June 8, 2020

S&P 500, Dow extend rally on hopes of swift economic rebound

Wall Street’s major indexes rose on Monday, building on last week’s sharp gains after a surprisingly upbeat jobs report raised bets of a swift recovery from […]
June 8, 2020

Austria strikes €450 million bailout deal for Lufthansa unit, sources say

Austria has agreed to a smaller than expected bailout package for Lufthansa unit Austrian Airlines of 450 million euros ($508 million) in loans and grants, people […]
June 8, 2020

Gilead shares rise on report of AstraZeneca’s interest in megamerger

Shares of Gilead Sciences Inc rose as much as 3% on Monday after a report said the U.S. drugmaker had been approached by Britain’s AstraZeneca for […]
June 8, 2020

British financier Staveley’s $2 billion Barclays lawsuit hits High Court

British buinesswoman Amanda Staveley’s private equity firm told London’s High Court on Monday it had received a “substantially worse” deal than Qatar when its syndicate invested […]
June 8, 2020

Exclusive: Volkswagen supervisory board to discuss VW brand leadership – sources

Volkswagen’s supervisory board will discuss the leadership of the company’s core VW brand at an extraordinary meeting due to be held on Monday, sources familiar with […]
June 8, 2020

Exclusive: Oil major BP to cut 15% of workforce

BP will cut about 15% of its workforce in response to the coronavirus crisis and as part of Chief Executive Bernard Looney’s plan to shift the […]
June 8, 2020

Austria’s Kurz to hold news conference on Austrian Airlines at 1500 GMT

Austrian Chancellor Sebastian Kurz, Vice Chancellor Werner Kogler and Finance Minister Gernot Bluemel will hold a news conference on Lufthansa unit Austrian Airlines at 5 p.m. […]
June 8, 2020

Exclusive: Fiat, PSA merger hits EU roadblock, may need concessions – sources

Fiat Chrysler’s planned $50 billion merger with Peugeot maker PSA has hit a bump after EU regulators voiced concerns about the companies’ market share in small […]
June 8, 2020

Exclusive: BP to cut 15% of workforce – sources

BP plans to cut about 15% of its workforce in response to the coronavirus crisis and as part of Chief Executive Bernard Looney’s plan to shift […]
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