Two proxy advisers, Glass Lewis and Institutional Shareholder Services (ISS), have recommended that shareholders of Boeing Co vote against key board members of the planemaker to show objections to the company's handling of the 737 Max crisis.
Japan Airlines Co is discussing the possibility of securing financing totaling $2.8 billion from its lenders to cushion the financial blow of the coronavirus outbreak, public broadcaster NHK said on Saturday.
President Donald Trump on Friday threatened to block federal aid for the U.S. Postal Service unless it raises shipping rates for online companies like Amazon.com, prompting criticism that the move would hurt consumers relying more than usual on packages during the coronavirus outbreak.
Though Congress approved another $310 billion in PPP funding Thursday, it's unclear whether that's enough to cover everyone who didn't receive loans in the first round.
India plans to fast track the review of some investment proposals from neigbouring countries such as China following concerns new screening rules could hit plans of companies and investors, three sources told Reuters on Saturday.
Boeing Co has told the Brazilian planemaker Embraer that Embraer has not met conditions needed to complete a civil aerospace tie-up, meaning the $4.2 billion deal is off for the foreseeable future, two people familiar with the matter said.
Lion Point is a concentrated credit and equity hedge fund co-founded by former managers from Elliott Associates and Perry Capital.
Abu Dhabi's Etihad Airways said on Saturday it would extend its suspension of scheduled passenger flights until at least May 16 due to the coronavirus outbreak.
Fabian Videla was one of the small-business owners to get approved for his $60,000 loan from the government, which should keep his employees paid for the next two months. Here's his advice to others trying to get one.
Boeing Co on Saturday said it had canceled a $4.2 billion deal to buy the commercial jets division of Embraer , unraveling years of work on what the Brazilian planemaker expected to be a transformative move.
The U.S. Treasury Department has disbursed $9.5 billion in additional funds from the Payroll Support Program to U.S. air carriers, bringing to $12.4 billion the amount of funds provided to the sector hit hard by the coronavirus pandemic, the department said on Saturday.
If you're receiving SSI or veterans benefits, you have until May 5 to submit information to the government to make sure your eligible children are included in your stimulus payments. Plus, an update on when all beneficiaries can expect their money.
Boeing Co on Saturday pulled out of a $4.2 billion deal to buy the commercial jets division of Brazil's Embraer , unraveling years of work on a transformative move driven by expanding competition with Europe's Airbus .
Boeing Co on Saturday pulled out of a $4.2 billion deal to buy Embraer's commercial jets division, sparking a furious response from its jilted partner and leaving plans for a U.S.-Brazil alliance from regional jets to jumbos in tatters.
By Julie Steenhuysen, Peter Eisler, Allison Martell and Stephanie Nebehay