American Airlines is preparing to send notices of potential furloughs, as well as early retirement packages to encourage voluntary departures, to its workers later this week, two people familiar with the matter said.
The fried chicken chain KFC has closed dining rooms in corporate-owned stores in Florida because of the escalation in coronavirus cases in the state, according to a letter seen by Reuters.
Shares of Tesla surged 7per cent on Monday to a record high, extending a two-week rally to more than 60per cent as investors bet the electric car maker could report a quarterly profit and potentially join the S&P 500 index.
Shares of Tesla surged 7per cent on Monday to a record high, extending a two-week rally to more than 60per cent as investors bet the electric car maker could report a quarterly profit and potentially join the S&P 500 index.
Southwest Airlines Chief Executive Gary Kelly told employees on Monday it needs a dramatic jump in passenger demand or it will be forced to take new steps to reduce staffing.
Pershing Square Tontine Holdings Ltd, the blank check company backed by billionaire investor Bill Ackman, has increased the size of its initial public offering by US$1 billion to US$4 billion, the largest ever IPO by a special purpose acquisition company.
The global pandemic that roiled markets in the spring and disrupted daily life across the world is not delaying financial regulators' plans to ditch Libor, New York Federal Reserve Bank President John Williams said on Monday.
Huawei Technologies Co Ltd, the telecoms firm and No 2 smartphone maker, on Monday (Jul 13) reported a 13.1 per cent rise in revenue in the first half of the year, showing slower growth as US officials continue to pressure the company's suppliers and customers.
Huawei Technologies Co Ltd, the telecoms firm and No.2 smartphone maker, on Monday reported a 13.1per cent rise in revenue in the first half of the year, showing slower growth as U.S. officials continue to pressure the company's suppliers and customers.
Wall Street's main indexes were set to rise on Monday as Pepsi kicked off the second-quarter earnings season on an upbeat note, with investors also cheering signs of progress in COVID-19 vaccine development.
