Lufthansa grounds Germanwings in sweeping restructuring
Lufthansa on Tuesday said it will ground its Germanwings low-cost airline as part of a broader overhaul which includes cutting flight capacity across the group....
U.S. SEC’s Clayton says companies seeking bailouts must disclose plans, communicate with investors
The head of the U.S. Securities and Exchange Commission (SEC) said on Tuesday that companies in discussions about bailouts resulting from the economic impact of...
Hopes of progress against virus lift stocks, weigh on dollar
World stock markets posted sharp gains on Tuesday as signs of progress in curbing the spread of the novel coronavirus in both Europe and the...
Goldman Sachs must face class action over conflicts of interest, risky mortgages
Goldman Sachs Group Inc must face a shareholder class action accusing the bank of hiding conflicts of interest, including behind-the-scenes dealings with a prominent hedge...
Side effects: Fuel demand crash shuts U.S. ethanol plants, meatpackers lack refrigerant
A slew of U.S. ethanol plants have shut down as fuel demand has collapsed during the coronavirus outbreak, and meatpackers have been hit by a...
Exxon lops 30% off 2020 spending, deeper and later than rivals
Exxon Mobil Corp on Tuesday throttled back investment in shale, natural gas and deep water production, cutting planned capital spending by 30% this year as...
Exclusive: U.S. grants GE license to sell engines for China’s new airplane
The Trump administration on Tuesday granted a license to General Electric Co to supply LEAP-1C engines for China’s C919 passenger jet, a spokeswoman for the...
Wall Street jumps at open on coronavirus slowdown hopes
U.S. stocks jumped at the opening bell on Tuesday, as early signs of a slowdown in coronavirus cases in U.S. hot spots raised hopes that...
Big OPEC+ oil output cuts depend on U.S., others joining: sources
Saudi Arabia, Russia and allied oil producers will only agree to deep cuts to their crude output at talks this week if the United States...
U.S. finalizes minimum service rules for airlines receiving assistance
The U.S. Transportation Department on Tuesday issued final rules setting minimum service requirements for passenger airlines receiving government financial assistance....