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JetBlue, United Airlines take more steps to counter coronavirus spread
JetBlue Airways Corp and United Airlines Holdings Inc announced fresh safety measures on Wednesday aimed at restoring confidence in travel that has been crushed by the coronavirus pandemic.
Categories: Reuters
German court ends diesel case against Volkswagen CEO, Chairman
A German court said on Wednesday it was ending proceedings against the chairman and chief executive of Volkswagen AG after the carmaker agreed to pay a fine of 9 million euros ($9.9 million) over the diesel emissions scandal.
Categories: Reuters
Rationale for FCA-PSA merger deal 'stronger than ever': Elkann
The reasons for Fiat Chrysler and Peugeot-owner PSA's merger are "stronger than ever," the FCA chairman said on Wednesday, as the COVID-19 pandemic adds to the car industry's existing challenges.
Categories: Reuters
Wall Street set to rise as investors hold out for recovery
Wall Street was set to open sharply higher on Wednesday as investors clung to hopes of a recovery from a coronavirus-fuelled slump amid signs of more stimulus for ailing sectors, while retailer Lowe's jumped on upbeat quarterly results.
Categories: Reuters
U.S. Senator Rubio: Consensus seen to give companies more time for PPP loans
There appears to be agreement in Washington to give companies more time to utilize their coronavirus aid under the Paycheck Protection Program, the head of the U.S. Senate's small business committee said on Wednesday.
Categories: Reuters
SoftBank-backed Ola follows Uber with job cuts as revenue sinks
SoftBank Group-backed Indian ride-hailing company Ola will cut 1,400 jobs, or about 35% of its workforce, as it navigates a strict coronavirus lockdown that has halted 95% of its business, company chief Bhavish Aggarwal told employees on Wednesday.
Categories: Reuters
Deutsche Bank chairman to stand down in 2022
Deutsche Bank's chairman Paul Achleitner said he intends to step down when his term ends in 2022, heralding a new era at Germany's largest lender as it struggles to become profitable.
Categories: Reuters
Norwegian Air's lessors take majority ownership
Lessors including AerCap and BOC Aviation are now the biggest shareholders in Norwegian Air after the budget carrier completed a debt restructuring and secured a long-sought credit guarantee from Norway's government.
Categories: Reuters
Harley plans to ship fewer models to U.S. dealer: WSJ
Harley-Davidson Inc is reopening its factories this week at lower production rates and sending dealers a narrower range of motorcycles, the Wall Street Journal reported on Wednesday.
Categories: Reuters
Stocks gain as vaccine rally falters
Global stocks rose on Wednesday as investors regained hopes of recovery from a coronavirus-fuelled recession, while oil prices also strengthened.
Categories: Reuters
JetBlue to keep blocking seats through July 6; United teams up with Clorox
JetBlue Airways Corp said on Wednesday it will continue blocking seats on its aircraft through at least July 6, while United Airlines Holdings Inc said it had teamed up with Clorox Co and Cleveland Clinic medical experts to advise on new cleaning and safety protocols.
Categories: Reuters
Target's coronavirus-led online sales surge comes at heavy costs
Target Corp's quarterly online sales surged 141% due to panic buying in the coronavirus crisis, the retailer said on Wednesday, driving results past Wall Street expectations even as its operational costs soared.
Categories: Reuters
Delta CEO: More summer flights seen as U.S. travel slowly rises
Delta Air Lines Inc is likely to increase capacity this summer by adding flights in June and July as U.S. domestic travel slowly picks up amid the novel coronavirus pandemic, its chief executive officer said on Wednesday.
Categories: Reuters
AT&T shuts Venezuela subscription TV unit, citing U.S. sanctions
AT&T Inc said on Tuesday it was shutting its DirecTV subscription access to Venezuela due to U.S. sanctions, cutting off a key source of entertainment for millions of people stuck in their homes under a strict coronavirus quarantine.
Categories: Reuters
Lowe's sales surge as lockdowns spur home improvement spending
Lowe's Cos Inc reported its biggest rise in quarterly same-store sales in at least 15 years on Wednesday, as people spent more on tools and paint for do-it-yourself projects and home repairs during the coronanvirus lockdowns.
Categories: Reuters
Delta Air Lines adding flights in June, July: CEO
Delta Air Lines Inc is likely to increase capacity this summer by adding more flights in June and July, its chief executive officer told Fox Business Network in an interview on Wednesday.
Categories: Reuters
Futures jump as investors hold out for recovery
U.S. stock index futures climbed on Wednesday as investors clung to hopes of a recovery from a looming coronavirus-fuelled recession amid signs of more central bank and government stimulus for ailing sectors.
Categories: Reuters
Mining companies rush to shield indigenous communities from coronavirus
Big mining companies that rely on indigenous workforces or operate near remote communities have acted fast to curb the spread of the coronavirus and avoid a public health crisis that could damage their reputations.
Categories: Reuters
Target profit sinks 64% as COVID-19 costs offset gains from sales surge
Target Corp reported a 64% plunge in quarterly profit on Wednesday, pummeled by costs to tackle the coronavirus outbreak, even as panic-buying during the crisis lifted the big-box retailer's online and store sales.
Categories: Reuters
Lowe's beats sales estimates as lockdowns spur home improvement spending
Lowe's Cos Inc beat quarterly estimates for same-store sales on Wednesday, as coronavirus lockdowns led people to spend more on tools and paint for home remodeling and repairs, sending shares of the home improvement chain up 8%.
Categories: Reuters
