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United to scale back flights to Europe after March 19

Reuters Business News - Thu, 03/12/2020 - 16:46
United Airlines Holdings Inc said on Thursday it will continue to fly its regular schedule from Europe to the United States through March 19 but is scaling back flights after that date.
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Slack beats quarterly revenue estimates

Reuters Business News - Thu, 03/12/2020 - 16:37
Slack Technologies Inc beat Wall Street estimates for quarterly revenue on Thursday, as more companies bought its products to digitize their workflows.
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Boeing shares plummet as travel restrictions hit airlines

Reuters Business News - Thu, 03/12/2020 - 16:36
Shares in Boeing Co fell sharply for a second day on Thursday as sweeping U.S. travel restrictions on Europe, meant to curb the spreading coronavirus, heightened jitters about the company's growing cash burn.
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JetBlue CEO latest airline executive to take salary cut amid coronavirus

Reuters Business News - Thu, 03/12/2020 - 16:34
JetBlue Airways Chief Executive Robin Hayes is taking a temporary salary cut of 20%, the company said on Thursday, the latest airline executive to reduce or forgo base pay in an effort to rein in costs amid the spreading coronavirus.
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Oracle quarterly revenue tops estimates on strong cloud demand

Reuters Business News - Thu, 03/12/2020 - 16:33
Business software maker Oracle Corp on Thursday reported better-than-expected quarterly revenue as more companies opt for its cloud services and software, sending its shares up 3% in extended trading.
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Washington state repeals tax break; Boeing says U.S. complies with trade deal

Reuters Business News - Thu, 03/12/2020 - 16:30
Boeing said Washington state's move on Thursday to repeal of an aerospace business tax break brings the United States into full compliance with World Trade Organization rules, which U.S. policymakers hope will avert European Union tariffs on U.S. goods.
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Gap sees hit $100 million to first-quarter sales due to coronavirus

Reuters Business News - Thu, 03/12/2020 - 16:25
Gap Inc said on Thursday it expected a $100 million hit to first-quarter sales due to the impact of the fast-spreading coronavirus in Asia and Europe.
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Trump signs law to prevent U.S. rural telecom carriers from using Huawei network equipment

Reuters Business News - Thu, 03/12/2020 - 16:17
President Donald Trump signed legislation on Thursday to bar telecom carriers from using U.S. subsidies to purchase network equipment from Huawei Technologies [HWT.UL], ZTE Corp and other companies deemed a national security threat.
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Wall Street plunges, bringing record bull run to an end

Reuters Business News - Thu, 03/12/2020 - 15:54
Crashing U.S. stocks on Thursday confirmed Wall Street is in a bear market after new travel restrictions to curb the coronavirus spread spooked investors and rattled world markets.
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Airbnb bookings take hit amid global coronavirus outbreak

Reuters Business News - Thu, 03/12/2020 - 15:37
U.S. home rental company Airbnb Inc's bookings in major cities across the world have taken a blow due to coronavirus-fueled uncertainty in the travel industry, data from Airbnb-analytics firm AirDNA shows.
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Oil falls 7% after Trump surprises with travel curbs

Reuters Business News - Thu, 03/12/2020 - 15:33
Brent crude slid 7% on Thursday after President Donald Trump restricted travel to the United States from Europe as part of measures to try to halt the spread of coronavirus after the World Health Organization described the outbreak as a pandemic.
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Rio Tinto to pay ex-CEO's deferred bonus with interest

Reuters Business News - Thu, 03/12/2020 - 15:32
Rio Tinto Ltd will pay out part of a delayed bonus to former Chief Executive Sam Walsh after a dispute resolution process found that the payments should not be held up, both parties said on Thursday.
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Trump signs law to bar U.S. rural carriers from using Huawei network equipment

Reuters Business News - Thu, 03/12/2020 - 15:24
U.S. President Donald Trump signed legislation on Thursday to bars the use of U.S. subsidies by carriers to purchase network equipment from Huawei Technologies and other companies deemed a national security threat.
Categories: Reuters

Explainer: Fed may go into its crisis tool kit soon. What's in it?

Reuters Business News - Thu, 03/12/2020 - 14:56
Analysts and economists increasingly expect the Federal Reserve to roll out measures beyond interest rate cuts and bond purchases to ensure financial markets keep operating smoothly and banks have ample liquidity during the coronavirus outbreak.
Categories: Reuters

World stocks plunge into bear market on U.S. travel curbs, ECB move

Reuters Business News - Thu, 03/12/2020 - 14:53
Panic hit world financial markets on Thursday, after stimulus efforts from the European Central Bank failed to calm investors alarmed by U.S. moves to restrict travel from Europe over the coronavirus pandemic.
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Verizon raises 2020 capital expenditure in 5G push

Reuters Business News - Thu, 03/12/2020 - 14:37
Verizon Communications Inc on Thursday raised its full-year capital expenditure as it accelerates its transition to 5G network.
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U.S. weekly jobless claims drop, but coronavirus layoffs loom

Reuters Business News - Thu, 03/12/2020 - 14:32
The number of Americans filing for unemployment benefits unexpectedly fell last week as employers continued to hold on to their workers, but the coronavirus pandemic is expected to lead to an increase in layoffs as companies battle supply chain disruptions and sagging demand for some goods and services.
Categories: Reuters

U.S. Labor Department allows jobless benefits for coronavirus

Reuters Business News - Thu, 03/12/2020 - 14:31
The U.S. Labor Department on Thursday gave states flexibility to amend their laws to provide unemployment benefits in events related to the coronavirus in an effort to limit the damage on the economy from the pandemic.
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French watchdog to fine Apple over anti-competitive behaviour, sources say

Reuters Business News - Thu, 03/12/2020 - 14:21
France's competition watchdog is set to fine iPhone maker Apple Inc next Monday over anti-competitive behaviour in its distribution and sales network, two sources close to the matter said on Thursday.
Categories: Reuters

Oil falls 8% after Trump surprises with travel curbs

Reuters Business News - Thu, 03/12/2020 - 14:17
Brent crude slid 8% on Thursday after U.S. President Donald Trump restricted travel from Europe among measures to halt the spread of coronavirus after the World Health Organization described the outbreak as a pandemic.
Categories: Reuters
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