United Airlines cuts flights, freezes hiring on coronavirus-hit demand

United Airlines Holdings Inc is slashing its flying schedule and implementing a series of cost-cutting measures in some of the most drastic actions by a U.S. airline to date as the spreading coronavirus has depressed air travel demand.

Oil gives up gains even as OPEC works on big output cut

Crude oil prices ended lower, giving up early gains as major oil producers, including Saudi Arabia, struggled to bring Russia on board for deeper supply cuts to try to offset a slump in demand caused by the coronavirus outbreak.

Huawei pleads not guilty to new U.S. criminal charges in 2018 case

China's Huawei Technologies Co Ltd, the world's largest telecommunications equipment maker, on Wednesday pleaded not guilty in a New York federal court to new charges in a 2018 case against the company.

Top French court deals blow to Uber by giving driver 'employee' status

France's top court has recognized the right of an Uber driver to be considered an employee, a ruling that could upend the U.S. firm's business model and potentially require it to pay more taxes and benefits such as paid holidays.

GM takes aim at Tesla with 'Ultium' batteries and fleet of electric vehicles

General Motors Co Chief Executive Mary Barra said Wednesday the Detroit automaker will invest $20 billion by 2025 in electric and automated vehicles as it races to catch up with Elon Musk's Tesla Inc as vehicles go electric.

Global stocks rally as Biden surge offsets coronavirus fears

The dollar and world equity markets rose on Wednesday as investors were cheered by a strong showing by Joe Biden in the U.S. Democratic presidential primaries, although the economy-slowing coronavirus outbreak kept investors on tenterhooks.

Uber open to using self-driving tech from competition: CEO

Uber Technologies Inc's self-driving unit is open to using technology from competitors in the industry, the company's chief executive said on Wednesday.

Data show U.S. economy on solid footing as coronavirus fears mount

U.S. services sector activity jumped to a one-year high in February, suggesting strength in the economy before a recent escalation of recession fears ignited by the coronavirus epidemic that prompted an emergency interest rate cut from the Federal Reserve.

Wall Street jumps as Biden takes the lead

Wall Street surged on Wednesday as former Vice President Joe Biden's strong showing in the "Super Tuesday" primary contests gave a boost to healthcare stocks and upbeat economic data helped sooth investors' coronavirus anxieties.

U.S. businesses show growing concern over impact of coronavirus, Fed survey shows

There are signs the escalating coronavirus outbreak has begun to weigh on business sentiment in the United States, a report by the Federal Reserve released on Wednesday showed, even as the U.S. economy expanded at a modest to moderate pace over the past several weeks.

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