March 5, 2020

HP rejects Xerox’s raised takeover offer of $35 billion

HP Inc on Thursday rejected Xerox Holdings Corp’s raised takeover bid of about $35 billion, saying it undervalued the personal computer maker. Powered by WPeMatico
March 5, 2020

Exxon to push ahead with spending plans despite investor concerns

Two years into an ambitious growth plan to revive earnings at the largest U.S. oil company, Exxon Mobil Corp said on Thursday it would stick to […]
March 5, 2020

Coronavirus, politics and trade compound problems for Airbus A330neo

Airbus is battling to shore up support for its A330neo wide-body passenger jet as the coronavirus crisis, geopolitics and trade wars raise fresh questions over demand […]
March 5, 2020

Oil falls, OPEC backs deeper supply cuts

Oil fell on Thursday as the coronavirus epidemic showed no signs of slowing, with deaths mounting globally, and while major producers agreed on deeper output cuts […]
March 5, 2020

Coronavirus hit to airlines could top $100 billion, Flybe collapses

The coronavirus epidemic could rob passenger airlines of up to $113 billion in revenue this year, an industry body warned on Thursday, more than three times […]
March 5, 2020

Russia’s Aeroflot to suspend Hong Kong flights amid coronavirus fears: Interfax

Russia’s state carrier Aeroflot said on Thursday it would suspend its flights to and from Hong Kong amid fears over coronavirus. Powered by WPeMatico
March 5, 2020

Lufthansa suspends 7,100 flights in March, including to Israel

German airline group Lufthansa said on Thursday it is cancelling about 7,100 flights up to the end of March due to lower demand and the spread […]
March 5, 2020

Wall Street sinks at open as coronavirus fears prompt California emergency

U.S. stock indexes opened sharply lower on Thursday as deaths from the coronavirus rose in the United States, forcing California to declare a state of emergency, […]
March 5, 2020

Exxon CEO sticks to big spend plan despite weak stock performance

Two years into an ambitious growth plan to revive earnings at the largest U.S. oil company, Exxon Mobil said on Thursday it would stick to its […]
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