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Updated: 4 years 27 weeks ago
GE reopens parts of prior debt offerings to raise $3 billion
General Electric Co said on Monday it reopened portions of its prior debt offerings for $3 billion in total proceeds to boost its cash reserves amid the coronavirus crisis.
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Stocks rally on quick economic revival hopes, oil slides
Global equity markets surged on Monday, with the Nasdaq hitting a record high on hopes of a quick recovery from the coronavirus slump, while oil slid after Saudi Arabia said new output cuts by producer nations would not include extra cuts by three Gulf countries.
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Nasdaq hits record close, confirms bull market on economic recovery hopes
The Nasdaq hit a record high close on Monday, becoming the first of the major indexes to confirm a new bull market, and the Dow and S&P 500 jumped as expectations for a swift recovery from a coronavirus-driven downturn increased.
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It's official: U.S. economy entered recession in February
The U.S. economy ended its longest expansion in history in February and entered recession as a result of the coronavirus pandemic, the private economics research group that acts as the arbiter for determining U.S. business cycles said on Monday.
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Nasdaq hits record high as U.S. recession becomes official
On the same day that the Nasdaq marked a new bull market, the U.S. economy was officially declared to be in a recession. The two milestones on Monday illustrate how an 11-week surge in stocks has occurred despite widespread economic devastation fueled by the coronavirus pandemic.
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Nasdaq rises to record again on economic recovery hopes
U.S. stocks rose on Monday with the Nasdaq hitting a new intraday high after a surprisingly upbeat jobs report last week raised expectations of a swift recovery from a coronavirus-driven downturn.
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JetBlue to fly about 50% of July schedule, more in August: CNBC interview
JetBlue Airways Corp expects to fly about half of its original schedule in July, up from about 25% to 30% in June, and a bit more in August as leisure demand begins to recover, Chief Executive Robin Hayes told CNBC in an interview on Monday.
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Stocks gain on quick economic revival hopes, oil slides
A gauge of global equity markets rose on Monday on hopes of a fast recovery from the coronavirus economic slump while oil slid after Saudi Arabia said an extension of output cuts by producer nations would not include extra cuts by three Gulf countries.
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PG&E plans $5.75 billion equity raise to fund bankruptcy exit
California-based power provider PG&E Corp said on Monday it plans to raise $5.75 billion from public offerings as it tries to emerge from Chapter 11 bankruptcy by the end of this month.
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Ryanair's O'Leary says UK quarantine will be quashed or dropped
Ryanair boss Michael O'Leary said he believed Britain's coronavirus quarantine will be struck down by the courts or dropped within weeks as some of Europe's biggest airlines prepare to file a legal challenge by the end of Tuesday.
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Nestle confirms sale of Buitoni brand's North American business
Nestle SA is selling the North American business of its Buitoni pasta brand to private-equity firm Brynwood Partners, the Swiss food group said on Monday.
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Dunkin' franchisees to hire up to 25,000 workers as U.S. states reopen
Dunkin', a unit of Dunkin' Brands Group Inc , said on Monday its franchisees are seeking to hire up to 25,000 workers as it prepares for higher demand, with U.S. states reopening after months-long lockdowns to contain the spread of the novel coronavirus.
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Nasdaq sets new record, close to confirming bull market in place
The Nasdaq Composite Index rose to a new high on Monday, and looks on track to confirm that it was the first of Wall Street's main indexes to enter a bull market two and a half months ago, after Wall Street's nosedive on worries about the novel coronavirus.
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Exclusive: Volkswagen supervisory board to discuss VW brand leadership - sources
Volkswagen Chief Executive Herbert Diess may lose responsibility for managing the company's core VW brand at an extraordinary supervisory board meeting due to be held on Monday, sources familiar with the matter told Reuters.
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VW says Stefan Sommer, board member for procurement to leave
Volkswagen said Stefan Sommer, group board member for procurement and components, will leave the company on June 30, 2020 as part of a broader management reshuffle.
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South Korean court denies arrest warrant request for Samsung heir Jay Y. Lee
A South Korean court on Tuesday denied an arrest warrant request for Samsung Group heir Jay Y. Lee after prosecutors accused him of accounting fraud and stock manipulation, the court spokesperson said in a statement.
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Nasdaq hits new record on swift economic recovery hopes
U.S. stocks rose on Monday, with the Nasdaq hitting a record high for the second straight session, after a surprisingly upbeat jobs report last week raised bets of a swift recovery from a coronavirus-driven downturn.
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Lufthansa's Austrian arm gets 450 million euro government bailout
Austria is granting Lufthansa's Austrian Airlines unit a 450 million euro ($508 million) bailout that will protect Vienna as a transit hub and safeguard "the bulk" of the flag carrier's 7,000 jobs, the government said on Monday.
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Volkswagen replaces Herbert Diess as CEO of VW brand
Volkswagen on Monday named Ralf Brandstaetter as the new chief executive (CEO) of its core VW car brand, replacing Herbert Diess, who retains his title as head of Volkswagen Group, the carmaker said.
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U.S. economy entered recession in February: NBER
The U.S. economy ended its longest expansion in history in February and entered recession as a result of the coronavirus pandemic, the private economics research group that acts as the arbiter for determining U.S. business cycles said on Monday.
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