Tyson Foods to resume limited production at largest U.S. pork plant
Tyson Foods Inc will resume limited production at its largest U.S. pork plant this week, the company said late on Tuesday, a week after President Donald Trump ordered companies to keep meat-processing plants open to protect the supply chain.
U.S. stock futures, Chinese shares slip amid Sino-U.S. tensions, oil falters
Shares struggled and the yen gained on Wednesday, with markets in China faltering on their return from a long holiday as investors fretted over Sino-U.S. tensions, while oil ended an extended winning streak on oversupply risks amid weak demand.
Exclusive: U.S. airlines burn through $10 billion a month as traffic plummets
U.S. airlines are collectively burning more than $10 billion in cash a month and averaging fewer than two dozen passengers per domestic flight because of the coronavirus pandemic, industry trade group Airlines for America said in prepared testimony see…
Disney tests reopening strategy at Shanghai Disneyland
Walt Disney Co. will kick off its strategy next week to begin restoring its lucrative parks business that has suffered $1 billion in lost profits from the coronavirus-led shutdown.
U.S. airlines burn through $10 billion a month as traffic plummets
U.S. airlines are collectively burning more than $10 billion in cash a month and averaging fewer than two dozen passengers per domestic flight because of the coronavirus pandemic, industry trade group Airlines for America said in prepared testimony see…
Oil, stocks poised to gain in Asia on economic growth hopes
Global stocks and crude prices were set to extend gains in Asia on Wednesday on confidence that government steps to restart economies will bring back growth and demand for oil.
Mattel looks to Christmas for recovery as sales warning hits shares
Mattel Inc will have a new line of “Baby Yoda” toys ready to hit shelves in time for Christmas, the company said on Tuesday, even as it predicted a steep drop in second-quarter sales due to the coronavirus lockdowns.
Spirit AeroSystems says Boeing wants 125 737 MAX shipsets for 2020, down from 216
Spirit AeroSystems Holdings said on Tuesday it has reached an agreement with Boeing Co to deliver 125 737 MAX shipsets to the planemaker in 2020, down from the 216 it had previously announced.
Exclusive: U.S. airlines burn $10 billion a month as traffic plummets
U.S. airlines are collectively burning more than $10 billion in cash per month and averaging fewer than two dozen passengers per domestic flight in the wake of the coronavirus pandemic, industry trade group Airlines for America said in prepared testimo…
Occidental posts $2.2 billion loss on charges, deepens spending cuts
Occidental Petroleum Corp on Tuesday swung to a first quarter loss on writedowns and charges, and the troubled U.S. oil producer cut its budget for the third time since March in response to a historic oil-price crash.
