Tag: Corporate Events

Exclusive: China-owned Playtika hires banks for $1 billion U.S. IPO – sources

(Reuters) – Playtika Ltd, a mobile gaming company owned by a Chinese investor group, has hired investment banks to prepare for a U.S. initial public...

Germany stamps authority on Lufthansa with $9.8 billion lifeline

FRANKFURT/BERLIN (Reuters) – Germany threw Lufthansa (LHAG.DE) a 9 billion euro ($9.8 billion) lifeline on Monday, agreeing a bailout which gives Berlin a veto in...

Lufthansa, German government agree on $9.8 billion rescue package: sources

FRANKFURT/BERLIN (Reuters) – The German government and the management of flagship carrier Lufthansa (LHAG.DE), which has been hit hard by the coronavirus pandemic, have reached...

Most publicly listed companies keep U.S. small-business aid loans

Treasury Secretary Steven Mnuchin speaks as U.S. President Donald Trump and White House senior adviser Ivanka Trump listen during an East Room event highlighting Paycheck...

Dozens of Chinese companies added to U.S. blacklist in latest Beijing rebuke

WASHINGTON (Reuters) – The United States said on Friday it would add 33 Chinese firms and institutions to an economic blacklist for helping Beijing spy...

U.S. agencies ask FCC to rescind Ligado spectrum decision

FILE PHOTO: The Federal Communications Commission (FCC) logo is seen in Washington February 26, 2015. REUTERS/Yuri Gripas/File Photo WASHINGTON (Reuters) – A group of U.S....

U.S. adding 33 Chinese companies, institutions to economic blacklist

WASHINGTON (Reuters) – The United States said on Friday it would add 33 Chinese firms and institutions to an economic blacklist for helping Beijing spy...

Exclusive: Delta will add flights to keep planes no more than 60% full as demand rises – sources

(Reuters) – Delta Air Lines Inc (DAL.N) will keep planes no more than 60% full through at least July, adding more flights to its schedule...

J.C. Penney has need for speed in bankruptcy, lawyer says

(Reuters) – J.C. Penney Co Inc (JCP.N) needs to exit bankruptcy proceedings in just a matter of months to survive the unprecedented financial strain of...

32 U.S. senators urge FCC to reconsider Ligado spectrum order

WASHINGTON (Reuters) – A bipartisan group of 32 U.S. senators on Friday urged the Federal Communications Commission to reconsider a decision to allow Ligado Networks...

Tesla’s Musk says ready for arrest as he reopens California plant against local order

(Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk on Monday said production was resuming at the automaker’s sole U.S. vehicle factory, in California, defying...

Tesla tells California employees to return to work in defiance of county orders

(Reuters) – Tesla Inc (TSLA.O) on Monday told employees at its California vehicle factory to return to work, a few days after local officials said...

Marriott profit misses as bookings, revenue per room plunge

(Reuters) – U.S. hotel operator Marriott (MAR.O) missed already lowered estimates for first-quarter profit by a huge margin on Monday, as bookings plunged due to...

Tesla sues California county in virus factory closure fight, threatens to leave

(Reuters) – Tesla Inc (TSLA.O) sued local authorities in California on Saturday as the electric carmaker pushed to re-open its factory there and Chief Executive...

Amid lockdown dispute, Musk says he will move Tesla out of California

(Reuters) – Tesla Inc’s (TSLA.O) chief executive Elon Musk tweeted on Saturday that Tesla will move its headquarters and future programs to Texas or Nevada...

J. Crew files for bankruptcy as preppy retailer succumbs to COVID-19 fallout

(Reuters) – J. Crew Group Inc filed for bankruptcy protection on Monday with a plan to hand over control to lenders, adding to a list...

Pandemic slams Asia’s factories, activity hits financial-crisis lows

SYDNEY (Reuters) – Asia’s factory activity was ravaged in April, business surveys showed on Monday, and the outlook dimmed further as government restrictions on movement...

Roche wins U.S. nod for COVID-19 antibody test, aims to boost output

(Reuters) – Roche (ROG.S) has won emergency approval from the U.S. Food and Drug Administration (FDA) for an antibody test to determine whether people have...

Roche gets U.S. FDA emergency use nod for COVID-19 antibody test

(Reuters) – Roche Holding AG received emergency use approval from the U.S. Food and Drug Administration (FDA) for an antibody test to help determine if...

U.S. payroll protection program: What has changed in round two?

WASHINGTON (Reuters) – The Small Business Administration on Monday began allowing lenders to process $310 billion in funds for the second round of its program...

Germany flips to Apple-Google approach on smartphone contact tracing

BERLIN (Reuters) – Germany changed course on Sunday over which type of smartphone technology it wanted to use to trace coronavirus infections, backing an approach...

Germany flips on smartphone contact tracing, backs Apple and Google

BERLIN (Reuters) – Germany changed course on Sunday over which type of smartphone technology it wanted to use to trace coronavirus infections, backing an approach...

Virgin Atlantic says still talking with UK government on coronavirus funds

(Reuters) – Virgin Atlantic is still talking with the British government about a bailout package to cope with the devastating effects of the coronavirus outbreak...

France, Germany in standoff with Silicon Valley on contact tracing

PARIS/BERLIN (Reuters) – A standoff between the two largest nations in the European Union and Silicon Valley escalated on Friday as Apple and Google rebuffed...

More U.S. companies return payroll loans after new Treasury guidance

WASHINGTON/BOSTON (Reuters) – U.S. companies on Thursday began refusing government loans they were just awarded, after the Treasury Department said that publicly traded firms would...