Reuters

Verizon Communications Inc withdrew its full-year revenue outlook on Friday as it lost 68,000 phone subscribers who pay a monthly bill in the first quarter amid lockdowns due to coronavirus outbreak that closed 70% of its stores.

Poland's state-owned airline PLL LOT has cancelled all passenger flights until May 15 citing the government's and European Union's air traffic and border restrictions, it said on Friday.

With the U.S. coronavirus death toll topping 50,000, Georgia pushed ahead with its plan to become the first state to allow an array of small businesses to reopen on Friday despite the disapproval of President Donald Trump and health experts.

U.S. President Donald Trump on Friday signed a nearly $500 billon coronavirus relief bill into law to expand loans for small businesses reeling from the outbreak, as his Treasury secretary promised surveillance to stop bigger companies from accessing the funds.

New orders for key U.S.-made capital goods unexpectedly rose in March, but the gains are unlikely to be sustainable amid the novel coronavirus outbreak, which has virtually shut down the country and contributed to a collapse in crude oil prices.

The Trump administration is considering taking stakes in U.S. energy companies as one possible option as it seeks to help the nation's oil and gas sector amid the coronavirus outbreak, U.S. Treasury Secretary Steven Mnuchin said on Friday.

Vacuum cleaner company Dyson said the British government no longer needed the ventilator it had developed from scratch to help plug a shortfall of the devices needed to treat patients with severe COVID-19 symptoms.

Before the coronavirus outbreak shut them down, U.S. auto factories were hectic workplaces where men and women worked side by side along fast-moving assembly lines, ate in crowded break areas, and jostled in and out of gates as they changed shifts.

A $4.2 billion deal for Boeing to buy the civil jetmaking arm of Brazil's Embraer has hit a roadblock over implementation, leaving its fate uncertain unless a breakthrough can be found quickly, people familiar with the talks said.

All United Airlines flight attendants must wear a face covering or mask while on duty starting April 24, the airline said on Thursday, one of the first major U.S. carriers to make such a requirement.

A fifth coronavirus-response bill will soon be readied, U.S. House of Representatives Speaker Nancy Pelosi said on Friday, as she warned Republicans that it must include new aid to state and local governments.

Veteran John Stankey will take over as AT&T chief executive officer, the company announced on Friday, as the U.S. telecommunications and media giant grapples with the impact of the coronavirus outbreak and its entrance into the global streaming wars.

Atlantia will give about 1,000 euros ($1,080) of shares to each of the 12,000 workers employed by the group's Italian companies, the motorway and airport operator said on Friday.

A $4.2 billion deal for Boeing to buy the civil jetmaking arm of Brazil's Embraer has hit a roadblock over implementation, leaving its fate uncertain unless a breakthrough can be found quickly, people familiar with the talks said.

Apple Inc and Alphabet Inc's Google on Friday updated technical details of the coronavirus contact tracing system they plan to release next month, saying new features would strengthen privacy protections and give health authorities more detailed data.

Oilfield services provider Halliburton Co said on Friday it would cease most of its operations in Venezuela after the U.S. Treasury Department imposed tight new regulations on oil and gas companies doing business in the South American nation.

A standoff between the two largest nations in the European Union and Silicon Valley escalated on Friday as Apple and Google rebuffed demands by France and Germany to back their approach to using smartphone technology to trace coronavirus infections.

Credit card issuer American Express Co said on Friday it would cut spending by nearly $3 billion in 2020 after its quarterly profit sank 76% as it set aside more money to brace itself against a wave of potential delinquencies.

The Dow Jones headed lower on Friday, led by Boeing and Intel, with investors staying cautious about an economic recovery as some states prepared to relax the coronavirus-induced lockdowns.

Lufthansa expects it will operate 100 fewer aircraft with 10,000 fewer staff after the coronavirus crisis ends, its chief executive Carsten Spohr told employees on Friday.