Oil prices fell on Thursday after three sessions of gains as restrictions on travel worldwide crimped fuel demand, with U.S. crude futures plunging about 4% after the United States scrapped plans to buy domestic oil for its emergency reserve.
The German airline Condor has applied for an additional 200 million euros in state aid in the wake of the coronavirus outbreak, two people with knowledge of the matter said on Thursday.
While Gorman's move is sure to calm frayed nerves on Wall Street, the bank had just completed a reduction in force of about 2% last year.
The International Air Transport Association (IATA) on Thursday urged the world's major economies to act quickly to prevent irreversible damage to an airline industry that has seen demand crushed by the coronavirus crisis.
Morgan Stanley pledged to not cut any jobs this year, according to a memo seen by Reuters, as the Wall Street bank sought to reassure employees worried about their jobs during the coronavirus pandemic.
"We've been scaling back into stocks over the last two, three or four weeks," Morgan Stanley's Mike Wilson said.
Deutsche Bank said on Thursday it is preparing for the possible use of a government-run short-time work scheme for some of its staff in Germany to cope with the coronavirus crisis, a move that could face union resistance.
Yes Bank Ltd said on Thursday it was looking to raise up to 50 billion rupees ($665.88 million) in an effort to shore up its capital base after a government-led rescue of the private sector lender.
Nestle , the world's biggest food company, said it would pay full salaries to employees affected by work stoppages for a minimum of three months, to protect them from the fallout of the coronavirus pandemic.
U.S. drugstore operator CVS Health Corp said on Thursday its medical membership and payment collection have been hit due to the coronavirus pandemic, although it cannot reasonably estimate the impact on its businesses, cash flows or operating results.
Japan's Mitsubishi Corp could potentially invest in Renault as part of scenarios being discussed to reinforce an alliance between the French carmaker, Nissan and Mitsubishi Motors, two sources familiar with the matter said.
The ratio of companies with insider buying compared to insider selling is at 1.75 for March, its highest level since March of 2009, according to Washington Service.
Wall Street gained more ground on Thursday as the record weekly jobless claims came in below investors' worst fears, but added to the case for more stimulus to combat the economic impact of the coronavirus pandemic.
Americans should receive cash payments within three weeks to help offset the financial hardships of the coronavirus crisis, Treasury Secretary Steve Mnuchin said, adding that the record jobless claims announced on Thursday are not relevant.
WeWork told investors on Thursday the $4.4 billion in cash and cash commitments it had on hand at year-end 2019 is sufficient to execute its five-year plan, including managing the challenges posed by the recession-bearing coronavirus crisis.