Exxon pledges ‘significant’ spending cuts amid coronavirus, oil slide
Exxon Mobil on Monday said it will make “significant” cuts to spending in the face of the unprecedented slide in oil prices due to the...
Australia’s Afterpay settles with California regulator for loans issued without license
Australia’s buy-now-pay-later firm Afterpay Ltd will refund late fees paid by customers in California for loans, which were deemed “illegal” by the U.S. state’s financial...
Asian stocks fall after historic Wall Street rout
Most Asian shares fell on Tuesday a day after Wall Street’s historic market rout, with fleeting initial gains evaporating as the coronavirus remained a major...
‘Single biggest shock’: Airlines, airports battle coronavirus cash crunch
Airlines and airport operators said they are taking steps such as suspending dividends, selling and leasing back airplanes and flying cargo on empty passenger jets...
McDonald’s, Starbucks limit dine-in service in U.S. to slow coronavirus
McDonald’s Corp and Starbucks Corp have decided to close dine-in areas at many U.S. stores and shifted to take-away and delivery services, even as major...
Another black Monday as coronavirus response upends Wall Street
Wall Street suffered its biggest drop since the crash of 1987 on Monday after unprecedented steps taken by the Federal Reserve, lawmakers and the White...
Airlines, airports seek fresh ways to deal with cash crunch amid crisis
Airlines and airport operators said they are taking steps such as suspending dividends, selling and leasing back airplanes and flying cargo on empty passenger jets...
U.S. airlines seek $50 billion coronavirus bailout to avoid collapse
Major U.S. airlines sought a government bailout of more than $50 billion as the White House is urgently drafting a financial assistance package in the...
Boeing in talks for short-term U.S. government assistance – source
Boeing Co is in talks with senior administration officials and congressional leaders about short-term assistance for itself and the entire aviation sector, a person familiar...
McDonald’s, Starbucks halt dine-in service in U.S. to enforce social distancing
McDonald’s Corp and Starbucks Corp have decided to close dine-in areas at their U.S. restaurants and shifted to take-away and delivery services to enforce social...