Business

FILE PHOTO: The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, U.S., April 26, 2020. REUTERS/Jeenah Moon (Reuters) – U.S. stocks futures pared gains after ADP’s report showed the private sector lost a record 20 million jobs

(Reuters) – U.S. airlines are collectively burning more than $10 billion in cash a month and averaging fewer than two dozen passengers per domestic flight because of the coronavirus pandemic, industry trade group Airlines for America said in prepared testimony seen by Reuters ahead of a U.S. Senate hearing on Wednesday. FILE PHOTO: Flight attendants

MILAN (Reuters) – Fiat Chrysler Automobiles (FCA) plunged to a first-quarter loss of $1.8 billion and scrapped its full-year earnings forecast on Tuesday, as the automaker grapples with a coronavirus crisis that has hammered production and sales. FILE PHOTO: A car is displayed at the entrance of the FCA Italy headquarters, as FCA Mirafiori plant

NEW YORK (Reuters) – Apple Inc (AAPL.O) on Monday capitalized on the Federal Reserve’s emergency measures in response to the coronavirus outbreak to issue its cheapest bonds in years, making it the latest blue-chip company to do so to fund stock buybacks and dividends. FILE PHOTO: FILE PHOTO – The Apple Inc. logo is seen

MILAN (Reuters) – Luxury sports car maker Ferrari (RACE.MI) cut its 2020 core profit forecast on Monday due to disruption caused by the coronavirus pandemic, which it said would mainly hit second quarter results. FILE PHOTO: Ferrari Roma is unveiled during its first world presentation in Rome, Italy, November 14, 2019. REUTERS/Guglielmo Mangiapane The company,

SINGAPORE (Reuters) – The dollar rose, oil fell and stock markets were poised to slip on Monday as rising U.S.-China tensions over the coronavirus – and growing unease at the gulf between asset prices and grim economic reality – turned investors cautious. FILE PHOTO: A man wearing protective face mask, following an outbreak of the

(Reuters) – Roche (ROG.S) has won emergency approval from the U.S. Food and Drug Administration (FDA) for an antibody test to determine whether people have ever been infected with the coronavirus, the Swiss drugmaker said here on Sunday. FILE PHOTO: The logo of Swiss drugmaker Roche is seen at its headquarters in Basel, Switzerland January

FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett seen at the annual Berkshire shareholder shopping day in Omaha, Nebraska, U.S., May 3, 2019. REUTERS/Scott Morgan/File Photo (Reuters) – Berkshire Hathaway Inc (BRKa.N) has sold its entire stakes in the four largest U.S. airlines, Chairman Warren Buffett said Saturday at the company’s annual meeting. The conglomerate held

FILE PHOTO: The logo of Societe Generale is seen on the headquarters at the financial and business district of La Defense near Paris, France, February 4, 2020. REUTERS/Benoit Tessier/File Photo PARIS (Reuters) – French bank Societe Generale expects to have to provision 3.5 billion euros to 5 billion euros ($3.84 bln-5.49 bln) this year because

FILE PHOTO: An Airbus A350 is pictured with a Rolls-Royce logo at the Airbus headquarters in Toulouse, France December 4, 2014. REUTERS/ Regis Duvignau (Reuters) – British aero-engine maker Rolls-Royce Holdings Plc (RR.L) is considering cutting up to 15% of its workforce, a source close to the company told Reuters, with its customers cutting production

(Reuters) – For a glimpse at how Disney recovers from the coronavirus pandemic, look no further than Shanghai, where the entertainment giant has staged a limited reopening of Shanghai Disney Resort. Adults, kids and senior citizens wear masks while wandering among staff and security guards who carry contact-less thermometers and hand sanitizer. FILE PHOTO: Fireworks

(Reuters) – 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. FILE PHOTO: A municipal policeman wearing a protective face mask walks past the closed Apple store on the

(Reuters) – Silicon Valley billionaires Elon Musk and Mark Zuckerberg offered dueling views on lockdown measures designed to slow the spread of the coronavirus on Wednesday, with Facebook’s Zuckerberg endorsing the measures while Tesla’s Musk condemned them as anti-democratic. FILE PHOTO: Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing

FILE PHOTO: Planes of German airline Lufthansa are parked at Frankfurt airport as the spread of the coronavirus continues, Germany March 24, 2020. REUTERS/Ralph Orlowski VIENNA (Reuters) – Austria might demand a stake in Lufthansa (LHAG.DE) in exchange for granting emergency aid to the German flag carrier’s unit Austrian Airlines, the country’s conservative chancellor, Sebastian

FILE PHOTO: Waitrose trolleys are seen at a store in Harpenden as the spread of the coronavirus disease (COVID-19) continues, Harpenden, Britain, March 28, 2020. REUTERS/Peter Cziborra LONDON (Reuters) – Britain’s John Lewis Partnership has appointed James Bailey, a former director of Sainsbury’s (SBRY.L), to be the new boss of its upmarket supermarket chain Waitrose,

(Reuters) – Alphabet Inc (GOOGL.O) on Tuesday beat analysts’ estimate for quarterly revenue as its Google unit experienced a smaller drop-off in advertiser spending than had been anticipated given economic concerns related to the novel coronavirus. FILE PHOTO: The logo of Google is seen in Davos, Switzerland Januar 20, 2020. Picture taken January 20, 2020.