Month: July 2020

Delta Air Lines trimmed plans for more summer flights as Covid-19 cases increased nationwide and a $5.7 billion loss for the latest quarter underscored the depth of the crisis facing the aviation industry.

Swedish oat-milk maker Oatly has sold a $200 million stake to a group led by private-equity giant Blackstone Group that includes Oprah Winfrey, Natalie Portman, former Starbucks Chief Howard Schultz and the entertainment company founded by Jay-Z.

Ford dealers have been asking the company for years to make a rugged off-road vehicle to compete with Jeep’s Wrangler. Finally, they’re getting one.

The Japanese conglomerate, which bought Arm for $32 billion in 2016, is considering a full or partial sale of the British chip designer, or an initial public offering.

The entertainment company said it would again close the Hong Kong Disneyland theme park, less than a month after it reopened, amid an increase of new coronavirus cases in the city.

Business leaders want to get the global economy back on track, but rising coronavirus levels in places such as the U.S. have governments tapping the brakes.

Health-care-services provider MultiPlan Inc. is merging with Churchill Capital Corp. III, a special purpose acquisition company, in an deal worth $11 billion, including debt.