Volkswagen withdrew on Wednesday an advert posted on its official Instagram page for its Golf cars that it admitted was racist and insulting, saying it would investigate how it came about and draw consequences.
Terms of a planned merger between Fiat Chrysler and Peugeot-owner PSA are set in stone, FCA’s chairman said on Wednesday, brushing off talk that some aspects of the deal might be re-negotiated because of the COVID-19 crisis.
Buyout firm Apollo Global Management said on Wednesday it has invested $1.75 billion in Albertsons Companies Inc, a sign of confidence in the debt-laden U.S. supermarket operator whose fortunes have picked up in the coronavirus outbreak.
The Trump administration abruptly postponed an auction of oil and gas leases in New Mexico that had been scheduled to begin on Wednesday morning without providing a reason for the move.
The S&P 500 hit more than a two-month high on Wednesday as signs of additional economic stimulus raised hopes of a swift recovery from a coronavirus-driven slump.
German online fashion retailer Zalando proposed on Wednesday that Jennifer Hyman, the chief executive of U.S. clothing rental firm Rent the Runway, joins its supervisory board, replacing Alexander Samwer.
There will be no cap on the size of Canada’s emergency loans to large companies harmed by the coronavirus pandemic but there will be multiple restrictions, the government said on Wednesday, as it recommended wearing masks in public for the first time.
(Bloomberg) — Chancellor Angela Merkel said Germany’s talks to bail out Deutsche Lufthansa AG are nearing completion, providing hope for positive resolution just as the embattled airline’s management warned that a multibillion-euro rescue was becoming urgent.“A decision can be expected shortly,” Merkel said late Wednesday in Berlin, adding that “intensive talks” were ongoing with the company and the European Commission, which would need to approve a deal. She declined to go into details, saying: “I would give the advice: wait for the talks to end.”In a letter to employees, the airline warned cash reserves continued to shrink while it negotiates …read more […]
The U.S. Labor Department will expand inspections of businesses to reduce job-site hazards related to the new coronavirus as employees begin returning to work across the country, although the policy falls short of demands by worker advocates.
The personal finance personality says you have to face COVID-19 as a financial warrior. …read more […]
Dow Inc said on Wednesday it has shut down all operating units at its headquarters in Midland, Michigan, after flood waters breached its sites following the collapse of two dams.
(Bloomberg) — President Donald Trump said he’s sending federal emergency workers to Midland, Michigan, where dam failures have flooded a Dow Inc. chemical complex and homes in a disaster that may force the evacuation of more than 10,000 people.After two days of heavy rainfall, water from Lake Wixom breached one dam yesterday evening and then another late at night. That has caused Dow to close its headquarters and the manufacturing complex while the county has evacuated 1,000 people. As water levels continue to rise, the City of Midland expects to evacuate 10,000 more.In his tweeted response, Trump used the moment …read more […]
U.S. authorities on Wednesday arrested a former Special Forces soldier and another man wanted by Japan on charges that they enabled the escape of former Nissan Motor Co boss Carlos Ghosn out of the country.
Lawmakers in the U.S. House of Representatives plan to vote again next week on giving small businesses more time to utilize their coronavirus aid under the Paycheck Protection Program, House Speaker Nancy Pelosi said on Wednesday.
When JPMorgan Chase & Co staff return to offices in regions slowly re-opening from the coronavirus lockdown, some may be required to sit at common desks, or “hot desks,” a temporary seating arrangement that management hopes will make it easier to clean, according to a memo seen by Reuters.
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