NEW YORK: Wall Street stocks rose on Thursday (Apr 9) after the Federal Reserve unveiled massive new stimulus that offset news of another huge spike in jobless claims. The Dow Jones Industrial Average finished up 285.80 points (1.22 per cent) at 23,719.37. The broad-based S&P 500 advanced 39.84 ...
BlackRock Inc , the world's largest asset manager, cut total compensation for Chairman and Chief Executive Officer Larry Fink by 8.4per cent in 2019, a second straight year of decline, according to a filing on Thursday.
General Motors Co plans to keep its Brazilian factories shut down for at least 60 more days, the company said on Thursday, as the final batch of unionized workers voted on the automaker's proposal.
Facebook Inc sued a Bangkok-based Indian man on Thursday for developing and marketing a software to bypass the social network's advertising review process and deliver prohibited ads to users.
Volkswagen AG said it will furlough workers at its U.S. assembly plant in Tennessee starting April 11 as the industry grapples with the ongoing coronavirus pandemic.
Caterpillar Inc is in talks with banks to raise a new US$3 billion nine-month revolving credit facility, Bloomberg reported on Thursday, citing people familiar with the matter.
The U.S. Federal Reserve and the Bank of England ramped up their emergency responses to the world's escalating coronavirus recession on Thursday as they pushed deeper into territory once considered fraught with risk for central bankers.
Citigroup Inc said on Thursday, that it has started accepting applications for the US$349 billion small business bailout fund.
Air France KLM said that despite cost-cutting measures to stave off the impact of the coronavirus crisis, it expects it will be short of cash in the third quarter, but said it was confident that the French and Dutch governments would support the group.
REUTERS: Uber Technologies Inc on Thursday (Apr 9) said it plans to ship millions of face masks to its active drivers and food delivery people around the world to help prevent the spread of the novel coronavirus. The ride-hailing company's vice president of safety and insurance, Gus Fuldner, in...
