Thyssenkrupp taps 1 billion euro in state aid amid cash squeeze before elevator sale
Thyssenkrupp has secured about 1 billion euros ($1.1 billion) of state aid to tide it over until it receives the money from the sale of...
Stocks nurse record monthly gains ahead of ECB
World stocks headed for their best month on record on Thursday, as encouraging early results from a COVID-19 treatment trial and expectations of more European...
ConocoPhillips reports 58% fall in quarterly profit
U.S. oil and gas company ConocoPhillips reported a 58% plunge in adjusted quarterly profit on Thursday, weighed down by lower output and an unprecedented plunge...
Comcast first-quarter broadband growth tops views, coronavirus hurts advertising
Comcast Corp on Thursday reported its best quarter of broadband net additions in 12 years, but revenue fell shy of Wall Street’s estimate as the...
McDonald’s profit slides as restaurants limit services
McDonald’s Corp reported a 16.7% slide in quarterly profit on Thursday as most of its restaurants across the globe limited their services to deliveries and...
Lufthansa, unions: we want to keep as many jobs as possible
Lufthansa and unions representing much of its staff told the German government that their joint top priorities were to maintain the airline’s competitiveness after the...
Facebook could address some U.S. antitrust concerns with new photo transfer tool
Facebook Inc will allow users in the United States and Canada to transfer photos and videos to a rival tech platform for the first time...
Credit Cuisse chairman successor search well underway, says Rohner
Credit Suisse’s search for a new chairman is well underway, the current chairman Urs Rohner told shareholders at the bank’s annual general meeting on Thursday....
Malaysia Airlines says working with Khazanah for financial support, taken cost cuts
Malaysia Airlines (MAB) is working closely with sole shareholder Khazanah Nasional for financial support while also taking steps to defend its cash position to sustain...
Britain’s Sainsbury’s warns of $623 million hit to profit from coronavirus
British supermarket group Sainsbury’s warned the impact of the coronavirus pandemic on current year profit could be over 500 million pounds ($623 million) and said...