Airline engine manufacturer GE Aviation, with hundreds of workers in Durham, is cutting is domestic workforce amid a devastating impact to the travel industry in the wake of COVID-19. GE (NYSE: GE) CEO Lawrence Culp Jr. told employees in a letter issued …
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NEW YORK (Reuters) – Wild swings in asset prices have thrown a spotlight on liquidity in corners of the $4.4 trillion market for U.S. exchange-traded funds, which have played a key role for investors in Wall Street’s coronavirus-fueled sell-off. FILE PHOTO: …
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Boeing Co. (BA) – Get Report shares surged higher Tuesday after it stuck to forecasts for mid-year return for the 737 MAX and investors bet a Senate coronavirus stimulus bill could steer billions towards the troubled planemaker. Boeing CEO David Calhoun …
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Sweeping travel bans will cost airlines around €230 billion this year, more than twice the original estimate of Covid-19 revenue losses. Irish carriers such as Aer Lingus, Ryanair and Stobart Air are shutting operations as air travel grinds to a halt in the face of …
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NEW YORK (Reuters) – Oil rose about 2% on Tuesday after the U.S. Federal Reserve said it would take step to bolster the economy and on growing hopes the United States will soon reach a deal on a $2 trillion coronavirus economic package. FILE PHOTO: …
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