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British insurer Aviva halts executive bonuses, pay rises

Reuters Business News - Thu, 04/16/2020 - 10:18
British insurer Aviva said on Thursday its executive directors and leadership team would not be considered for any bonus for 2020 until dividends are restarted.
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Barrick expects to meet annual targets despite coronavirus-led lockdowns

Reuters Business News - Thu, 04/16/2020 - 10:13
Barrick Gold said on Thursday it was on track to meet its full-year production targets even as it reported an 8.5% drop in first-quarter gold output due to the impact of coronavirus-driven lockdowns.
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Luxury department store retailer Neiman Marcus Group skipped bond payment: letter

Reuters Business News - Thu, 04/16/2020 - 10:12
Neiman Marcus Group skipped a bond payment due this week to Marble Ridge Capital LP, according to a letter from the hedge fund to the luxury department store retailer sent Thursday, setting the heavily indebted chain on a path toward bankruptcy.
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Facebook's Libra cryptocurrency revamped after backlash

Reuters Business News - Thu, 04/16/2020 - 10:08
Facebook's planned cryptocurrency Libra will be linked to individual national currencies and overseen by global watchdogs in a scaled-back revamp it hopes will win regulatory approval.
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Starboard withdraws nominations to eBay board

Reuters Business News - Thu, 04/16/2020 - 10:05
Activist investor Starboard is withdrawing its nominations to eBay Inc's board after the e-commerce company appointed Walmart executive Jamie Iannone as its chief executive officer, the firms said on Thursday.
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Measures to control coronavirus weigh on U.S. homebuilding

Reuters Business News - Thu, 04/16/2020 - 10:03
U.S. homebuilding fell by the most in 36 years in March amid a broad decline in activity, offering further evidence that the economy was buckling under the weight of drastic measures to control the spread of the novel coronavirus.
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Oil prices rise after sharp losses caused by U.S. stockpile surge

Reuters Business News - Thu, 04/16/2020 - 09:57
Oil prices rose on Thursday after sharp losses in the previous session, with investors hoping that a build-up in U.S. inventories may mean producers have little option but to cut output as the coronavirus pandemic ravages demand.
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Airbus evaluates requests for delays to jet deliveries

Reuters Business News - Thu, 04/16/2020 - 09:55
European planemaker Airbus is examining multiple customer requests to defer deliveries after travel demand collapsed because of the coronavirus epidemic, it said on Thursday.
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German carmakers to resume production as lockdowns ease

Reuters Business News - Thu, 04/16/2020 - 09:42
German carmakers including Volkswagen and Mercedes-Benz will restart production at some German factories next week after the country eased restrictions designed to contain the coronavirus outbreak.
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Wall Street rises on hopes of lockdown easing, jobless claims

Reuters Business News - Thu, 04/16/2020 - 09:41
U.S. stock markets opened higher on Thursday as data showed weekly jobless claims fell slightly from the previous week and on hopes President Donald Trump would push to relax strict lockdowns imposed to contain the coronavirus outbreak.
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Takeway can integrate Just Eat, British watchdog says

Reuters Business News - Thu, 04/16/2020 - 09:31
Britain's Competition and Markets Authority (CMA) has decided Dutch online food ordering company Takeaway.com can proceed with its integration of Just Eat, the company said on Thursday, although an investigation into the combination continues.
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Wall Street set for higher open on lockdown easing hopes, jobless claims

Reuters Business News - Thu, 04/16/2020 - 09:29
Wall Street was set to open higher on Thursday as weekly jobless claims fell slightly from the previous week and on hopes President Donald Trump would push to ease strict stay-at-home restrictions.
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Abbott beats profit estimates but suspends forecast on coronavirus concerns

Reuters Business News - Thu, 04/16/2020 - 09:27
Abbott Laboratories beat quarterly profit estimates on Thursday as stay-at-home orders prompted customers to stockpile its nutrition products but the company suspended its full-year forecast due to the coronavirus-led uncertainty.
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Ferrari producing valves to convert underwater masks for Covid-19 treatment

Reuters Business News - Thu, 04/16/2020 - 09:25
Luxury carmaker Ferrari is producing specialist valves at its Maranello factory to convert snorkel masks into respirators used to treat coronavirus patients, Chairman John Elkann said on Thursday.
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U.S. weekly jobless claims highlight economic carnage from coronavirus

Reuters Business News - Thu, 04/16/2020 - 09:15
A record 22 million Americans have sought unemployment benefits over the past month, with millions more filing claims last week, underscoring the deepening economic slump caused by the novel coronavirus outbreak.
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Coronavirus hurts corporate activism as M&A, buybacks decline

Reuters Business News - Thu, 04/16/2020 - 09:12
Activist shareholders are likely to scale back campaigns in coming weeks as target companies brace for a deep recession and their favorite calls for change - ranging from mergers to returning cash - are ignored during the coronavirus outbreak.
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VW ditches outlook after COVID-19 hammers first-quarter profit

Reuters Business News - Thu, 04/16/2020 - 08:57
Germany's Volkswagen Group withdrew its outlook for 2020 on Thursday due to uncertainty related to the new coronavirus outbreak which caused operating profit to drop 81% in the first quarter.
Categories: Reuters

Stocks head for higher ground, Italian bond stress eases

Reuters Business News - Thu, 04/16/2020 - 08:56
Europe led world stock markets back to higher ground on Thursday as tentative moves to reopen parts of the some of its larger coronavirus-hit economies and a bounce in oil offset some truly dismal global economic data.
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EasyJet says it can ride out nine-month shutdown and slow recovery

Reuters Business News - Thu, 04/16/2020 - 08:44
EasyJet can survive a nine-month shutdown thanks to its measures to contend with the coronavirus crisis and is planning for a slow recovery, the British airline said on Thursday.
Categories: Reuters

Futures jump as weekly jobless claims fall

Reuters Business News - Thu, 04/16/2020 - 08:43
U.S. stocks index futures jumped on Thursday after weekly U.S. jobless claims fell to 5.2 million last week from an upwardly revised 6.62 million the week before.
Categories: Reuters
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