Business

Walt Disney Co on Thursday reported quarterly revenue that was better than Wall Street expected as live sports returned to ESPN and the company's theme parks began recovering from shutdowns due to the coronavirus pandemic.

Wall Street dropped in a broad selloff and U.S. Treasury yields fell on Thursday as spiking COVID19 infections raised the probability of a new round of economic shutdowns, and investors grappled with the realization that any potential vaccine remains mont...

The Trump administration plans to unveil an executive order to prohibit U.S. investments in Chinese firms that Washington says are owned or controlled by the Chinese military, according to three sources familiar with the matter, ramping up pressure on Bei...

Business events and economic reports scheduled for the coming week.

Daimler will be a smaller company five years from now, focused on capturing recurring revenues with softwarebased services as MercedesBenz seeks to redefine luxury in an era of electric selfdriving cars, Chief Executive Ola Kaellenius said.

White collar staff reaping the financial benefits of working from home should be taxed to help other workers who aren't getting the same advantages, experts at Deutsche Bank said in a new report.

In a story November 10, 2020, about Walmart joining with GMs Cruise automated vehicle unit to test package delivery, The Associated Press erroneously reported that Cruise would use Chevrolet Volt vehicles. The company will use Chevrolet Bolt electric vehi...

Southwest Airlines Co said on Thursday an improvement in revenue seen in the past few months was losing steam in recent weeks amid surging COVID19 cases in the United States, sending the U.S. budget carrier's shares down 2% in premarket trade.

Ferrari unveiled the SF90 Spider on Thursday, a convertible version of its SF90 Stradale hybrid and part of the Italian luxury carmaker's drive to make 60% of sales from hybrid technology by 2022.

World stocks fell back on Thursday after an overnight comeback by big technology shares that have thrived during the pandemic.

German airline Lufthansa said on Wednesday it had reached a new deal with trade union Verdi to cut 200 million euros (£178 million) in costs in return for making no compulsory redundancies in 2021.

Stocks closed mostly higher on Wednesday, helped by big technology stocks, but news of tighter restrictions in New York State helped dent an earlier rally.

The Nasdaq closed higher on Wednesday as investors switched back to technology stocks and away from economically sensitive sectors as they weighed COVID19 vaccine progress against a virus surge and likely timing for a economic rebound.

The shipping industry must act now in order to meet U.N. targets to cut carbon emissions by 2050, leading officials said on Wednesday, ahead of a meeting next week that will seek to advance a plan.

Benchmark Brent oil rose to a more than twomonth high above $45 a barrel on Wednesday on hopes of an effective COVID19 vaccine and an industry report showing U.S. crude inventories fell more than expected.

Airlines in Malaysia could take three years to bounce back from the coronavirus pandemic, depending on the outbreak in the country and abroad, the transport ministry said.