JetBlue, Delta seek U.S. OK to suspend flights to 25 U.S. airports
Delta Air Lines , JetBlue Airways Corp and Spirit Airlines on Tuesday asked the U.S. Transportation Department for approval to suspend flights to more than two dozen U.S. airports.
Delta Air Lines , JetBlue Airways Corp and Spirit Airlines on Tuesday asked the U.S. Transportation Department for approval to suspend flights to more than two dozen U.S. airports.
The S&P 500 and Nasdaq indexes eased on Tuesday as scientists warned of an increase in U.S. coronavirus deaths if states lifted lockdowns too quickly, while healthcare stocks slumped after a sales warning from Merck.
HSBC Holdings PLC's first-quarter profit nearly halved from a year-ago, missing estimates, after boosting provisions against bad loans as the coronavirus pandemic hits borrowers worldwide.
U.S. bankers racing to grab $310 billion in fresh small-business aid worked through the night on Tuesday, with many battling ongoing technology problems created by 11th hour changes to the first-come-first-served program, multiple bankers said.
The S&P 500 and Nasdaq erased early gains on Tuesday as a plunge in consumer confidence underlined the extent of the economic damage from the coronavirus pandemic, while healthcare stocks slumped after a sales warning from Merck.
Sweden's H&M is set to permanently close eight of its Italian stores, including two in the country's fashion capital Milan, as it pushes ahead with plans that pre-date the COVID-19 pandemic.
U.S. consumer confidence tumbled to near a six-year low in April as tough measures to curb the spread of the novel coronavirus sharply disrupted economic activity and threw millions of Americans out of work.
Harley-Davidson Inc slashed its dividend and halted share buybacks on Tuesday to boost its cash reserves as global lockdowns due to the coronavirus pandemic hit motorcycle demand in the first quarter.
Swiss drugmaker Novartis reported rising first-quarter sales and profit that beat analyst expectations and confirmed its 2020 targets as the coronavirus pandemic prompted patients to stock up on their prescriptions in advance.
Harley-Davidson Inc cut its quarterly dividend to just 2 cents and suspended share buybacks on Tuesday to boost its cash reserves even as it reported a smaller-than-expected decline in quarterly profit.
Southwest Airlines Co on Tuesday posted a $94 million quarterly net loss, its first in nine years, and warned of drastic revenue drops ahead as it sought to raise another $2.6 billion to help weather the coronavirus pandemic.
U.S. stock index futures rose on Tuesday after a round of quarterly earnings reports brought upbeat signs from Pfizer and respiratory mask-maker 3M for investors increasingly hopeful of a relaunch of business across the economy.
The premier of the German state of Bavaria on Tuesday said a warning issued by Lufthansa's CEO - that governments should not have too much influence on the airline - should be taken seriously.
PepsiCo Inc warned on Tuesday organic revenue and operating profits would suffer in the second quarter as major buyers of its sodas, such as restaurants, theaters and stadiums, were forced to shut down to help control the spread of the coronavirus.
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