Airbus Preparing For Thousands Of Job Cuts As Production, Demand Plunge
Airbus could lay off up to 20,000 workers
Monday’s Stock Market Open: US Equities Open Higher Despite Rising Covid-19 Infections
U.S. stocks rose on Monday although covid-19 cases keep climbing
Fracking Innovator Chesapeake Energy Files For Bankruptcy Protection
The company owed some $9 billion
Friday’s Stock Market Close: US Equities Drop As Covid-19 Cases Spike, Raising Risks To Economic Recovery, Yields Plunge
U.S. stocks tumbled on Friday although consumer spending jumped in May
German Company To Help Build Russia’s New Mega High Speed Trains
The new trains will move at speeds of at least 186 miles per hour
French Drugmaker Sanofi May Cut Hundreds Of Jobs To Cut Costs
Sanofi’s CEO Paul Hudson seeks to aggressively reduce expenses
Virgin Australia To Be Taken Over By US Private Equity Firm Bain Capital
The new Virgin Australia will have a smaller fleet and focus on domestic operations
Friday’s Stock Market Open: US Equities Fall As Fed Stress Tests May Impose Limits On Banks
U.S. stocks dropped on Friday although consumer spending jumped in May
Thursday’s Stock Market Close: US Equities Rise In Volatile Session, Powered By Surging Bank Stocks
U.S. stocks rose on Thursday although cases of covid-19 spiked in some states.
Saudi Arabia’s Largest Lender NCB To Acquire Smaller Rival Samba Financial
The combined bank will have total assets of some $210 billion
Wirecard’s Banks, Creditors Stand To Lose Billions As Payment Processor Collapses
Wirecard filed for insolvency on Thursday
Royal Mail To Slash 2,000 Management Jobs As Fewer People Write Letters
Frontline delivery staff were not yet affected by layoffs
Qantas To Cut At Least 6,000 Jobs, Embarks On Three-Year Cost Savings Plan
About 20% of the airline’s workforce will be cut
Thursday’s Stock Market Open: US Equities Fall On Rising Covid-19 Cases, Stubbornly High Initial Jobless Claims
U.S. stocks dropped on Thursday as cases of covid-19 spiked in some states.
Wall Street Stalwart Dun & Bradstreet Seeks To Raise $1.4 Billion In Initial Public Offering
Dun & Bradstreet went private in Feb. 2019
Wednesday’s Stock Market Close: US Equities Plunge On Spike In New Covid-19 Infections, Oil Drops
U.S. stocks dropped on Wednesday as IMF warned public finances will significantly deteriorate
India’s Hinduja Brothers Locked In Legal Battle Over Family’s $11 Billion Fortune
The Hinduja group owns scores of companies around the world.
Norway Plans To Expand Oil Exploration n Arctic
The Barents Sea area is largely unspoiled.
Highly Skilled Tech Workers Blocked By Trump’s Visa Restrictions Might Consider Europe Instead
European tech startups still lag behind the U.S.
Lufthansa Bailout Deal Might Be Impeded By One Very Unhappy, Powerful Stockholder
Thiele is one of the wealthiest people in Germany
Wednesday’s Stock Market Open: US Equities Fall As IMF Slashes Global GDP Forecast
U.S. stocks dropped on Wednesday as IMF warned public finances will significantly deteriorate
US May Hit $3.1 Billion Of European Imports With New Tariffs As Trade War Escalates
Price of beer and gin imports would double, and olives and trucks would cost more, too.
Tuesday’s Stock Market Close: US Equities Driven Higher By Tech Stocks, Nasdaq Sets Closing High
U.S. stocks climbed on Tuesday as Apple jumped more than 2%
How The Covid-19 Pandemic Has Devastated New York City’s Immigrant Communities
Nearly half of the city's immigrants are unemployed.
Nokia To Cut More Than 1,200 Jobs At French Alcatel Lucent Subsidiary
Nokia employs 5,138 people in France
SoftBank Group Begins Process Of Unloading T-Mobile Shares
SoftBank Group owns a 24.6% stake in T-Mobile
Mubadala, Abu Dhabi Sovereign Wealth Fund, Seeks To Make More Investments In Technology, Asia
Mubadala has some $232 billion in assets
Tuesday’s Stock Market Open: US Equities Rise After Trump, Navarro Assure China Trade Deal Intact
U.S. stocks climbed on Tuesday as euro zone economic data showed rebound
Former Wirecard CEO Arrested In Germany On Suspicion Of Massive Fraud
Markus Braun led Wirecard since 2002
Monday’s Stock Market Close: US Equities Rise On Strength In Tech Names, But Covid-19 Fears Linger
U.S. stocks climbed on Monday despite worries that a resurgence of the virus could hurt the economic recovery
