Eli Lilly and Co raised the top-end of its 2020 profit forecast on Thursday and reported better-than-expected quarterly results, as customers stocking up medicines such as diabetes drug Trulicity during the coronavirus pandemic boosted sales.
Ryanair must indicate the full price of the ticket when it displays offers on its website, the European Union's top court said on Thursday, although the low cost carrier said it was already doing so.
Gap Inc warned on Thursday it may not survive the next 12 months intact and would need to borrow more funds in the face of widespread coronavirus shutdowns that have crippled the business of clothing retailers globally.
Sales of new U.S. single-family homes dropped by the most in more than 6-1/2 years in March and further declines are likely as the novel coronavirus outbreak batters the economy and throws millions of Americans out of work.
The chair of the House Judiciary Committee's antitrust panel on Thursday called for a moratorium on mergers in the next coronavirus stimulus package and a ban on deals that are not directly related to companies about to fail.
Asian shares and U.S. stock futures fell on Friday, spurred by doubts about progress in the development of drugs to treat COVID-19 and new evidence of U.S. economic damage caused by the coronavirus pandemic.
Wall Street gained on Thursday as jobless claims declined for the third straight week, raising hopes the worst of the coronavirus pandemic's impact on the labor market might be over, but a crash in business activity dulled sentiment.
Target Corp said on Thursday rising costs from trying to meet the fast-changing needs of consumers during the coronavirus crisis were set to hurt its first-quarter profit and margins, even as it recorded robust online sales during March and April.
Martin Bouygues, the boss of family-run French conglomerate Bouygues , said on Thursday that he and his brother Olivier will cut their total compensation by 25% in 2020 in the context of the current COVID-19 pandemic.
Hundreds of members of the U.S. House of Representatives gathered in Washington on Thursday to pass a $484 billion coronavirus relief bill, bringing the unprecedented total of funds approved for the crisis to nearly $3 trillion.
The combined wealth of America's billionaires, including Amazon.com Inc founder Jeff Bezos and Tesla Inc chief Elon Musk, increased nearly 10% during the ongoing COVID-19 pandemic, according to a report published by the Institute for Policy Studies (IPS).
The coronavirus bill the House is considering would replenish a small business loan program, send aid to hospitals and fund a testing expansion.
Hundreds of members of the U.S. House of Representatives will gather in Washington on Thursday to pass a $484 billion coronavirus relief bill, bringing the unprecedented total of funds approved for the crisis to nearly $3 trillion.
U.S. air fares are approaching a 40% decline and still falling while ticket pricing in Europe and Asia is bottoming out, according to data (https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fskytra.airbus.com%2Fpresses%2Fcovid-19-impact-on-global-air-travel-23-april&data=02%7C01%7Claurence.frost%40thomsonreuters.com%7C055642bce03940d42daa08d7e7506926%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C637232205851692896&sdata=4pmLAkgTrbI3eIrGBJs3MLzdd02jRr%2B1OGrap3AfKM
The historic plunge in oil prices earlier this week has left some major exporters of the commodity scrambling to shore up their economies.