April 2, 2020

American Airlines slashes flights but has no plans to halt U.S. service

American Airlines Co said on Thursday it is cutting additional flights this summer as travel demand has drastically shrunk amid the coronavirus pandemic. Powered by WPeMatico
April 2, 2020

Airline industry braces for prolonged recovery from coronavirus crisis

A full airline industry recovery from the coronavirus looks prolonged at best, analysts said, as new data showed international seat capacity had fallen to 23% of […]
April 2, 2020

FCC proposes to fine TracFone Wireless $6 million for subsidy violations

The Federal Communications Commission on Thursday proposed to fine TracFone Wireless $6 million for allegedly violating its rules governing the subsidy program for telecommunications services for […]
April 2, 2020

Retail sector companies turn to masks, gloves in coronavirus fight

Major U.S. retail sector companies on Thursday moved to allay health and safety concerns of staff working at warehouses and stores through the coronavirus pandemic by […]
April 2, 2020

Oil posts biggest one-day gains after Trump touts Saudi-Russia oil deal

Crude prices posted their biggest-one day gains on record on Thursday after President Donald Trump said he expects Russia and Saudi Arabia to announce a major […]
April 2, 2020

U.S. crude futures trim record gain

Benchmark U.S. crude fell more than 1% in early trade on Friday, coming off its biggest one-day gain in the previous session after U.S. President Donald […]
April 2, 2020

Disney to furlough some U.S. employees in wake of coronavirus

Walt Disney Co said on Thursday it will start furloughs of non-essential U.S. employees across the company on April 19, a response to the global coronavirus […]
April 2, 2020

Wall Street gains on oil surge, but off early highs

U.S. stocks rose on Thursday as hopes for a truce in the price war between Saudi Arabia and Russia and a cut oil output drove gains, […]
April 2, 2020

As millions lose jobs, Fed policymakers say recession is here

The U.S. recession is here. How long it will last will depend on the course of a viral pandemic that could still kill hundreds of thousands […]
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