Business News
U.S. manufacturers struggle to keep workers in face of weak demand
Cheryl Wellman was able to bring back most of her furloughed workers last month with the help of a special government loan.
Month: June 2020
Trading Ideas
BA, Ryanair and EasyJet launch fight over 'devastating' quarantine plan
BA, Ryanair and EasyJet are challenging plans to force inbound travellers to self isolate for 14 days. …read more […]
Business News
EU regulators to decide on Alstom, Bombardier deal by July 16
EU antitrust regulators have set a July 16 deadline for a decision on whether to clear French TGV high-speed train maker Alstom’s bid for Bombardier Inc’s rail division, according to a filing on the European Commission website.
Business News
SoftBank share buybacks near $3 billion despite May slowdown
SoftBank’s share buybacks slowed in May, a company filing showed on Friday, although total purchases to support its share price since March reached 312 billion yen ($2.9 billion).
Trading Ideas
Bankrupt Hertz Pops 51% In Pre-Market On $1 Billion Share Sale Plan
Car rental company Hertz Global Holdings (HTZ) is reportedly asking a bankruptcy judge for permission to raise as much as $1 billion from a stock sale, to benefit from its recent share rally.The stock surged 51% in pre-market trading after closing 18% lower at $2.06 on Thursday. Shares more than doubled this month as investors piled up on the stock amid some optimism that Hertz may be able to work its way through bankruptcy proceedings, while travel is poised to rebound following the coronavirus crisis.As part of the plan, Hertz is offering as many as 246.78 million common shares with …read more […]
Business News
Wall St Week Ahead: Investors bet bounce in value stocks will stick
As the U.S. economy begins to emerge from the sharp slowdown during the coronavirus pandemic, some fund managers have been drawn to value stocks, a sector that underperformed during the recent rally.
Trading Ideas
Shares in Europe open steady after torrid trading on Thursday
It follows sharp falls on Thursday linked to fears of a second wave of coronavirus in the US. …read more […]
Business News
BA, easyJet and Ryanair fight British quarantine with legal action
British Airways, easyJet and Ryanair said on Friday they have begun legal action against the British government’s quarantine policy in a bid to overturn what they see as overly strict rules.
Business News
Global shares, oil slump as coronavirus fears take hold
A slump in global shares extended to its fourth day running on Friday and oil tumbled over growing concerns that a resurgence of coronavirus infections could stunt the pace of recovery from lockdowns.
Business News
Exclusive: Netflix in talks to source Indian content from Reliance affiliate Viacom18 – sources
U.S. video streaming company Netflix is in talks with Viacom18, part of the Indian conglomerate Reliance Industries’ media unit Network18, about a multi-year partnership to source content, three sources told Reuters, in a move that would expand a relationship between the two sides.
Business News
BA, easyJet and Ryanair launch legal action against UK quarantine
British Airways, easyJet and Ryanair have launched legal action against the UK government’s quarantine policy, asking for a judicial review to be heard as soon as possible.
Business News
BA, easyJet and Ryanair launch legal action over UK quarantine
British Airways, easyJet and Ryanair have launched legal action against the UK government’s quarantine policy, asking for a judicial review to be heard as soon as possible, a statement from BA’s parent IAG said.
Business News
Oil falls, rally ends as U.S. sees resurgence of coronavirus infections
Oil prices fell on Friday, extending big losses from overnight as U.S. coronavirus cases surged this week and raised the prospect of a second wave of the COVID-19 outbreak hitting demand in the world’s top consumer of crude and fuel.
Business News
Exclusive: Netflix in talks to source local Indian content from Reliance affiliate Viacom18 – sources
U.S. video streaming company Netflix is in talks with Viacom18, part of the Indian conglomerate Reliance Industries’ media unit Network18, about a multi-year partnership to source content, three sources told Reuters, in a move that would expand a relationship between the two sides.
Business News
Luxury food industry turns sour amid global coronavirus lockdowns
Global demand for premium foods like wagyu beef, bluefin tuna and caviar has plunged with thousands of restaurants shuttered and many economies sliding into recession amid the coronavirus pandemic.