Business

Boeing will cut more jobs as it continues to bleed money and lose revenue during a pandemic that has smothered demand for new airline planes.

Molecular Partners' shares jumped as much as a third on Wednesday after Swiss drugs giant Novartis inked a deal to license two of the Zurichbased biotech company's antiviral drugs that it hopes to use to treat COVID19 patients.

The family of late Samsung Electronics chairman Lee Kunhee held a funeral ceremony on Wednesday for the patriarch, whose death on Sunday threw into question the control of the chipmaker and the country's largest conglomerate.

A gauge of global stock markets fell and the U.S. dollar slipped on Tuesday as investors grappled with a surge in coronavirus cases and uncertainty over the impending U.S. election.

President Donald Trump spent four years upending seven decades of American trade policy.

The markets are unnerved by lack of progress on fiscal stimulus, rising corona cases in Europe and the US and the latest escalation in US-China tensions

British aeroengine maker RollsRoyce Holdings Plc plans to temporarily close factories, reduce working hours and cut benefits as part of new costcutting measures, the Financial Times reported on Monday.

Demand for marijuana products in U.S. states where they are legal in some form has been resilient this year, despite the pandemic.

American Airlines Group plans to return Boeing 737 Max jets to service for passenger flights by the end of this year depending on certifictaion of the aircraft from the Federal Aviation Administration (FAA), it said on Sunday.

Stocks that moved heavily or traded substantially Friday:

Benchmark U.S. crude oil for November delivery fell 8 cents to $40.88 a barrel Friday. Brent crude oil for December delivery fell 23 cents to $42.93 a barrel.

Global shares rose on Friday while safehavens such as the dollar softened as investors welcomed news that drugmaker Pfizer Inc could have a coronavirus vaccine ready in the United States by the end of this year.

Navistar International Corp said a takeover offer from Volkswagen's trucks unit Traton would need to be raised to $44.50 per share to win shareholders' backing, hours before Volkswagen's $43 per share offer was due to expire.

This measure, according to the RBI, is expected to give a fillip to bank lending to the real estate sector which is critical for economic recovery, given its role in employment generation and the inter linkages with other industries.

Jobless Americans who received enhanced unemployment benefits during the pandemic were able to boost spending and pad up their savings for a time. But the majority of those savings were spent quickly after emergency benefits expired, a study released on F...

General Motors' Cruise autonomous vehicle unit says it will pull the human backup drivers from its vehicles in San Francisco by the end of the year.