Even as it tries to right a shipwrecked economy, the Biden administration confronted fresh evidence of weakness Thursday with the report of nearly a million new state unemployment claims, heightening calls for fresh stimulus efforts. The scale of the job losses underscores the fragility of the job market as overall economic momentum slows amid the worsening pandemic. What’s more, key […]

MILAN — Governance changes emerging at Salvatore Ferragamo impacted the performance of shares of the Florence-based group on Thursday, closing up 6.05 percent at 16.13 euros at the end of trading. The gains followed the news a day earlier that Ferragamo Finanziaria SpA, which controls the luxury goods house, revealed it was cutting back the number of family members sitting […]

(Reuters) – United Airlines Holdings Inc said on Wednesday it aims to cut about $2 billion of annual costs through 2023 as it charts a recovery from the coronavirus pandemic that drove its fourth straight quarterly loss.FILE PHOTO: A United Airlines passenger jet taxis at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren/File PhotoAirlines are counting […]

FILE PHOTO: The headquarters of U.S. energy exporter and pipeline operator Kinder Morgan Inc. is seen in Houston, Texas, U.S. September 27, 2020. Picture taken September 27, 2020. REUTERS/Gary McWilliams(Reuters) – Kinder Morgan Inc reported a better-than-expected quarterly profit on Wednesday as demand for transporting natural gas picked up after a coronavirus-induced slump hurt volumes earlier in 2020. Pipeline companies […]

It would be a glass structure, with eight levels of parked vehicles, to be rotated up and down as needed. It would be 70 feet tall, and about 40 feet wide. But beyond that, what truly is the nature of the structure that Arizona-based online car seller Carvana wants to build at the Interstate 25/Evans Avenue interchange? That was the […]

FILE PHOTO: The corporate logo of the UnitedHealth Group appears on the side of one of their office buildings in Santa Ana, California, U.S., April 13, 2020. REUTERS/Mike Blake/File Photo GLOBAL BUSINESS WEEK AHEAD(Reuters) – Health insurer UnitedHealth Group Inc beat quarterly profit estimates for the fourth quarter on Wednesday, helped partly by lower medical costs due to fewer elective […]

An Otago vineyard owned by a murdered Auckland woman owed more than $12 million when it went into receivership. Carrick Wines Ltd, in Bannockburn, was owned by 55-year-old Elizabeth Zhong, who was found dead in the boot of her car in November, near her East Auckland house. At the time of her death, she faced court action amid claims she […]

The average price for a one-way domestic flight dropped to $135 last summer, its lowest level in at least two decades, according to an analysis of new federal data by Cirium, an aviation data firm. Normally, personal travel picks up during the summer and drops in the fall. That decline is usually offset by corporate travel, but with few people boarding […]

(Reuters) – Goldman Sachs Group Inc dwarfed Wall Street estimates as its fourth-quarter profit more than doubled, powered by another blowout performance at its trading business and a surge in fees from underwriting a string of blockbuster IPOs.FILE PHOTO: A sign is displayed in the reception of Goldman Sachs in Sydney, Australia, May 18, 2016. REUTERS/David Gray/File PhotoRevenue from global […]