Bankrupt Hertz wins approval to offer up to $1 billion in shares
A bankruptcy judge on Friday approved Hertz Global Holdings Inc’s proposal to sell up to $1 billion in shares, as the car rental firm looks...
Wall Street ends higher but indexes mark worst week since March selloff
U.S. stocks ended higher on Friday as bargain hunters stepped back into the market following sharp losses a day earlier, but all three major indexes...
Wall Street ends higher but indexes mark worst week in more than two months
U.S. stocks ended higher on Friday as bargain hunters stepped back into the market following sharp losses a day earlier, but all three major indexes...
Oil prices see weekly loss on virus resurgence fears
Oil was little changed on Friday and logged a first weekly decline since April as new U.S. coronavirus cases spiked, stoking fears of a second...
California examines Amazon’s business practices: WSJ
California investigators are examining Amazon.com Inc’s business practices as part of an inquiry into the company, the Wall Street Journal reported on Friday, citing people...
World shares modestly lower as investors mull coronavirus, recovery outlook
Global equity markets gave back earlier gains on Friday as concerns triggered by the U.S. Federal Reserve’s less-than-optimistic outlook for an economic recovery and a...
Volkswagen, Audi on hold as Mexico’s Puebla state not ready to reopen
Mexico’s Puebla state, where German automaker Volkswagen and its luxury brand unit Audi have major plants, said it is not ready to reopen its automotive...
Bankrupt car rental firm Hertz to offer up to $1 billion in shares
Car rental firm Hertz Global Holdings Inc said it would sell up to $1 billion in shares, cashing in on a huge speculative rise in...
Coronavirus threatens Chicago’s last remaining trading pits
Chicago brokers and traders worry the novel coronavirus will kill more of the city’s once famous shout-and-gesture trading pits....
‘Persistent fragilities’ ahead for households and businesses -Fed report
The Federal Reserve expects household finances and business balance sheets to suffer “persistent fragilities” as a result of the shock to economic activity arising from...