Reuters Business News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
Updated: 3 years 43 weeks ago
Macy's to reopen 68 stores, targets all within six weeks
Macy's Inc plans to reopen 68 U.S. stores on Monday in states that have loosened coronavirus lockdowns, the department store operator said on Thursday, as more retailers sought to get business going after a crushing month of closures.
Categories: Reuters
Oil prices set to cap off nightmare month with gains
Oil prices jumped for a second day on Thursday, lifted by signs the U.S. crude glut is not growing as quickly as expected and clawing back ground at the end of a month of tumbles wrought by coronavirus fears that caused futures to plumb two-decade lows.
Categories: Reuters
Federal Reserve to expand reach of Main Street lending program
The U.S. Federal Reserve on Thursday said it was expanding the scope and eligibility of its soon-to-launch "Main Street Lending Program" to reach a greater range of small- and medium-sized businesses seeking emergency financing to weather the disruption caused by the coronavirus pandemic.
Categories: Reuters
Ferrari to gradually restart operations from Monday
Luxury carmaker Ferrari said on Thursday it would restart operations at its Maranello and Modena plants on May 4, when Italy is set to start lifting lockdown measures.
Categories: Reuters
Renault puts historic Boulogne property up for sale: sources
Renault PA> has put one of its historic buildings up for sale in Boulogne-Billancourt, the birthplace of the carmaker, to cut costs, three sources close to the company told Reuters.
Categories: Reuters
Comcast warns of steeper impact of coronavirus as first quarter revenue narrowly misses forecast
Comcast Corp on Thursday reported first quarter revenue that fell shy of Wall Street's estimate, and warned of a weaker second quarter as a result of the coronavirus impact on advertising, theme parks, and films.
Categories: Reuters
Twitter sales beat estimates but ad trends alarm investors
Twitter Inc on Thursday reported higher first-quarter revenue and a smaller loss than analysts had expected, but its shares fell as investors fretted about potential weakness in the second quarter.
Categories: Reuters
Stocks trim record monthly gains as ECB PEPP talk falls flat
World stocks suffered a slip on their way to record monthly gains on Thursday, as the European Central Bank held back from providing another instant hit of stimulus and millions more Americans filed unemployment claims.
Categories: Reuters
Wall Street slides at open after grim jobless claims data
Wall Street opened lower on Thursday at the end of a strong month for stock markets globally, as millions more applied for jobless claims in the United States, overshadowing upbeat results from Facebook and Tesla.
Categories: Reuters
Goldman Sachs shareholders vote to approve executive compensation
Goldman Sachs Group Inc said Thursday at its annual shareholder meeting that 71% of votes were cast in favor of the bank's executive compensation policies for 2019, in preliminary tallies.
Categories: Reuters
Wall St set to slide at open after jobless claims data
Wall Street's main indexes were set to open lower on Thursday at the end of a strong month for stock markets globally as a grim U.S. jobless claims report overshadowed upbeat results from Facebook and Tesla.
Categories: Reuters
Exclusive: Thai Airways to seek $1.8 billion emergency loan to navigate virus impact - document
Thai Airways International PCL plans to seek a 58.1 billion baht ($1.80 billion) emergency loan to maintain liquidity and see it through a coronavirus-induced drop in demand, showed a document from the airline detailing the plan.
Categories: Reuters
Lufthansa pilots offer to sacrifice up to 45% of salary: union
Pilots at Lufthansa are ready to sacrifice up to 45% of their salaries for more than two years to help cut costs, their union Cockpit said on Thursday, as the airline struggles with the impact of the coronavirus pandemic.
Categories: Reuters
Oil prices rise on some signs of pick-up in fuel demand
Oil prices jumped on Thursday, lifted by signs the U.S. crude glut is not growing as quickly as expected and indications of a rise in fuel demand that has been crushed by the coronavirus.
Categories: Reuters
Wall Street sidesteps Musk lockdown rant as Tesla numbers improve
Wall Street brokerages gave a resounding thumbs-up to Tesla Inc's first-quarter numbers on Thursday, lauding the electric carmaker's improved gross margins and sending its shares 8% higher in trading before the opening bell.
Categories: Reuters
Exclusive: Nissan shakes off virus woes in China sales with rebound in April - sources
Nissan Motor Co's vehicle sales in China this month almost recovered to the prior year's level after a coronavirus-related 45% plunge in March, two sources with knowledge of the Japanese automaker's preliminary data said.
Categories: Reuters
U.S. weekly jobless claims remain elevated as millions more seek benefits
Millions more Americans filed claims for unemployment benefits last week, suggesting that layoffs were spreading to industries that were not initially directly impacted by business closures and disruptions related to the coronavirus.
Categories: Reuters
JPMorgan received almost $18 billion in PPP loan applications: bank
JPMorgan Chase & Co said in an email to small business clients late on Wednesday that it had submitted roughly 220,000 applications this week to the Small Business Administration for the Paycheck Protection Program.
Categories: Reuters
Thyssenkrupp taps 1 billion euro in state aid amid cash squeeze before elevator sale
Thyssenkrupp has secured about 1 billion euros ($1.1 billion) of state aid to tide it over until it receives the money from the sale of its elevator division, two sources said on Thursday, the latest German company to tap government funding.
Categories: Reuters
Pringles maker Kellogg says profit jumps 23% on virus-led stockpiling
Breakfast cereal maker Kellogg Co on Thursday reported a 23% rise in quarterly profit as consumers in North America and Europe stocked up on its packaged foods amid coronavirus-driven lockdowns.
Categories: Reuters