Gap says current cash and credit lines may not be sufficient to fund operations
Gap Inc said on Thursday its existing cash levels and credit facilities may not be sufficient to run its business and it would have to...
Drowning in crude, U.S. drillers say Trump strategic reserve plan is no lifeline
President Donald Trump’s plan to fill the U.S. emergency crude oil stockpile has become the centerpiece of his administration’s strategy to shield drillers from a...
Target’s online sales skyrocket as shoppers stock up from their homes
A surge in online sales for Target Corp in March and April offset the bulk of damage done by coronavirus lockdowns to in-store sales, but...
U.S. House to pass nearly $500 billion more in coronavirus relief
Hundreds of members of the U.S. House of Representatives will gather in Washington on Thursday to pass a $484 billion coronavirus relief bill, bringing the...
Renault seeks state-backed loan as coronavirus crisis drags on
Renault is in talks with the French government to secure a state-backed loan worth several billion euros by mid-May to shore up its liquidity during...
Eli Lilly reports 15% rise in quarterly sales
Eli Lilly and Co reported a 15.1% rise in first-quarter sales on Thursday, boosted by higher sales of its top-selling diabetes drug Trulicity and also...
UniCredit appoints Hecker as global head of equity capital markets
UniCredit has appointed Jana Hecker, formerly at Deutsche Bank, as its global head of equity capital markets (ECM), Italy’s biggest bank said on Thursday....
Fiat Chrysler to restart van production at Atessa plant at 70% normal rate: union
Fiat Chrysler (FCA) aims to restart van production at its Atessa joint venture plant in central Italy at 70% of the normal rate, a union...
With reopenings in U.S. South, some merchants lay out welcome mat, others fearful
Angie Bullman plans to reopen her suburban Atlanta hair salon on Friday after closing a month ago to comply with state orders. She and her...
Mideast governments failing to protect airlines: IATA
Middle East governments are failing to take the action required to protect their airlines from the economic crisis caused by the new coronavirus pandemic, the...