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by Swissquote Analysts
Deutsche Lufthansa AG said that the German government has approved an aid package worth up to 9 billion euros ($9.81 billion) for the airline that will make Germany the company's largest shareholder. Germany's economic stabilization fund, or WSF, will build a 20% stake in the company through a...
26.05.2020
Hertz Global Holdings Inc. is preparing to file for bankruptcy after failing to reach a standstill agreement with top lenders, according to people familiar with the matter. The car-rental company is planning to seek chapter 11 protection in the coming days after government restrictions on travel...
25.05.2020
AstraZeneca's Covid-19 vaccine secured a huge funding commitment from the U.S. government, though the earliest doses appear to be committed to the U.K. The company says the program won't affect its earnings this year, as it has committed to taking no profit. Still, the stock jumped 3.7% in...
22.05.2020
Walmart Inc. is reaping the rewards of being one of few retailers positioned to successfully navigate a global pandemic, reporting a surge in quarterly sales as consumers turned to its giant stores to stock up on food and household goods. The country's largest retailer said U.S. comparable sales...
20.05.2020
Uber Technologies Inc. (UBER), which announced 3,700 job cuts less than two weeks ago, isn't done. The struggling ride-hailing service is cutting deeper to the bone with an additional 3,000 layoffs, according to a Wall Street Journal report, citing a memo from Uber Chief Executive Dara...
19.05.2020
Facebook Inc. is buying Giphy, a popular online platform where users can search for animated pictures. Facebook said the graphics interchange format, or GIF, platform will be part of the company's Instagram operations but didn't disclose the terms of the deal. Facebook -- which said its apps...
18.05.2020
As global auto markets reel from the economic fallout of the coronavirus pandemic, German luxury car maker BMW AG said Thursday that the recovery of demand in China provided some cause for hope, while Europe and the U.S. are still in decline. "There is at least a glimmer of hope coming from...
15.05.2020
Aston Martin Lagonda Global Holdings PLC said Wednesday that its pretax loss for the first quarter of 2020 widened as revenue fell, and that it is withdrawing its previous guidance due to the coronavirus pandemic. The London-listed luxury car maker--famed for its links to cinema spy James Bond-...
14.05.2020
Shares in Thyssenkrupp AG traded lower on Tuesday after it posted a wider net loss in its second quarter and warned of a hit from the coronavirus pandemic to the rest of its fiscal year. The German industrial conglomerate said earlier Tuesday that its second-quarter net loss widened to 948...
13.05.2020
Coty Inc. said private-equity firm KKR & Co. is investing $750 million in the company amid a drop in product demand due to the Covid-19 pandemic. KKR will buy a majority stake in Coty’s professional-beauty and retail-hair businesses that include Wella, Clairol, OPI and ghd brands that would...
12.05.2020
 
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