Delta to retire Boeing 777 aircraft fleet to rein in costs
Delta Air Lines said on Thursday it would no longer fly Boeing Co’s wide-body 777 aircraft and some of the other older high-maintenance jets, as the U.S. carrier looks to cut costs amid a steep fall in bookings due to travel restrictions around the w…
U.S. SEC charges two companies over misleading COVID-19 claims: statement
The U.S. Securities and Exchange Commission said on Thursday it has charged two companies for allegedly providing misleading claims related to COVID-19, the disease caused by the novel coronavirus, after previously suspending trading of both.
Nvidia turns to driver-assistance market as robo-taxis stall
Nvidia Corp, whose semiconductors power data centers, autonomous cars and robots, said on Thursday it plans to enter the market for technology that helps cars with automated lane-keeping, cruise control and other driver-assistance features.
Renault to discontinue iconic models as carmaker cuts costs: sources
Renault is preparing to substantially trim down its vehicle range, withdrawing well-known but ailing models like the Espace minivans, as part of looming cost cutting plans, four sources in the industry and close to the French carmaker said.
Futures fall on fears of prolonged economic downturn
Wall Street’s main indexes were set to extend declines on Thursday, following two prior sessions of losses, as investors worried the current economic downturn might be here for longer than initially presumed.
Zoom to expand in U.S. with engineering centers in Phoenix, Pittsburgh
Zoom Video Communications Inc said Thursday it plans to hire 500 software engineers for research and development locations in Phoenix and Pittsburgh over the next two years, expanding its engineering workforce by about 60%.
Deutsche Boerse says acquisitions to play major role in strategy
Acquisitions will play a “major role” in Deutsche Boerse’s strategy update later this year, the chief of the stock exchange said.
Millions more Americans file for jobless benefits as coronavirus layoffs widen
The global novel coronavirus crisis continues to batter the U.S. labor market, with millions more Americans, including white collar workers, filing for unemployment benefits last week as the hit from the pandemic spills over into a broader swath of the…
Exclusive: Tesla’s secret batteries aim to rework the math for electric cars and the grid
Electric car maker Tesla Inc plans to introduce a new low-cost, long-life battery in its Model 3 sedan in China later this year or early next that it expects will bring the cost of electric vehicles in line with gasoline models, and allow EV batteries…
How Tesla tapped a tiny Canadian lab for battery breakthroughs
Tesla Inc is a leader in electric vehicle battery technology, but the company doesn’t do all its own research.
