Markets

Walt Disney Co expects to have reopened "a little over 50 per cent" of its hotels and resorts by the end of the fiscal year, according to Chief Financial Officer Christine McCarthy

Exercise bike maker Peloton Interactive Inc posted a 172per cent rise in quarterly revenue on Thursday, benefiting from a surge in subscribers and demand for its fitness products during the coronavirus pandemic.

Business software maker Oracle Corp beat quarterly revenue expectations on Thursday as more companies signed up for its cloud services and software to support their remote workforce amid the COVID-19 pandemic.

Walt Disney Co expects to have reopened "a little over 50per cent" of its hotels and resorts by the end of the fiscal year, according to Chief Financial Officer Christine McCarthy, who spoke via online video to the Bank of America Virtual 2020 Media, Communications & Entertainment Conference on...

U.S. Senator Marco Rubio, a Republican and a China hawk, asked for a national security review of plans by General Nutrition Centers , or GNC, to sell itself to Harbin Pharmaceutical Group Co Ltd.

American Airline's wholly-owned regional carrier Envoy is closing its bases at La Guardia and John F. Kennedy airports in New York as it "makes changes to its flying profile in 2021," according to a memo from Envoy to employees seen by Reuters.

Federal law enforcement authorities have charged 57 people with stealing US$175 million from an aid program meant to help small businesses weather pandemic lockdowns, officials said on Thursday, adding that they are eyeing hundreds more suspected cases of fraud.

Shares of Tesla jumped 5per cent on Thursday, winning back gains for a second day after suffering their worst one-session rout ever earlier this week.

Citigroup Inc on Thursday named consumer banking head Jane Fraser to succeed Michael Corbat next year as the bank's chief executive officer, making her the first woman to lead a major Wall Street bank.

The head of the US Senate Small Business panel on Thursday questioned JPMorgan chase & Co's chief executive following reports that several bank employees misused federal loans aimed at helping businesses weather the COVID-19 pandemic.