Lufthansa says is seeking 9 bln eur bailout
Lufthansa on Thursday said it is negotiating a 9 billion euro ($9.71 billion) “stabilisation package” with Germany’s Federal Economic Stabilization Fund....
Stocks shake-off U.S. jobs data thanks to China trade relief
World shares largely shook off data on Thursday showing millions more Americans sought unemployment benefits, with sentiment sustained by stronger than expected Chinese exports....
Harley-Davidson names Jochen Zeitz as CEO
Motorcycle maker Harley-Davidson Inc on Thursday named Jochen Zeitz as chief executive officer. Zeitz has served as acting president and CEO of the company since...
Wall Street set to jump as China data fuels recovery hopes
Wall Street’s main indexes were set to open sharply higher on Thursday after a surprise rise in Chinese exports and a surge in oil prices...
Fashion shift online picks up even as stores reopen
Retailers selling fashion online are emerging as the winners of the coronavirus crisis as consumers are staying home even as stores start to reopen, results...
Kohl’s to reopen 25% of stores as states lift lockdown restrictions
Kohl’s Corp said on Thursday it plans to reopen a quarter of its stores by next week, as retailers start to get business going again...
PayPal, Square eye boost as crisis spurs online shopping shift
Wall Street analysts looked past a surprisingly shaky first quarter for payment processors PayPal Holdings Inc and Square Inc hoping that the shift towards more...
GSK sells $3.4 billion Hindustan Unilever stake in largest India block trade
GlaxoSmithKline has sold its stake in Unilever’s Indian business for $3.4 billion, marking India’s largest block trade, which will help the British company in its...
U.S. and Europe spar over next stage of aircraft subsidy dispute
The United States said there was “no valid basis” for the European Union to retaliate against U.S. goods in a long-running subsidy row after Boeing...
Air France job cuts to test CEO Smith’s consensual style
Air France-KLM is opening talks with its French unions on workforce cuts, Chief Executive Ben Smith told Reuters, as the airline group warned of mounting...