Lufthansa in Advanced Talks on Bailout Deal
Lufthansa confirmed it's in advanced talks with the German government's economic stabilization fund for up to EUR9 billion of state aid, as the airline tries to shore up its finances.
Impairments Sink Generali Profit
Generali vowed to slash costs to mitigate the impact of the coronavirus pandemic, which is expected to hit its bottom line this year after impairments related to the virus led to first-quarter profit falling almost 85%.
Whitbread in Cash Call to Combat Coronavirus Crisis
Whitbread said it plans to raise GBP1.01 billion through a rights issue as it looks to strengthen its balance sheet and provide further liquidity during the coronavirus pandemic, following a drop in underlying earnings.
AT&T Told to Stop Using '5G Evolution' in Marketing
AT&T will stop using the slogans "5G Evolution" and "5G Evolution, The First Step to 5G" in its marketing after losing an appeal with a self-regulatory group, but suggested that it will continue to display "5GE" icons on customers' phones.
Macy's Names Interim CFO as Retailer Navigates Coronavirus Pandemic
New York-based Macy's said Wednesday it has appointed its controller and enterprise risk officer Felicia Williams to the role of interim chief financial officer, effective June 1.
Canada Goose Cutting About 125 Jobs
Canada Goose has laid off about 125 workers, as the coronavirus pandemic saps demand for the company's luxury fur-trimmed jackets.
Apple, Google Unveil Technology for Covid-19 Exposure Alerts
The technology can help governments track the spread of the coronavirus through apps that notify mobile-device users if they have been exposed to someone who tested positive.
Walmart's U.S. Boss Expects Shopping to Change Permanently
John Furner spoke with The Wall Street Journal about about speeding the retail giant's shift to e-commerce during the coronavirus pandemic and keeping store workers safe.
Ford's Chicago Plant Stops Production for Second Straight Day
Ford stopped assembly lines at its Chicago plant for the second straight day, an early indication of the challenges the auto industry faces as production resumes after a two-month shutdown.
Fonterra Sees Lower Global Prices for Milk
Dairy exporter Fonterra forecast lower payments to New Zealand farmers for the next production season as a global recession is expected to reduce demand for milk.
