UTC, Raytheon deal wins U.S. antitrust approval, with divestitures
The U.S. Justice Department has approved United Technologies Corporation’s planned merger with Raytheon Co , subject to conditions, the agency said on Thursday....
U.S. carmakers move to shore up cash, Ford to restart some plants
The two largest U.S. automakers on Thursday announced measures to shore up their finances as the coronavirus pandemic takes a deep economic bite, with Ford...
Gap pulls forecast, suspends dividend, taps $500 million credit as coronavirus bites
Gap Inc on Thursday withdrew its full-year forecast issued just two weeks ago, suspended its dividend and said it will draw down on its entire...
GM extends North American shutdown, does not set restart date
General Motors Co said Thursday it will extend a shutdown of its North American plants beyond March 30, but added it does not know when...
Fed balance sheet tops $5 trillion for first time as it enters coronavirus war mode
The U.S. Federal Reserve’s balance sheet rocketed past $5 trillion in assets for the first time this week as it scooped up bonds and extended...
Time to buy stocks again, market mavens say
BlackRock, Credit Suisse and some other big banks reckon it is time to get back into equities after markets rallied this week following massive government...
Big banks reassure staff about potential job cuts
Big banks are postponing decisions about staff cuts as the coronavirus hits their businesses hard, with executives saying they are unsure how long the outbreak...
Petrobras’ divestment push in Brazil challenged by oil price war
A move by Brazil’s Petrobras on Thursday to slash output, capital spending and dividends brings the state-run oil firm into alignment with global rivals confronted...
Dow wraps up strongest three days since 1931
The Dow Jones Industrial Average wrapped up its strongest three days in nine decades on Thursday as record weekly U.S. jobless claims came in below...
U.S. home healthcare industry warns of possible ‘collapse’
Home healthcare providers, the lifelines to 12 million vulnerable Americans, are scrambling to decide how to serve patients who show symptoms of coronavirus — and...