Feed aggregator

Exclusive: Delta will add flights to keep planes no more than 60% full as demand rises - sources

Reuters Business News - Tue, 05/19/2020 - 05:53
Delta Air Lines Inc will keep planes no more than 60% full through at least July, adding more flights to its schedule than demand would usually justify, people familiar with the matter said.
Categories: Reuters

Factbox: House cleaning at Thyssenkrupp could start M&A wave

Reuters Business News - Tue, 05/19/2020 - 05:53
Steel-to-submarines conglomerate Thyssenkrupp has changed the structure of its sprawling empire, splitting operations into three categories as it seeks to simplify the business, stop cash burn and revive its battered share price.
Categories: Reuters

Home Depot misses profit estimates after handing out virus-related bonuses

Reuters Business News - Tue, 05/19/2020 - 05:35
Home Depot Inc missed estimates for quarterly profit on Tuesday, as the home improvement chain spent heavily to compensate employees working at its stores during the COVID-19 pandemic.
Categories: Reuters

JPMorgan hands out $30 billion in loans to small businesses: memo

Reuters Business News - Tue, 05/19/2020 - 05:25
JPMorgan Chase & Co has given out more than $30 billion in loans to over 250,000 businesses as part of the United States' coronavirus aid program for small businesses, Chief Executive Officer Jamie Dimon said in a memo on Tuesday.
Categories: Reuters

Home Depot reports over 6% rise in same-store sales

Reuters Business News - Tue, 05/19/2020 - 05:16
Home Depot Inc reported a 6.4% rise in quarterly same-store sales on Tuesday, as the COVID-19 pandemic caused a surge in demand for cleaning supplies and masks at the home improvement chain's stores.
Categories: Reuters

Deutsche Boerse chief says plans to fulfil his term as CEO

Reuters Business News - Tue, 05/19/2020 - 05:13
Deutsche Boerse Chief Executive Theodor Weimer said on Tuesday that he planned to complete his term through the end of 2024 at the helm of the stock exchange operator.
Categories: Reuters

Disney's streaming chief Mayer to become TikTok CEO

Reuters Business News - Tue, 05/19/2020 - 05:06
Walt Disney Co's top streaming executive, Kevin Mayer, will leave the entertainment and theme parks giant to become the chief executive officer of TikTok, the popular video app owned by China's ByteDance Technology Co, the companies said on Monday.
Categories: Reuters

EU recovery fund should support aerospace sector: France's Le Maire

Reuters Business News - Tue, 05/19/2020 - 05:03
The aerospace industry should be among the sectors that can tap a planned European recovery fund, French Finance Minister Bruno Le Maire said on Tuesday.
Categories: Reuters

Deutsche Boerse chief says plans to fulfill his term as CEO

Reuters Business News - Tue, 05/19/2020 - 04:37
Deutsche Boerse Chief Executive Theodor Weimer said on Tuesday that he planned to complete his term at the helm of the stock exchange operator.
Categories: Reuters

Oil gains on signs of output cuts, improved demand

Reuters Business News - Tue, 05/19/2020 - 04:16
Oil prices rose slightly on Tuesday amid signs that producers are cutting output as promised just as demand picks up, stoked by more countries easing out of curbs imposed to counter the coronavirus pandemic.
Categories: Reuters

Mitsubishi Motors' annual profit tumbles, refrains from issuing forecast

Reuters Business News - Tue, 05/19/2020 - 04:07
Mitsubishi Motors Corp posted on Tuesday an 89% drop in annual operating profit for its weakest performance in three years and skipped the year-end dividend, as the coronavirus outbreak added to the Japanese automaker's profitability woes.
Categories: Reuters

Exclusive: Nasdaq to tighten listing rules, restricting Chinese IPOs - sources

Reuters Business News - Tue, 05/19/2020 - 04:01
Nasdaq Inc is set to unveil new restrictions on initial public offerings (IPOs), a move that will make it harder for some Chinese companies to debut on its stock exchange, people familiar with the matter said on Monday.
Categories: Reuters

Abu Dhabi's Etihad cuts hundreds of jobs: sources

Reuters Business News - Tue, 05/19/2020 - 03:50
Abu Dhabi's Etihad Airways has laid off hundreds of employees this month, including cabin crew, after the coronavirus pandemic forced it to ground flights, according to industry and company sources.
Categories: Reuters

Mitsubishi Motors' full-year profit slumps 89%

Reuters Business News - Tue, 05/19/2020 - 03:39
Mitsubishi Motors Corp on Tuesday posted an 89% drop in annual operating profit in the year ended March as the Japanese automaker took a hit from falling vehicle sales as the coronavirus pandemic takes its toll on global demand for cars.
Categories: Reuters

Thyssenkrupp CEO: No taboos in steel consolidation plans

Reuters Business News - Tue, 05/19/2020 - 03:25
Thyssenkrupp's CEO on Tuesday said there were no taboos in plans to consolidate its steel unit, marking a break with tradition under which the business had been sacrosanct for centuries.
Categories: Reuters

Auto industry big part of Italy GDP, fair to back FCA for job creation: minister

Reuters Business News - Tue, 05/19/2020 - 03:24
The auto industry represents a significant share of Italy's economy and it is right to support those who create jobs, Deputy Economy Minister Laura Castelli said when asked about Fiat Chrysler's request for state-backed loans.
Categories: Reuters

Tesla's China car registrations plunge 64% month-on-month in April

Reuters Business News - Tue, 05/19/2020 - 03:08
U.S. electric vehicle maker Tesla Inc suffered a slump of 64% in car registrations in China in April on the month, data from auto consultancy LMC Automotive showed.
Categories: Reuters

Fan-free sports and curbside retail as California loosens coronavirus rules

Reuters Business News - Tue, 05/19/2020 - 03:08
Businesses in the San Francisco Bay Area may open for curbside retail and manufacturing, while fan-free professional sports events might be allowed as soon as June, as California continued to loosen coronavirus health restrictions on Monday.
Categories: Reuters

U.S. overtakes China as most attractive country for renewables investment: research

Reuters Business News - Tue, 05/19/2020 - 03:07
The United States has overtaken China as the most attractive country in the world for renewables investment and the global clean energy sector is expected to bounce back quickly despite the coronavirus pandemic, research showed on Tuesday.
Categories: Reuters

Electric car sales to fall, but not as much as other vehicles: research

Reuters Business News - Tue, 05/19/2020 - 02:31
Worldwide electric car registrations are set to fall 18% this year, but those of combustion engine cars are set to drop even faster, analysts BloombergNEF (BNEF) said on Tuesday, as the automotive sector is hammered by the coronavirus crisis.
Categories: Reuters
Syndicate content