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Exclusive: United Airlines only needs 3,000 of 25,000 flight attendants in June - sources

United Airlines Holdings Inc has told staff that it only has work for about 3,000 of its about 25,000 flight attendants in June, sources said, and warned of job losses if demand does not recover by the time government payroll aid expires in the fall......»»

Category: topSource: REUTERSMay 15th, 2020Related News

For one CA business, coronavirus both a boost and burden

A California produce packaging supplier is experiencing the boom and burden of the novel coronavirus,with a huge increase in sales as well as expenses to keep the workplace safe. Jillian Kitchener has more......»»

Category: videoSource: REUTERSMay 15th, 2020Related News

U.S. moves to cut off Huawei from chip suppliers

The Trump administration moved Friday to block shipments of semiconductors to Huawei Technologies from global chipmakers. As Fred Katayama reports, the action is sure to ramp up tensions with China......»»

Category: videoSource: REUTERSMay 15th, 2020Related News

Coronavirus pummels U.S. retail sales, industrial production

U.S. retail sales endured a second straight month of record declines in April as the novel coronavirus pandemic kept Americans at home, putting the economy on track for its biggest contraction in the second quarter since the Great Depression......»»

Category: topSource: REUTERSMay 15th, 2020Related News

Wall Street falls as trade war fears add to virus woes

A slump in technology stocks knocked Wall Street's main indexes lower on Friday, as signs of deteriorating trade relations between the United States and China added to economic worries due to the novel coronavirus pandemic......»»

Category: topSource: REUTERSMay 15th, 2020Related News

Exclusive: Virgin Atlantic won"t resume flights until August if UK introduces quarantine - source

Virgin Atlantic will not be able to resume passenger flights until August at the earliest if Britain introduces a 14-day quarantine for travellers, according to a source at the airline......»»

Category: topSource: REUTERSMay 15th, 2020Related News

Shares in Wirecard fall sharply; traders cite concerns about Dubai business partner

Shares in Wirecard fell more than 13% to their lowest in more than two years on Friday, traders pointing to a tweet about a business partner based in Dubai liquidating as the reason for the sudden sharp drop in afternoon trade......»»

Category: topSource: REUTERSMay 15th, 2020Related News

U.S. cracks down on global chip exports to Huawei, China retaliation eyed

The Trump administration on Friday moved to block global chip supplies to blacklisted telecoms equipment giant Huawei Technologies [HWT.UL], spurring fears of Chinese retaliation and hammering shares of U.S. producers of chipmaking equipment......»»

Category: topSource: REUTERSMay 15th, 2020Related News

Fitness equipment sellers shift to home gyms

As coronavirus stay-at-home orders have shut gyms, their customers are turning to home workouts to keep in shape during the pandemic......»»

Category: videoSource: REUTERSMay 15th, 2020Related News

Retail sales drop record 16.4% in April

U.S. retail.....»»

Category: videoSource: REUTERSMay 15th, 2020Related News

Cartier-maker Richemont gloomy about next three years

Cartier maker Richemont reported a 67% fall in annual profit on Friday and said the impact of the coronavirus could last up to three years despite signs of recovery in China. Ciara Lee reports.....»»

Category: videoSource: REUTERSMay 15th, 2020Related News

As euro zone growth plunges, Germany looks least awful

Germany seems to be weathering the economic storm better than most of the euro zone, but GDP figures everywhere in the region make grim reading. Julian Satterthwaite reports......»»

Category: videoSource: REUTERSMay 15th, 2020Related News

Fiat Chrysler in talks over 6.3 billion euro state-guaranteed loan: source

Fiat Chrysler is in talks with Italian lender Intesa Sanpaolo over a 6.3 billion euro ($6.8 billion) state-guaranteed loan to help the automaker weather the coronavirus crisis, a source close to the matter said on Friday......»»

Category: topSource: REUTERSMay 15th, 2020Related News

Lockheed Martin to pay $300 million more to suppliers hit by coronavirus

U.S. weapons maker Lockheed Martin Corp said on Friday it would pay an additional $300 million to its suppliers hurt by a sharp economic slowdown caused by the coronavirus crisis......»»

Category: topSource: REUTERSMay 15th, 2020Related News

As Air France restores some flights, pilots queue for simulator

Air France is putting its grounded pilots through their paces in the flight simulator as the airline prepares to restore flights to dozens of destinations that had been suspended under coronavirus lockdown measures......»»

Category: topSource: REUTERSMay 15th, 2020Related News

SAA has spent $539 million since filing for bankruptcy protection: practitioners

South African Airways (SAA) has spent just under 10 billion rand ($539.94 million) since it entered business rescue, a form of bankruptcy protection, Business Rescue practitioners said on Friday......»»

Category: topSource: REUTERSMay 15th, 2020Related News

White House"s Kudlow floats cutting U.S. corporate tax rate in half

White House Economic Adviser Larry Kudlow on Friday floated the idea of cutting the corporate tax rate in half for U.S. companies who bring their operations back from other countries......»»

Category: topSource: REUTERSMay 15th, 2020Related News

U.S.-China trade deal not falling apart: White House adviser

The U.S.-China trade deal reached in January is absolutely not falling apart and the two countries are still working on trade, White House adviser Larry Kudlow said on Friday......»»

Category: topSource: REUTERSMay 15th, 2020Related News

U.S. stock market falls on plunging retail sales; oil up

U.S. stocks sank on Friday after data showed a worse-than-expected drop in retail sales and as investors worried about increased Sino-U.S. trade hostilities, while signs of a pick-up in demand helped boost oil prices......»»

Category: topSource: REUTERSMay 15th, 2020Related News

Wall Street retreats as trade war fears compound virus woes

U.S. stocks dropped on Friday as signs of deteriorating trade relations between the United States and China added to economic worries due to the novel coronavirus pandemic......»»

Category: topSource: REUTERSMay 15th, 2020Related News