Trading Ideas
Hertz files for Chapter 11 bankruptcy
Hertz and LATAM became the latest companies that have been hit hard by the coronavirus crisis. Yahoo Finance’s Tom Belger weighs in on how the companies are faring. …read more […]
Month: May 2020
Business News
Austrian Airlines, government agree financing package: Kurier
Austria’s government and Lufthansa-owned carrier Austrian Airlines on Tuesday reached agreement on loans for the airline and to keep Vienna airport as a long-haul hub, a major step forward in the rescue negotiations, daily Kurier said.
Trading Ideas
Nokia shuts plant in south India after 42 test positive for coronavirus
Nokia last week suspended operations at a telecoms gear manufacturing plant in southern India, the company said on Tuesday, after some employees tested positive for COVID-19. Nokia did not disclose how many workers at the plant in Sriperumbudur in the southern state of Tamil Nadu tested positive, but a source familiar with the matter said they were at least 42. The factory had begun operations in a restricted manner over the past few weeks, Nokia said in a statement, after India eased the world’s biggest lockdown to kick-start its economy which has been pummelled by the shutdown. …read more […]
Business News
Ryanair challenges Lufthansa’s bailout package
Low-cost carrier Ryanair challenged Germany’s 9 billion euro rescue package for Lufthansa on Tuesday, saying it distorted competition, while the German carrier moves towards finalising the deal next month.
Newsmakers
NexTech (OTC: NEXCF) Announces Terms Of AR Contract For American Multinational Technology Company
NEW YORK and TORONTO, May 26, May 26, 2020 (GLOBE NEWSWIRE via COMTEX) — Both companies are working together to create many new and exciting AR business use cases NEW YORK and TORONTO, May 26, 2020 […]
Trading Ideas
Uncategorized
NexTech (OTC: NEXCF) Lands Contract to Supply AR for American Multinational Technology Company
Both companies are working together to create many new and exciting AR business use cases NEW YORK and TORONTO, May 26, May 26, 2020 (GLOBE NEWSWIRE via COMTEX) — NexTech AR Solutions (the “Company” or […]
Business News
LATAM becomes largest airline yet driven to bankruptcy by coronavirus
Chile’s LATAM Airlines Group filed for U.S. bankruptcy protection on Tuesday, becoming the world’s largest carrier so far to seek an emergency reorganization due to the coronavirus pandemic.
Business News
LATAM airline shares plunge 51% following bankruptcy announcement
Shares in LATAM Airlines Group SA plunged 51% on Santiago´s stock exchange after the region´s top carrier filed for U.S. bankruptcy protection on Tuesday.
Business News
Hertz awards over $16 million in retention bonus to key executives
U.S. car rental company Hertz Global Holdings said on Tuesday it has paid about $16.2 million in retention bonuses to a range of key executives at the director level and above, days after the company filed for bankruptcy protection.
Business News
S&P 500 tops 3,000 on hopes of economic recovery, COVID-19 vaccine
U.S. stocks jumped and the S&P 500 breached 3,000 points on Tuesday as optimism about a potential coronavirus vaccine and a revival in business activity helped investors overlook simmering Sino-U.S. tensions.
Trading Ideas
3 “Strong Buy” Penny Stocks That Could See Outsized Gains
For investors willing to shoulder additional risk, these may be the best of times for buying stocks. Writing at Morgan Stanley, Michael Wilson, the firm’s head of US equity strategy, firmly believes that the signs are bullish, and that current conditions in the markets closely resemble those of March 2009. That was when market turned upwards after the 2008 financial crisis, beginning the longest bull run in history.Wilson wrote, “A significant driver of our bullish call … was based on the equity-risk premium reaching the same levels observed in March 2009. If there’s one thing we’ve learned over the past …read more […]
Business News
Global airlines body raises alarm over bailout debts
Heavy debts inherited from government bailouts and other fund-raising moves will delay the airline industry’s recovery from the coronavirus crisis, a trade body said on Tuesday.
Trading Ideas
Novavax expects COVID-19 vaccine trial results in July
Biotech firm Novavax has entered its coronavirus vaccine in a Phase 1 clinical trial in Australia — the first in the Southern Hemisphere. …read more […]
Trading Ideas
U.S. new home sales rise in April despite COVID-19
U.S. new home sales rose in April amid the coronavirus crisis. ING Regional Head of Research Padhraic Garvey joins Yahoo Finance’s On The Move to assess the state of housing. …read more […]