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