Business & Finance News
The U.S. Transportation Department said late Friday it had granted tentative approval to 15 airlines to temporarily halt service to 75 U.S. airports because of the coronavirus pandemic.
The United States said on Friday it would add 33 Chinese firms and institutions to an economic blacklist for helping Beijing spy on its minority Uighur population or because of ties to weapons of mass destruction and China’s military.
An Uber customer on Friday asked a Manhattan federal judge to overturn an arbitration win for the company in a price-fixing case, arguing that the arbitrator only ruled in Uber’s favor because he was scared.
U.S. prosecutors have charged the recently ousted owner of a Hollywood movie distributor with defrauding a federal coronavirus emergency relief program and a BlackRock Inc investment fund, including to pay for a Beverly Hills mansion and other luxuries.
United Airlines Holdings Inc said on Friday it would pay Chief Executive Officer Scott Kirby an annual base salary of $1 million, lower than what prior head Oscar Munoz received.
Car rental firm Hertz Global Holdings Inc is preparing to file for bankruptcy as soon as Friday night after failing to reach a standstill agreement with its top lenders, the Wall Street Journal reported https://on.wsj.com/2A4ONKs, citing people familiar with the matter.
A group of U.S. agencies on Friday asked the Federal Communications Commission (FCC) to reconsider its unanimous April 22 decision to allow Ligado Networks [MOSAV.UL] to deploy a low-power nationwide mobile broadband network, saying it could pose a threat to global positioning systems (GPS).
A range of business groups have made an 11th-hour appeal to U.S. President Donald Trump as he weighs whether to restrict temporary work visas, warning of negative economic consequences if he blocks the flow of skilled foreign workers into the United States.
A group representing many major automakers on Friday backed the Trump administration’s decision to weaken Obama administration fuel efficiency standards but said it opposed further reductions in requirements.
Delta Air Lines Inc said https://news.delta.com/complimentary-care-kits-provide-delta-customers-travel-safety-essentials on Friday a care kit containing a disposable face mask and a Purell hand sanitizer gel will be available on request at ticket counters and gates by June 5.
Oil prices tumbled and global equity markets fell on Friday as China’s move to impose a new security law on Hong Kong further strained U.S.-China relations and clouded economic recovery prospects.
The U.S. Commerce Department said on Friday it was adding 33 Chinese companies and other institutions to an economic blacklist for human rights violations and to address U.S. national security concerns involving weapons of mass destruction and other military activities.
Wall Street ended mixed on Friday in a mostly tame finish to a week of strong gains, as investors gauged China-U.S. tensions and amid ongoing uncertainty about the pace of economic recovery from the coronavirus.
The U.S. Commerce Department said on Friday it is adding 33 Chinese companies and other institutions to an economic blacklist for human rights violations and to address U.S. national security concerns involving weapons of mass destruction and other military activities.
Unemployment rates rose and total employment fell in all 50 U.S. states and the District of Columbia in April as efforts to contain the coronavirus pandemic forced businesses to close across the country, the Labor Department said on Friday.
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