May 3, 2020

Roche gets FDA emergency use nod for COVID-19 antibody test

Roche Holding AG received emergency use approval from the U.S. Food and Drug Administration (FDA) for an antibody test to help determine if people have ever […]
May 2, 2020

Warren Buffett says coronavirus cannot stop America, despite huge Berkshire loss

Warren Buffett on Saturday gave an upbeat assessment of the United States’ ability to withstand crises, even as he acknowledged that the coronavirus pandemic could have […]
May 2, 2020

Berkshire sells entire stakes in U.S. airlines: Buffett

Berkshire Hathaway Inc has sold its entire stakes in the four largest U.S. airlines, Chairman Warren Buffett said Saturday at the company’s annual meeting. Powered by […]
May 2, 2020

U.S. aviation sector cuts more jobs amid travel meltdown

The ongoing U.S. travel crisis is causing thousands of job cuts as the aviation sector waits for passengers to return to the skies but braces for […]
May 2, 2020

Majority of EU states back suspension of air travel refunds, France says

Germany, Italy and Spain have joined a call by 12 European Union governments for the EU’s executive body to suspend rules forcing crisis-hit airlines to offer […]
May 2, 2020

Buffett’s Berkshire posts nearly $50 billion loss as coronavirus causes pain

Warren Buffett’s Berkshire Hathaway Inc is being hit hard by the coronavirus pandemic, posting a record quarterly net loss of nearly $50 billion on Saturday and […]
May 2, 2020

France’s SocGen to provision between 3.5 and 5 billion euros this year: CEO

French bank Societe Generale expects to have to provision 3.5 billion euros to 5 billion euros ($3.84 bln-5.49 bln) this year because of losses due to […]
May 2, 2020

Tesla to extend furlough for some employees by another week: internal email

Tesla Inc told furloughed employees on Friday that they will remain out of work for at least another week, postponing a plan to resume normal operations […]
May 2, 2020

NBCUniversal weighs layoffs at media, entertainment units: WSJ

Comcast Corp owned NBCUniversal is evaluating a significant reduction of staff across its portfolio of media and entertainment properties as part of a cost-cutting effort, the […]
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