Exclusive: Marriott says Trump administration orders it to cease Cuba hotel business
The Trump administration has ordered Marriott International to wind down hotel operations in Communist-run Cuba, a company spokeswoman told Reuters, extinguishing what had been a symbol of the U.S.-Cuban detente.
PG&E preparing debt financing to exit bankruptcy: CNBC
San Francisco-based utility PG&E Corp is preparing debt financing to exit bankruptcy, CNBC said on Friday citing a report.
United Airlines closing three of four international bases for flight crew
United Airlines Holdings Inc is closing three out of four international bases for flight attendants, according to an internal memo seen by Reuters, saying it is not able to sustain the bases in the current environment.
German prosecutors probe Wirecard management board
Munich prosecutors on Friday said they had searched Wirecard’s headquarters and opened proceedings against the payment company’s entire management board as part of a market manipulation probe initiated by Germany’s financial regulator BaFin.
Nasdaq hits record high as U.S. economy shows signs of rebound
The Nasdaq Composite on Friday became the first of the three major U.S. stock indexes to bounce back to a record high, recovering from a stunning coronavirus-led slump on growing hopes of a swift economic rebound.
Airbus jetliner deliveries recover some ground in May
Airbus deliveries partially recovered ground in May compared with the previous month, but remained well below normal levels after falling dramatically due to the coronavirus crisis, company data showed on Friday.
Wall Street jumps, Nasdaq set for record closing high after surprise jobs report
Wall Street surged on Friday, and the Nasdaq was on course to set a new record closing high after the May jobs provided an astounding upside surprise and the clearest evidence yet that the U.S. economy is bouncing back sooner than expected from pandemi…
Bonds falter as blazing stock rally lures investors
Improving U.S. economic data is pushing investors out of U.S. government bonds at the fastest pace in months, the latest sign that risk appetite is returning to broader markets.
Chevron oil cargo tangled in U.S. sanctions on Venezuela
A Chevron Corp crude oil cargo has become embroiled in U.S. sanctions on shipping companies for violating restrictions on doing business with Venezuela, the company confirmed on Friday.
Explainer: May’s jobs report stunner: real deal or head fake?
The U.S. economy unexpectedly added jobs in May, surprising economists and analysts who had forecast millions more losing their livelihoods, and raising hopes of a faster economic recovery than expected.
