Nasdaq hits record high as U.S. recession becomes official
Surging technology and communications stocks have put the Nasdaq on the cusp of confirming that it is in a new bull market just 16 weeks...
JetBlue to fly about 50% of July schedule, more in August: CNBC interview
JetBlue Airways Corp expects to fly about half of its original schedule in July, up from about 25% to 30% in June, and a bit...
It’s official: U.S. economy entered recession in February
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...
Volkswagen replaces Herbert Diess as CEO of the VW brand
Volkswagen replaced Herbert Diess as chief executive of the VW brand on Monday and installed chief operating officer Ralf Brandstaetter to lead cost cutting efforts...
PG&E plans $5.75 billion equity raise to fund bankruptcy exit
California-based power provider PG&E Corp said on Monday it plans to raise $5.75 billion from public offerings as it tries to emerge from Chapter 11...
Nestle confirms sale of Buitoni brand’s North American business
Nestle SA is selling the North American business of its Buitoni pasta brand to private-equity firm Brynwood Partners, the Swiss food group said on Monday....
U.S. economy entered recession in February, business cycle arbiter says
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...
Nasdaq hits new record on swift economic recovery hopes
U.S. stocks rose on Monday, with the Nasdaq hitting a record high for the second straight session, after a surprisingly upbeat jobs report last week...
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...