Boeing Co was set to offer employee buyout and early retirement packages, two people familiar with the matter said on Wednesday, a bid to mitigate the financial fallout from the coronavirus pandemic.
A Congressional memo obtained by NBC News shows just how quickly stimulus payments could get into the hands of Americans. For some, the wait could be up to five months. A web portal may fix that.
SoftBank Group Corp said it has terminated a $3 billion tender offer for additional WeWork shares agreed last year with shareholders, including ousted co-founder Adam Neumann, drawing threats of legal action from other board members.
Boeing Co is set to offer buyout and early retirement packages to employees, two people familiar with the matter said on Wednesday, a bid to mitigate the financial fallout from the coronavirus pandemic.
Asian share markets were pinned down on Thursday, haunted by the rising U.S. coronavirus death toll, and with investors braced for more signs of economic pain in the world's largest economy ahead of another likely record week of jobless claims.
Delivery Hero , one of the world's top online food delivery marketplaces, announced measures on Thursday to support restaurants that are trying to survive coronavirus lockdowns by ramping up deliveries to consumers stuck at home.
The number of Americans filing claims for unemployment benefits likely shot to a record high for a second week in a row as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say has pushed the economy into recession.
Southwest Airlines Co said on Thursday it intends to file an application with the U.S. Treasury department for aid to help it ride out the sharp drop in travel demand caused by the massive lockdowns because of the coronavirus pandemic.
The number of Americans filing claims for unemployment benefits last week shot to a record high for a second week in a row - topping 6 million - as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say has pushed the economy into recession.
Ukraine has taken to Twitter to ask Elon Musk to send it ventilators after the billionaire chief executive of Tesla Inc offered to ship them across the world during the coronavirus pandemic.
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Aerospace suppliers are drawing up plans to lay off workers as coronavirus quarantines cripple their cash balances - but bailout conditions and fears of losing critical skilled labor are forcing managements to juggle survival and future growth.
As audit season begins for British companies, some auditors stuck at home in coronavirus lockdown are turning to cameras to check clients' inventories, plant and equipment for compiling annual accounts.
Investment managers BlackRock and Schroders said they have suspended trading in UK real estate funds aimed at institutional investors, citing difficulty in getting an accurate price for their assets.
Boeing Co Chief Executive Dave Calhoun said on Thursday the coronavirus pandemic was going to have a lasting impact on the global aerospace industry, as he outlined steps for a voluntary layoff plan for employees.