April 23, 2020

U.S. House meets to pass $500 billion in coronavirus relief as unemployment soars

Hundreds of members of the U.S. House of Representatives gathered in Washington on Thursday to pass a $484 billion coronavirus relief bill, bringing the unprecedented total […]
April 23, 2020

French conglomerate Bouygues’ boss cuts his 2020 pay by 25%

Martin Bouygues, the boss of family-run French conglomerate Bouygues , said on Thursday that he and his brother Olivier will cut their total compensation by 25% […]
April 23, 2020

Wall Street rises on hopes worst for labor market is over

Wall Street gained on Thursday as jobless claims declined for the third straight week, raising hopes the worst of the coronavirus pandemic’s impact on the labor […]
April 23, 2020

Key U.S. lawmaker pushes for a ban on mergers until coronavirus pandemic ends

The chair of the House Judiciary Committee’s antitrust panel on Thursday called for a moratorium on mergers in the next coronavirus stimulus package and a ban […]
April 23, 2020

Millions of Americans join unemployed ranks as coronavirus ravages economy

A stunning 26.5 million Americans have sought unemployment benefits over the last five weeks, confirming that all the jobs gained during the longest employment boom in […]
April 23, 2020

U.S. new home sales fall sharply in March

Sales of new U.S. single-family homes dropped by the most in more than 6-1/2 years in March and further declines are likely as the novel coronavirus […]
April 23, 2020

Markets brush off ugly data, pin hopes on stimulus

World stocks inched up on Thursday on hopes for a massive joint stimulus fund to support the European Union during the coronavirus crisis and on an […]
April 23, 2020

Blackstone’s first-quarter profit rises but coronavirus weighs

Blackstone Group Inc , the world’s largest manager of alternative assets such as private equity and real estate, reported a 4% rise in its first-quarter distributable […]
April 23, 2020

Daimler’s earnings plunge as coronavirus hammers sales

German car and truck maker Daimler reported a plunge of nearly 70% in first-quarter operating profit on Thursday due to the coronavirus pandemic and warned that […]
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