Futures pare gains as U.S. weekly jobless claims top 6 million

04/02/20 8:43 AM

U.S. stocks index futures gave up early gains on Thursday after the number of Americans filing claims for unemployment benefits topped a whopping 6 million as more jurisdictions enforced stay-at-home measures to curb the coronavirus.

Southwest Airlines to seek aid from U.S. Treasury as demand craters

04/02/20 8:37 AM

Southwest Airlines Co said on Thursday it intends to file an application with the U.S. Treasury department for aid to help it ride out the sharp drop in travel demand caused by the massive lockdowns because of the coronavirus pandemic.

U.S. weekly jobless claims hit record once again

04/02/20 8:37 AM

The number of Americans filing claims for unemployment benefits last week shot to a record high for a second week in a row - topping 6 million - as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say has pushed the economy into recession.

'Dear Elon': Ukraine takes up Tesla's ventilator offer via Twitter

04/02/20 8:36 AM

Ukraine has taken to Twitter to ask Elon Musk to send it ventilators after the billionaire chief executive of Tesla Inc offered to ship them across the world during the coronavirus pandemic.

Aerospace suppliers face bailout dilemma over job cuts

04/02/20 8:34 AM

Aerospace suppliers are drawing up plans to lay off workers as coronavirus quarantines cripple their cash balances - but bailout conditions and fears of losing critical skilled labor are forcing managements to juggle survival and future growth.

Lights, camera, audit: accountants grapple with remote company check-ups

04/02/20 8:32 AM

As audit season begins for British companies, some auditors stuck at home in coronavirus lockdown are turning to cameras to check clients' inventories, plant and equipment for compiling annual accounts.

Exclusive: Germany in talks to inject billions into Lufthansa - sources

04/02/20 8:15 AM

Germany is in talks to provide Lufthansa with billions of euros in state aid and could take a stake in the airline, which has grounded more than 90% of its fleet due to the coronavirus pandemic, people close to the matter said.

BlackRock, Schroders suspend UK real estate funds

04/02/20 8:11 AM

Investment managers BlackRock and Schroders said they have suspended trading in UK real estate funds aimed at institutional investors, citing difficulty in getting an accurate price for their assets.

World stocks drift as wary investors expect grim U.S. jobs data

04/02/20 8:10 AM

World stocks were mixed on Thursday, as the death toll from coronavirus rose and economic pain deepened, with another record week of jobless claims expected in the United States.

Boeing CEO sees lasting impact of coronavirus pandemic on aerospace industry: memo

04/02/20 8:00 AM

Boeing Co Chief Executive Dave Calhoun said on Thursday the coronavirus pandemic was going to have a lasting impact on the global aerospace industry, as he outlined steps for a voluntary layoff plan for employees.