General Electric cash flow forecast disappoints, shares fall
General Electric expects to burn more cash than expected in the second quarter, as the industrial conglomerate struggles with weakness in its aviation business due...
Talks on support for German car industry delayed: Bild
Closely-watched talks between top German politicians and car industry representatives to discuss support for a sector hit hard by the coronavirus crisis will no longer...
Small-business loan terms eased under U.S. House-passed bill
The U.S. House of Representatives on Thursday approved legislation increasing the amount of time, to 24 weeks from the current eight weeks, for small businesses...
Exclusive: U.S. taxpayers’ virus relief went to firms that avoided U.S. taxes
Last month Zagg Inc, a Utah-based company that makes mobile device accessories, received more than $9.4 million in cash from a U.S. government program that...
U.S. House approves bill lengthening coronavirus small-business loan terms
The U.S. House of Representatives on Thursday overwhelmingly approved legislation increasing the amount of time, to 24 weeks from the current eight-week deadline, for small...
Dollar chains expect robust demand as shoppers brace for recession
America’s top dollar store chains beat profit estimates on Thursday and said they would benefit from demand for affordable groceries and household essentials in coming...
Wall Street climbs on healthcare, tech push
Wall Street’s major indexes rose on Thursday, boosted by gains in healthcare and technology stocks, as investors bet on a swift recovery from a coronavirus-driven...
German union accuses Volkswagen of ‘management errors’ that put jobs at risks
Germany’s biggest labor union criticized Volkswagen on Thursday for a recent advert deemed racist and other “errors”, saying management had damaged the carmaker’s reputation and...
Oil prices rise on higher U.S. gasoline demand, refinery runs
Oil futures rose on Thursday, erasing earlier losses, on signs U.S. gasoline demand is rising despite a big surprise build in crude inventories and worries...
New York’s Cuomo says businesses can turn away people not wearing masks
New York Governor Andrew Cuomo said he would sign an executive order on Thursday authorizing businesses to deny entry to anyone who does not wear...