Edition:
United States

Sanjana Shivdas

GM asks judge to reinstate racketeering case against rival Fiat Chrysler

Aug 03 2020

General Motors Co on Monday asked a U.S. federal judge to reinstate a racketeering lawsuit against Fiat Chrysler Automobiles NV (FCA), saying it has new information on foreign accounts used in an alleged bribery scheme involving its smaller rival and union leaders.

UPS shares hit new high as pandemic drives healthcare, e-commerce shipments

Jul 30 2020

United Parcel Service Inc exceeded analyst estimates for quarterly profit and revenue on Thursday as pandemic-fueled rises in lucrative healthcare and air shipments helped offset a margin squeeze from surging e-commerce home deliveries, sending shares up as much as 17.6%.

General Dynamics cuts 2020 profit forecast as pandemic weighs on IT, aerospace

Jul 29 2020

General Dynamics Corp cut its full-year profit outlook on Wednesday as its information technology and aerospace units grappled with coronavirus-led disruptions, although it signaled a gradual pick-up in demand for its Gulfstream jets.

American and Southwest rethink summer flight adds as demand stalls

Jul 23 2020

American Airlines and Southwest Airlines are rethinking the number of flights they had planned to add to their schedules for August and September as COVID-19 cases accelerated in the United States, passing 4 million on Thursday.

Southwest says reviewing summer flights as bookings stall

Jul 23 2020

Southwest Airlines Co said on Thursday it is rethinking the number of flights it had planned to add in August and September as weakening revenue pushes its daily cash burn up.

United CEO says mask wearing will help demand, calls planes 'uniquely safe'

Jul 22 2020

CHICAGO United Airlines' chief executive said on Wednesday that lessons learned about preventing the spread of COVID-19, including wearing masks, will underpin a recovery in travel demand and called airplanes "a uniquely safe environment." | Video

Lockheed Martin raises 2020 profit forecast, shares jump

Jul 21 2020

Lockheed Martin raised its full-year profit and revenue forecasts on Tuesday as the U.S. weapons supplier overcame coronavirus-driven supply disruptions to post higher quarterly sales in its aeronautics unit that makes the F-35 fighter jet.

American Airlines expects to halt cash burn by year-end, shares jump

Jun 12 2020

American Airlines Group Inc said on Friday it expects to halt its daily cash burn by the end of 2020 thanks to cost-cutting measures and an improvement in travel demand, easing concerns about its short-term liquidity. | Video

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