Air France-KLM is moving towards a 10 billion euro ($10.9 billion) government-backed rescue deal, sources said, after France agreed to higher guarantees on loans designed to tide the airline group through the coronavirus crisis.
Netflix Inc said on Wednesday it plans to raise about $1 billion in debt, a day after the streaming pioneer doubled its own projections for new customers as stuck-at-home users binged on original shows.
A jump in the price of oil and the promise of more government stimulus to ease the economic pain inflicted by the coronavirus pandemic helped calm global equity markets Wednesday, prompting investors to edge out of perceived safe havens like U.S. Treasuries.
The coronavirus crisis could have a dramatic effect on enrollment at four-year colleges and universities, sending more students to less expensive community colleges for now.
Zoom Video Communications Inc said on Wednesday it was upgrading the encryption features on its video conferencing app to better safeguard meeting data and offer protection against tampering. The new version of the app, Zoom 5.0, will release within the week, the company said in a statement.
Chevron's assets in Venezuela have been mothballed and the company is not allowed to drill, transport or barter oil there as the Trump administration cracks down on money going to the government of socialist President Nicolas Maduro, a senior U.S. official said.
Apple Inc is planning to fix a flaw that a security firm said may have left more than half a billion iPhones vulnerable to hackers.
Investment firm Sycamore Partners is seeking to end its deal to buy a stake in L Brands Inc's lingerie brand Victoria's Secret, citing business decisions the retailer took during the coronavirus pandemic, a court filing on Wednesday showed, sending the company's shares down over 20%.
Oklahoma's energy regulator on Wednesday ruled in favor of an oil company's emergency application to classify some oil production as economic waste, enabling producers to maintain leases where production is halted due to low prices.
Brent crude oil rose 8.4% on Wednesday, as prospects for extra pledges from major producers to cut output prompted a sharp turn up off a session low that took the global benchmark below $16 a barrel to its lowest since 1999.
It may take European Union countries until the summer or even longer to agree on how exactly to finance aid to help economies recover from the coronavirus pandemic as major disagreements persist, a bloc official said on Wednesday.
The U.S. housing regulator on Wednesday announced its second step in as many days to help ease the liquidity strain in the mortgage market.
Mercedes-Benz is ramping up engine production at its plant in Bad Cannstatt, Stuttgart, this week after Germany eased lockdown measures in a sign Europe's largest economy is getting back to work after the coronavirus brought the country to a standstill.
Shares of American Eagle Outfitters Inc dropped 14% on Wednesday after the apparel retailer withdrew its full-year forecast and said current-quarter results would be significantly hit by coronavirus-related store closures.
IKEA, the world’s biggest furniture brand, opened three of its six stores in Israel on Wednesday after the government started to gradually ease its coronavirus lockdown.