Alaska warned U.S. government its largest regional airline was on verge of collapse: letter
Alaska’s congressional delegation warned U.S. Treasury Secretary Steven Mnuchin last week that many of its airlines, including its largest regional carrier, RavnAir Group, were on...
Airbnb secures $1 billion investment from Silver Lake, Sixth Street
Airbnb said on Monday private equity firms Silver Lake and Sixth Street Partners will invest $1 billion in the U.S. home rental company, bolstering its...
Hit by coronavirus, Fiat Chrysler, Peugeot seek to boost cash before merger
With their sales hammered by the coronavirus outbreak, car makers Fiat Chrysler and Peugeot’s owner PSA have postponed their shareholder meetings and are looking at...
Allstate to return $600 million in auto premiums as coronavirus cuts driving
Allstate Corp , one of the largest U.S. auto insurers, said on Monday it would return more than $600 million in premiums to customers as...
Boeing suspending 787 production at South Carolina plant
Boeing Co said on Monday it will temporarily suspend production of its 787 airplane at its facilities in South Carolina amid the coronavirus pandemic....
OPEC+ likely to agree to cut production if U.S. joins effort: sources
Major oil producers including Saudi Arabia and Russia are likely to agree to cut production at a Thursday meeting but only if the United States...
World stocks jump on less dire virus data, oil falls after OPEC+ delay
World stock markets jumped on Monday, encouraged by slowdowns in coronavirus-related deaths and new cases in some global hot spots, while oil prices tumbled again...
Honda, Fiat Chrysler aim to restart U.S., Canada auto production in May
Honda Motor Co and Fiat Chrysler Automobiles NV said on Monday they hope to restart U.S. and Canadian auto production in May amid the ongoing...
Lufthansa to discuss permanently grounding Germanwings: sources
Lufthansa will discuss permanently grounding its Germanwings low-cost airline unit at a management board meeting on Tuesday, two sources familiar with the matter told Reuters....
Hit by coronavirus, Fiat Chrysler, Peugeot seek to boost cash before merger consummation
With their sales hammered by the coronavirus outbreak, car makers Fiat Chrysler and Peugeot’s owner PSA have postponed their shareholder meetings and are looking at...