Spain aims to convince Nissan to change mind on Barcelona plant, hopes Renault stays
Spain will do everything it can to get Nissan to reverse its decision to close its Barcelona plant, Foreign Minister Arancha Gonzalez Laya said on Thursday.
Southwest Airlines adds routes catering to business travelers
Southwest Airlines Co said on Thursday it was adding new routes with more frequencies and nonstop flights from Phoenix, Denver, Las Vegas and Nashville.
Stocks, euro rise on recovery hopes, U.S.-China tensions lift gold
Equity markets climbed on Thursday as more businesses returned to work and as a 750-billion-euro stimulus plan in Europe lifted regional stock indices and the euro, but gold rebounded on deteriorating U.S.-China relations.
Morgan Stanley not given advisory role on Aramco pipeline sale: sources
Morgan Stanley has not been given an advisory role on the potential sale of a stake in Saudi Aramco’s pipeline business, a deal worth over $10 billion, two sources told Reuters.
General Electric CEO warns of negative cash flow in 2020
General Electric Co on Thursday warned 2020 free cash flow would be negative as it struggles with weakness in its aviation and power units due to the coronavirus outbreak, sending its shares 3% lower.
Champagne sales sink in a world with little to celebrate
Global champagne sales are forecast to slump by a third, or 100 million bottles, this year as the coronavirus crisis shuts bars and restaurants worldwide and hammers economies.
China’s Geely Automobile launches share placement of up to $859 million
China’s Geely Automobile Holdings Ltd has launched an $836 million-$859 million placement of 600 million new shares, according to a term sheet seen by Reuters.
Nissan plans big cuts to go small after first loss in 11 years
Nissan Motor Co outlined a new plan on Thursday to become a smaller, more efficient carmaker after the coronavirus pandemic exacerbated a slide in profitability that culminated in its first annual loss in 11 years.
U.S. weekly jobless claims still elevated; core capital goods orders fall
The number of Americans filing for unemployment benefits held above 2 million last week for a 10th straight week amid job cuts by U.S. state and local governments whose budgets have been decimated fighting the COVID-19 pandemic and more second-wave lay…
Citigroup looks to reopen NY headquarters to some staff in July: Bloomberg News
Citigroup Inc looks to reopen its New York headquarters to a small number of employees as soon as July, with workers returning to London offices even earlier, Chief Executive Officer Michael Corbat told Bloomberg News in an interview.
