India"s farmers gather record wheat crop, but cannot move it
Late last month, Sukrampal had to beg and borrow farmhands from nearby villages to gather his part of the country's largest-ever wheat harvest in Haryana state near New Delhi......»»
WeWork reports slower cash burn in first quarter: CFO email
The We Company, owner of W.....»»
The Dow snaps losing streak; NYSE to re-open
Stocks ended a volatile session firmly in the green and the iconic New York Stock Exchange announced it plans to reopen immediately after the Memorial Day holiday. Conway G. Gittens has the details......»»
WeWork reports improved free cash flow in first quarter: CFO"s email
The We Company, owner of WeWork, said its first-quarter free cash outflow grew 60% sequentially, according to an email the company's chief financial officer sent to employees on Thursday and reviewed by Reuters......»»
Nike warns of fourth-quarter hit from virus-related store closures
Nike Inc said on Thursday store closures across the globe will hurt its retail and wholesales businesses in the fourth quarter, even as it ramps up its e-commerce capabilities to address increased online orders amid the COVID-19 pandemic......»»
Walt Disney World and unions agree on safeguards for returning to work
Walt Disney C.....»»
Equities edge higher, bonds rise on hopes of stimulus
Global equity benchmarks gained late on Thursday, with safe-haven bonds also rising as investors shrugged off disappointing U.S. jobs data and took comfort in the possibility of states re-opening after lockdowns and fueling an economic recovery......»»
Nike warns of fourth-quarter impact in North America business
Nike Inc said on Thursday store closures in North America will hurt its retail and wholesales businesses in the fourth quarter......»»
GM self-driving unit Cruise cuts jobs as pandemic hits sector
General Motors Co's self-driving car unit Cruise told staff on Thursday it has decided to lay off workers, the latest start-up in the nascent industry to cut jobs during the coronavirus pandemic......»»
Wall Street closes with strong gains as recovery hopes offset pandemic fears
Wall Street surged on Thursday as investors weighed the prospect of economic recovery against bellicose remarks from President Donald Trump regarding U.S.-China trade and a whistleblower's dire warnings about the U.S. response to the coronavirus pandemic......»»
Second layoffs, backlogs wave keeps U.S. jobless claims elevated
The novel coronavirus crisis continues to .....»»
Trump says he doesn"t want to talk to Xi right now, could even cut China ties
U.S. President Donald Trump si.....»»
Market adopts cautious stance: strategist
National Securities' Art Hogan says investors have become cautious following a strong market rebound. He says the S&P 500 is currently a bit overvalued......»»
Seven weeks into coronavirus lockdowns, Fed has a new, darker message
One Thursday morning seven weeks ago, Federal Reserve Chair Jerome Powell made a rare appearance on NBC's "Today Show" to offer a reassuring message to Americans dealing with economic fallout from measures to contain the coronavirus outbreak......»»
Lufthansa restores routes, targets 1,800 weekly flights
Lufthansa plans to resume flights to destinations including Los Angeles, Toronto and Mumbai next month as it begins to restore some of the capacity grounded by the coronavirus crisis, the German airline group said on Thursday......»»
S&P gains as investors juggle pandemic fears with recovery prospects
The S&P edged higher on Thursday as investors wei.....»»
Uber, Grubhub deal talks fan fears over fees
The possibility that Uber Technologies could acquire Grubhub is reigniting some restaurants' worries over the commissions charged by the third-party delivery companies. Fred Katayama reports......»»
Delta wrestles with too many pilots, too many planes
Delta Air Lines expects to have 7,000 more pilots than it needs in the fall as the coronavirus pandemic weighs on its operations, according to a memo to flight operations employees seen by Reuters. Conway G. Gittens has the details......»»
France unveils 18 bln euro boost for tourism sector
With 95% of its hotels shut, France has unveiled an 18 billion euro boost for its tourism sector, including continued support for furloughed workers. Julian Satterthwaite reports......»»