Temperature checks, masks and quarantine will not deter people from a holiday in the sun after three months “locked up” at home, Ryanair’s chief executive Michael O’Leary said on Tuesday as he announced plans for 1,000 flights a day from July.
A unit of Morgan Stanley will pay a $5 million penalty to settle U.S. Securities and Exchange Commission charges it provided misleading information to clients in its retail wrap fee programs regarding trade execution services and transaction costs, the regulator said on Tuesday.
U.S. stock index futures ticked higher on Tuesday on hopes that the easing of virus-led business shutdowns would help jump-start a battered global economy, with investors also weighing the risks of reopening too soon.
As the U.S. travel industry remains mostly shutdown, one industry remains set to be hit the hardest. While airlines continue to fly drastically reduced schedules, the cruise lines are shutdown with major questions on future demand.As the coronavirus swept through parts of Asia, the Diamond Princess cruise ship was hit with tons of cases and numerous deaths. The way passengers were quarantined on the ship and subsequent events should really question the legitimate demand for cruising in the near-term. Long-term, passengers have always come back from other virus outbreaks and initial signs for 2021 demand are already positive.Even worse, the …read more […]
Immunomedics, Inc. (NASDAQ:IMMU) shareholders will have a reason to smile today, with the analysts making substantial… …read more […]
EasyJet founder Stelios Haji-Ioannou is offering 5 million pounds ($6.2 million) for any information that leads to the cancellation of its order for 107 Airbus jets as he steps up his campaign to oust the budget airline’s management.
One thing we could say about the analysts on Marathon Petroleum Corporation (NYSE:MPC) – they aren’t optimistic… …read more […]
(Bloomberg) — A fresh look at how a handful of patients are faring on Pfizer Inc.’s gene therapy for Duchenne muscular dystrophy will be key for investors in competitor Sarepta Therapeutics Inc.Underwhelming effectiveness or new safety issues in this week’s data could remove an overhang for Sarepta shares, which are on their longest winning streak since November. The update will be important in evaluating the competitive landscape before either company starts pivotal trials, wrote RBC Capital Markets analyst Brian Abrahams.RBC expects Pfizer’s presentation at the virtual meeting of the American Society of Gene & Cell Therapy on Friday could trigger …read more […]
Brussels Airlines, part of Germany’s Lufthansa , said on Tuesday it would reduce its fleet by 30% and its workforce by a quarter to guarantee its survival during and after the COVID-19 pandemic.
Ryanair plans to move back towards an all-Boeing fleet by cancelling leases for Airbus A320s for its Lauda subsidiary and likely replacing 30 Airbus jets at the Austrian airline with Boeing 737s, Chief Executive Michael O’Leary told Reuters. Ryanair’s purchase in 2018 of Airbus operator Lauda was pitched as a way to diversify the fleet of the budget airline group, which had until then exclusively flown Boeing jets and currently has over 450 737s. O’Leary, whose expansion plans have been curtailed by the grounding of Boeing’s 737 MAX, said in March last year he was in early talks …read more […]
Germany’s financial watchdog BaFin said on Tuesday that it was conducting multiple investigations into payments company Wirecard .
Brazil planemaker Embraer said Tuesday it delivered just five commercial jets in the first quarter, less than half what it delivered a year ago, blaming the slump on its preparations for a deal with Boeing Co that ultimately fell apart.
Today we’re going to take a look at the well-established CenturyLink, Inc. (NYSE:CTL). The company’s stock saw a… …read more […]
U.S. stock index futures ticked higher on Tuesday as China’s move to waive off tariffs on some U.S imports added to hopes that the easing of virus-led business shutdowns would help jump-start a battered global economy.
Lawmakers will quiz U.S. regulators this week on their efforts to help struggling consumers, oversight of massive federal bailout packages and regulatory easing when they appear before Congress this week for the first time since the novel coronavirus outbreak.
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