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United Airlines CEO Kirby's annual base salary lower than predecessor

United Airlines Holdings Inc said on Friday it would pay Chief Executive Officer Scott Kirby an annual base salary of $1 million, lower than what prioRead More



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In Chicago’s Little Village, federal aid begins to 2020-05-26 15:16:00Slow in coming to minority firms, the government’s Paycheck Protection Program is now offering a lifeline. But for some, it may not tide them ov

US unemployment rises to 39 million as states 2020-05-21 11:47:40The latest U.S. unemployment number increased by 2.4 million to 39 million. But some companies have begun to rehire a limited number of their laid-o

Where’s the beef? Pandemic exposes cracks in US 2020-05-19 13:15:00Most Americans have grown accustomed to plentiful food. The pandemic has exposed shortcomings in a complex and often convoluted U.S. food system.

Another big job-loss wave looms: state and city 2020-05-19 10:34:00A steep downturn in the private sector is poised to cause big job losses in state and local governments. Relief could come from Congress.

An impossible comeback? The small New York shops 2020-05-18 14:08:00Even before the pandemic, many small-business owners in New York were operating on small margins. Now they’re facing tough decisions.

U.S. auto industry reopens, sparking hope in job 2020-05-15 12:23:06About half of all auto workers are expected to return to factories next week, which have been shuttered since mid-March due to the pandemic. The cauti

Should jobless renters be evicted or forgiven during 2020-05-13 12:17:14About 43 million households in the United States are renters and as jobless rates continue to spike many are either forgoing or unable to pay rent. Bu

Keep working from home? How office-life will change 2020-05-12 11:30:56Businesses are considering new safety measures for communal workplaces, how to improve online collaborations, and if they need a physical location at

Is this crisis giving capitalism a moral nudge? 2020-05-08 17:06:37Many corporations are boosting pay or health protections for workers in the pandemic – or are facing criticism if they don’t.

Revive economy with virus-immune workers? Not so fast. 2020-05-08 16:17:57The flurry of interest in antibody testing as a shortcut to reopening hard-hit cities like New York has given way to humility.

Ridesharing has plummeted. Can food delivery save Uber? 2020-05-08 13:42:41Uber is cutting 14% of its workforce and offloading its bike and scooter business after losing $2.9 billion in the first quarter. But the company's m

Deceased taxpayers were sent relief checks. Should they 2020-05-08 10:58:00The Trump administration and IRS are urging families to return coronavirus relief payments sent to the deceased, but legal experts say there is no law

Reuters: Business News

Trump move could scrap or weaken law that New! 2020-05-28 18:59:28President Donald Trump said he will introduce legislation that may scrap or weaken a law that has protected internet companies, including Twitter and

Salesforce cuts annual estimates on COVID-19 hit New! 2020-05-28 18:38:47Salesforce.com Inc cut its annual revenue and profit forecasts on Thursday, as the cloud-based business software maker allowed clients to defer paymen

GM to increase North America vehicle production New! 2020-05-28 18:33:35General Motors said on Thursday it would start increasing vehicle production in North America from next week to meet rising demand.

Nordstrom sales plunge nearly 40% on pandemic-led store New! 2020-05-28 18:17:43Upscale department store chain Nordstrom Inc on Thursday reported a nearly 40% slump in quarterly sales, as lockdowns to contain the COVID-19 pandemi

UPS adds 'peak' surcharge amid coronavirus fueled delivery New! 2020-05-28 17:55:02United Parcel Service Inc on May 31 will slap surcharges on U.S. e-commerce companies that have flooded its delivery network with shipments of everyt

Renault poised to announce 15,000 layoffs worldwide: union New! 2020-05-28 17:41:09French carmaker Renault is poised to announce 15,000 layoffs worldwide on Friday as it unveils a plan to boost its profitability and cope with falteri

Stocks, euro rise on recovery hopes; U.S.-China rift New! 2020-05-28 17:40:30A gauge of global equity markets climbed on Thursday on optimism for a speedy economic recovery and a massive stimulus plan in Europe helped lift regi

ViacomCBS slashes up to 400 jobs as part New! 2020-05-28 17:37:36ViacomCBS Inc is cutting up to 400 employees across CBS as part of its plan to save $750 million from its merger with CBS, a source familiar with the

U.S. major airlines roll out more options to New! 2020-05-28 17:22:33The top three U.S. airlines, hit hard by the coronavirus pandemic, are rolling out fresh programs to induce tens of thousands of employees to accept v

Cisco to acquire software firm ThousandEyes New! 2020-05-28 16:54:30Cisco Systems Inc has agreed to acquire privately held software maker ThousandEyes Inc, the network gear maker said on Thursday.

