FILE PHOTO: A woman using a mobile phone walks past the logo of SoftBank Corp in Tokyo, Japan December 18, 2014. REUTERS/Toru Hanai/File Photo TOKYO (Reuters) – SoftBank Group Corp said on Friday its planned sale of 5% in its domestic telco SoftBank Corp would fetch 310.2 billion yen ($2.9 billion), as part of a
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A T.J. Maxx store which is owned by TJX Cos Inc in Pasadena, California U.S., May 15, 2017. REUTERS/Mario Anzuoni (Reuters) – TJX Cos Inc’s (TJX.N) first-quarter sales more than halved on Thursday, as the off-price retailer’s stores and online operations remained shut for most of the quarter due to coronavirus-led lockdowns. For the three
FILE PHOTO: A logo of German airlines Lufthansa is pictured next to a no-entry sign at Frankfurt Airport, Germany, March 12, 2020. REUTERS/Ralph Orlowski BERLIN (Reuters) – Airline Lufthansa (LHAG.DE) said on Thursday it is in advanced talks with the German government’s economic stabilisation fund over a rescue deal worth up to 9 billion euros
FILE PHOTO: Delta Air Lines passenger planes are seen parked due to flight reductions made to slow the spread of coronavirus disease (COVID-19), at Birmingham-Shuttlesworth International Airport in Birmingham, Alabama, U.S. March 25, 2020. REUTERS/Elijah Nouvelage/File Photo WASHINGTON (Reuters) – Delta Air Lines Inc (DAL.N) is likely to increase capacity this summer by adding flights
WASHINGTON (Reuters) – Asia stocks are likely to come under pressure on Wednesday, tracking declines on Wall Street while gold prices were buoyed by safe-haven demand as economic indicators pointed to more signs of recession. FILE PHOTO: A passerby wearing a protective face mask, following an outbreak of the coronavirus, walks past an electronic board
SYDNEY/BEIJING/HELSINKI (Reuters) – In Thailand, you cannot have food or water in flight and must wear a mask. In Malaysia and Indonesia, the plane needs to be half-empty. In the United States and Europe, it’s not mandatory for airlines to leave the middle seat open. FILE PHOTO: Rows of empty seats of an American Airline
(Reuters) – Moderna Inc’s (MRNA.O) experimental COVID-19 vaccine, the first to be tested in the United States, produced protective antibodies in a small group of healthy volunteers, according to very early data released by the biotech company on Monday. The data comes from eight people who took part in a 45-subject safety trial that kicked
TOKYO (Reuters) – Softbank Group will raise 1.25 trillion yen ($11.7 billion) using Alibaba stock to fund buybacks of its own shares, Chief Executive Masayoshi Son said on Monday. The SoftBank CEO made the comment at an earnings briefing after his company slid to a 1.4 trillion yen loss in the just-ended fiscal year, hit
FILE PHOTO: A general view shows the GM pickup and transmission plant in Silao, Mexico October 9, 2015. REUTERS/Sergio Maldonado/File Photo MEXICO CITY (Reuters) – General Motors Co is tentatively planning to restart operations at its auto assembly plant in the Mexican city of Silao on May 20, according to a message to workers seen
A woman waits in front of a closed and shuttered storefront amid the coronavirus disease (COVID-19) outbreak in Lynn, Massachusetts, U.S., May 4, 2020. REUTERS/Brian Snyder (Reuters) – The United States is expected to revise its aid program for small businesses to cope with the economic fallout of the coronavirus outbreak, the Wall Street Journal
(Reuters) – J.C. Penney Co Inc (JCP.N) said on Saturday a U.S. Bankruptcy Court will allow it to keep paying wages and benefits to workers who will remain on the job after the U.S. department store chain filed for Chapter 11 protection from creditors, and also to pay vendors for goods delivered to its stores.
DUBAI/BENGALURU (Reuters) – Saudi Arabia’s sovereign wealth fund has bought minority stakes in major American companies including Boeing (BA.N), Facebook (FB.O) and Citigroup (C.N), a regulatory filing showed, giving it a portfolio of nearly $10 billion in U.S.-listed stocks. FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference
NEW YORK (Reuters) – Wall Street’s three major indexes closed higher after swinging between gains and losses on Friday as investors weighed worries about Sino-U.S. trade relations and weaker-than-expected U.S. economic data against growing optimism that easing coronavirus restrictions would boost activity this month. Economic data painted a grim picture on Friday as U.S. retail
TOKYO (Reuters) – Nissan Motor Co (7201.T) expects equal contributions to global car sales from China, the United States and elsewhere in coming years as the struggling Japanese carmaker strategises to recover profitability, two people with knowledge of the issue said. FILE PHOTO: A Nissan logo is pictured at Brussels Motor Show, Belgium, January 9,
FILE PHOTO: An empty Wework office is seen after California issued a stay-at-home order as the spread of the coronavirus disease (COVID-19) continues, in Los Angeles, California, U.S., April 3, 2020. REUTERS/Lucy Nicholson (Reuters) – The We Company, owner of WeWork, said on Thursday that for the first time quarterly revenue surpassed $1 billion and
FILE PHOTO: The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, U.S., April 26, 2020. REUTERS/Jeenah Moon (Reuters) – U.S. stock index futures edged lower on Thursday following two sessions of sharp declines, as investors worried that