Southwest Airlines and American Airlines each slowed their cash burn over the second quarter but warned that demand had stalled as COVID-19 cases spike, prompting Southwest to rethink the number of flights it had planned to add in August and September.
A Dutch politician whose "verified" Twitter account was among those taken over by hackers this month told Reuters on Thursday the company believes his private messages had been accessed, potentially exposing dissidents in other countries.
S&P 500 and Dow futures hovered near five-month highs on Thursday, as signs that a new coronavirus relief package was at hand lifted sentiment ahead of weekly unemployment data.
Southwest Airlines Co on Thursday warned that travel demand would remain depressed until a vaccine or treatment for COVID-19 becomes available, as it posted a US$915 million loss for the second quarter.
Hershey Co quarterly sales missed estimates on Thursday, as the economic fallout of the COVID-19 pandemic kept people from spending on its chocolates and candies in overseas markets, such as Brazil and Mexico.
American Airlines Group Inc reported its second consecutive quarterly loss on Thursday, as the coronavirus crisis crushed demand for air travel.
Amazon.com Inc is in talks to buy a 9.9per cent stake in the retail arm of Indian conglomerate Reliance Industries Ltd, ET Now reported on Thursday, citing sources.
Southwest Airlines Co on Thursday warned that travel demand would remain depressed until a vaccine or treatment for COVID-19 becomes available, as it posted a US$915 million loss for the second quarter.
The chief executives of four of the largest U.S. tech companies plan to deflect criticism next week in a Congressional hearing into their use of market power to hurt rivals by saying they themselves face competition and by debunking claims they are so dominant.
France's newly-appointed Environment Minister Barbara Pompili said on Thursday she would push to pause the development of warehouses used by online businesses such as Amazon, in a possible setback for the e-commerce giant.
