Marriott quarterly profit dives 92% on decline in bookings
Marriott International Inc on Monday reported a 92% slump in profit for the first quarter, as bookings plunged due to coronavirus-led travel restrictions....
British Airways owner says burning cash, quarantine plan will make it worse
British Airways owner IAG has exhausted every avenue to shore up its finances and is burning through cash, its CEO said on Monday, as the...
Futures slip on fears of new wave of coronavirus cases
U.S. stock index futures dipped on Monday following a strong week of gains for Wall Street, as investors turned cautious about a second wave of...
Under Armour’s quarterly revenue tumbles 23% amid health crisis
Athletic apparel maker Under Armour Inc on Monday reported a 22.8% fall in quarterly revenue, as several retailers across the world remained shut due to...
Starbucks to reopen UK drive-thru locations this week
Starbucks Corp said on Monday it would begin a phased reopening of all its drive-thru locations and some takeaway-only stores in the United Kingdom as...
Stocks stumble on fears of second wave of coronavirus cases
Stock markets gave up their early gains on Monday after reports of a pick-up in new coronavirus cases that threatens to slow or reverse the...
Oil falls on fears of coronavirus second wave
Oil prices fell on Monday as a new wave of coronavirus infections in some countries and concern over a persistent glut cancelled out support from...
EU regulators to decide on $50 billion Fiat Chrysler, Peugeot deal by June 17
EU antitrust regulators will decide by June 17 whether to clear Fiat Chrysler and Peugeot maker PSA ‘s $50 billion merger, according to a European...
BA-owner IAG not in a position where it needs UK bailout: CEO
British Airways-owner IAG is not in a position where it has to ask for a specific bailout from the government to see it through the...
LafargeHolcim to keep Philippines business after San Miguel deal collapses
LafargeHolcim has decided to keep its $2.15 billion Philippines business after a deal to sell the operation collapsed, the world’s biggest cement maker said on...