Wall Street oscillates amid COVID-19 spikes, muted data

Wall Street oscillates amid COVID-19 spikes, muted data
NEW YORK (Reuters) – Wall Street struggled for direction on Thursday as investors weighed a resurgence in coronavirus infections and the possibility of a new round of shutdowns against data that suggested the U.S. economy might not bounce back with quick, V-shaped recovery. Traders exit the 11 Wall St. door of the New York Stock Exchange (NYSE) in New York... Read More

Lufthansa investor Thiele seeks talks with German government: Handelsblatt

Lufthansa investor Thiele seeks talks with German government: Handelsblatt
FILE PHOTO: Lufthansa presents its new logo during a press event in a maintenance hangar of the airline at the airport in Frankfurt am Main, Germany February 7, 2018. REUTERS/Ralph Orlowski FRANKFURT (Reuters) – Lufthansa’s (LHAG.DE) biggest shareholder, German billionaire Heinz Hermann Thiele, has reached out to Berlin politicians for talks, Handelsblatt said, the latest step in a standoff over... Read More

Trump to nominate lawyer Crenshaw to fill SEC Democratic commissioner slot

Trump to nominate lawyer Crenshaw to fill SEC Democratic commissioner slot
FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst/File Photo WASHINGTON (Reuters) – The White House announced on Thursday that President Donald Trump intends to nominate Caroline Crenshaw to fill a Democratic vacancy at the U.S. Securities and Exchange Commission (SEC). Crenshaw, a senior SEC... Read More

Trump to nominate lawyer Crenshaw to serve as Democratic SEC commissioner

Trump to nominate lawyer Crenshaw to serve as Democratic SEC commissioner
FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst/File Photo WASHINGTON (Reuters) – The White House announced Thursday that President Donald Trump intends to nominate Caroline Crenshaw to fill a Democratic vacancy at the Securities and Exchange Commission. Crenshaw, a senior SEC attorney, would fill... Read More

Kroger says demand easing after coronavirus stockpiling

Kroger says demand easing after coronavirus stockpiling
(Reuters) – U.S. supermarket chain Kroger Co (KR.N) stopped short of raising its annual forecasts on Thursday, saying a coronavirus-driven surge in demand for essential goods was fading as American households reconsider what they have on their shelves. FILE PHOTO: Customers browse grocery store shelves inside Kroger Co.’s Ralphs supermarket amid fears of the global growth of coronavirus cases, in... Read More

World stock markets slip on second wave virus fears, safe-havens rise

World stock markets slip on second wave virus fears, safe-havens rise
NEW YORK/LONDON (Reuters) – Global stock markets drifted lower on Thursday as an increase in new coronavirus cases in some U.S. states and China crushed hopes of a swift economic comeback from the pandemic, underpinning demand for safe-haven currencies such as the dollar and Japanese yen. Traders wear masks as they work on the floor of the New York Stock... Read More

Audi boss to head carmaker’s R+D division: sources

Audi boss to head carmaker’s R+D division: sources
FILE PHOTO: Markus Duesmann, board member of German luxury carmaker BMW attends the company’s annual news conference in Munich, Germany, March 21, 2018. REUTERS/Michael Dalder MUNICH (Reuters) – Markus Duesmann, the head of Audi (NSUG.DE), will also head the research and development division at German carmaker Volkswagen’s (VOWG_p.DE) premium brand, two sources told Reuters on Thursday. Hans-Joachim Rothenpieler, Audi’s current... Read More