Business & Finance News
Britain’s advertising watchdog has ruled Royal Dutch Shell’s ad campaign on petrol pumps promising customers they can “drive carbon neutral” is acceptable, following complaints.
Abercrombie & Fitch Co has begun reopening stores in parts of the world where lockdown restrictions have eased, the company said on Wednesday, as more retailers chart out paths to recovery after the COVID-19 pandemic upended businesses.
U.S. private employers laid off a record 20.236 million workers in April as mandatory business closures in response to the novel coronavirus outbreak savaged the economy, setting up the overall labor market for historic job losses last month.
U.S. stocks futures pared gains after ADP’s report showed the private sector lost a record 20 million jobs in April.
U.S. private employers laid off a record 20.236 million workers in April as mandatory business closures in response to the novel coronavirus outbreak savaged the economy, setting up the overall labor market for historic job losses last month.
General Motors Co on Wednesday reported a huge plunge in first-quarter profit that raced past expectations, and the automaker outlined plans for a May 18 restart of most of its North American plants shut down by the coronavirus pandemic.
Global shares struggled on Wednesday as weak economic data, doubts about the easing of coronavirus lockdowns and simmering U.S.-China tensions cast a pall over markets.
Qatar Airways on Wednesday said it will start expanding its network this month in anticipation of countries easing travel restrictions that have halted global aviation.
The New York Times Co warned of a steep fall in advertising sales in the current quarter after beating Wall Street’s profit and revenue estimates on Wednesday, as it added more subscribers in a period dominated by heavy news coverage around the COVID-19 pandemic.
Qatar Airways on Wednesday said it planned to start rebuilding its network this month and targeted flying to 80 destinations by June.
Canadian miner Barrick Gold Corp reported a nearly 55% rise in quarterly adjusted profit on Wednesday, benefiting from a surge in gold prices and higher copper production.
The New York Times Co beat Wall Street’s revenue estimates on Wednesday as it added more subscribers in a quarter dominated by heavy news coverage around the COVID-19 pandemic.
CVS Health Corp on Wednesday posted first-quarter profit above Wall Street estimates, as its pharmacy benefits management business and its drugstores benefited from customers stockpiling medicines due to COVID-19 lockdowns.
U.S. stock index futures rose on Wednesday as investors turned hopeful of a pickup in business activity with several countries and U.S. states relaxing coronavirus-induced curbs.
U.S. e-cigarette maker Juul Labs said on Wednesday it would end operations in South Korea, a year after it entered the market there but failed to gain traction amid government health warnings.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
