Sectors News Results

  • Airlines Apply for Government Aid but Say Outlook Is Dire -- Update

    Several U.S. airlines on Friday applied for government funds to keep paying workers, but say they still need more cash as they face an existential crisis that doesn't look likely to abate soon. Major airlines including American Airlines Group Inc. (AAL), Delta Air Lines Inc. (DAL), United Airlines Holdings Inc. (UAL), JetBlue Airways Corp. (JBLU) and Southwest Airlines Co. (LUV) submitted applications for the government grants authorized under the $2 trillion stimulus package passed last week.

  • Correction to Airlines Aid Article

    Airlines Apply for Government Aid but Say Outlook Is Dire, "at 1925 ET, incorrectly stated Delta Air Lines Inc. (DAL) expects second-quarter revenue to fall $90 million in the seventh paragraph. It expects revenue to be down 90%. (END) Dow Jones Newswires 04-03-20 2013 ET Copyright (c) 2020 Dow Jones& Company, Inc..

  • Airlines Apply for Government Aid but Say Outlook Is Dire

    Several U.S. airlines on Friday applied for government funds to keep paying workers, but say they still need more cash as they face an existential crisis that doesn't look likely to abate soon. American Airlines Group Inc. (AAL), Delta Air Lines Inc. (DAL), United Airlines Holdings Inc. (UAL), and JetBlue Airways Corp. (JBLU) submitted applications for the government grants authorized under the $2 trillion stimulus package passed last week. Southwest Airlines Co. (LUV) has previously said it would apply.

  • Trump Pledges Support for Embattled Oil Industry -- 2nd Update

    By Timothy Puko and Christopher M. Matthews. WASHINGTON-- President Trump promised oil-industry leaders the government would help revive the sector during a much anticipated White House meeting Friday. Chief executives of Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) and leaders of seven other energy companies joined the president as the new coronavirus pandemic slows the economy and ravages the energy business.

  • Trump Pledges Support for Embattled Oil Industry -- Update

    By Timothy Puko and Christopher M. Matthews. WASHINGTON-- President Trump promised oil-industry leaders the government would help revive the sector during a much anticipated White House meeting Friday. Chief executives of Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) and leaders of seven other energy companies joined the president as the new coronavirus pandemic slows the economy and ravages the energy business.

  • Trump Pledges Support for Embattled Oil Industry

    By Timothy Puko and Christopher M. Matthews. WASHINGTON-- President Trump promised oil-industry leaders the government would help revive the sector during a much anticipated White House meeting Friday. Chief executives of Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) and leaders of seven other energy companies joined the president as the new coronavirus pandemic slows the economy and ravages the energy business.

  • U.S. Service-Sector Index Suffers Record Decline

    The U.S. services sector suffered a record fall in activity in March amid efforts to slow the spread of the coronavirus-- and analysts warned that subsequent months could show further declines. Private data firm IHS Markit said on Friday its U.S. services index-- a survey-based measure of activity in industries such as communications, finance and transportation-- saw its steepest one-month decline since the survey began a decade ago. The index fell to a seasonally adjusted 39.8 in...

  • Italy's Services Sector Suffers Hardest Coronavirus Blow

    Italy's services sector suffered an unprecedented decline in activity as the government tightened its lockdown during March in an effort to slow the spread of the coronavirus, with Spain seeing a collapse that was almost as severe. Data firm IHS Markit Friday said its Purchasing Managers Index for Italy's services sector plummeted to 17.4 from 52.1 in February, the largest drop in a single month since the series began in 1998. It was the largest drop ever recorded by IHS Markit...

  • Boeing Offers Employee Buyouts as Coronavirus Takes Toll -- Update

    Boeing Co. (BA) is offering buyout packages to its workforce as the plane maker comes to grips with the coronavirus pandemic's deepening toll on the global aviation industry. "We will need to balance the supply and demand accordingly as the industry goes through the recovery process for years to come," Chief Executive David Calhoun said in an internal email outlining the plan to Boeing (BA) employees early Thursday. "It's important we start adjusting to our new reality now."

  • Trump to Meet With Oil CEOs About Helping Industry-- Update

    By Christopher M. Matthews and Timothy Puko. President Trump is set to meet Friday with the heads of some of the largest U.S. oil companies to discuss measures to help the industry weather an unprecedented oil crash, people familiar with the matter said. The meeting is to take place at the White House and will include Exxon Mobil Corp. Chief Executive Darren Woods, Chevron Corp. Chief Executive Mike Wirth, Harold Hamm, executive chairman of Continental Resources Inc., and other top...

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