April 14, 2020

Major U.S. airlines accept government aid for payrolls; American also wants a loan

The U.S. Treasury Department said on Tuesday that major passenger airlines have agreed in principle to a $25 billion rescue package, ensuring airline workers jobs until […]
April 14, 2020

Virus-hit Princess Cruises to anchor all voyages till end of June

Carnival Corp-owned Princess Cruises, whose three ships had become hotbeds for coronavirus infections, said on Tuesday it would cancel all voyages until June-end, after a “no […]
April 14, 2020

General Motors says will make 1.5 million masks a month in Mexico

General Motors Co will begin producing 1.5 million face masks a month at its plant in the Mexican city of Toluca at the end of April, […]
April 14, 2020

GM begins production of ventilators for U.S. government

General Motors Co said on Tuesday it had started producing ventilators in the volume needed to treat severely ill coronavirus patients and would deliver the first […]
April 14, 2020

Amazon fires three reported critics of warehouse conditions in pandemic

Amazon.com Inc said on Tuesday it had fired three reported critics of the company’s pandemic response for workplace violations, dismissals that drew sharp words from U.S. […]
April 14, 2020

McDonald’s and its U.S. franchisees at odds over financial relief as crisis weighed

McDonald’s Corp rejected a request from its U.S. franchisees to delay collecting some March rent and royalty payments, prompting claims that the world’s largest fast-food company […]
April 14, 2020

In hard-hit Florida, jobless workers struggle to get state aid

With cruise ships idled and airplanes almost empty, Florida travel adviser Nick Pena has been out of work for nearly a month, spending his days trying […]
April 14, 2020

Global airlines’ estimated coronavirus losses rise to $314 billion: IATA

Estimated global airline losses from the coronavirus pandemic have climbed to $314 billion, 25% more than previously forecast, owing to the severity of the economic downturn […]
April 14, 2020

P&G boosts dividend, says earnings to be released ahead of schedule

Procter & Gamble Co raised its quarterly dividend by 6% on Tuesday and advanced the release of its third-quarter earnings to April 17, saying that it […]
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