May 28, 2020

Europe cheers super-sized stimulus plan, U.S.-China tensions simmer

European shares rose for a fourth straight session on Thursday and the euro perched at a two-month high, as businesses returning to work and a 750 […]
May 28, 2020

U.S. firms shield CEO pay as pandemic hits workers, investors

Sonic Automotive Inc , which operates 95 U.S. car dealerships, started laying off and furloughing about a third of its workforce as the coronavirus pandemic crushed […]
May 28, 2020

Dollar Tree quarterly same-store sales rise 7%

Dollar Tree Inc reported a surge in quarterly same-store sales on Thursday, joining rival Dollar General , as the discount retailer benefited from consumers stockpiling on […]
May 28, 2020

Exclusive: UK retailer Debenhams cuts ‘hundreds’ of head office staff – sources

British department store group Debenhams has cut “hundreds” of head office jobs as it slims down its administrative functions to support a smaller business in the […]
May 28, 2020

S&P futures tread water as Sino-U.S. tensions weigh

Futures contracts for the S&P 500 were largely flat on Thursday as investors weighed hopes of an economic recovery against underlying tensions between the United States […]
May 28, 2020

U.S. states, cities may snub Fed lending program over high rates

High borrowing costs will limit participation in a $500 billion U.S. Federal Reserve short-term borrowing program set up to address state and city revenue shortfalls due […]
May 28, 2020

Alibaba extends its reach in China as coronavirus outbreak opens doors

Alibaba Group Holding Ltd is emerging as one of China’s biggest corporate winners of the coronavirus crisis, gaining the opportunity to expand its businesses and solidify […]
May 28, 2020

Huawei CFO Meng loses key court fight against extradition to United States

Huawei Technologies Co’s Chief Financial Officer Meng Wanzhou was dealt a setback by a Canadian court on Wednesday as she tries to avoid extradition to the […]
May 28, 2020

Spain says Nissan has decided to close its Barcelona plant

Japan’s Nissan Motor Co has decided to close its factory in Barcelona, resulting in the loss of about 3,000 jobs as part of a worldwide restructuring […]
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