Spirit AeroSystems Holdings Inc , a major jet parts maker struggling in the face of the ongoing Boeing Co 737 MAX grounding and COVID-19 pandemic, is extending furloughs for hundreds of 737 workers through August 14, the company said on Friday.
Customers of several British digital finance companies were unable to make payments or access their money on Friday after the collapse of German payments firm Wirecard caused disruption across borders.
Four major automakers will not take a position on legal challenges to the Trump administration's decision in March to dramatically weaken Obama-era fuel economy standards but want to weigh in on any court fix, according to a document seen by Reuters.
European stocks look poised to make up ground on Wall Street in the second half of 2020 as Joe Biden consolidates his lead over Donald Trump ahead of the November U.S. presidential election and a surge of new COVID-19 cases threatens the U.S. economic recovery.
Microsoft Corp said on Friday it would close its retail stores and take a related pretax asset impairment charge of US$450 million in the current quarter.
Nike Inc on Friday warned of job cuts as the world's largest footwear maker ramps up efforts to sell directly to customers through its online and retail channels.
SAN FRANCISCO: Microsoft said on Friday (Jun 26) it will close its stores around the world, moving its retail operations online and keeping only four locations that will be transformed into "experience centres." The move means the estimated 100 Microsoft stores closed due to the coronavirus ...
United Airlines said on Friday it would resume service to China, with two flights a week between San Francisco and Shanghai beginning July 8.
A key step to the return to service of the grounded Boeing 737 MAX could take place as soon as early next week, two people briefed on the matter said.
U.S. consumer spending rebounded sharply in May, but the gains are not likely to be sustainable, with income dropping and expected to decline further as millions lose their unemployment checks starting next month.
