BRASILIA (Reuters) – LATAM Airlines (LTM.SN) will fire “at least” 2,700 workers in Brazil, including pilots, its Brazilian arm said on Saturday, as the bankrupt carrier struggles to cut costs
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S&P 500, Dow slide as pandemic nerves offset tech euphoria
(Reuters) – The S&P 500 and Dow slipped on Friday as fears about the economic damage from the COVID-19 pandemic replaced early euphoria from stunning quarterly earnings reports by Apple,
Take Five: It's August, what could go wrong?
LONDON (Reuters) – 1/LIRA LOW August can be a tricky time for markets. It was the month Russia defaulted (1998), China devalued the yuan (2015) and BNP Paribas kicked off
L'Oreal shares open down after sales miss forecasts
PARIS (Reuters) – Shares in Maybelline and Lancome maker L’Oreal (OREP.PA) opened down on Friday after the French beauty group posted a sharper-than-expected fall in second-quarter sales, hurt by lockdowns
Stocks, dollar slide on economic data, Trump election tweet
BOSTON (Reuters) – Stock markets, oil prices and the dollar slid on Thursday as new government data underscored the deep economic impact of the coronavirus and U.S. President Donald Trump
Burger chain Shake Shack posts bigger-than-expected quarterly loss
(Reuters) – Shake Shack Inc (SHAK.N) posted a bigger-than-expected quarterly loss on Thursday, as the burger chain temporarily closed some restaurants and limited working hours due to COVID-19 lockdowns and
U.S. economic growth revised slightly down in 2019
WASHINGTON (Reuters) – U.S. economic growth slowed a bit more than previously estimated in 2019 as the sugar high from the Trump administration’s $1.5 trillion in tax cuts faded over
Free lunch! Bosses lure bankers back where they can see them
LONDON (Reuters) – Investment banks in London are trying to tempt more staff into the office, laying on free food, Friday night drinks and other perks to lure bankers back
Samsung Elec second-quarter operating profit up 23% on strong chip sales
SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) said on Thursday it expects a gradual recovery in demand for mobile devices and consumer electronics in the second half of the
Kodak CEO's fortune swells $79 million as stocks rally on U.S. government loan
(Reuters) – Eastman Kodak Co (KODK.N) CEO Jim Continenza added $79 million to his net worth on Wednesday when his options in the imaging company turned from worthless to lucrative