Lufthansa accepts tweaked demands by Brussels over state bailout
- Lufthansa's management board has accepted a more favourable set of demands from the European Commission in exchange for approval of a 9 billion euro ($10 billion) government bailout, the carrier said on Saturday, paving the way for its rescue.
Sat, 30 May 2020 07:19:30 -0400
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Google postpones Android 11 unveiling amid U.S. protests
- Alphabet Inc's Google on Saturday said it has postponed next week's planned unveiling of the beta version of its latest Android 11 mobile operating system in light of protests and unrest in the United States.
Sat, 30 May 2020 04:26:48 -0400
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Exclusive: Zoom plans to roll out strong encryption for paying customers
- Video conferencing provider Zoom plans to strengthen encryption of video calls hosted by paying clients and institutions such as schools, but not by users of its free consumer accounts, a company official said on Friday.
Fri, 29 May 2020 22:35:58 -0400
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U.S. pipeline operator Energy Transfer warns of coming job cuts
- U.S. pipeline operator Energy Transfer LP will begin cutting about 6% of its workforce next week, underscoring the spreading impact of weak oil and gas prices on the energy business.
Fri, 29 May 2020 21:23:30 -0400
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Sale of shut Philly refinery to real estate developer delayed
- The closing of a $252 million sale of the Philadelphia Energy Solutions (PES) oil refinery to a Chicago-based real estate developer has been delayed, a city official and source with knowledge of the agreement said on Friday.
Fri, 29 May 2020 20:57:58 -0400
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Lyft violates Washington DC sick day law during pandemic, lawsuit claims
- Lyft Inc was sued on Friday by a former driver who accused the ride-sharing company of failing to provide required paid sick leave to drivers in Washington, D.C., a policy she said could fuel the spread of the coronavirus.
Fri, 29 May 2020 20:53:50 -0400
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Wall Street Week Ahead: Investors eye consumer discretionary stocks as U.S. reopens
- Investors are taking a closer look at the market's consumer discretionary companies as a reopening U.S. economy fuels hopes of a turnaround for some of the sector's hardest-hit names.
Fri, 29 May 2020 20:43:40 -0400
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Wall Street ends mostly higher as U.S.-China spat simmers
- U.S. stocks finished mostly higher on Friday after President Donald Trump announced measures against China in response to new security legislation that were less threatening to the U.S. economy than investors had feared.
Fri, 29 May 2020 19:02:36 -0400
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United Airlines cutting 13 top jobs, adding international flights in July
- United Airlines Holdings Inc said on Friday it will eliminate 13 officer positions even as it adds international flights back to its network, part of a restructuring to address the hit on its business from the coronavirus pandemic.
Fri, 29 May 2020 18:37:10 -0400
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Southwest Airlines CEO sees low-fare environment when traffic returns
- Southwest Airlines Co Chief Executive Officer Gary Kelly said on Friday he expects a "brutal low-fare" environment when traffic returns after coronavirus-induced restrictions ease.
Fri, 29 May 2020 18:31:20 -0400
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