Lufthansa shareholders on Tuesday agreed to not distribute 298 million euros ($323 million) in retained profits as a dividend for 2019, as the airline enters the final stretch of negotiations for a 10 billion euro bailout.
A gauge of global stock markets snapped a three-day losing streak on Tuesday as moves to ease major economies out of their coronavirus lockdowns lifted the outlook for growth and helped give international oil prices a sixth day of strong gains.
Medium Craft Ventures | David Sacks | Apr 23, 2020 As the economic crisis deepens, capital efficiency becomes a more pressing issue for startups. Not only is it necessary to maximize runway, it also plays a larger role in how investors evaluate companies. While growth is always prized during good times or bad, investors increasingly
Employers who furlough their employees but cover the cost of health insurance may not be able to claim the employee retention tax credit. Lawmakers are now asking Treasury to change course.
Delta Air Lines said on Tuesday it was putting a limit to seating capacity in its airplanes, as the U.S. carrier looks to provide a safe flying experience to customers amid the coronavirus crisis.
3M Co won an injunction from a federal judge against a New Jersey company it accused of illegally using its trademarks to sell 3M-branded N95 respirator masks at inflated prices to exploit the coronavirus pandemic.
Wall Street's main indexes jumped on Tuesday as a recovery in oil prices lifted battered energy stocks and a slew of countries eased coronavirus-induced restrictions in an attempt to revive their economies.
An SEC rule is requiring many brokers, often referred to as financial or wealth advisors, to stop marketing themselves as "advisors" next month.
The men allegedly fraudulently applied for more than $500,000 in assistance from the new CARES Act Payroll Protection Program, which is designed to help businesses affected by the coronavirus outbreak.
BMW lowered the outlook for the profitability of its automotive division, citing worse-than-expected demand which has been impacted by global measures to contain the coronavirus.
Wall Street's main indexes rallied on Tuesday as healthcare stocks jumped, oil prices surged and a number of countries and U.S. states eased coronavirus-induced restrictions in an attempt to revive their economies.
California's attorney general on Tuesday sued Uber Technologies Inc and Lyft Inc for classifying its drivers improperly as independent contractors instead of employees, evading workplace protections and withholding worker benefits.
Medium Craft Ventures | David Sacks | Apr 23, 2020 As the economic crisis deepens, capital efficiency becomes a more pressing issue for startups. Not only is it necessary to maximize runway, it also plays a larger role in how investors evaluate companies. While growth is always prized during good times or bad, investors increasingly
The men are charged with fraudulently applying for more than $500,000 in assistance from the new CARES Act Payroll Protection Program, which is designed to help businesses affected by the coronavirus outbreak.
Home rental startup Airbnb Inc is planning to lay off 1,900 employees due to the impact of the coronavirus pandemic, two sources familiar with the matter told Reuters.