Business News
Tesla to extend furlough by another week for certain employees: internal email
2020-05-03
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
2020-05-03
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
2020-05-03
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
2020-05-03
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
2020-05-02
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.