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United Airlines announces stock offering, shares slip
United Airlines Holdings Inc on Tuesday announced a stock offering of 39.25 million shares, sending its shares down 3% in extended trading.
Categories: Reuters
Explainer: How does Texas have the power to curb the state's oil output?
Texas oil and gas regulators in coming days are poised to decide whether to order larger producers in the state to shut in 20% of their output, wading into global oil politics as the coronavirus crisis slashes demand for oil .
Categories: Reuters
Netflix adds 15.8 million customers during quarantine, warns boost is temporary
Netflix Inc on Tuesday reported a surge in new sign-ups as audiences stayed in their homes to help fight the novel coronavirus and binged on series such as "Tiger King," but the company predicted a weaker second half of the year if quarantine orders are lifted.
Categories: Reuters
LendingClub to lay off about a third of employees due to coronavirus
Online lender LendingClub Corp said on Tuesday it would lay off 460 employees, including President Steven Allocca, as part of a restructuring plan to slash costs amid the economic fallout of the COVID-19 pandemic.
Categories: Reuters
Chipotle March same-store sales drop even as delivery orders surge
Chipotle Mexican Grill Inc on Tuesday reported a 16% drop in March same-store sales while online orders surged, as it was forced to keep stores closed because of the coronavirus pandemic.
Categories: Reuters
Amazon staff take off work to raise safety concerns in pandemic: activists
A U.S. labor and activist coalition said employees of Amazon.com Inc would take off work starting on Tuesday to draw attention to what it says are unsafe conditions at warehouses during the coronavirus pandemic.
Categories: Reuters
Small business loan program discriminated against women, minorities: lawsuit
The $349 billion small business loan program passed last month as part of the federal coronavirus relief package discriminated against woman- and minority-owned businesses by prioritizing business with employees over those that do not, according to a lawsuit filed by two Maryland business owners.
Categories: Reuters
Chipotle reports 16% drop in March same-store sales
Chipotle Mexican Grill Inc on Tuesday reported a 16% fall in March same-store sales, as the coronavirus pandemic forced the company to keep its restaurants closed to diners.
Categories: Reuters
Snap shares rise 19% as coronavirus spurs use, revenue growth beats Street
Snap Inc on Tuesday beat Wall Street estimates for quarterly revenue and user growth for its Snapchat app, as more people seek entertainment while they stay at home during the global coronavirus pandemic.
Categories: Reuters
Netflix adds more subscribers in first quarter, shares rise
Netflix Inc on Tuesday reported more paid subscribers than expected in the first quarter, as global lockdowns to curb the spread of the novel coronavirus forced people to stay at home and watch shows online including its wildly popular "Tiger King."
Categories: Reuters
Exclusive: ValueAct eyes Nintendo with stake of over $1.1 billion, letter shows
Activist investor ValueAct Capital Partners LP has built a stake of over $1.1 billion in Nintendo , according to a letter seen by Reuters, a bet that digital software distribution and the development of new entertainment products will fuel growth at the Japanese consumer electronics company.
Categories: Reuters
Texas Instruments forecast current-quarter sales below estimates
Texas Instruments Inc on Tuesday forecast second-quarter revenue below Wall Street estimates, as the chip industry braces for a big hit from the coronavirus outbreak.
Categories: Reuters
U.S. videogame sales surge in March as lockdown keeps people indoor
Videogame sales in March hit their highest in over a decade, as Americans turned to games like "Animal Crossing: New Horizons" and "Call of Duty: Modern Warfare" because of lockdowns to stem the spread of the coronavrius.
Categories: Reuters
U.S. Congress, White House agree on nearly $500 billion more coronavirus bailout
U.S. congressional leaders and the White House agreed on Tuesday on nearly $500 billion more in coronavirus relief for the U.S. economy, bringing to nearly $3 trillion the amount allocated to deal with the crisis.
Categories: Reuters
Amazon staff take off work to raise safety concerns in pandemic: coalition
A U.S. labor and activist coalition said employees of Amazon.com Inc would take off work starting Tuesday to draw attention to what it says are unsafe conditions at warehouses during the coronavirus pandemic.
Categories: Reuters
U.S. House could vote on Thursday on coronavirus loan bill: Hoyer
More than half the U.S. House of Representatives could return to the capitol on Thursday to pass a coronavirus relief bill that would fund small business loans and hospital aid, chamber's second-most powerful Democrat said on Tuesday, adding he thinks both parties would approve the legislation.
Categories: Reuters
U.S. Senate's McConnell: reached bipartisan agreement on coronavirus bill
U.S. Senate Majority Leader Mitch McConnell welcomed a bipartisan agreement on additional coronavirus relief on Tuesday and said he hoped the Senate would quickly pass it.
Categories: Reuters
Coronavirus-related job losses hit U.S. black, Hispanic families hardest, studies find
Black and Hispanic families in the United States are taking the biggest income hit due to the coronavirus pandemic, and they are less prepared to withstand the blow, according to two studies released on Tuesday.
Categories: Reuters
Exclusive: Trump pressed to halt federal pension investments in China's ZTE, Hikvision
Lawmakers and former officials are making a last-ditch push to persuade the Trump administration to halt plans to invest billions of federal employee retirement dollars in Chinese companies that Washington suspects of human rights abuses or threatening U.S. security, according to sources and documents seen by Reuters.
Categories: Reuters
Chipotle to pay $25 million related to food borne illness outbreaks: Justice Department
Chipotle Mexican Grill has agreed to pay $25 million and enter a deferred prosecution agreement to resolve charges related to food borne illness outbreaks that sickened hundreds of people between 2015 and 2018, the Justice Department said on Tuesday.
Categories: Reuters