Delta rolling out COVID-19 testing for all employees
Delta Air Lines Inc next week is launching a program to test employees for active COVID-19 and antibodies under a partnership with the Mayo Clinic and Quest Diagnostics Inc, Chief Executive Ed Bastian said in an employee memo on Thursday.
British Airways turns to Damien Hirst in its hour of need
British Airways will sell at least 10 works of art that normally hang in its executive lounges, a source said, turning to pieces by famous artists like Damien Hirst to raise millions of pounds to help it through the coronavirus pandemic.
Uber, Lyft drivers are employees, says California regulator
Drivers working for ride-hailing services such as Uber Technologies Inc and Lyft Inc will be considered employees under California’s new gig worker law, the state’s leading industry regulator said on Thursday.
Oil prices set for worst daily drop since April on inventories, bearish Fed
Oil prices slumped on Thursday, dragged down by another record build-up in U.S. crude inventories and the U.S. Federal Reserve’s projections that the world’s biggest economy would shrink 6.5% this year.
Wall Street slides at open on fears of second virus wave
U.S. stocks opened sharply lower on Thursday with the Nasdaq falling after a four-day rally on fears of a second wave of coronavirus infections and a grim economic forecast from the Federal Reserve.
PayPal pledges over $500 million to support minority-owned U.S. businesses
PayPal Holdings Inc said on Thursday it was pledging $530 million to support black and minority-owned businesses in the United States and foster diversity, amid worldwide protests over racial injustice.
Exclusive: Pershing Square’s Ackman eyes $1 billion-plus ‘blank-check’ company – sources
Billionaire investor William Ackman’s hedge fund Pershing Square Capital Management has filed confidentially with U.S. regulators for an initial public offering (IPO) of a blank-check investment vehicle that could raise more than $1 billion and be the …
Futures drop on fears of second virus wave, bleak economic view
U.S. stock futures fell sharply on Thursday on jitters over a second wave of coronavirus infections and a grim forecast for the economy from the Federal Reserve.
Uber, Lyft drivers now considered employees under California law
The California Public Utilities Commission (CPUC) said drivers under Transportation Network Companies (TNCs), which include ride-hailing services such as Uber Technologies Inc and Lyft Inc , would be considered employees under the state’s work law.
U.S. weekly jobless claims fall, but millions still unemployed
Layoffs in the United States are abating, but millions who lost their jobs because of COVID-19 continue to draw unemployment benefits, suggesting the labor market could take years to heal from the pandemic even as businesses resume hiring workers.
