SoftBank Group Corp said on Friday its planned sale of 5% in its domestic telco SoftBank Corp would fetch 310.2 billion yen ($2.9 billion), as part of a programme to raise $41 billion through asset sales.
General Motors Co on Thursday was restarting the eight-speed transmission line at its plant in Silao in Mexico's Guanajuato state, according to a company message sent to workers.
EasyJet's board looks poised to win a shareholder vote on Friday and deal a blow to its founder and long-term critic over the British low-cost airline's plan to stick with a $5.5 billion plane order.
Hewlett Packard Enterprise on Thursday unveiled a plan targeting gross savings of at least $1 billion by 2022 and cut the base salaries of top executives by 25% as the software maker seeks to weather the coronavirus crisis.
General Motors Co said on Thursday it was gradually restarting the transmission and motor lines at its Mexican facilities in Silao and Ramos Arizpe, while U.S. auto parts maker Lear Corp also geared up for production.
U.S. stock indexes eyed a weaker open on Thursday as growing Sino-U.S. tensions and weak retail earnings added to worries about the pace of a recovery from a coronavirus-fueled economic slump.
The monthly tally of defaults in the U.S. leveraged loan market has hit a six-year high, data from Fitch Ratings showed, as companies are either missing payments or filing for bankruptcy because of the fallout from the coronavirus pandemic.
U.S. President Donald Trump travels to the political swing state of Michigan on Thursday to visit a Ford plant amid tension with the state's Democratic governor and differences over the speed at which the country is reopening from its COVID-19 shutdown.
Best Buy Co Inc's quarterly revenue and profit topped analysts' estimates on Thursday due to a surge in online sales of electronics needed for consumers to work from home.
Venture capital funding in general has dried up as investors have become skittish in placing new bets, particularly for early-stage companies.
Millions more Americans filed for unemployment benefits last week as backlogs in processing claims continue to be cleared and disruptions from the novel coronavirus unleash a second wave of layoffs, pointing to another month of staggering job losses in May.
Unemployment payments jumped to at least $16.2 billion in April, up more than five-fold from February, as layoffs attributed to the coronavirus pandemic swept through the economy.
BlackRock Inc said all of its 16 director nominees received strong investor support at its annual meeting on Thursday, at which Chief Executive Laurence Fink defended the size of the company's large board.
Morgan Stanley's Chief Executive Officer James Gorman told shareholders at its annual meeting on Thursday that it is too early for him or the board of directors to consider reinstating bank's share buy back program.
Michigan Governor Gretchen Whitmer said on Thursday she signed a series of executive orders re-opening sectors of the economy across the state, including allowing retail and auto showrooms to resume operations by appointment.