CNN Business (@CNNBusiness)

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Your guide to tech, media, finance and the future

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Global

2008-09-08 13:44:47

Boeing is offering employees buyouts as its CEO said it will take years for the airlines and aerospace industry to recover from the coronavirus crisis. https://cnn.it/3bQCten

Cathay Pacific is used to carrying about 100,000 daily passengers. At one point this week, it flew just 582 customers in a day https://cnn.it/39BzPr5

In the absence of proper work-from-home infrastructure (like, you know, an actual desk), a lot of people are getting creative. https://cnn.it/2R6Vy3X

Despite Amazon's expressions of support for its workforce, some Amazon employees and applicants say the company's messaging doesn't always match what they have seen inside warehouses. https://cnn.it/2UETZwn

Discount retailer Ross Stores is putting a "majority" of its employees on furlough beginning Sunday. Affected employees will still continue to receive their company-funded healthcare. https://cnn.it/2X3FsvD

In 2008, when the global economy was last in tatters, big banks were largely to blame. Now, financial firms may be the ones to help keep the economy afloat. https://cnn.it/3aEMF9j

British Airways will furlough 30,000 of its employees with pay, as the coronavirus pandemic halts global travel, forcing airlines to ground planes and slash costs. https://cnn.it/343Hnlx

Americans likely won't begin to see direct payments from the coronavirus stimulus bill until at least April 13, and it could take 20 weeks for all the checks to be mailed, Trump administration officials told lawmakers, according to a House Democratic memo. https://cnn.it/2X3Xdel

In Japan, 80% of companies do not have the ability to let their employees telework. And with Prime Minister Shinzo Abe declining to declare a state of emergency amid the coronavirus pandemic, companies can still legally operate from their offices. https://cnn.it/39ECKzs

Tesla built more than 100,000 vehicles in the first quarter, despite shutdowns at its plants in Shanghai and Fremont, California, due to health concerns associated with the coronavirus https://cnn.it/346qKpa

The Walt Disney Company notified its employees that it would furlough employees "whose jobs aren't necessary at this time" starting on April 19 https://cnn.it/2R5TUzC

SoftBank is walking away from a sizable chunk of its WeWork rescue package, which included a near billion dollar windfall for ousted founder Adam Neumann https://cnn.it/2R805TD

The CEOs of America's largest oil companies are scheduled to meet with President Trump at the White House to discuss the crisis facing the industry https://cnn.it/2xLtU5w

US stock futures were up Thursday as another rocky week for financial markets continues https://cnn.it/2JC7VB0

The coronavirus pandemic has forced millions of Americans to stay home, and they're drinking a lot of alcohol to pass time — for now. Booze sales shot up 55% in the third week of March compared to the same time a year ago, according to Nielsen. https://cnn.it/2wMCMbf

Coronavirus poses a higher risk for America's most vulnerable. Nonprofit leaders discuss the biggest challenges they face and what their organizations are doing to support those in need.

Listen on #BossFiles:

Coronavirus poses a higher risk for America's most vulnerable. Nonprofit leaders discuss the biggest challenges they face and what their organizations are doing to support those in need. Listen on  #BossFiles: https://cnn.it/3bLWEtF

The founder and CEO of Zoom has apologized to the video conferencing app's millions of users after coming under fire for a host of privacy issues at a time when it has emerged as a vital social and professional lifeline https://cnn.it/39FBjk8

"When white America catches a cold, black America catches pneumonia." Researchers and labor force leaders say the financial pain caused by the coronavirus crisis probably won't be evenly distributed along racial lines. https://cnn.it/346e8OR

Boeing is offering employees buyouts as its CEO said it will take years for the airlines and aerospace industry to recover from the coronavirus crisis. https://cnn.it/2JyPih5

Some of your favorite HBO shows will be available to stream for free for a limited time https://cnn.it/3dSt1Zx

US oil prices closed with a surge of 25% to $25.32 a barrel as President Trump suggested potential production cuts and Saudi Arabia called for an "urgent" meeting between OPEC, Russia and other unnamed nations to restore "balance" to the oil market https://cnn.it/346SR7M

In 2008, when the global economy was last in tatters, big banks were largely to blame. Now, financial firms may be the ones to help keep the economy afloat. https://cnn.it/2UPPePa

US stocks closed higher despite the largest number of initial jobless claims in history as energy stocks rallied on soaring oil prices. The Dow closed up 2.2%, or 470 points. The S&P 500 finished 2.3% higher. The Nasdaq Composite ended up 1.7%. https://cnn.it/2w5k5Ps

The CEO of Italian tire maker Pirelli has a message for America's business leaders: Prepare for the worst and your company may come through this crisis stronger than it was before https://cnn.it/2yx08lL

US workers have filed nearly 10 million jobless claims in the last two weeks alone, according to the Department of Labor

US workers have filed nearly 10 million jobless claims in the last two weeks alone, according to the Department of Labor https://cnn.it/2R4nHJ1

Lowe’s is implementing a temporary $2 an hour pay increase for all of its workers for the month of April

Lowe’s is implementing a temporary $2 an hour pay increase for all of its workers for the month of April https://cnn.it/342FgOQ

Discount retailer Ross Stores is putting a "majority" of its employees on furlough beginning Sunday. Affected employees will still continue to receive their company-funded healthcare. https://cnn.it/2UQUNNu

The Fed has announced a rule change aimed at giving big banks the ability to ramp up lending and smooth out turbulence in the Treasury market. In theory, that should give banks more flexibility to make loans and act as market makers. https://cnn.it/2yumDHU

Despite Amazon's expressions of support for its workforce, some Amazon employees and applicants tell  @CNN Business that the company's messaging doesn't always match what they have seen inside the company's warehouses. https://cnn.it/2X3RYvl

British Airways will furlough 30,000 of its employees with pay, as the coronavirus pandemic halts global travel, forcing airlines to ground planes and slash costs. https://cnn.it/2UTumGU

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