Business News
Tesla to extend furlough by another week for certain employees: internal email
Tesla Inc, on Friday, told furloughed employees that they will remain out of work for at least another week, postponing a plan to resume normal operations on May 4 at its vehicle-assembly plant in San Francisco, according to an internal email.
Berkshire's Buffett posts almost $50 billion in losses as coronavirus causes pain
The coronavirus pandemic is hitting Warren Buffett's Berkshire Hathaway Inc, posting a record quarterly net loss of nearly $50 billion on Saturday and saying performance is suffering in several major operating companies.
Rolls-Royce considering reducing its workforce by up to 15 percent-source
British aircraft manufacturer Rolls-Royce Holdings is considering cutting up to 15 per cent of its workforce, a source close to the company told Reuters, as customers cut production and airlines park their aircraft due to the coronavirus pandemic
Intel in talks to buy Israel's $1 billion Moovit public transit app
Chipmaker Intel Corp is in advanced talks to acquire Moovit for $1 billion from Israeli public transit app developer, financial news website Calcalist reported Sunday.
Long lines, lots of kids, and lots to touch How does Disney open its parks again
Look no further than Shanghai where the entertainment giant has staged a limited reopening of Shanghai Disney Resort for a glimpse into how Disney recovers from the coronavirus pandemic. Adults, children and the elderly wear masks while wandering among staff and security guards carrying contactless thermometers and hand sanitizers.