Fed’s Kaplan says U.S. economy has bottomed, ties rebound to testing
The U.S. economy has likely bottomed, Dallas Federal Reserve Bank President Robert Kaplan said on Thursday, but a healthy rebound depends on a massive increase...
German auto supplier ZF Friedrichshafen to cut up to 15,000 jobs: memo
German car parts supplier ZF Friedrichshafen plans to reduce the workforce by up to 15,000 jobs, or around 10%, by 2025 as a result of...
COVID-19 infects more than 3,000 U.S. meatpacking workers: union
More than 3,000 U.S. meatpacking workers have tested positive for COVID-19 and at least 44 workers have died, the country’s largest meatpacking union said on...
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...