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Updated: 4 years 29 weeks ago
Mexico's auto industry restart gathers steam, Ford still waiting
Mexico's auto industry reopening picked up pace on Tuesday, with Fiat Chrysler and BMW AG joining peers in gradually dusting off operations even as the wait for approvals slowed the return of Ford Motor Co and other companies.
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Stocks rally, S&P 500 crosses 3,000 barrier; oil gains
Global equities and oil rose on Tuesday as China's promise of more stimulus and prospects of a world economic recovery cheered investors, who set aside concerns about tense rhetoric between Washington and Beijing.
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S&P 500 rises on economic recovery and vaccine hopes, pulls back from highs
U.S. stocks closed higher on Tuesday on optimism about the development of coronavirus vaccines and a revival of business activity, but the S&P 500 failed to hold above the key psychological level of 3,000 points.
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Used car dealer charged with price gouging New York City on 3M's N95 masks
A New Jersey used car dealer was criminally charged on Tuesday with exploiting the coronavirus pandemic by trying to defraud and price gouge New York City into buying N95 respirator masks in a roughly $45 million scheme.
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Renault and Nissan rebuild their alliance to ride out the coronavirus storm
When Renault SA , Nissan Motor Co and Mitsubishi Motors Corp announced the last strategy plan for their Alliance in September 2017, the goal was to become the world's biggest automaker by 2022.
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Timeline: From boom to bottom: Renault and Nissan bet on deeper cooperation
The Franco-Japanese automaking alliance of Renault SA , Nissan Motor Co and Mitsubishi Motors is banking on a new recovery plan, set to be announced later on Wednesday, to salvage profitability.
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LATAM becomes largest airline yet driven to bankruptcy by coronavirus
LATAM Airlines Group , the continent's largest carrier, filed for U.S. bankruptcy protection on Tuesday, becoming the world's largest carrier so far to seek an emergency reorganization due to the coronavirus pandemic.
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Italy's RCS says it may win damages in dispute with Blackstone after ruling
Milan's Arbitral Tribunal has judged that the contracts over the sale of Italy's RCS headquarters to Blackstone Group Inc in 2013 were valid but found that the purchaser's behaviour may entitle the Italian publisher to compensatory damages, RCS said on Tuesday.
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U.S. lawmaker wants insurers, govt. to share future pandemic business losses
U.S. legislation introduced on Tuesday would create a taxpayer-backed insurance program to protect businesses from revenue losses during future pandemics and require insurers to pay a slice of the claims.
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COVID-19 lawsuit takes on McDonald's like it was a rowdy bar
As U.S. businesses reopen, worried workers and their advocates are borrowing a legal strategy commonly used to shut down rowdy topless bars to try and force employers to strengthen protection against further spread of the coronavirus.
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Google to start reopening offices, targets 30% capacity in September
Alphabet Inc's Google said on Tuesday it would reopen buildings in more cities at roughly 10% of their capacity beginning July 6 and scale it up to 30% in September, if conditions permit.
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NYSE reopens trading floor after two-month coronavirus closure
New York Governor Andrew Cuomo donned a face mask and rang the opening bell at the New York Stock Exchange on Tuesday, marking the partial reopening of the trading floor at 11 Wall Street, which had been shuttered since March 23 due to the coronavirus outbreak.
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'Rally of hope': Why the S&P soared back past 3,000
Unthinkable just two months ago as the world economy shut down in response to the coronavirus pandemic, the U.S. stock benchmark S&P 500 index broke through the psychologically-important 3,000 level on Tuesday, capping a 37% stock rally since its March low.
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Instant View: S&P rises above 3,000 level for first time since March
U.S. stocks rose above the 3,000 level for the first time since March 5 on Tuesday, continuing a rally that has pushed the benchmark index up nearly 35% from its March 23 closing low on hopes for a potential coronavirus vaccine and the reopening of businesses across the country.
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Merck to buy Austrian vaccine maker as it jumps into COVID-19 race
Merck & Co Inc , which has largely kept to the sidelines of the race for COVID-19 treatments, said it was buying Austrian vaccine maker Themis Bioscience and would collaborate with research nonprofit IAVI to develop two separate vaccines.
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U.S. lawmaker wants insurers and taxpayers to share payouts for future pandemic business losses
U.S. legislation introduced on Tuesday would create a taxpayer-backed insurance program to protect businesses from revenue losses during future pandemics and require insurers to pay a slice of the claims.
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NYSE to reopen trading floor closed by coronavirus
The New York Stock Exchange will partially reopen the trading floors at its iconic 11 Wall Street building on Tuesday for the first time since March 20 when the bourse was forced to go all-electronic due to the coronavirus pandemic.
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U.S. business borrowing for equipment falls about 7% in April: ELFA
U.S. companies' borrowings for capital investments fell about 7% in April from a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Tuesday.
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French carmaker Renault to cut 5,000 jobs by 2024: Le Figaro
French carmaker Renault is about to announce plans to cut 5,000 jobs by 2024 in its drive to save 2 billion euros ($2.20 billion) in costs, according to a report published Tuesday by Le Figaro.
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Oil prices climb, bolstered by ongoing supply curbs
Oil prices rose on Tuesday, supported by signs that producers are following through on commitments to cut supplies and as fuel demand picks up with coronavirus restrictions easing.
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