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United Airlines expects its daily cash burn rate to slow to between US$15 million and US$20 million in the fourth quarter, depending on the pace of a recovery in demand, executives said on a conference call on Wednesday.

The U.S. securities regulator on Wednesday is poised to finalize new restrictions on firms which advise investors on how they should vote in corporate elections, following a years-long battle between corporate lobbyists and governance activists over the proposed rules.

United Airlines expects to be able to halt a daily cash burn rate that averaged US$40 million in the second quarter once it reaches a point in which sharp falls in demand and flight capacity have slowed to a roughly 50per cent decline.

French authorities have told telecoms operators planning to buy Huawei 5G equipment that they won't be able to renew licences for the gear once they expire, effectively phasing the Chinese firm out of mobile networks, three sources close to the matter said.

U.S. home sales increased by the most on record in June, boosted by historically low mortgage rates, but the outlook for the housing market is being clouded by low inventory and high unemployment amid the COVID-19 pandemic.

LONDON: Irish no-frills airline Ryanair plans to close its Frankfurt-Hahn base in Germany - and other hubs could follow after German pilots voted against pay cuts, it emerged on Wednesday (Jul 22). Ryanair, which is seeking to axe 3,000 jobs due to a coronavirus-induced collapse in travel demand ...

(This July 21 story has been refiled to show White House announced award, not awarded) WASHINGTON: The White House announced Tuesday the award of US$75 million by the National Science Foundation for new institutes at three U.S. universities to boost quantum information research. The new "Quantum ...

Bombardier Inc said on Wednesday it secured a loan of up to US$1 billion and its second-quarter cash usage was expected to be about US$500 million less than estimates, signaling that it would have enough liquidity to weather the COVID-19 pandemic.

New York Times Co on Wednesday appointed Chief Operating Officer Meredith Kopit Levien as its new chief executive, effective Sept. 8.

Baker Hughes Co posted its second consecutive quarterly loss on Wednesday and said it would continue to rein in costs in preparation for a longer period of volatility in oil prices.