Business

United Airlines is preparing for the biggest pilot furloughs of its history after announcing on Thursday the need to cut 2,850 pilot jobs this year, or about 21% of the total, without further U.S. government aid.

Home sales are booming. Stocks are setting record highs. Industrial production is clambering out of the ditch it fell into early this year.

A former president of the United Auto Workers union was charged with corruption Thursday, accused of conspiring with his successor and others to embezzle money for golf, vacation villas and fine dining.

The European Commission has made a 336 million euros ($396 million) downpayment to British drug maker AstraZeneca to secure at least 300 million doses of its potential COVID19 vaccine, a spokesman said on Thursday.

The U.S. government's road safety agency is offering a smartphone app that will alert drivers if their vehicles are recalled.

The Federal Reserve on Thursday rolled out an aggressive new strategy to restore the United States to full employment and lift inflation back to healthier levels in a world where it now believes that "downward risks to employment and inflation have increa...

Cosmetics maker Coty Inc on Thursday posted a biggerthanexpected quarterly loss and a 56% slump in sales, as demand for its beauty products took a hit from closures of stores and parlors during coronavirus lockdowns.

Federal Reserve Chair Jerome Powell is expected on Thursday to begin setting out the U.S. central bank's new strategy for meeting its price stability and maximum employment goals, a longanticipated overhaul that comes amid a deep economic crisis and just...

Ecommerce retailer The Hut Group Ltd said on Thursday it was planning an initial public offering in London, planning to raise at least 920 million pounds ($1.21 billion), as it looks to tap pandemicaccelerated investor appetite for the sector.

Asian shares touched twoyear peaks on Thursday in the wake of Wall Street's record run as cheap cash drove up bigcap tech darlings, although SinoU.S. tensions caused caution to creep in as the session progressed.

Oil tanker group Frontline reported a big jump in secondquarter earnings on Thursday as energy traders paid to store crude that went unsold amid the COVID19 pandemic, the company said on Thursday.

El Al Israel Airlines swung to a loss in the second quarter with commercial operations still suspended due to COVID19, while cargo flights and cutbacks were unable to offset the loss in revenue from passenger flights.

Oil prices held steady on Thursday as a massive hurricane in the Gulf of Mexico raced towards the heart of the U.S. oil industry, which has forced oil rigs and refineries to shut down production.

Indian shares rose for a fifth straight session on Thursday, ahead of the expiry of derivative contracts for August, with financials leading the gains and real estate stocks jumping after a state in the country reduced a tax on property.

Google's own engineers were troubled by the way the company secretly tracked the movements of people who didn't want to be followed until a 2018 Associated Press investigation uncovered the shadowy surveillance, according to unsealed documents in a consum...

President Donald Trump is weighing executive action to avoid massive layoffs at U.S. airlines if Congress fails to agree a fresh coronavirus stimulus package, White House Chief of Staff Mark Meadows said on Wednesday.