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Financial losses

S&P 500, Dow drop from record levels as coronavirus cases spike

S&P 500, Dow drop from record levels as coronavirus cases spike

By: Shivani Kumaresan, Medha Singh
Source: Reuters
Date of Publication: November 17th, 2020
Wall Street’s main indexes fell on Tuesday with the S&P 500 and the Dow retreating from record closing highs hit a day earlier, following disappointing retail sales data and a spike in COVID-19 cases across the country.
U.S. airlines caution on winter challenges as COVID-19 cases rise

U.S. airlines caution on winter challenges as COVID-19 cases rise

By: Tracy Rucinski, David Shepardson
Source: Reuters
Date of Publication: November 12th, 2020
Delta Air Lines DAL.N and Southwest Airlines LUV.N on Thursday cautioned that the recent surge in COVID-19 cases may have a negative impact on travel over the winter holidays, a period the sector had hoped would see improved bookings.
WeWork losses mount but sees 'seismic shift' in office leasing to its favor

WeWork losses mount but sees 'seismic shift' in office leasing to its favor

By: Herbert Lash
Source: Reuters
Date of Publication: November 13th, 2020
WeWork Companies LLC’s revenue declined but its cash burn slowed in the third quarter, a company memo showed on Thursday, as management expressed confidence the shared-workplace provider can weather the hit to the global office sector from COVID-19.
lyft van

Lyft’s results show pain but also hope as some riders return

By: CATHY BUSSEWITZ
Source: The Associated Press
Date of Publication: November 10th, 2020
Lyft is still feeling the pandemic’s severe impact on the ride-hailing industry but its third-quarter results show signs of a recovery from the previous three months when passengers stayed locked down.
Uber sees slowest recovery of ride business in home U.S. market, deliveries more than double

Uber sees slowest recovery of ride business in home U.S. market, deliveries more than double

By: Tina Bellon, Akanksha Rana
Source: Reuters
Date of Publication: November 6th, 2020
Uber Technologies Inc said on Thursday demand for its food-delivery service exploded in the latest quarter, but recovery in its global rides business is being held back by its most important market, the United States.
Southwest Airlines issues first furlough notices as talks with unions stall

Southwest Airlines issues first furlough notices as talks with unions stall

By: Tracy Rucinski
Source: Reuters
Date of Publication: November 6th, 2020
Southwest Airlines LUV.N said on Friday it has sent notices of potential furloughs to 42 parts inventory workers after talks with one union group stalled over pay cuts the airline argues it needs from all employees to offset $1 billion in overstaffing costs.
Mazda posts second-quarter loss, but helped by rebound in North America sales

Mazda posts second-quarter loss, but helped by rebound in North America sales

Source: Reuters
Date of Publication: November 9th, 2020
Mazda Motor Corp on Thursday posted a 7.59 billion yen ($73.4 million) operating loss in the three months ended Sept 30 as sales contracted amid the coronavirus pandemic.
Wendy's breakfast

Wendy’s breakfast nabs new customers as pandemic pushes consumers to break habits

By: Amelia Lucas
Source: CNBC
Date of Publication: November 4th, 2020
The coronavirus pandemic has upset consumers’ usual breakfast habits, leading fast-food restaurants and coffee chains to miss out on early morning sales.
Nike to cut 700 jobs at its Oregon headquarters by 2021 _ Fox Business

Nike to cut 700 jobs at its Oregon headquarters by 2021

By: Lucas Manfredi
Source: Fox Business
Date of Publication: November 2nd, 2020
Kristen Lupo, Nike's vice president of Total Rewards, said in the statement that bumping rights will not be available for affected employees and that those not represented by a labor organization will be notified directly.
Avis serving customers at SFO

Covid-19 Slammed Rental-Car Firms, Then Business Turned Around

By: Nora Naughton
Source: The Wall Street Journal
Date of Publication: November 2nd, 2020
After a big collapse in bookings this spring, Avis, Enterprise are benefiting from higher used-car prices and a preference for traveling by auto.