April 29, 2020

Boeing to cut workforce and production as it braces for years-long industry recovery

Boeing Co said on Wednesday it would cut its workforce by about 10%, further reduce 787 Dreamliner production and try to boost liquidity as it prepares […]
April 29, 2020

Luckin Coffee delays annual filing amid accounting probes

Luckin Coffee Inc said on Wednesday it would not file its annual financial report on time as it was dealing with investigations into hundreds of millions […]
April 29, 2020

Top Boeing shareholder Vanguard says it voted against chair Kellner

Top Boeing Co shareholder Vanguard Group voted against the planemaker’s chairman Lawrence Kellner, citing “control failures” under its audit committee after two 737 MAX plane crashes, […]
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 […]
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