U.S. stocks rose on Monday with the Nasdaq hitting a new intraday high after a surprisingly upbeat jobs report last week raised expectations of a swift recovery from a coronavirus-driven downturn.
Nestle SA is selling the North American business of its Buitoni pasta brand to private-equity firm Brynwood Partners, the Swiss food group said on Monday.
The Financial Brand | Jim Marous | Jun 8, 2020 The COVID-19 crisis, combined with the recent incidents involving racial injustice, result in a dual pandemic for minority neighborhoods across the country. Financial institutions must increase their resolve to support racial and gender equality, diversity and inclusion within their organizations and in their communities. While
They were shocked. They didn't expect to lose money. They're glad they started investing and here's what they learned.
Austria is granting Lufthansa's Austrian Airlines unit a 450 million euro ($508 million) bailout that will protect Vienna as a transit hub and safeguard "the bulk" of the flag carrier's 7,000 jobs, the government said on Monday.
U.S. stocks rose on Monday, with the Nasdaq hitting a record high for the second straight session, after a surprisingly upbeat jobs report last week raised bets of a swift recovery from a coronavirus-driven downturn.
The U.S. economy ended its longest expansion in history in February and entered recession as a result of the coronavirus pandemic, the private economics research group that acts as the arbiter for determining U.S. business cycles said on Monday.
Volkswagen said Stefan Sommer, group board member for procurement and components, will leave the company on June 30, 2020 as part of a broader management reshuffle.
A South Korean court on Tuesday denied an arrest warrant request for Samsung Group heir Jay Y. Lee after prosecutors accused him of accounting fraud and stock manipulation.
Volkswagen on Monday replaced Herbert Diess as chief executive of the VW brand and installed chief operating officer Ralf Brandstaetter to lead cost cutting efforts at the company's largest plants in Germany.
California-based power provider PG&E Corp said on Monday it plans to raise $5.75 billion from public offerings as it tries to emerge from Chapter 11 bankruptcy by the end of this month.
The Nasdaq Composite Index rose to a new high on Monday, and looks on track to confirm that it was the first of Wall Street's main indexes to enter a bull market two and a half months ago, after Wall Street's nosedive on worries about the novel coronavirus.
More relief is around the corner for small-business owners. Partial forgiveness is in play for people who used less than 60% of their Paycheck Protection Program loan to cover payroll expenses, according to the Treasury Department and Small Business Administration..
As companies try to regain their financial footing in the midst of continuing economic uncertainty, a retiring worker's decision to take their pension as a lump sum or lifetime payments could end up boiling down to this one factor.
Elanco Animal Health secured EU antitrust clearance on Monday to buy Bayer's veterinary drugs unit after pledging to sell some products to address competition concerns about the $7.6 billion deal.