U.S. labor market stabilizing as layoffs abate
U.S. private payrolls fell less than expected in May, suggesting layoffs were abating as businesses reopen, though the overall economy’s recovery from the COVID-19 pandemic...
TUI strikes compensation deal with Boeing, delays 737 MAX deliveries
Europe’s biggest travel company, TUI Group , said it has struck a deal with Boeing for compensation and deferred deliveries of the grounded 737 MAX...
Gilead’s remdesivir could see $7 billion in annual sales on stockpiling boost: analyst
Gilead Sciences Inc’s potential COVID-19 treatment, remdesivir, could bring in more than $7 billion in annual sales by 2022, spurred by governments stockpiling the drug...
Walmart removes firearms, ammunition from floor display as protests rage in U.S
Walmart Inc said on Wednesday it shifted firearms and ammunition out of sales floors of some U.S. stores amid nationwide protests over the death of...
Wall Street gains on Boeing boost, recovery hopes
A jump in Boeing shares lifted Wall Street on Wednesday, with investors remaining optimistic about an economic rebound from a coronavirus-led slump amid continuing social...
LVMH’s Arnault mulls ways to renegotiate deal with Tiffany: sources
LVMH CEO Bernard Arnault is exploring ways to reopen negotiations on the French luxury goods giant’s $16.2 billion acquisition of U.S. jewelry chain Tiffany &...
LVMH’s takeover of Tiffany seen as uncertain: WWD
French luxury goods group LVMH’s $16.2 billion takeover of Tiffany & Co is looking less certain as the jeweler grapples with a deteriorating situation in...
Trump administration to bar Chinese passenger carriers from flying to U.S.
President Donald Trump’s administration on Wednesday barred Chinese passenger carriers from flying to the United States starting on June 16 as it pressures Beijing to...
Deutsche Bank faces action from NY regulators over Epstein ties: sources
Deutsche Bank could face enforcement action by New York regulators investigating its ties to the late U.S. financier and accused sex offender Jeffrey Epstein, two...
France nears 1-billion-euro crisis fund for aero suppliers: sources
French government and industry officials are negotiating a 1-billion-euro, privately led investment fund for small aerospace suppliers in which major manufacturers could invest 200 million...