Government aid for Brazil’s airlines shrinks, while Panama’s Copa shrugs off bailout
Stress has been mounting for Latin American airlines as carriers brace for a slow recovery from the coronavirus pandemic, but Brazil’s government on Thursday reduced...
Neiman Marcus’s attempt to manage crushing debt undone by COVID-19
On March 17, about a week after the World Health Organization declared COVID-19 a pandemic, Neiman Marcus Group had no choice but to close its...
The great potato giveaway: U.S. farmers hand out spuds to avoid food waste
When Tina Yates pulled her truck up to a mall in western Washington state on Thursday, workers waved her past hundreds of cars waiting to...
Michigan governor allows coronavirus-hit manufacturers to reopen on May 11
Michigan Governor Gretchen Whitmer on Thursday said the state’s factories can reopen on May 11, removing one of the last major obstacles to North American...
Global hedge funds post April gains but still negative for the year: data
Global hedge funds posted their biggest monthly gain in more than a decade in April when stocks rocketed higher with the help of government rescue...
Ford plans to restart North America production from May 18
U.S. automaker Ford Motor Co said on Thursday it is planning to restart production and operations in North America in a phased manner, starting May...
Macy’s delays first-quarter results to July 1, citing COVID-19 disruption
Department store chain Macy’s Inc on Thursday delayed its first-quarter earnings report to July 1, citing significant business disruption due to the COVID-19 pandemic, which...
Wall Street gains with PayPal boost despite weak jobs data
Wall Street’s indexes climbed on Thursday following a clutch of upbeat earnings reports led by PayPal as investors looked past more weak jobs data caused...
Free beer! German brewery gives away beverages it can’t sell
Unable to deliver to hotels and restaurants closed due to coronavirus restrictions, a German brewery on Thursday gave away some 2,600 litres (690 gallons) of...
U.S. stock funds shed $10.8 million in week: Lipper
U.S.-based stock funds posted $10.8 billion in outflows in the week ended ON Wednesday, according to Lipper....