Markets

JetBlue Airways unveiled a series of cost saving measures on Tuesday (Dec 8), including halting pay raises and paid parental leave, in a move it said would avoid furloughs through at least Sep 30 as it continues to battle the pandemic.

:Silicon Valley billionaire Elon Musk said on Tuesday he had relocated to Texas from California as he wants to focus more on the new Tesla Inc plant and his SpaceX venture.

S&P Global Ratings on Tuesday switched its outlook on New York City debt to negative from stable due to uncertainties stemming from a recent uptick in the virus transmission rate.

Barclays Plc on Tuesday promoted 84 employees to the role of managing directors in corporate and investment banking, of which about 27per cent were women.

Companies and industry groups lobbying to get their U.S. workers to the front of the line for COVID vaccination are running into a patchwork of state plans and confusion over who is essential, and who is not.

Billionaire Jim Ratcliffe's Ineos will manufacture its first car in France after a deal to take over a site run by Germany's Daimler, ditching plans to build a factory in Britain as COVID-19 disrupts the automotive industry.

Pfizer cleared the next hurdle in the race to get its COVID-19 vaccine approved for emergency use on Tuesday (Dec 8) after the US Food and Drug Administration (FDA) released documents that raised no new issues about its safety or efficacy.

Shares in electric truck maker Nikola Corp were up 1.6per cent on Tuesday a day after its founder disclosed that he had sold fewer shares in the company than investors had feared.

Volkswagen's supervisory board is due to discuss a reshuffle of the company's management board on Thursday, two people familiar with the matter said on Tuesday, as the world's largest carmaker seeks to defuse a leadership crisis.

HELSINKI: Finnish telecoms equipment maker Nokia's president of global services and member of the group's leadership team Sanjay Goel will leave the company, a Nokia spokeswoman told Reuters on Tuesday. Several members of Nokia's top management team have departed since Pekka Lundmark took over ...