OPEC raises stakes with Russia, seeks biggest oil cut since 2008 crisis
OPEC pushed on Thursday for a bigger-than-expected oil output cut to support prices that have been hit by the coronavirus outbreak, effectively presenting its non-OPEC...
Gap names Sonia Syngal as new CEO
Apparel retailer Gap Inc on Thursday named long-time executive Sonia Syngal as its new chief executive officer, nearly four months after the surprise exit of...
Wall Street plunges as coronavirus slams bank, travel stocks
U.S. stocks sold off sharply on Thursday, with shares of banks and travel companies pummeled, as large swings in the market continued due to uncertainty...
Boeing 737 MAX certification flight could come within ‘a few weeks’: FAA administrator
U.S. Federal Aviation Administration chief Stephen Dickson said on Thursday he thinks a certification test flight for the Boeing 737 MAX – a key milestone...
Airlines face $100 billion-plus virus hit, discounts ‘wouldn’t do any good’
The coronavirus epidemic could rob passenger airlines of up to $113 billion in revenue this year, an industry body warned on Thursday, while the head...
Portugal’s TAP cancels 1,000 flights in March-April as coronavirus hits demand
Portugal’s flag carrier TAP canceled around 1,000 flights scheduled in March and April on Thursday after concerns about the coronavirus epidemic led to a fall...
Southwest Airlines sees first-quarter revenue hit from coronavirus outbreak
Southwest Airlines Co said on Thursday it expected a hit of up to $300 million to its first-quarter operating revenue from the coronavirus outbreak, prompting...
Oil slides as demand worries overshadow OPEC deal to deepen supply cuts
Oil prices fell on Thursday as the coronavirus epidemic showed no signs of slowing, feeding worries about the global economy and prompting investors to sell...
Global stocks tumble as coronavirus cases rise outside China
Global equity markets tumbled and the dollar slid on Thursday as the coronavirus spread quickly outside China, leading Britain to prepare for a significant increase...
Coronavirus forces Blackstone, Apax to delay or webcast investor meetings
Blackstone Group Inc and Apax Partners LLP are among the buyout firms that have had to delay their annual meetings with their private equity fund...