Visa sees recovery in U.S. payments volume in May
Visa Inc’s total U.S. payments volume fell at a much slower pace in May from the previous month, indicating that consumer spending was picking up as the government starts to ease coronavirus-induced lockdowns.
U.S. court refuses to shield Volkswagen in diesel scandal lawsuits
A U.S. appeals court ruled on Monday that Volkswagen AG cannot escape potential financial penalties from two counties in Florida and Utah that may amount to a “staggering” additional liability arising from the German automaker’s diesel emissions scand…
U.S. companies issue shares at fastest rate ever, selling the rally
U.S. public companies sold more than $60 billion in shares in May, the biggest monthly haul ever, as they capitalized on a stock market rally fueled by hopes that the COVID-19 pandemic is subsiding.
Wall Street closes higher as recovery signs soothe protest, pandemic worries
U.S. stocks posted gains on Monday as signs of U.S. economic recovery helped offset jitters over increasingly violent social unrest amid an ongoing pandemic and rising U.S.-China tensions.
China buys U.S. soybeans after halt to U.S. purchases ordered: sources
State-owned Chinese firms bought at least three cargoes of U.S. soybeans on Monday, even as sources in China said the government had told them to halt purchases after Washington said it would eliminate special treatment for Hong Kong to punish Beijing….
Volkswagen says ready to restart Mexico operations on June 15
The Mexican unit of Germany’s Volkswagen AG said on Monday the automaker was ready to restart operations in the states of Puebla and Guanajuato on June 15 after activity was idled in late March due to the coronavirus pandemic.
Nestle to appeal ban on ‘Incredible Burger’ branding in Europe
Nestle said on Monday it would appeal a Dutch court’s ruling that prohibits the Swiss food giant from selling its plant-based burgers in Europe under the “Incredible Burger” name after a challenge from U.S.-based Impossible Foods.
U.S. appeals court: Volkswagen may face ‘enormous’ diesel liability
A U.S. appeals court ruled Monday Volkswagen AG may face “enormous” additional liability in the “Dieselgate” scandal finding that two counties can enforce regulations against the German automaker for tampering with post-sale vehicles.
Marriott opens all hotels in China, sees steady U.S. recovery: CEO
Marriott International has reopened all its hotels in China and is seeing a steady recovery in the United States, its biggest market, Chief Executive Officer Arne Sorenson said on Monday.
Argentina flag carrier Aerolineas seeks to suspend workers’ contracts
Aerolineas Argentinas will begin negotiations with unions to suspend the contracts of thousands of employees until August after the flag carrier’s income plunged about 97% due to the coronavirus outbreak, it said on Monday.
