Ascena Retail Group, owner of Ann Taylor and Lane Bryant, filed for Chapter 11 bankruptcy protection on Thursday, succumbing to the economic fallout of the COVID-19 pandemic that has already pushed some of the biggest retailers to the brink.
Southwest Airlines and American Airlines each slowed their cash burn over the second quarter but warned that demand had stalled as COVID-19 cases spike, prompting Southwest to rethink the number of flights it had planned to add in August and September.
Melaniya Petrushanska spent almost a sixth of her life in accidental exile after Israel sealed its borders while she was abroad on what was meant to be a short holiday.
Southwest Airlines Co said on Thursday it is rethinking the number of flights it had planned to add in August and September as weakening revenue pushes its daily cash burn up. Southwest posted a net loss of $915 million, or $1.63 per share for the quarter ended June 30.
Rolls-Royce Chief Executive Warren East said the aerospace engineer was still examining options to strengthen its balance sheet and had not made any decisions.
Emirates airline is offering some pilots and cabin crew up to four months of unpaid leave, as it strives to manage the impact of the COVID-19 pandemic, an internal email said.
Singapore Airlines Ltd said on Thursday it had secured S$750 million ($541.87 million) of funding against some of its Airbus and Boeing aircraft to shore up liquidity amid plummeting demand due to the novel coronavirus.
Thousands of Spanish Airbus employees gathered outside a factory near Madrid on Thursday, waving banners and chanting through face-masks, to protest against a restructuring plan that will see hundreds of jobs lost.
Southwest Airlines Co on Thursday warned that travel demand would remain depressed until a vaccine or treatment for COVID-19 becomes available, as it posted a $915 million loss for the second quarter.
For more than two decades, Indian farmer Ravindra Kajal cultivated rice the way his forefathers had - every June he flooded his fields with water before hiring an army of farmhands to plant paddy seedlings.
U.S. frozen pork inventories fell 25% from a year earlier at the end of June, the U.S. Agriculture Department said on Wednesday, after coronavirus outbreaks in meatpacking plants slowed production.
South Korea's top budget carrier Jeju Air Co Ltd said on Thursday it decided to scrap a deal agreed in principle to take over smaller Korean peer Eastar Jet, after the industry was hit by air travel slump amid the coronavirus outbreak.
A U.S. appeals court on Wednesday ruled that Corteva Inc can continue to sell an agricultural weed killer that environmentalists said was threatening to plants and wildlife.
Southwest Airlines said on Wednesday it was eliminating all exemptions from its face-covering requirement except for children under 2 years old, beginning July 27.
UK pilots' union BALPA is recommending that its 4,300 members accept British Airways' proposal of about 20% reduced pay and voluntary severance to limit the amount of forced job cuts, the union said on Wednesday.
United Airlines expects its daily cash burn rate to slow to between $15 million and $20 million in the fourth quarter, depending on the pace of a recovery in demand, executives said on a conference call on Wednesday.
The Port of Paranaguá, Brazil's second busiest for soybean and sugar cargoes, is gradually resuming grain export operations after a fire that affected conveyor belts at two terminals, according to a statement from the port authority on Wednesday.
Many are still trying to sell you on the fact that gold is a hedge against market volatility. They suggest that you need to own gold to protect your portfolio when the stock market tanks.