Investors gearing up for another week of corporate earnings may give more weight to the words of company executives than headline-grabbing numbers, as Wall Street seeks evidence that corporations can weather the uncertainty caused by the coronavirus pandemic.
Merging money-losing state carrier Malaysia Airlines Bhd (MAB) with budget airline AirAsia Group Bhd is one of the options to "save" them as the COVID-19 crisis batters the industry, Malaysia's second-most senior minister told Reuters on Friday.
Japan's top airlines are operating at nearly half their domestic capacity even though the coronavirus outbreak has left seats on flights mostly empty, amid a lack of clear government directives on the functioning of transport infrastructure in the crisis.
China has confirmed a new case of African swine fever in the eastern province of Jiangsu, the agriculture ministry said on Friday. The outbreak, detected in Muyang county in Jiangsu, was founded in 17 hogs illegally transported from outside the province.
Hong Kong's Cathay Pacific Airways Ltd will close its three cabin crew bases in the United States, the airline said on Friday, laying off 286 staff as the coronavirus pandemic has virtually halted global travel.
Southwest Airlines Co has approached unions representing pilots, flight attendants, mechanics and other employees to discuss potential concessions to prepare for a slow industry recovery, a company official told Reuters on Thursday.
Japan's top airlines are operating a majority of their domestic capacity even though the coronavirus outbreak has left seats on flights mostly empty, amid a lack of clear government directives on the functioning of transport infrastructure in the crisis.
China's pork output in the first quarter fell 29.1% from a year ago to 10.38 million tonnes, official data showed on Friday, as the world's biggest producer continues to feel the impact of the African swine fever that decimated its hog herd.
Hedge fund Third Point said on Thursday that it shifted much of its capital into credit investments after panic selling sparked by the coronavirus outbreak took a toll on its stock-heavy fund, with one of its portfolios losing 16% in the first quarter.
Boeing Co said it will resume commercial airplane production next week in Washington State after suspending operations last month in response to the coronavirus pandemic, and the company's chief executive told employees the aerospace industry will need financial help from the government.
Boeing Co said it will resume commercial airplane production next week in Washington State after suspending operations last month in response to the COVID-19 pandemic.
The U.S. Transportation Department said on Thursday it had rejected most requests by Jetblue Airways Corp and Spirit Airlines to halt additional flights in the wake of the pandemic that has sent passenger traffic down by 95%.
Sports fans and players across the world frustrated by canceled matches because of the coronavirus epidemic are turning to e-sports, with professional real-world athletes joining virtual game tournaments of football, auto racing and basketball.
Canada's privately held WestJet Airlines is laying off 1,700 pilots amid travel bans to curb the COVID-19 pandemic, according to a company memo seen by Reuters on Thursday.
The union representing factory-line workers at planemaker Embraer's main Brazilian plant approved on Thursday a plan to keep the factory open, while slashing salaries and keeping some 1,000 employees working.
State-owned Saudi Arabian Airlines does not expect flight operations to return to normal until the end of the year and is asking some cabin crew employees to suspend their contracts until then, according to internal emails seen by Reuters.
Neiman Marcus Group skipped a bond payment due this week to Marble Ridge Capital LP, according to a letter the hedge fund sent the luxury retailer on Thursday, setting the heavily indebted chain on a path toward bankruptcy.
Ontario's health ministry has asked hospitals to temporarily stop transferring patients to long-term care and retirement homes, according to a memo obtained by Reuters, as coronavirus infections and deaths mount in the homes and thousands of hospital beds sit empty.
Pot producer Canopy Growth Corp said on Thursday it plans to shut down its Canadian indoor facility in Yorkton, Saskatchewan, and also cut about 85 full-time positions.