lockdown offset earnings worry
U.S. stocks jumped on Tuesday as optimism that the Trump administration could move to ease lockdowns from the coronavirus overshadowed worrying earnings reports from JPMorgan...
Oil slumps on worries that supply cuts are playing catch-up to falling demand
Oil prices dropped sharply on Tuesday, with U.S. prices sliding back toward $20 a barrel, as investors bet that fuel demand destruction caused by the...
Wall Street jumps on optimism over lockdown easing but earnings a concern
U.S. stocks rose more than 2% on Tuesday as hopes that the Trump administration could move to ease coronavirus-induced lockdowns overshadowed worrying quarterly earnings reports...
Subaru extends U.S. assembly plant shutdown through May 8
Japanese automaker Subaru Corp said Tuesday it will extend a shutdown of its Indiana assembly plant through May 8 because of declining market demand and...
Rolex joins Baselworld defections that cast doubt on watch fair’s future
Rolex, Patek Philippe and Chanel will not exhibit at MCH Group’s Baselworld watch and jewellery trade show in 2021, they said on Tuesday, another blow...