U.S. House Speaker Nancy Pelosi urged the U.S. Treasury on Wednesday not to hold up US$25 billion in cash grants approved by Congress last week to airlines for payroll costs.
U.S. House Speaker Nancy Pelosi urged the U.S. Treasury on Wednesday not to hold up US$25 billion in cash grants approved by Congress last week to airlines for payroll costs.
AT&T Inc on Wednesday named Jason Kilar, former head of video streaming platform Hulu, as the chief executive officer of its unit WarnerMedia, effective May 1.
U.S. manufacturing activity contracted less than expected in March, but disruptions caused by the coronavirus pandemic pushed new orders received by factories to an 11-year low, reinforcing economists' views that the economy was in recession.
Myanmar leader Aung San Suu Kyi cited the coronavirus pandemic as the impetus for reluctantly creating her first personal Facebook account in a post on Wednesday.
With auto showrooms shut during the coronavirus pandemic, Fiat Chrysler Automobiles NV on Wednesday reported a 10per cent drop in U.S. quarterly sales and moved to juice demand with bigger discount and a program allowing customers to buy vehicles entirely online.
Whiting Petroleum Corp said on Wednesday it had started Chapter 11 bankruptcy proceeding amid a rout in crude oil prices that has seen fuel plunge to 18-year lows.
T-Mobile US Inc said on Wednesday it officially completed the merger with Sprint Corp and the combined company will now operate under the T-Mobile name.
Kroger Co's comparable sales surged about 30per cent in March as consumers cleared off shelves in preparation for a lockdown due to the coronavirus pandemic and had borrowed US$1 billion to boost liquidity, the grocer said on Wednesday.
