Business

General Electric to cut 10,000 aviation jobs

General Electric announced Monday it will cut an additional 10,000 jobs from its aviation sector as the coronavirus pandemic decimates the industry, forcing companies to cancel orders.

Business

Nokia profit up; sales dip with coronavirus supply issues

Finnish telecom equipment maker Nokia has reported improved first quarter profit but said the COVID-19 pandemic dented sales by around 200 million euros ($218 million) mainly due to supply issues associated with disruptions ...

Business

British Airways set to cut up to 12,000 jobs

British Airways is set to slash up to 12,000 jobs as part of a restructuring plan as the carrier grapples with the fallout of the novel coronavirus pandemic, its parent company IAG said Tuesday.

Business

GM suspends dividend to save cash

General Motors announced Monday that it will suspend its dividend and halt share repurchases as it conserves cash amid a broad economic slowdown expected to weigh on auto purchases.

Business

Trump says airline rescue plan coming soon

US President Donald Trump said Thursday his administration would present a plan this weekend to save the flagging airline industry, which is facing vastly reduced business as a result of the coronavirus pandemic.

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