GE Aviation to cut workforce by up to 13,000 jobs, or 25%
General Electric Co said on Monday it was planning to cut the global workforce of its aviation unit this year by as much as 25%,...
Oil falls on renewed U.S.-China tensions, global glut
Oil prices fell on Monday on worries that a global oil glut may persist even as coronavirus pandemic lockdowns start to ease and amid a...
U.S. airline shares tumble as Buffett stake sell-off fuels investor worries
Shares of the top four U.S. airlines dropped on Monday after billionaire investor Warren Buffett said Berkshire Hathaway offloaded its entire stake in the carriers...
VW’s Skoda braces for second-quarter hit after earnings drop
Czech carmaker Skoda Auto, part of the Volkswagen Group , reported a 25% drop in first-quarter operating profit on Monday, but said the biggest hit...
Wall Street drops at open as airlines slump, China spat flares up
U.S. stocks opened lower on Monday following growing U.S.-China tensions about the origins of the coronavirus outbreak, while billionaire Warren Buffett’s admission he had dumped...
Tyson Foods says coronavirus will continue to limit U.S. meat supply
Tyson Foods Inc expects to continue idling meat plants and slowing production because of the new coronavirus, the company said on Monday, signaling more disruptions...
Coronavirus puts brakes on sports car maker Ferrari
Luxury sports car maker Ferrari cut its 2020 core profit forecast on Monday due to disruption caused by the coronavirus pandemic, which it said would...
U.S. airline shares tumble as Buffett stake riddance fuels investor worries
Shares of the top four U.S. airlines dropped on Monday after billionaire investor Warren Buffett’s Berkshire Hathaway said it offloaded its entire stake in the...
Tyson faces safety costs, sales hit from coronavirus
Tyson Foods Inc said on Monday it would temporarily close plants as needed in the battle with the coronavirus outbreak and expects meat sales to...
France rejects Amazon’s request for unemployment schemes at six sites
The French government has rejected Amazon ‘s request to tap a state partial unemployment scheme for employees at its six warehouses in the country, a...