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...
Spain says it will do all it can to reverse Nissan closure, workers protest
Spain said on Thursday it would do everything possible to stop Nissan from closing its main car factory in the country as angry workers burned...
General Electric CEO warns of negative cash flow in 2020
General Electric Co on Thursday warned 2020 free cash flow would be negative as it struggles with weakness in its aviation and power units due...
Oil prices little changed as U.S. crude, diesel stocks swell
Oil futures dipped and then bounced to trade around even on Thursday after U.S. crude and distillate inventories rose much more than expected, with traders...
Morgan Stanley not given advisory role on Aramco pipeline sale: sources
Morgan Stanley has not been given an advisory role on the potential sale of a stake in Saudi Aramco’s pipeline business, a deal worth over...
China’s Geely Automobile launches share placement of up to $859 million
China’s Geely Automobile Holdings Ltd has launched an $836 million-$859 million placement of 600 million new shares, according to a term sheet seen by Reuters....
Nissan plans big cuts to go small after first loss in 11 years
Nissan Motor Co outlined a new plan on Thursday to become a smaller, more efficient carmaker after the coronavirus pandemic exacerbated a slide in profitability...
U.S. weekly jobless claims still elevated; core capital goods orders fall
The number of Americans filing for unemployment benefits held above 2 million last week for a 10th straight week amid job cuts by U.S. state...