The top three U.S. airlines, hit hard by the coronavirus pandemic, are rolling out fresh programs to induce tens of thousands of employees to accept voluntary leave or early retirement in the hope of avoiding widespread furloughs in the fall, company memos show.
An English court on Thursday said it would need to decide which of Venezuela's dueling political factions to recognize before ruling on President Nicolas Maduro's request for the Bank of England to hand over gold the country has in its vaults.
Shareholders of the entertainment technology company Xperi will vote tomorrow on the company’s proposed $3 billion stock-for-stock merger with TiVo. But Delaware Chancery Court litigation over the merger won’t end with the shareholder vote. And now prominent shareholder firms are fighting over who will get to lead the case alleging that Xperi directors breached their duties to shareholders.
TikTok's poaching of Disney's Kevin Mayer to be its CEO was just the most visible part of a broader strategy by its Chinese owner to shift its centre of power away from China at a time of rising global tensions, several people familiar with the plans said.
Paddy Power and Betfair's parent Flutter Entertainment announced a share placement on Thursday that will see U.S. media group Fox Corp increase its investment in the group.
Paddy Power and Betfair's parent Flutter Entertainment announced a share placement on Thursday that will see U.S. media group Fox Corp increase its investment in the group.
General Electric expects to burn more cash than expected in the second quarter, as the industrial conglomerate struggles with weakness in its aviation business due to the coronavirus crisis, Chief Executive Officer Larry Culp said on Thursday.
LATAM Airlines and Avianca Holdings survived the Great Depression, but just a few weeks of quarantines forced both companies into bankruptcy, marking Latin America as the world's top spot for airline financial ruin.
KKR & Co Inc has raised close to $4 billion from investors to snap up corporate debt at significant discounts, as the coronavirus outbreak weighs on big swathes of the corporate world, people familiar with the matter said on Thursday.
An effort to extend parts of the Foreign Intelligence Surveillance Act (FISA) stalled in the U.S. Congress on Wednesday, after President Donald Trump promised to veto it and Republicans withdrew their support.