Lufthansa bailout talks hit snag, drag on – Handelsblatt
Talks over a 9-billion euro German government bailout of Lufthansa have hit a snag and will continue over the weekend, a German newspaper reported on...
EasyJet founder loses bid to oust management in strategy showdown
EasyJet founder Stelios Haji-Ioannou failed in his attempt to oust the airline’s top three bosses on Friday, giving it a brief respite in its battle...
Deere sees sharp fall in annual profit as lockdowns sap demand
Deere & Co on Friday forecast a sharp fall in full-year profit as farmers and ranchers struggle to bring their goods to market because of...
EasyJet board looks set to win latest battle with Stelios
EasyJet’s board looks poised to win a shareholder vote on Friday and deal a blow to its founder and long-term critic over the British low-cost...
EasyJet shareholders reject founder’s proposals to oust key management
EasyJet on Friday said all four resolutions put forth by its founder Stelios Haji-Ioannou to oust key management were rejected by its shareholders, with nearly...
Wall Street Week Ahead: Investors look beyond drug makers as hunt for Covid-19 treatment heats up
Investors are diversifying bets in the healthcare sector, as the rush to develop treatments for Covid-19 has driven up prices for some pharmaceutical stocks....
Alibaba revenue tops as online sales surge during lockdown
China’s Alibaba Group Holding Ltd reported a better-than-expected quarterly revenue on Friday, as the COVID-19 lockdowns drove more people to shop online for essentials....
Deere profit tops as demand slump not as bad as feared
Deere & Co topped quarterly estimates for profit on Friday as demand for farm equipment fell less than feared and the company kept a tight...
France warns Renault could disappear; Nissan plans job cuts
Europe’s car industry was put on alert for more job losses on Friday as a French minister warned Renault could disappear if it didn’t get...
Futures retreat as Sino-U.S. tensions simmer
U.S. stock index futures retreated on Friday as growing tensions between Washington and Beijing added to fears of a slower recovery from a coronavirus-led recession....