Asian stocks slip as global recession looms
Asian equity markets and crude oil looked set for further losses on Thursday, after a dire warning about the U.S. coronavirus death toll and mounting...
British Airways expected to suspend 36,000 staff: BBC
IAG-owned British Airways is expected to announce suspension of about 36,000 of its employees, BBC News reported on Wednesday....
Booking Holdings CEO tests positive for coronavirus
Online travel agency Booking Holdings said on Wednesday Chief Executive Officer Glenn Fogel has tested positive for coronavirus....
Starbucks extends coronavirus provisions for two weeks, explores more changes
Starbucks Corp on Wednesday said it will extend special coronavirus provisions, including pay increases for U.S. workers and closed dining areas, for two weeks to...
Fiat Chrysler, GM try discounts, online buying to lift plunging U.S. sales
With auto showrooms shut during the coronavirus pandemic, Fiat Chrysler and General Motors Co moved to reboot demand with seven-year, no-interest loans and programs allowing...
Wall Street dives 4% as virus pandemic fears intensify
Wall Street’s three major indexes fell more than 4% on Wednesday, after President Donald Trump’s dire warning on the U.S. death toll from the coronavirus...
WarnerMedia taps ex-Hulu chief Jason Kilar as CEO
AT&T Inc on Wednesday named Jason Kilar, former head of video streaming platform Hulu, as chief executive officer of its WarnerMedia unit starting in May,...
Volkswagen to extend U.S. production halt until April 12
Volkswagen AG said on Wednesday it is extending a production halt at its Chattanooga, Tennessee, assembly plant until April 12 because of the coronavirus pandemic....
Trump invites oil chiefs to discuss help for ailing industry
U.S. President Donald Trump has invited oil executives to the White House to discuss potential ways to help the industry hammered by slumping energy demand...
Multi-strategy hedge funds outperformed peers as market plunged
Multi-strategy hedge funds – those that bet on a broad array of markets using teams of traders, leverage and centralized risk management – have flourished...