May 13, 2020

United Airlines employee files class action lawsuit over unpaid days off policy

A United Airlines Holdings Inc non-union employee filed a class action lawsuit on Wednesday alleging that a requirement that management and administration employees take 20 unpaid […]
May 13, 2020

U.S. March, April job losses revised higher

The U.S. economy lost a record 20.537 million jobs in April and not 20.5 million as reported last Friday, according to revised data published by the […]
May 13, 2020

Sanofi to accelerate European COVID-19 vaccine access after CEO prioritizes U.S. preorders

French drugmaker Sanofi SA said on Wednesday that it is working with European regulators to speed up access to a potential coronavirus vaccine in Europe after […]
May 13, 2020

Brazil’s Gol values Boeing’s 737 MAX compensation at up to $412 million

Brazil airline Gol Linhas Aereas Inteligentes said on Wednesday it will receive up to 2.4 billion reais ($412 million) from Boeing Co as compensation for the […]
May 13, 2020

Less than zero? Fed’s Powell shows no love for negative rates

Federal Reserve Chair Jerome Powell had a clear message to interest rate futures traders on Wednesday: Bets the U.S. central bank is headed toward a negative […]
May 13, 2020

Trump extends U.S. telecom supply chain order aimed at Huawei, ZTE

President Donald Trump on Wednesday extended for another year an executive order signed in May 2019 declaring a national emergency and barring U.S. companies from using […]
May 13, 2020

Tesla, California county reach deal to reopen U.S. plant next week

Tesla Inc and officials in California have resolved their acrimonious clash over safety procedures at the automaker’s sole U.S. assembly plant with a deal that allows […]
May 13, 2020

Wall Street ends down on Powell’s sober outlook, call to Congress for help

Wall Street’s three major indexes closed lower for the second day in a row after Federal Reserve Chairman Jerome Powell warned on Wednesday of extended economic […]
May 13, 2020

Airbus examining restructuring including job cuts: sources

Airbus is drawing up plans for a restructuring involving the possibility of “deep” job cuts as it braces for a prolonged coronavirus crisis after furloughing thousands […]
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