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United Airlines (UAL.O) is preparing for the biggest pilot furloughs of its history after announcing on Thursday the need to cut 2,850 pilot jobs this year, or about 21% of the total, without further U.S. government aid. Airlines, reeling from Read more
Apparel retailer Gap Inc (GPS.N) reported a surprise 13% rise in quarterly comparable sales on Thursday, as consumers stuck at home due to the COVID-19 pandemic bought more of its Old Navy and Athleta clothing online. People working or studying Read more
Japan Display (6740.T) said on Friday it has agreed to sell a smartphone screen plant in central Japan to Sharp Corp (6753.T) for $390 million, raising funds to repay debt it owes Apple Inc (AAPL.O) for the plant construction costs. Read more
A nuclear energy venture founded by Bill Gates said Thursday it hopes to build small advanced nuclear power stations that can store electricity to supplement grids increasingly supplied by intermittent sources like solar and wind power. The effort is part Read more
U.S. energy companies on Thursday were organizing crews to evaluate offshore Gulf of Mexico platforms and assess damage to coastal operations as Hurricane Laura took its fierce winds inland. The storm hit Louisiana early Thursday with 150 mile-per-hour (240 kph) Read more
The number of Americans filing new claims for unemployment benefits hovered around 1 million last week, suggesting the labor market recovery was stalling as the COVID-19 pandemic drags on and financial aid from the government dries up. The government also Read more
Walmart Inc WMT.O is partnering with Microsoft Corp (MSFT.O) in the software maker’s bid for Bytedance-owned TikTok, the world’s largest retailer said on Thursday. ByteDance has been in talks to sell TikTok’s North American, Australian and New Zealand operations which Read more