FedEx set to take stake in German deliver firm Hermes: report
U.S. logistics company FedEx Corp is close to taking a stake in German parcel delivery firm Hermes, the Handelsblatt newspaper reported on Wednesday....
Luxury homebuilder Toll Brothers scraps 2020 forecast on COVID-19 woes
U.S. luxury homebuilder Toll Brothers Inc on Wednesday withdrew its full-year forecast and warned it would not provide such guidance for the foreseeable future due...
United reshuffles management as it prepares for uncertain recovery
United Airlines Holdings Inc said on Wednesday that Jon Roitman will be replacing Greg Hart as chief operations officer effective June 1 as part of...
Ackman says hedge fund up 27% year to date, dumped Berkshire
William Ackman’s hedge fund is boasting double-digit gains at a time many portfolios have sunk along with the economy during the coronavirus pandemic, after the...
Nissan to begin restart of U.S. auto plants on June 1
Japanese automaker Nissan Motor Co said Wednesday it plans to begin restarting its shuttered U.S. manufacturing operations beginning June 1....
Boeing cutting more than 12,000 U.S. jobs, thousands more planned
Boeing Co said Wednesday it was eliminating more than 12,000 U.S. jobs, including involuntary layoffs of 6,770 U.S. workers as the largest American planemaker restructures...
Wall Street gains with economic hopes; bank stocks jump
U.S. stocks rose on Wednesday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns...
Moderna rally loses steam over COVID-19 vaccine worries
Shares of biotechs racing to make coronavirus vaccines, including Moderna Inc , fell about 10% on Wednesday, as investor concerns grew about the prospects of...
Stocks rally on EU stimulus plan, euro gains
The euro and equity markets advanced on Wednesday as enthusiasm for the European Union’s plans for a 750 billion euro ($823 billion) recovery fund offset...
Mgm Resorts to re-open its Las Vegas casinos on June 4
Mgm Resorts said on Wednesday it would re-open its Las Vegas casinos on June 4 after months of closure due to public health restrictions related...