Uniper announced on Friday the appointment of new directors following the resignation of a raft of supervisory board members earlier this month, after Finland’s Fortum secured a 69.6% stake in the German energy group.
Ford Motor Co said on Friday it would tap debt markets to shore up its cash reserves as the coronavirus outbreak pummeled vehicles sales and halted production, resulting in an estimated loss of about $2 billion for the first quarter.
The Members Exchange (MEMX), a new bourse backed by major Wall Street firms looking to take on the New York Stock Exchange and Nasdaq Inc through lower fees, said on Friday it delayed its planned launch date due to the coronavirus crisis.
General Motors said on Friday it had started delivering the first batch of 54 ventilators to U.S. hospitals treating severely ill COVID-19 patients.
There are currently no approved treatments or vaccines for the novel coronavirus, which has infected 2.18 million globally, according to a Reuters tally, and remdesivir is one of the treatments that has captured investor attention. Gilead said the totality of the data from the trial needed to be analyzed, and expects to report results from a study in severe COVID-19 patients at the end of the month, and data from other trials in May. The report said the University of Chicago Medicine Hospital was seeing rapid recoveries in fever and respiratory symptoms in patients with severe COVID-19 in …read more […]
Nigeria’s Rivers State has quarantined 22 Exxon Mobil Corp. employees for violating an order introduced last month restricting movement into the state to curb the spread of the coronavirus, its governor said on Friday.
The stock market is currently caught in a somewhat volatile trading range. The news headlines are far from pretty – the ranks of newly unemployed jumped to 22 million in the U.S. since policymakers are keeping people home to stem new coronavirus infections. Economic growth came to a standstill to end the first quarter, and start the second.But there are pockets of strength, and will be more in the coming months. Once the economy gets to 2021, the year-over-year trends in next year’s first and second quarters could be eye-popping. Healthcare is holding up very well for obvious reasons. Technology …read more […]
Yahoo Finance’s Ines Ferre breaks down the latest market action. …read more […]
Zoom has changed how people communicate during the coronavirus pandemic. But a problem has emerged with all the excess Zooming. …read more […]
Chile’s LATAM Airlines , South America’s largest carrier, will cancel 95% of its scheduled flights in May, the company said on Friday, maintaining similar levels to its current operations due to the coronavirus crisis.
E-commerce giant Amazon.com Inc is preparing to launch an ultra-fast grocery delivery service in the UK, trade magazine the Grocer reported on Friday, citing suppliers.
Global stocks rallied on Friday on President Donald Trump’s plans to revive the coronavirus-hit U.S. economy and hopes of a potential drug to treat COVID-19, while the dollar fell amid a growing risk-on sentiment among investors.
Private equity firm Canyon Bridge, the Chinese-backed owner of Imagination Technologies, told the British government it was committed to keeping the chip designer headquartered in the UK, confirming an earlier Reuters report.
Wall Street bounced on Friday as Boeing said it would resume production of commercial jets, with investors also cheering President Donald Trump’s plan to reopen the economy and on hopes of a potential drug by Gilead Sciences to treat COVID-19.
Activist investors say telecommunications pioneer AT&T Inc will not take their calls for its upcoming annual meeting, reinforcing their concerns that the shift of the gathering to cyberspace due to the COVID-19 pandemic would restrict shareholder input.
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