Exclusive: Boeing to freeze hiring, overtime on 737 MAX, virus impacts: sources
Boeing Co is freezing new hiring and overtime except in certain critical areas in efforts to preserve cash due to the coronavirus outbreaks and the...
Warren Buffett prefers waiting to start of April to assess Berkshire Hathaway annual meeting: Omaha mayor
The mayor of Omaha, Nebraska said on Wednesday that Warren Buffett would prefer to wait until one month before Berkshire Hathaway Inc’s annual shareholder weekend...
Factbox: Airlines count mounting costs of the coronavirus shock
Airlines across the globe are feeling the pain as travel demand withers because of the coronavirus outbreak. Several have grounded many flights and ditched their...
U.S. senator says Trump administration mulling use of oil reserve to help crude producers
U.S. Senator John Thune said on Wednesday he believes the Trump administration is evaluating use of the Strategic Petroleum Reserve, and other measures, to help...
California attorney general says will end fight against Sprint, T-Mobile merger
California Attorney General Xavier Becerra’s office will not appeal a court’s decision that a merger of wireless carriers Sprint and T-Mobile can go forward, his...
U.S. ‘looking at’ CalPERS holdings in Chinese defense firms: top White House official
The Trump administration is “looking at” investments in Chinese military companies by the California Public Employees’ Retirement System (CalPERS), U.S. National Security Adviser Robert O’Brien...
Many Disney shareholders push back against executive pay
A large minority of Walt Disney Co shareholders who cast votes at the company’s annual meeting on Wednesday opposed the company’s executive pay plan, Disney...
Boeing plans full drawdown of $13.8 billion loan this week: source
Boeing Co is planning to draw down the rest of a $13.8 billion loan it agreed last month, a source told Reuters on Wednesday, as...
UAE joins Saudi in opening oil taps as row with Russia slams crude prices
The United Arab Emirates followed Saudi Arabia on Wednesday in promising to raise oil output to a record high in April, as the two OPEC...
Adidas sees $1.1 billion coronavirus hit to China sales, Puma warns on profit
German sportswear makers Adidas and Puma warned on Wednesday of a major decline in sales in China due to the coronavirus and said while there...