Lufthansa’s Austrian arm gets 450 million euro government bailout
Austria is granting Lufthansa’s Austrian Airlines unit a 450 million euro ($508 million) bailout that will protect Vienna as a transit hub and safeguard “the...
Nasdaq sets new record, close to confirming bull market in place
The Nasdaq composite rose to a new record high on Monday, and looks on track to confirm that it has been in a bull market...
Volkswagen replaces Herbert Diess as CEO of VW brand
Volkswagen on Monday named Ralf Brandstaetter as the new chief executive (CEO) of its core VW car brand, replacing Herbert Diess, who retains his title...
Stocks gain on quick economic revival hopes, oil slides
A gauge of global equity markets rose on Monday on hopes of a fast recovery from the coronavirus economic slump while oil slid after Saudi...
U.S. economy entered recession in February: NBER
The U.S. economy ended its longest expansion in history in February and entered recession as a result of the coronavirus pandemic, the private economics research...
Wall Street marches higher on hopes of swift economic rebound
Wall Street’s main indexes rose on Monday, building on last week’s sharp gains after a surprisingly upbeat jobs report raised bets of a swift recovery...
Dunkin’ franchisees to hire up to 25,000 workers as U.S. states reopen
Dunkin’, a unit of Dunkin’ Brands Group Inc , said on Monday its franchisees are seeking to hire up to 25,000 workers as it prepares...
U.S. consumers grew slightly more optimistic about jobs and earnings in May
U.S. consumers felt slightly more optimistic about their finances and job security in May as businesses began to reopen and rehire workers following the easing...
Elanco wins conditional EU antitrust okay for $7.6 billion Bayer deal
Elanco Animal Health secured EU antitrust clearance on Monday to buy Bayer’s veterinary drugs unit after pledging to sell some products to address competition concerns...
Ryanair’s O’Leary says UK quarantine will be quashed or dropped
Ryanair boss Michael O’Leary said he believed Britain’s coronavirus quarantine will be struck down by the courts or dropped within weeks as some of Europe’s...