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Ryanair in advanced talks over possible new Boeing order
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.
Categories: Reuters
Norwegian Air's fate in balance as result of rescue vote awaited
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.
Categories: Reuters
Amazon extends work from home regime till October 2
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
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.
Categories: Reuters
Norway wealth fund backs Barclays climate goals amid investor pressure
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.
Categories: Reuters
Timeline: Norwegian Air's battle for survival
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
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.
Categories: Reuters
Norway wealth fund to back AGM resolution to make Barclays a 'net zero' bank
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.
Categories: Reuters
Ryanair grounds virtually all planes until July, reviews growth plans
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.
Categories: Reuters
ISS gives 'cautionary' backing for JPMorgan lead director Raymond
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."
Categories: Reuters
Biggest U.S. banks says they submitted $45.8 billion in loans for emergency aid program
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.
Categories: Reuters
Tesla cuts price for China-made Model 3 cars by 10% to qualify for subsidies
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.
Categories: Reuters
Amazon sees possible second-quarter loss as it forecasts $4 billion in COVID-19-related costs
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.
Categories: Reuters
Boeing raises $25 billion in blowout debt sale
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.
Categories: Reuters
Boeing says will not seek further funds from U.S. govt
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.
Categories: Reuters
Trump threatens new tariffs on China as U.S. mulls retaliatory action over virus
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.
Categories: Reuters
Gilead to work with partners to ramp up production of potential coronavirus treatment
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.
Categories: Reuters
American Airlines, Delta, United to require facial coverings on U.S. flights
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.
Categories: Reuters
Apple sales inch higher despite coronavirus but CEO Tim Cook sees uncertain future
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.
Categories: Reuters
Wall St. caps best month in decades with broad sell-off
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