May 4, 2020

France deals blow to Amazon as warehouses remain shut

France has rejected a request from e-commerce giant Amazon to tap a state-funded scheme to subsidise furloughed employees at its six closed warehouses in the country. […]
May 4, 2020

Massive U.S. stock bounce stokes doubts, provokes bears

Investors are treating the U.S. equity market’s blistering rally with a dose of caution, socking away cash, staying on the sidelines or buying insurance against a […]
May 4, 2020

J. Crew files for bankruptcy as preppy retailer succumbs to COVID-19 fallout

J. Crew Group Inc filed for bankruptcy protection on Monday with a plan to hand over control to lenders, adding to a list of brick-and-mortar retailers […]
May 4, 2020

S&P 500, Dow dip as Buffett dumps airlines, China tensions flare

The S&P 500 and Dow Jones indexes retreated on Monday following a U.S.-China spat about the origins of the coronavirus outbreak, while major carriers slumped after […]
May 4, 2020

GE Aviation to cut workforce by up to 13,000 jobs, or 25%

General Electric Co said on Monday it was planning to cut the global workforce of its aviation unit this year by as much as 25%, or […]
May 4, 2020

U.S. airline shares tumble as Buffett sell-off adds to worries

Shares of the top four U.S. airlines dropped on Monday after billionaire investor Warren Buffett said Berkshire Hathaway offloaded its entire stake in the carriers last […]
May 4, 2020

Coronavirus puts brakes on sports car maker Ferrari

Luxury sports car maker Ferrari cut its 2020 core profit forecast on Monday due to disruption caused by the coronavirus pandemic, which it said would mainly […]
May 4, 2020

France rejects Amazon’s request for unemployment schemes at six sites

The French government has rejected a request by Amazon to tap a state partial unemployment scheme for employees at its six warehouses in the country, a […]
May 4, 2020

Ferrari cuts FY guidance due to coronavirus, sees slight drop in core profit

Ferrari said on Monday it had cut its core profit estimates for the year to reflect the impact of the coronavirus crisis, expected to mainly affect […]
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