Exclusive: Fiat, PSA merger hits EU roadblock, may need concessions – sources
Fiat Chrysler’s planned $50 billion merger with Peugeot maker PSA has hit a bump after EU regulators voiced concerns about the companies’ market share in...
Gilead shares rise 5% on report of AstraZeneca’s interest in megamerger
Shares of U.S. drugmaker Gilead Sciences Inc rose over 5% in premarket trading on Monday after a report it had been approached by Britain’s AstraZeneca...
Austria strikes 450 mln eur bailout deal for Lufthansa unit: sources
Austria has agreed to a smaller-than-expected bailout package for Lufthansa unit Austrian Airlines of 450 million euros ($508 million) in loans and grants, people familiar...
Exclusive: BP to cut 15% of workforce – sources
BP plans to cut about 15% of its workforce in response to the coronavirus crisis and as part of Chief Executive Bernard Looney’s plan to...
Austria strikes 450 million eur bailout deal for Lufthansa unit: sources
Austria has agreed to a smaller-than-expected bailout package for Lufthansa unit Austrian Airlines of 450 million euros ($508 million) in loans and grants, people familiar...
Ryanair boss sees UK quarantine dropped or quashed by end-June
Ryanair believes Britain’s courts will either strike down a 14-day quarantine for international travellers this week or the government will drop the measure before the...
PG&E plans $5.75 bln 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...
Futures rise on optimism over economic revival
U.S. stock index futures rose on Monday as a surprisingly upbeat jobs report last week added to optimism that the world’s biggest economy has weathered...
EasyJet CEO says legal case against UK quarantine is strong
Britain’s quarantine plan was rushed into existence, is out of proportion and should be challenged in the courts, according to the head of easyJet which...
Stocks inch up on quick economic revival hopes
World stocks inched higher on Monday, adding to a 42% surge from their March lows, as a surprise jump in last week’s U.S. employment data...