Used car dealer charged with price gouging New York City on 3M’s N95 masks
A New Jersey used car dealer was criminally charged on Tuesday with exploiting the coronavirus pandemic by trying to defraud and price gouge New York City into buying N95 respirator masks in a roughly $45 million scheme.
Timeline: From boom to bottom: Renault and Nissan bet on deeper cooperation
The Franco-Japanese automaking alliance of Renault SA , Nissan Motor Co and Mitsubishi Motors is banking on a new recovery plan, set to be announced later on Wednesday, to salvage profitability.
Italy’s RCS says it may win damages in dispute with Blackstone after ruling
Milan’s Arbitral Tribunal has judged that the contracts over the sale of Italy’s RCS headquarters to Blackstone Group Inc in 2013 were valid but found that the purchaser’s behaviour may entitle the Italian publisher to compensatory damages, RCS said …
Renault and Nissan rebuild their alliance to ride out the coronavirus storm
When Renault SA , Nissan Motor Co and Mitsubishi Motors Corp announced the last strategy plan for their Alliance in September 2017, the goal was to become the world’s biggest automaker by 2022.
U.S. lawmaker wants insurers, govt. to share future pandemic business losses
U.S. legislation introduced on Tuesday would create a taxpayer-backed insurance program to protect businesses from revenue losses during future pandemics and require insurers to pay a slice of the claims.
Google to start reopening offices, targets 30% capacity in September
Alphabet Inc’s Google said on Tuesday it would reopen buildings in more cities at roughly 10% of their capacity beginning July 6 and scale it up to 30% in September, if conditions permit.
NYSE reopens trading floor after two-month coronavirus closure
New York Governor Andrew Cuomo donned a face mask and rang the opening bell at the New York Stock Exchange on Tuesday, marking the partial reopening of the trading floor at 11 Wall Street, which had been shuttered since March 23 due to the coronavirus …
S&P 500 rises on economic recovery and vaccine hopes, pulls back from highs
U.S. stocks closed higher on Tuesday on optimism about the development of coronavirus vaccines and a revival of business activity, but the S&P 500 failed to hold above the key psychological level of 3,000 points.
U.S. lawmaker wants insurers and taxpayers to share payouts for future pandemic business losses
U.S. legislation introduced on Tuesday would create a taxpayer-backed insurance program to protect businesses from revenue losses during future pandemics and require insurers to pay a slice of the claims.
U.S. business borrowing for equipment falls about 7% in April: ELFA
U.S. companies’ borrowings for capital investments fell about 7% in April from a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Tuesday.
