May 27, 2020

Boeing cutting more than 12,000 U.S. jobs with thousands more planned

Boeing Co said Wednesday it was eliminating more than 12,000 U.S. jobs, including involuntary layoffs of 6,770 U.S. workers as the largest American planemaker restructures in […]
May 27, 2020

Tesla cuts prices by as much as 6% in North America to boost demand

Tesla Inc has cut prices of its electric vehicles by as much as 6% in North America following a decline in auto demand in the region […]
May 27, 2020

Tech selloff weighs on S&P 500, Nasdaq

A selloff in technology stocks dragged on the S&P 500 and Nasdaq on Wednesday, with investors also cautious about brewing U.S.-China tensions at a time when […]
May 27, 2020

Trump threatens to shutter social media companies after Twitter warning

U.S. President Donald Trump on Wednesday threatened to regulate or shut down social media companies, one day after Twitter Inc for the first time added a […]
May 27, 2020

Renault and Nissan rule out merger as they unveil survival plan

Renault , Nissan Motor Co and Mitsubishi Motors Corp ruled out a merger on Wednesday and doubled down on a plan to cooperate more closely on […]
May 27, 2020

Goldman Sachs on target to meet medium,long-term growth goals: executive

Goldman Sachs Group Inc President and Chief Operating Officer John Waldron said Wednesday that the bank remains on track to achieve its medium and long term […]
May 27, 2020

Hershey says mint, gum sales hit as lockdowns restrict social gatherings

Hershey Co said on Wednesday sales of gums and mints have taken a hit as social distancing protocols spurred by the COVID-19 pandemic discouraged people from […]
May 27, 2020

Lufthansa supervisory board postpones approval of bailout package

Lufthansa’s supervisory board postponed approval of a 9 billion euro ($9.90 billion) bailout in light of conditions imposed by the European Union, the German airline group […]
May 27, 2020

Germany’s Altmaier: Lufthansa bailout is in Europe’s own interests

German Economy Minister Peter Altmaier said on Wednesday he expected the European Commission to approve a 9-billion euro bailout of flagship carrier Lufthansa, adding that it […]
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