Coronavirus

U.S. airlines make urgent call for new bailout as job cuts loom

The chief executives of American Airlines, United Airlines and JetBlue Airways and the major aviation unions held a press conference Tuesday afternoon on Capitol Hill as part of a last-ditch effort for a six-month extension of the payroll support program granted through the $25 billion bailout from Congress back in March.  

Disney Parks chief asks California for help in re-opening

"The longer we wait, the more devastating the impact will be to the Orange County and Anaheim communities, and the tens of thousands of people who rely on us for employment," Chairman of Disney Parks, Experiences & Products Josh D'Amaro said. "We are ready, and more importantly, it's time." 

Ralph Lauren to cut 15% of global workforce

The reduction in its workforce is part of the company's "Next Great Chapter plan" in which it hopes to "deliver sustainable long-term growth and value creation" amid a tumultuous time for businesses.