Goldman Sachs shareholders back executive pay packages
Goldman Sachs Group Inc said on Thursday that 71% of shareholders voted to approve the bank’s executive pay packages, according to preliminary tallies.
Comcast revenue misses forecast, shares drop 4% on warning
Comcast Corp on Thursday reported first-quarter revenue that fell shy of Wall Street’s estimate, and shares dropped more than 4% as the company warned that the coronavirus will hurt advertising, theme parks and films in the second quarter.
Nissan plans to restart output at UK’s biggest car factory in June
Nissan will restart phased production in early June at its northern English Sunderland factory, Britain’s biggest car plant, as the sector tries to resume operations amid the coronavirus outbreak.
Macy’s reopening 68 stores, targets all within six weeks as U.S. restrictions loosen
Macy’s Inc plans to reopen 68 U.S. stores on Monday in states that have loosened coronavirus lockdowns, the department store operator said on Thursday, as more retailers sought to get business going after a crushing month of closures.
S&P 500, Dow slip after grim jobless claims data
The S&P 500 and Dow Jones indexes dipped on Thursday as a grim U.S. jobless claims report took the shine off a strong month for stock markets globally, but encouraging quarterly earnings reports from Facebook and Tesla supported the Nasdaq.
Twitter gains users, beats estimates but ad trends alarm investors
Twitter Inc on Thursday reported higher first-quarter revenue and a smaller loss than analysts had expected amid the coronavirus pandemic, but its shares fell as investors fretted about potential weakness in the second quarter.
ConocoPhillips to sharply cut oil production as low prices hit earnings
ConocoPhillips said on Thursday it would sharply reduce oil output in coming weeks, aiming to shut 35% of its volume by June after weak energy prices led to a loss of $1.7 billion in the first quarter.
Oil prices set to cap off nightmare month with gains
Oil prices jumped for a second day on Thursday, lifted by signs the U.S. crude glut is not growing as quickly as expected and clawing back ground at the end of a month of tumbles wrought by coronavirus fears that caused futures to plumb two-decade lows…
McDonald’s profit misses estimates, shares drop 4%
McDonald’s Corp missed Wall Street estimates for quarterly profit on Thursday as some restaurants in Europe and elsewhere remained closed to curb the spread of the coronavirus pandemic.
Renault puts historic Boulogne property up for sale: sources
Renault PA> has put one of its historic buildings up for sale in Boulogne-Billancourt, the birthplace of the carmaker, to cut costs, three sources close to the company told Reuters.
