Ferrari to gradually restart operations from Monday
Luxury carmaker Ferrari said on Thursday it would restart operations at its Maranello and Modena plants on May 4, when Italy is set start lifting...
Lufthansa pilots offer to sacrifice up to 45% of salary: union
Pilots at Lufthansa are ready to sacrifice up to 45% of their salaries for more than two years to help cut costs, their union Cockpit...
Wall Street sidesteps Musk lockdown rant as Tesla numbers improve
Wall Street brokerages gave a resounding thumbs-up to Tesla Inc’s first-quarter numbers on Thursday, lauding the electric carmaker’s improved gross margins and sending its shares...
American Airlines posts $2.2 billion loss on pandemic, first since bankruptcy exit
American Airlines on Thursday posted a $2.2 billion net loss, its first quarterly loss since emerging from bankruptcy in 2013, and warned of a roughly...
Oil prices rise on some signs of pick-up in fuel demand
Oil prices jumped on Thursday, lifted by signs the U.S. crude glut is not growing as quickly as expected and indications of a rise in...
JPMorgan received almost $18 billion in PPP loan applications: bank
JPMorgan Chase & Co said in an email to small business clients late on Wednesday that it had submitted roughly 220,000 applications this week to...
Cut us some slack, German travel start-ups tell Google
A group of leading German travel start-ups appealed to U.S. tech giant Google on Thursday to offer them easier terms on paying for advertising to...
American Airlines posts first quarterly loss since emerging from bankruptcy
American Airlines on Thursday posted its first quarterly loss since emerging from bankruptcy in 2013, and said it expects second-quarter cash burn rate to be...
McDonald’s profit misses estimates as restaurants limit services
McDonald’s Corp missed Wall Street estimates for quarterly profit on Thursday as most of its restaurants limited their services to delivery, drive-thru and take-away to...
ConocoPhillips swings to loss on oil price slump, impairments
U.S. oil and gas company ConocoPhillips swung to a first quarter loss on Thursday as it took big hits from impairments and the falling value...