Kohl’s to reopen 25% of stores as states lift lockdown restrictions
Kohl’s Corp said on Thursday it plans to reopen a quarter of its stores by next week, as retailers start to get business going again in states where coronavirus-induced lockdown restrictions have eased.
PayPal, Square eye boost as crisis spurs online shopping shift
Wall Street analysts looked past a surprisingly shaky first quarter for payment processors PayPal Holdings Inc and Square Inc hoping that the shift towards more online buying will see their businesses surge this year.
Millions more Americans join the unemployment line
Millions more Americans sought unemployment benefits last week, suggesting layoffs broadened from consumer-facing industries to other segments of the economy and could remain elevated even as many parts of the country start to reopen.
JetBlue reports loss, revises Airbus orders to save $1 billion through 2022
JetBlue Airways Corp on Thursday posted a $268 million quarterly loss as the coronavirus pandemic hurt air travel demand, and revised its order book with Airbus SE to save $1.1 billion in aircraft spending through 2022.
GSK sells $3.4 billion Hindustan Unilever stake in largest India block trade
GlaxoSmithKline has sold its stake in Unilever’s Indian business for $3.4 billion, marking India’s largest block trade, which will help the British company in its goal of reinvigorating its drug development pipeline.
China trade data lifts futures ahead of jobless claims
U.S. stock index futures jumped on Thursday after a surprise rise in Chinese exports and a surge in oil prices spurred hopes of an economic recovery, even as investors braced for what is likely to be another gloomy weekly jobless claims report.
Apple awards $10 million to nasal swab maker COPAN Diagnostics to help boost factory output
Apple Inc said on Thursday that it was awarding $10 million to a maker of nasal swabs and other materials for collecting samples for Covid-19 tests in a move aimed at boosting the swab maker’s production to 1 million collection kits per week by early J…
U.S. and Europe spar over next stage of aircraft subsidy dispute
The United States said there was “no valid basis” for the European Union to retaliate against U.S. goods in a long-running subsidy row after Boeing lost state tax breaks, but the EU said it was pressing ahead with its demand for tariffs.
JetBlue Airways posts quarterly loss and revises Airbus order book
JetBlue Airways Corp on Thursday posted a $268 million quarterly loss due to the impact of the coronavirus pandemic on air travel and said it had revised its order book with Airbus SE to reduce its aircraft capital expenditures by $1.1 billion throug…
Air France job cuts to test CEO Smith’s consensual style
Air France-KLM is opening talks with its French unions on workforce cuts, Chief Executive Ben Smith told Reuters, as the airline group warned of mounting losses with no clear end in sight to the coronavirus crisis.
