Markets

American Airlines Co said on Thursday it is cutting additional flights this summer as travel demand has drastically shrunk amid the coronavirus pandemic.

A full airline industry recovery from the coronavirus looks prolonged at best, analysts said, as new data showed international seat capacity had fallen to 23per cent of last year's levels and around half the world's airplane fleet is in storage.

General Motors Co on Thursday rolled out a series of safety measures for workers in Indiana who will make ventilators, outlining what could be a blueprint for opening U.S. auto plants in the coming weeks.

Walt Disney Co said on Thursday it would start furloughs of non-essential employees on April 19, citing the impact of the coronavirus outbreak on its business.

Less than two months after settling with New York City regulators over paid sick leave, Chipotle Mexican Grill Inc is under pressure for its policies amid the coronavirus pandemic.

JPMorgan Chase & Co emailed many small business customers on Thursday to tell them it is still awaiting federal guidance on the small business loans program Congress approved last week, and it may not be ready to accept applications when the program launches on Friday.

Even before COVID-19 and Russia’s fall out with OPEC, the oil market was already facing a hostile landscape, says Dave Sivaprasad of Boston Consulting Group.

SINGAPORE banks this week slashed several rates on their flagship deposit accounts, reflecting the weaker rate environment globally.

NEW YORK: Wall Street stocks posted mild gains on Thursday (Apr 2) despite data showing another 6.65 million workers filed for jobless benefit claims last week as the coronavirus pandemic forced businesses to shut nationwide. The benchmark Dow Jones Industrial Average gained 469.94 points (2.24 ...

Infectious disease researchers are using Facebook Inc mobile location data to provide daily updates to U.S. cities and states evaluating the effectiveness of social distancing orders aimed at slowing the novel coronavirus.