ViacomCBS Inc is cutting up to 400 employees across CBS as part of its plan to save US$750 million from its merger with CBS, a source familiar with the matter said on Thursday.
The board of Italy's export credit agency SACE has approved state guarantees covering 80per cent of a 6.3 billion euro (US$7 billion) bank loan for Fiat Chrysler , a source close to the matter said on Thursday.
LATAM Airlines Group's U.S. bankruptcy filing this week will delay its potential bailout in Brazil to at least July and also push back aid to its rivals at least through the end of June, two sources said on Thursday.
Warehouse club operator Costco Wholesale Corp reported a 7.3per cent increase in quarterly revenue on Thursday, as people stocked up on essentials before hunkering down in their homes to contain the spread of the coronavirus.
Salesforce.com Inc cut its annual revenue forecast on Thursday, citing the impact caused by the COVID-19 pandemic during first quarter.
Ratings agency Standard & Poor's cut engine maker Rolls-Royce's credit rating to junk on Thursday, citing the disruption caused to global air travel from the COVID-19 pandemic.
United Airlines Holdings Inc Chief Executive Scott Kirby said on Thursday that facial masks, aircraft cleaning and air filtration systems are better measures for preventing the spread of the coronavirus on airplanes than trying to social distance.
German car parts supplier ZF Friedrichshafen plans to reduce the workforce by up to 15,000 jobs, or around 10per cent, by 2025 as a result of a slump in demand, according to a memo on Thursday.
French car maker Renault is poised to announce 15,000 layoffs worldwide on Friday as it unveils a turnaround plan to cope with slumping demand and excess costs, a representative for the CFDT union said after meeting with the company on Thursday.
Facebook Chief Executive Mark Zuckerberg distanced his company from Twitter and its fight with U.S. President Donald Trump, as the White House readied an executive order about social media companies.
