April 29, 2020

McConnell says business protection a condition for next COVID bill

U.S. Senate Majority Leader Mitch McConnell on Wednesday doubled down on his demand that Congress protect businesses from coronavirus-related liabilities in its next legislative package for […]
April 29, 2020

Airbus first-quarter profit plunges as coronavirus crisis starts to bite

Airbus on Wednesday posted a 49% slump in first-quarter core profit and called for an industry-wide campaign to restore confidence in flying after the coronavirus pandemic […]
April 29, 2020

VW, Daimler urge Germany to boost car demand as profits plunge

VW and Daimler on Wednesday urged the German government to help boost demand for cars as the coronavirus pandemic hammered first-quarter profits and forced both carmakers […]
April 29, 2020

U.S. insurers want taxpayers to back pandemic coverage for businesses

The U.S. insurance industry is promoting the idea of an insurance plan backed by the federal government that would help businesses that in the future suffer […]
April 29, 2020

Austria won’t help Lufthansa for nothing, says Chancellor Kurz

Austria will not help Lufthansa and its Austrian Airlines operation without receiving something in exchange and is looking to secure jobs within its borders, Chancellor Sebastian […]
April 29, 2020

Corona what? Tesla retail investors appear unfazed by virus impact

When Tesla Inc reports first-quarter results after the bell on Wednesday, many individual shareholders will not be looking for details on the subject that drives most […]
April 29, 2020

Minority businesses worry they are locked out of payroll lending program

As the government issues a second round of aid for small business owners, some U.S. senators, community banking groups and minority-owned banks said they are worried […]
April 29, 2020

Boeing posts second straight quarter of loss, to further cut 787 production

Boeing Co reported a loss for the second straight quarter and said on Wednesday it would further reduce production of 787 Dreamliner to seven jets a […]
April 29, 2020

GE warns more pain ahead as pandemic deals $1 billion cash hit

General Electric Co said on Wednesday the coronavirus pandemic dealt a $1 billion blow to cash flow at its industrial business in the first quarter, while […]
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