Markets

SAN FRANCISCO: Expedia on Thursday (Apr 23) appointed a new chief executive and said it would raise US$3.2 billion to ride out the devastating slump in the travel industry linked to COVID-19. The online travel booking service will also furlough workers, and its board and top executive will forgo...

Intel Corp forecast current-quarter revenue above analysts' estimates on Thursday, as lockdown orders globally fueled demand for its data center chips that power internet-based services.

REUTERS: Facebook Inc has removed "pseudoscience" as an option for advertisers who want to target audiences, a category available until this week even as the world's largest social media network vowed to curb misinformation about the COVID-19 pandemic. The company eliminated this category from its ...

Toyota Motor Corp said on Thursday it expects to gradually resume North American production starting May 4 and will impose significant new safety procedures after it halted operations in March because of the coronavirus pandemic.

WASHINGTON: A stunning 26.5 million Americans have sought unemployment benefits since mid-March, confirming that all the jobs gained during the longest employment boom in US history have been wiped out as COVID-19 savages the economy. The deepening economic slump amid nationwide lockdowns to ...

General Motors Co on Thursday won preliminary U.S. court approval of a US$120 million settlement with owners who said defective ignition switches caused their vehicles to lose value.

The Federal Communications Commission voted unanimously on Thursday to adopt new rules to open a new chunk of spectrum for Wi-Fi use as the number of devices is expected to rapidly increase.

Dish Network Corp, which vowed to build a 5G network by 2023 to take on the big three U.S. telecommunications giants, said on Thursday it is working with software company Mavenir to build its next-generation wireless network.

Argentina plans to issue a decree setting a higher local oil barrel price to protect the domestic industry from being further decimated by crashing global prices and slumping fuel demand during the coronavirus pandemic, two industry sources told Reuters.

Honda Motor Co said Thursday it will extend a shutdown of all of its North American auto plants through May 8 and extend unpaid leaves for many salaried workers.