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Ryanair in advanced talks over possible new Boeing order

Reuters Business News - Fri, 05/01/2020 - 03:54
Ryanair is in advanced talks about a potential new plane order with Boeing, but possible price cuts or cancellations of its existing 737 MAX order are also part of the discussions, chief executive Michael O'Leary said on Friday.
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Norwegian Air's fate in balance as result of rescue vote awaited

Reuters Business News - Fri, 05/01/2020 - 03:18
The fate of Norwegian Air was in the balance on Friday after a deadline passed overnight for bondholders to vote on a rescue package for the transatlantic budget airline.
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Amazon extends work from home regime till October 2

Reuters Business News - Fri, 05/01/2020 - 03:14
Amazon.com Inc has told staff whose job can be done from home that they can do so until at least Oct. 2, pushing out the timeline on a return to work for many employees as it faces scrutiny over conditions in its warehouses.
Categories: Reuters

Dreams grounded: Cadet pilots face uncertain future as coronavirus turns shortage to surplus

Reuters Business News - Fri, 05/01/2020 - 03:01
Mark, 34, quit his job as a town planner in London last year to start flight-training school, buoyed by a conditional offer of employment with budget carrier easyJet at a time when the airline industry was desperately short of pilots.
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Norway wealth fund backs Barclays climate goals amid investor pressure

Reuters Business News - Fri, 05/01/2020 - 02:50
Norway's sovereign wealth fund will vote in favour of a resolution committing Barclays to tackling climate change at the bank's annual general meeting on May 7, instead of a separate shareholder one, the fund said on Friday.
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Timeline: Norwegian Air's battle for survival

Reuters Business News - Fri, 05/01/2020 - 02:32
The fate of Norwegian Air hangs in the balance on Friday after a deadline passed overnight for bondholders to vote on a rescue package for the transatlantic budget airline.
Categories: Reuters

'W-shaped' recovery may be too optimistic, Fed's Powell suggests

Reuters Business News - Fri, 05/01/2020 - 02:10
Federal Reserve Chair Jerome Powell has sketched out an altogether bumpier ride for the U.S. economy than many are predicting - one that sees business activity stop and start for months to come, until an effective treatment or vaccine for the novel coronavirus can be found.
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Norway wealth fund to back AGM resolution to make Barclays a 'net zero' bank

Reuters Business News - Fri, 05/01/2020 - 01:19
Norway's sovereign wealth fund will vote in favour of a resolution committing Barclays to tackling climate change at the bank's annual general meeting on May 7, the fund said on Friday.
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Ryanair grounds virtually all planes until July, reviews growth plans

Reuters Business News - Fri, 05/01/2020 - 01:17
Ryanair on Friday announced it would ground more than 99% of its flights until July and said it had begun negotiations with Boeing about cutting the number of aircraft deliveries over the next 24 months.
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ISS gives 'cautionary' backing for JPMorgan lead director Raymond

Reuters Business News - Thu, 04/30/2020 - 22:45
Institutional Shareholder Services (ISS) recommended on Thursday that investors vote in favor of all board nominees at JPMorgan Chase & Co but called its support for lead independent director Lee Raymond "cautionary."
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Biggest U.S. banks says they submitted $45.8 billion in loans for emergency aid program

Reuters Business News - Thu, 04/30/2020 - 20:55
The two largest U.S. banks, JPMorgan Chase & Co and Bank of America, said on Thursday that they submitted almost half a million applications worth nearly $46 billion to the Small Business Administration's Paycheck Protection Program for small businesses hurt by the coronavirus shutdown.
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Tesla cuts price for China-made Model 3 cars by 10% to qualify for subsidies

Reuters Business News - Thu, 04/30/2020 - 20:44
U.S. electric vehicle maker Tesla Inc said in Friday it has cut the starting price for China-made Model 3 sedans by 10% to qualify for subsidies in the world's biggest auto market.
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Amazon sees possible second-quarter loss as it forecasts $4 billion in COVID-19-related costs

Reuters Business News - Thu, 04/30/2020 - 20:34
Amazon.com Inc on Thursday said it could post its first quarterly loss in five years even as revenue surges because it is spending at least $4 billion in response to the coronavirus pandemic, including plans to test its workforce for COVID-19.
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Boeing raises $25 billion in blowout debt sale

Reuters Business News - Thu, 04/30/2020 - 19:28
Boeing Co raised $25 billion in a bond offering on Thursday, a blowout result for the planemaker, which is shoring up its finances during the coronavirus-induced travel downturn.
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Boeing says will not seek further funds from U.S. govt

Reuters Business News - Thu, 04/30/2020 - 19:27
Boeing Co has no plans to seek additional funding through the capital markets or from the U.S. government at this time, the planemaker said in a statement on Thursday.
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Trump threatens new tariffs on China as U.S. mulls retaliatory action over virus

Reuters Business News - Thu, 04/30/2020 - 19:14
U.S. President Donald Trump said on Thursday his hard-fought trade deal with China was now of secondary importance to the coronavirus pandemic and he threatened new tariffs on Beijing, as his administration crafted retaliatory measures over the outbreak.
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Gilead to work with partners to ramp up production of potential coronavirus treatment

Reuters Business News - Thu, 04/30/2020 - 19:02
Gilead Sciences Inc , maker of the closely-watched experimental coronavirus drug remdesivir, on Thursday said it will work with international partners to expand production of the potential COVID-19 treatment.
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American Airlines, Delta, United to require facial coverings on U.S. flights

Reuters Business News - Thu, 04/30/2020 - 18:50
Three of the largest four U.S. airlines said Thursday they will require passengers to wear facial coverings on U.S. flights, joining JetBlue Airways Corp in taking the step to address the spread of the coronavirus and convince reluctant passengers to resume flying.
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Apple sales inch higher despite coronavirus but CEO Tim Cook sees uncertain future

Reuters Business News - Thu, 04/30/2020 - 18:32
Apple Inc reported sales and profits that beat Wall Street expectations Thursday, with Chief Executive Officer Tim Cook saying China sales were "headed in the right direction" as that country reopens from the novel coronavirus.
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Wall St. caps best month in decades with broad sell-off

Reuters Business News - Thu, 04/30/2020 - 18:12
U.S. stocks lost ground on Thursday as grim economic data and mixed earnings prompted investors to take profits at the close of the S&P 500's best month in 33 years, a remarkable run driven by expectations the economy will soon start recovering from crushing restrictions enacted to curb the coronavirus pandemic.
Categories: Reuters
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