KLM to receive up to 4 billion euros in financial aid: finance minister
KLM, the Dutch subsidiary of Air France KLM , will receive 2-4 billion euros (up to $4.32 billion) in emergency aid to help it through the COVID-19 crisis, Dutch Finance Minister Wopke Hoekstra said on Friday.
Cash is king as U.S. quarterly reporting season gains steam
With the U.S. quarterly earnings season picking up steam this week, investors have caught a glimpse of how companies are weathering the coronavirus outbreak, including the strength of their balance sheets.
Lufthansa seeking 290 million euro loan for Belgian airline: media
German airline Lufthansa is seeking a loan of 290 million euros ($313.08 million) loan from the Belgian government to avoid the bankruptcy of its Belgian subsidiary Brussels Airlines, Belgian broadcaster LN24 said on Friday.
Wall Street Week Ahead: Spotlight falls on ‘dividend aristocrats’ after market tumult
Companies across a range of industries are slashing or suspending dividends to cope with the economic fallout from the coronavirus outbreak, complicating the stock selection process for money managers eager to buttress their portfolios with a steady st…
Coronavirus came to New York from Europe, not China, governor says
New York Governor Andrew Cuomo on Friday pointed to research showing that strains of the novel coronavirus entered his state from Europe, not China, and said that travel bans enacted by U.S. President Donald Trump were too late to halt its spread.
Tech titans Apple and Microsoft push Wall Street higher
Wall Street rose on Friday, led higher by Apple and Microsoft as investors finished a turbulent week of trading and some states prepared to relax coronavirus-related lockdowns.
Air France wins 7 billion euro state-backed loan package
Air France will receive a 7 billion euro ($7.6 billion) loan package backed by the French government to avert a cash crisis brought on by the coronavirus crisis, Finance Minister Bruno Le Maire announced on Friday.
NYSE eyes reopening trading floor, but timeline still unclear
The New York Stock Exchange plans to reopen its iconic trading floor, which is shuttered due to coronavirus concerns, as soon as possible, but it has not yet set a date to do so, the NYSE and people familiar with the matter said on Friday.
U.S. weighs taking stakes in U.S. energy companies, other options: Mnuchin
The Trump administration is considering taking stakes in U.S. energy companies as one possible option as it seeks to help the nation’s oil and gas sector amid the coronavirus outbreak, U.S. Treasury Secretary Steven Mnuchin said on Friday.
Oil heads for another weekly slide on coronavirus turmoil
Crude prices rose on Friday as energy producers continued to cut the number of rigs drilling for oil in the United States and Canada.
