Rationale for FCA-PSA merger deal ‘stronger than ever’: Elkann
The reasons for Fiat Chrysler and Peugeot-owner PSA’s merger are “stronger than ever,” the FCA chairman said on Wednesday, as the COVID-19 pandemic adds to...
Wall Street set to rise as investors hold out for recovery
Wall Street was set to open sharply higher on Wednesday as investors clung to hopes of a recovery from a coronavirus-fuelled slump amid signs of...
U.S. Senator Rubio: Consensus seen to give companies more time for PPP loans
There appears to be agreement in Washington to give companies more time to utilize their coronavirus aid under the Paycheck Protection Program, the head of...
Deutsche Bank chairman to stand down in 2022
Deutsche Bank’s chairman Paul Achleitner said he intends to step down when his term ends in 2022, heralding a new era at Germany’s largest lender...
Norwegian Air’s lessors take majority ownership
Lessors including AerCap and BOC Aviation are now the biggest shareholders in Norwegian Air after the budget carrier completed a debt restructuring and secured a...
Harley plans to ship fewer models to U.S. dealer: WSJ
Harley-Davidson Inc is reopening its factories this week at lower production rates and sending dealers a narrower range of motorcycles, the Wall Street Journal reported...
Stocks gain as vaccine rally falters
Global stocks rose on Wednesday as investors regained hopes of recovery from a coronavirus-fuelled recession, while oil prices also strengthened....
JetBlue to keep blocking seats through July 6; United teams up with Clorox
JetBlue Airways Corp said on Wednesday it will continue blocking seats on its aircraft through at least July 6, while United Airlines Holdings Inc said...
Target’s coronavirus-led online sales surge comes at heavy costs
Target Corp’s quarterly online sales surged 141% due to panic buying in the coronavirus crisis, the retailer said on Wednesday, driving results past Wall Street...
Delta CEO: More summer flights seen as U.S. travel slowly rises
Delta Air Lines Inc is likely to increase capacity this summer by adding flights in June and July as U.S. domestic travel slowly picks up...