Deere & Co on Friday forecast a sharp fall in full-year profit as farmers and ranchers struggle to bring their goods to market because of coronavirus-led restrictions, crushing demand for equipment like harvestors and tractors.
EasyJet on Friday said all four resolutions put forth by its founder Stelios Haji-Ioannou to oust key management were rejected by its shareholders, with nearly 60% of votes cast against his proposals at a general meeting.
Investors are diversifying bets in the healthcare sector, as the rush to develop treatments for Covid-19 has driven up prices for some pharmaceutical stocks.
China's Alibaba Group Holding Ltd reported better-than-expected quarterly revenue and profit on Friday, as the COVID-19 lockdowns drove more people to shop online for essentials.
With Facebook's adoption of permanent remote work on Thursday, Chief Executive Mark Zuckerberg has untethered one of Silicon Valley's biggest companies from the place that incubated it.
EasyJet said founder Stelios Haji-Ioannou had failed in his attempt to oust key management including the CEO, according to the initial results of a shareholder vote brought over the airline's plan to buy new Airbus planes.
Europe's car industry was put on alert for more job losses on Friday as a French minister warned Renault could disappear if it didn't get help soon and a Japanese news report said partner Nissan was considering 20,000 layoffs, with many in Europe.
Talks over a 9-billion euro German government bailout of Lufthansa have hit a snag and will continue over the weekend, a German newspaper reported on Friday.
From easier credit card payment terms to personal loans, there's a host of financial relief many unemployed Americans may not be accessing.
EasyJet founder Stelios Haji-Ioannou failed in his attempt to oust the airline's top three bosses on Friday, giving it a brief respite in its battle for survival during the coronavirus pandemic.
The beaten-down banking sector will remain under pressure through 2025 even as the economy recovers, the International Monetary Fund said Friday.
Oil fell 5% on Friday to around $34 a barrel as tensions rose between the United States and China, and doubts grew about the pace of demand recovery from the coronavirus crisis.
Plaid blog | Niko Karvounis & Jesse Dhillon | May 20, 2020 The financial ecosystem is undergoing an unprecedented digital transformation due to new realities brought on by COVID-19. Consumers and businesses have turned to fintech to manage their finances in record numbers. Digital transformation that was expected to take years is now predicted to
U.S. stocks opened flat on Friday as investors pitted hopes of more stimulus to revive an ailing economy against deteriorating U.S.-China relations over Beijing's move to impose a national-security law in Hong Kong.
(This May 19 story officially corrects paragraph 3 to say net loss of "$3.52" per share and not "$3.50" after company adjusts the number while preparing its quarterly filing.)