April 11, 2020

Exclusive: Macy’s taps Lazard to bolster finances as coronavirus saps sales – sources

Macy’s Inc has hired investment bank Lazard Ltd to explore options for bolstering its finances after the department store operator lost most of its revenue as […]
April 11, 2020

Exclusive: JPMorgan Chase to raise mortgage borrowing standards as economic outlook darkens

JPMorgan Chase & Co , the country’s largest lender by assets, is raising borrowing standards this week for most new home loans as the bank moves […]
April 11, 2020

Warehouse workers risk COVID-19 to ship Gucci shades, face cream, sofas

As U.S. authorities ordered shutdowns of non-essential businesses to fight coronavirus, retailer Nordstrom Inc closed hundreds of stores and gave in-store workers three weeks’ pay, calling […]
April 11, 2020

EU puts anti-dumping duties on stainless steel from China, Indonesia and Taiwan

The European Commission has imposed provisional anti-dumping duties on some stainless steel products from China, Indonesia and Taiwan, according to the official EU journal, nearly eight […]
April 11, 2020

Staff mailboxes at Italy’s Monte dei Paschi suffer hacker attack: document

Hackers have accessed the mailboxes of some employees at Italian state-owned bank Monte dei Paschi ‹BMPS.MI› and sent emails to clients, according to a notice to […]
April 11, 2020

Air France in talks with French govt over emergency funding: Les Echos

Air France KLM has requested several billion euros of emergency funds from the French state while it negotiates a loan package from banks, which would be […]
April 11, 2020

Siemens CEO rules out job cuts from coronavirus impact

Siemens will not cut its workforce because of the economic downturn triggered by the new coronavirus, Chief Executive Joe Kaeser said, although short-time working measures could […]
April 11, 2020

Honeywell renews $1.5 billion revolving credit agreement

Honeywell International Inc said on Friday it had renewed a revolving credit agreement for $1.5 billion, to be used for general corporate purposes when needed. Powered […]
April 11, 2020

Boeing hires Lazard, Evercore to assess government aid or private loans: source

Boeing Co has hired investment banks Lazard and Evercore Inc to assess potential U.S. government assistance or private sector loans, a person briefed on the matter […]
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