Harley plans to ship fewer models to U.S. dealers: WSJ
Harley-Davidson Inc is reopening its factories this week at lower production rates and sending dealers a narrower range of motorcycles, the Wall Street Journal reported on Wednesday.
Lowe’s sales surge as lockdowns spur home improvement spending
Lowe’s Cos Inc reported its biggest rise in quarterly same-store sales in at least 15 years on Wednesday, as people spent more on tools and paint for do-it-yourself projects and home repairs during the coronanvirus lockdowns.
Renault to re-open its Sandouville plant on Friday: union source
French carmaker Renault will re-open its Normandy-based Sandouville plant in northwestern France on Friday, a trade union source told Reuters on Wednesday.
Deutsche Bank chairman to stand down in 2022
Deutsche Bank’s chairman Paul Achleitner said he intends to step down when his term ends in 2022, heralding a new era at Germany’s largest lender as it struggles to become profitable.
Delta Air Lines adding flights in June, July: CEO
Delta Air Lines Inc is likely to increase capacity this summer by adding more flights in June and July, its chief executive officer told Fox Business Network in an interview on Wednesday.
Futures jump as investors hold out for recovery
U.S. stock index futures climbed on Wednesday as investors clung to hopes of a recovery from a looming coronavirus-fuelled recession amid signs of more central bank and government stimulus for ailing sectors.
Target profit sinks 64% as COVID-19 costs offset gains from sales surge
Target Corp reported a 64% plunge in quarterly profit on Wednesday, pummeled by costs to tackle the coronavirus outbreak, even as panic-buying during the crisis lifted the big-box retailer’s online and store sales.
Lowe’s beats sales estimates as lockdowns spur home improvement spending
Lowe’s Cos Inc beat quarterly estimates for same-store sales on Wednesday, as coronavirus lockdowns led people to spend more on tools and paint for home remodeling and repairs, sending shares of the home improvement chain up 8%.
Rationale for FCA-PSA merger deal ‘stronger than ever’: Elkann
The reasons for Fiat Chrysler and Peugeot-owner PSA’s merger are “stronger than ever,” the FCA chairman said on Wednesday, as the COVID-19 pandemic adds to the car industry’s existing challenges.
Deutsche Bank CEO says bank must be more profitable before consolidating
Deutsche Bank’s CEO said the bank needed to become more profitable before taking a leading role in European banking consolidation and dismissed concerns it would need state aid as it handles the fallout of the coronavirus outbreak.
