Austria won’t help Lufthansa for nothing, says Chancellor Kurz
Austria will not help Lufthansa and its Austrian Airlines operation without receiving something in exchange and is looking to secure jobs within its borders, Chancellor...
Corona what? Tesla retail investors appear unfazed by virus impact
When Tesla Inc reports first-quarter results after the bell on Wednesday, many individual shareholders will not be looking for details on the subject that drives...
Minority businesses worry they are locked out of payroll lending program
As the government issues a second round of aid for small business owners, some U.S. senators, community banking groups and minority-owned banks said they are...
KFC operator Yum’s first-quarter profit falls 68.3%
Yum Brands Inc reported a 68.3% fall in quarterly profit on Wednesday, as many restaurants across its four brands were closed or limited to delivery...
Exclusive: Boeing eyes major bond issue to raise funds
Boeing Co is working with investment banks on a multibillion-dollar bond-fueled financing package, aiming to shore up its balance sheet amid a sharp travel downturn...
Ad group WPP says COVID-19 has speeded up strategy shift
The COVID-19 pandemic is forcing the world’s biggest advertising company WPP to accelerate its strategy of bringing its multiple agencies together to produce work more...
Wirecard slides again after short seller demands CEO’s head
Shares in Wirecard slumped again on Wednesday as a prominent short seller demanded the sacking of CEO Markus Braun after a special audit of the...
GE revenue falls 7.6% as coronavirus crisis takes toll
General Electric Co reported a 7.6% drop in first-quarter revenue, hurt by weakness in its aviation and power units due to the coronavirus pandemic, and...
Face masks and a factory redesign: How Bentley plans reduced return to work
Bentley will make wearing face masks compulsory at its British car factory and has introduced a two-metre distance between workers which will result in output...
U.S. SEC investigates Luckin Coffee over accounting scandal: WSJ
The U.S. Securities and Exchange Commission is investigating Luckin Coffee Inc for fabricating millions of dollars worth of sales deals last year, the Wall Street...