U.S. Airlines Face Grim Winter, With Or Without A Bailout

U.S. airlines face a winter test of their finances and question marks over the reach of their domestic flight networks after failing, for now, to win fresh federal aid.

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Tokyo Stock Exchange Resumes, Market Opens Up After Outage Debacle

The Tokyo Stock Exchange (TSE) resumed normal trading on Friday, with the main index starting slightly higher a day after the worstever outage brought the world's thirdlargest equity market to a standstill.

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Oil Drops For Second Day As Worsening Pandemic Threatens Demand Drop

Oil prices fell nearly 1% on Friday, extending losses into a second day as rising production of crude comes amid a worsening COVID19 pandemic which threatens to bring more restrictions on movement and consumption that will likely hit demand for fuel.

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Asian Markets Mixed In Early Trade, Tokyo Reopens After Trading Glitch

Asian markets were little changed on Friday, as a U.S. stimulus deal remained out of reach and investors waited on fresh U.S. employment data for a read on the economic toll from the coronavirus pandemic.

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Secrecy And Speed: Inside Ant Group’s Unusual IPO Process

Ahead of what's likely to be the world's largest initial public offering, China's Ant Group Co Ltd is asking lead bankers to personally sign confidentiality pacts and pressing some investors to explain why they should be allowed to attend marketing meetings, sources familiar with the matter said.

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US 3Q Auto Sales Fall 9.7%, But They're Rising From 2Q Lows

In normal times, a 9.7% drop in auto sales would cause executives to sweat profusely. These are not normal times.

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SoftBank-backed Used-car Startup Kavak Becomes First Mexican Unicorn

SoftBankbacked usedcar platform Kavak has become Mexico's first tech "unicorn" after reaching a $1.15 billion valuation in its latest funding round last month, Chief Executive Carlos Garcia told Reuters.

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