Liberty and Telefonica agree $38 billion UK tie-up to take on BT
Liberty Global and Telefonica have agreed to merge their British businesses in a $38 billion deal that will create a powerhouse in mobile and broadband to take on market leader BT .
Wall St jumps as PayPal outlook, China data fuel recovery hopes
U.S. stocks jumped on Thursday as an upbeat outlook from PayPal and a surprise rise in Chinese exports raised hopes of a faster economic recovery from what is expected to be a deep coronavirus-led recession.
Wall Street bullish on Lyft, Uber on lower driver costs, recovery signs
Wall Street gave a resounding vote of confidence to ride-hailing stocks ahead of Uber’s results on Thursday, after Lyft indicated a recovery in demand and lower costs as rising unemployment creates more supply of drivers than jobs in the market.
Luxury retailer Neiman Marcus files for bankruptcy amid COVID-19 pandemic
Neiman Marcus Group filed for bankruptcy protection on Thursday, marking one of the highest-profile collapses yet among retailers forced to temporarily close stores in response to the COVID-19 pandemic.
Stocks climb, shaking off U.S. jobs data, thanks to China trade relief
World shares rose on Thursday after Chinese exports proved far stronger than expected, suggesting a recovery was under way, but the dollar fell from two-week highs as another report showed millions of more Americans were unemployed.
JetBlue posts quarterly loss, scales back Airbus orders
JetBlue Airways Corp on Thursday posted a $268 million quarterly loss as the coronavirus pandemic hurt air travel demand, and cut its order book with Airbus SE by about 34% through 2022 to save $1.1 billion in aircraft spending.
‘The government is failing us’: Laid-off Americans struggle in coronavirus crisis
(This May 7 story changes monthly to weekly in paragraph 35)
Harley appoints turnaround specialist Jochen Zeitz to revive sales
Harley-Davidson Inc on Thursday appointed board member and turnaround specialist Jochen Zeitz to the role of chief executive officer, as the struggling motorcycle maker looks to tap into his expertise to woo customers and revive sales.
Nintendo smashes Switch sales view; says Animal Crossing is device’s fastest-selling game
Japan’s Nintendo Co Ltd said on Thursday its fourth-quarter profit soared 200% due to surging demand for its Switch games console, and that title Animal Crossing: New Horizons shifted a record 13.4 million units in its first six weeks.
After the triumph of Animal Crossing, a thin pipeline for Nintendo
The runaway success of Nintendo Co Ltd’s island life simulator Animal Crossing: New Horizons has overshadowed an uncomfortable fact for fans of the Switch console – it lacks upcoming titles.
