Reuters

Book a table for fast food? Burger King trials post-lockdown app in Italy

Reuters Business News - Tue, 05/05/2020 - 11:47
Burger King is trialling an app for ordering food and booking a table at its outlets in Italy, as it seeks to persuade locals it is safe to eat out again after more than two months of coronavirus lockdown.
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Walgreens to restore standard operating hours at most U.S. stores

Reuters Business News - Tue, 05/05/2020 - 11:42
Drugstore chain Walgreens Boots Alliance Inc said it would resume standard operating hours at most of its stores across the United States, beginning Tuesday.
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France's Lagardere sees off activist Amber in shareholder showdown

Reuters Business News - Tue, 05/05/2020 - 11:32
French publishing and media group Lagardere on Tuesday fended off Amber Capital's most daring attempt yet to shake up governance at the company, after shareholders rejected the activist investor's call to replace the supervisory board.
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Fed's Evans says 'reasonable' to expect U.S. growth in second half of 2020

Reuters Business News - Tue, 05/05/2020 - 11:29
Chicago Federal Reserve President Charles Evans said on Tuesday it's "reasonable" to expect the U.S. economy to return to growth in the second half of the year, but that such an outcome is only slightly more likely than other, more pessimistic views.
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U.S. trade deficit widens, services sector contracts amid coronavirus

Reuters Business News - Tue, 05/05/2020 - 11:26
The U.S. trade deficit increased by the most in more than a year in March as a record drop in exports offset a shrinking import bill, suggesting the novel coronavirus outbreak was upending the global flow of goods and services.
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Lufthansa to pay no dividend for 2019 as airline seeks bailout

Reuters Business News - Tue, 05/05/2020 - 11:13
Lufthansa shareholders on Tuesday agreed to not distribute 298 million euros ($323 million) in retained profits as a dividend for 2019, as the airline enters the final stretch of negotiations for a 10 billion euro bailout.
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Wall Street jumps as battered energy shares rise, lockdowns ease

Reuters Business News - Tue, 05/05/2020 - 10:47
Wall Street's main indexes jumped on Tuesday as a recovery in oil prices lifted battered energy stocks and a slew of countries eased coronavirus-induced restrictions in an attempt to revive their economies.
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Fed's Evans says 'reasonable' to expect U.S. to return to growth after June

Reuters Business News - Tue, 05/05/2020 - 10:44
Chicago Federal Reserve Bank President Charles Evans said on Tuesday that it's "reasonable" to expect a return to economic growth in the second half of the year, but that such an outcome is only slightly more likely than other, more pessimistic views.
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Wendy's menu runs short as virus hits U.S. beef supplies

Reuters Business News - Tue, 05/05/2020 - 10:32
Wendy's Co said on Tuesday its restaurants may face a shortage of many menu items, including hamburgers, as beef processors in the United States struggle to keep their plants open amid the COVID-19 pandemic.
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U.S. household debt reached $14.3 trillion, credit standards tightened in first quarter

Reuters Business News - Tue, 05/05/2020 - 10:30
American households added $155 billion of debt in the first quarter and overall debt levels rose to a new record at $14.30 trillion, the Federal Reserve Bank of New York said on Tuesday in a report that provides a snapshot of where household balance sheets stood before the coronavirus pandemic brought much of the economy to a halt.
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Thomson Reuters cuts sales outlook, narrowly misses earnings estimates

Reuters Business News - Tue, 05/05/2020 - 10:19
Thomson Reuters cut its full-year sales outlook due to disruption to the global economy from the coronavirus crisis on Tuesday as it reported higher quarterly sales and earnings which fell slightly short of Wall Street estimates.
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White House adviser expects U.S. unemployment rate for April to be 'north of 16%'

Reuters Business News - Tue, 05/05/2020 - 10:05
White House economic adviser Kevin Hassett on Tuesday said he expects the U.S. unemployment rate was above 16% in April, as the coronavirus pandemic began to devastate the country's economy.
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Global airlines body IATA backs face masks for safe flying

Reuters Business News - Tue, 05/05/2020 - 09:25
The body representing global airlines came out in favour of passengers wearing masks onboard on Tuesday, as debate intensifies over how to get airlines flying while respecting social-distancing rules following the coronavirus crisis.
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IATA says face masks should be worn on flights in future

Reuters Business News - Tue, 05/05/2020 - 09:25
The body representing global airlines says that it is recommending the wearing of masks on flights to prevent the spread of coronavirus when flying restarts.
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Fiat Chrysler plunges to loss, to reopen U.S. plants on May 18

Reuters Business News - Tue, 05/05/2020 - 09:21
Fiat Chrysler Automobiles (FCA) plunged to a first-quarter loss of $1.8 billion and warned of a "significant" loss this quarter, even as it prepares to reopen its most profitable North American truck plants on May 18 as coronavirus lockdowns ease.
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Wall Street jumps as oil recovers, coronavirus-lockdown eases

Reuters Business News - Tue, 05/05/2020 - 08:41
Wall Street's main stock indexes opened higher on Tuesday as oil prices staged a recovery and a slew of countries eased coronavirus-led restrictions in an attempt to revive economic activity.
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Fiat Chrysler plunges to loss, but no change to PSA deal

Reuters Business News - Tue, 05/05/2020 - 08:21
Fiat Chrysler Automobiles (FCA) plunged to a first-quarter loss of $1.8 billion and scrapped its full-year earnings forecast on Tuesday, as the automaker grapples with a coronavirus crisis that has hammered production and sales.
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Wall Street set to jump on oil gains, easing of lockdowns

Reuters Business News - Tue, 05/05/2020 - 08:19
U.S. stock indexes were set to rise at the open on Tuesday as oil prices staged a recovery and a slew of countries eased coronavirus-led restrictions in an attempt to revive their economies.
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Lufthansa has no plans to buy rivals hit by coronavirus crisis: CEO

Reuters Business News - Tue, 05/05/2020 - 07:56
Lufthansa is not planning to buy rivals weakened by the coronavirus crisis, Chief Executive Carsten Spohr told shareholders at the company's virtual annual general meeting on Tuesday.
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Virgin Atlantic to cut 3,000 jobs, stop using Gatwick: Sky News

Reuters Business News - Tue, 05/05/2020 - 07:49
Virgin Atlantic is to cut just over 3,000 jobs, or up to a third of its workforce, and stop using Gatwick Airport as part of its battle to survive, Sky News reported on Tuesday.
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