McDonald’s pulls forecast as coronavirus outbreak hits quarterly sales
McDonald’s Corp posted a steeper-than-expected decline in first-quarter comparable store sales and the burger chain pulled its full-year forecast as coronavirus-led lockdowns forced it to...
Fed says modifying Wells Fargo asset cap so bank can make more small business loans
The U.S. Federal Reserve said on Wednesday it would “temporarily and narrowly” modify the growth restriction on Wells Fargo & Co’s asset cap so the...
Corona beer maker Constellation to reduce production in Mexico during pandemic
Constellation Brands Inc , the U.S. distributor of Corona beer, said on Wednesday it would reduce production at its Mexican breweries, just days after it...
U.S. dollar drifts higher as optimism ebbs on coronavirus crisis
The U.S. dollar edged higher on Wednesday in choppy trading, attracting safe-haven bids, as optimism faded that the coronavirus crisis may be nearing a peak...
EasyJet founder seeks to oust directors over Airbus plane order
EasyJet’s founder Stelios Haji-Ioannou demanded on Wednesday a shareholder vote to remove two directors, as part of his battle to try to force the British...
JetBlue seeks government permission to suspend flying at some airports as demand drops
JetBlue Airways Corp said on Wednesday it is consolidating flights in five U.S. metropolitan areas into just one or two airports and also asking the...
Equities climb on hopes pandemic is peaking
World equity markets edged higher and oil prices stabilized on Wednesday on hopes the coronavirus pandemic is peaking and that more government stimulus measures could...
McDonald’s pulls 2020 outlook as quarterly comparable sales fall 3.4%
McDonald’s Corp posted a steeper-than-expected decline in quarterly comparable store sales and the company pulled its full-year forecast as coronavirus-led lockdowns forced it to shutter...
Tiffany says Australian regulators seek more time to review LVMH deal
Tiffany & Co said on Wednesday Australian regulators have sought more time to review LVMH’s multi-billion dollar purchase of the U.S. jeweler due to the...
Spirit AeroSystems halts production for Boeing jets indefinitely
Spirit AeroSystems , Boeing’s top supplier, said on Wednesday it had stopped production for the planemaker for an indefinite period and would furlough workers supporting...