Costco beats revenue estimates as consumer stockpile essentials New! 2020-05-28 16:51:27Warehouse club operator Costco Wholesale Corp beat quarterly revenue estimates on Thursday, as people stocked up on essentials before hunkering down

Dell beats revenue estimates as remote working lifts New! 2020-05-28 16:50:55Dell Technologies Inc beat analysts' estimates for quarterly revenue on Thursday, boosted by demand for its workstations from companies moving more e

The Daily Star

Beximco ships 6.5 million PPE gowns to US 2020-05-25 13:07:47Bangladesh has joined a select group of countries that manufacture world-class, large-scale Personal Protective Equipment (PPE), as Beximco sends a sh

EWM Group hits back at BGMEA’s blacklist threat, 2020-05-25 08:45:21British clothing retailer Edinburgh Woollen Mill (EWM) Group has hit back after the Bangladesh Garment Manufacturers and Exporters Association (BGMEA)

BGMEA engaging rights groups to ensure buyers pay 2020-05-24 12:10:34Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has been engaging different international rights groups to ensure that internationa

‘Declare remittance as an essential financial service’ 2020-05-23 12:22:27The UK and Switzerland are calling for greater global collaboration to ensure access to digital remittance services to support people during the coron

BGMEA threatens to blacklist British retailer EWM over 2020-05-22 15:34:34Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has threatened to blacklist British clothing retailer Edinburgh Woollen Mill (EWM)

It is unfair: Momen 2020-05-22 14:00:00Cancellation of readymade garment orders by Western brands is unfair, said Foreign Minister AK Abdul Momen as he called upon expatriate Bangladeshis t

This has been the most depressing Eid for 2020-05-21 14:00:00With butterflies in their stomachs, a host of clothing brands took up their shutters after one-and-a-half months after the government allowed them to

The economics of social distancing 2020-05-21 14:00:00Social distancing has proven to be an effective weapon for dampening the spread of coronavirus.

$250m from World Bank on the way 2020-05-21 14:00:00Bangladesh is on course to availing $250 million in loans from the World Bank this fiscal year to bring in reforms to address jobs challenges by moder

Shutdown gobbles up NBR collections last month 2020-05-21 14:00:00Revenue collection crashed more than 55 per cent in April, revealing the massive hit the Bangladesh economy has taken from the coronavirus outbreak in

‘It is incumbent on international community to ensure 2020-05-21 14:00:00In an uncharacteristic gesture of goodwill, the Asian Infrastructure Investment Bank (AIIB) yesterday approved $250 million in loans as budget support

Firms to get until June to file VAT 2020-05-21 14:00:00Businesses that have failed to file value-added tax (VAT) returns of March and April owing to the countrywide shutdown are set to get a new deadline i

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Banking stocks see strong gains, Bank Nifty rallies New! 2020-05-28 17:26:20The gains come after huge selling pressure and consequent under-performance of banking stocks since the start of March

Donald Trump set to order review of law New! 2020-05-28 16:49:45The draft order, as written, attempts to circumvent Congress and the courts in directing changes to long-established interpretations of Section 230

US economy shrank at 5% annual rate in New! 2020-05-28 16:49:06It was the biggest quarterly decline since an 8.4 per cent fall in the fourth quarter of 2008 during the depths of the financial crisis

Air India employees' unions seek Rs 50,000 crore New! 2020-05-28 16:45:32In a letter to Prime Minister Narendra Modi, the joint forum said that Air India is a "necessity" for the country

Covid-19 crisis: Karnataka flip-flops on flights from high-risk New! 2020-05-28 16:31:09Karnataka's decision, aimed at containing the spread of infection in the state, could lead to a reworking of airline schedules, flight cancellations

Locusts reach Gondia in Maharashtra, Delhi mulls plastic New! 2020-05-28 16:29:14In Rajasthan, which has been worst hit, officials say 90,000 hectares in 20 districts have been affected; standing crop in 4,000 hectares in Sri Ganga

Franklin Templeton Mutual Fund voting to commence from New! 2020-05-28 15:55:28Trustees advise unitholders to vote 'Yes' to avoid delay in wind-up process

Amit Shah speaks to all CMs, seeks views New! 2020-05-28 15:52:57During his talks with the chief ministers, Shah sought to know the areas of concern of the states and the sectors they want to open up further from Ju

In a setback, Singh brothers lose appeal in New! 2020-05-28 15:44:16The brothers are currently in judicial custody following Supreme Court order in November last year that held them guilty of violating earlier court or

Sensex gains 595 points led by banking stocks, New! 2020-05-28 15:38:57The rally has been underpinned by sharp gains in banking stocks. The Bank Nifty index has rallied 9.9 per cent in the past two sessions

Covid-19 impact: Auto biggies face low-liquidity risk, says New! 2020-05-28 15:38:20According to the brokerage, companies with debt/Ebitda of less than 0.7 are at low risk

CBDT sets a minimum fee for managers of New! 2020-05-28 15:20:41The Finance Act, 2015, had introduced Section 9A to encourage fund management activity from India and provide a safe harbour to onshore managements of


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