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Markets

Southwest issues layoff warnings to 6,828 employees

Southwest Airlines Co said on Thursday it had issued notices to 6,828 employees warning them that they could be furloughed, amid a slump in demand for air travel due to the coronavirus crisis.

Markets

Vitol enters deal with US government to avoid prosecution over Brazil oil bribes

Vitol SA's U.S. subsidiary entered a deferred prosecution agreement with the U.S. government over two counts of alleged violations of the Foreign Corrupt Practices Act, a prosecutor told a U.S. judge in Brooklyn on Thursday.

Markets

More than 400 lawmakers from 34 countries back ‘Make Amazon Pay’ campaign

More than 400 lawmakers from 34 countries have signed a letter to Amazon.com Inc boss Jeff Bezos backing a campaign that claims the tech giant has "dodged and dismissed … debts to workers, societies, and the planet," organisers said.

Markets

S&P 500, Nasdaq hit record highs as vaccine cheer overshadows grim data

The S&P 500 and the Nasdaq touched all-time highs on Thursday as investors looked past bleak economic data, while remaining focused on a COVID-19 vaccine, with the blue-chip Dow getting a boost from Boeing shares.

Markets

Airbnb toughens home rental conditions on New Year’s Eve

Airbnb, the U.S. home rental company that will make its market debut next week, is making it harder to book apartments on New Year's Eve in Paris, New York, London and other top destinations to limit the risks of illegal parties in the time of COVID-19.

Markets

US airlines cut 29,000 workers through mid-October: Transportation Dept

The U.S. passenger and cargo airline industry saw total employment fall by nearly 29,000 workers through the month ending in mid-October as government restrictions on laying off workings expired.

Markets

Jim Chanos reduces size of Tesla short – Bloomberg News

Jim Chanos, who has been short on Tesla Inc's stock for five years, has reduced his bet against the electric carmaker, the short-seller told Bloomberg News on Thursday.

Markets

Microsoft aims to help businesses get handle on data with new tool

Microsoft Corp on Thursday announced a new cloud-based tool designed to help corporate customers understand where data is scattered throughout their operations and whether they are in compliance with data privacy regulations.

Markets

Walmart to give 4th round of bonuses to workers since start of COVID-19

Walmart to give 4th round of bonuses to workers since virus

Markets

Delta Air expects daily cash burn of up to US$14 million in fourth quarter

Delta Air Lines said on Thursday it expects a cash burn of about US$12 million to US$14 million per day in the fourth quarter as slowing demand amid a spike in COVID-19 cases adds about US$2 million per day to its burn rate.

Markets

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