Business
U.S. Airlines Await New Shot At Federal Aid As Pelosi, Mnuchin Talk
U.S. airlines were again holding out hope for another $25 billion in payroll aid after House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin discussed the possibility of standalone legislation for the struggling sector on Wednesday.
Levi Strauss, United Rise; DraftKings, NanoString Fall
Stocks that moved heavily or traded substantially Wednesday:
Stocks Open Higher After Trump Signals Openness To Virus Aid
Stocks are opening broadly higher on Wall Street Wednesday after President Donald Trump said he could be willing to sign off on specific aid measures for airlines and small businesses as well as another round of relief checks. The S&P 500 rose 1.2% in the...
Wall Street Ends Lower After Trump Calls Off Coronavirus Relief Talks
U.S. stocks fell sharply on Tuesday to close lower after President Donald Trump said he was calling off negotiations with Democratic lawmakers on coronavirus relief legislation until after the election.
Regulators May Take Action Against GE Over Faulty Accounting
Federal regulators may take action against General Electric for possible violations of securities laws, the company said Tuesday, signaling a new phase in ongoing federal investigations into the company's accounting practices.
IKEA Eyes Return To Growth This Year After Sales Shrank 4% In 2019/20
Retail sales at IKEA, the world's biggest furniture group, shrank 4% in the year to the end of August as demand recovered quickly from a slump caused by COVID19, brand owner and franchisor Inter IKEA said on Tuesday.
Asian Stocks At Two-week High As Trump Leaves Hospital
Asian stock markets advanced to a more than twoweek high on Tuesday after U.S. President Donald Trump was discharged from hospital following treatment for COVID19, and as prospects for a fresh U.S. stimulus package appeared to brighten.
Greece's Economy To Shrink By Estimated 8.2% This Year
Greeces economy will contract by an estimated 8.2% this year due to the effects of the coronavirus pandemic before picking up next year, the government said Monday as it submitted its 2021 draft budget to parliament.
India and South Africa Urge WTO to Waive Rules to Make Drug Production Easier Amid Covid-19
In their letter dated Oct. 2 the two countries called on the global trade body to waive parts of the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS), which governs patents, trademarks, copyright and other intellectual property r...
AP Explains: 5 Key Takeaways From The September Jobs Report
Just how resilient is the U.S. economys recovery from the coronavirus recession? The weakening of the nation's jobgenerating machine in September for a third straight month reinforced doubts.
Finnish Watchdog Finds Nokia 2019 Profit Warning Complied With Rules
An investigation by Finland's Financial Supervisory Authority has concluded that telecoms equipment maker Nokia's unexpected profit warning in October 2019 was in line with stock exchange rules on inside information, it said on Friday.
Oil Extends Losses After Trump Tests Positive For COVID-19
Oil prices extended losses to about 3% on Friday after U.S. President Donald Trump said he has tested positive for COVID19, while agreement on a U.S. stimulus package eluded negotiators amid ongoing worries about demand.
Tokyo Stock Exchange Wraps Up Busy Session After Recovering From Outage Debacle
The Tokyo Stock Exchange closed out a volatile session capped by news of U.S. President Donald Trump testing positive for the new coronavirus on Friday, a day after its worstever outage paralysed the world's thirdlargest equity market.
Decks Cleared For 850 MW Ratle Hydroelectric Project In JK
The Public Investment Board (PIB) has recommended that the 850-MW Ratle hydroelectric power project be developed through a joint venture company of the JK Power Development Corporation and the National Hydroelectric Power Corporation, an official spokespe...
H&M Profit Tops Forecast As Recovery Gathers Strength
H&M, the world's secondbiggest fashion retailer, said on Thursday sales continued to recover in September as it reported a fiscal thirdquarter profit that was slightly higher than a preliminary reading and analyst expectations.
Top U.S. Airlines Starting 32,000 Furloughs As Bailout Hopes Fade
American Airlines and United Airlines, two of the largest U.S. carriers, said they were beginning furloughs of over 32,000 workers on Thursday as hopes faded for a lastminute bailout from Washington.