 | | | | Stock markets, oil prices and the dollar all slid on Thursday after President Donald Trump raised the possibility of delaying the November U.S. election and new government data underscored the coronavirus' deep economic impact. | | | | | | The S&P 500 and Dow were lower on Thursday after data painted a worrying picture of the economy, while President Donald Trump floated the possibility of delaying the Nov. 3 U.S. presidential election, feeding market uncertainty. | | | | | | Intesa Sanpaolo concluded its tortuous takeover battle for rival UBI on Thursday, securing 90.2% of its target's shares to create Italy's biggest bank owning a fifth of the loan market. | | | | | | United Airlines told its pilots it may need more furloughs than originally planned this year and next due to a worsening industry outlook as COVID-19 cases rise, unless there is another bailout or unions agree to reduce costs, a memo reviewed by Reuters showed. | | | | | | Air France-KLM said on Thursday it aims to operate at two-thirds of capacity before the end of the year, as it navigates the effects of the coronavirus crisis that led to a 1.55 billion euro ($1.8 billion) quarterly operating loss. | | | | | | Kraft Heinz Co on Thursday said second-half core earnings growth would be weaker-than-expected and took a nearly $3 billion charge on the value of several businesses, highlighting uncertainty in the food industry due to the novel coronavirus. | | | | | | Europe's Airbus announced a new cut in production of its marquee A350 jet on Thursday as it swung to a larger-than-expected second-quarter loss in the face of the global pandemic. | | | | | | Exxon Mobil Corp is preparing deep spending and job cuts, according to people familiar with the matter, as it fights to preserve a 8% shareholder dividend with a multi-billion-dollar quarterly loss looming. | | | | | | Spain's government and Airbus said on Thursday they had agreed measures aimed at propping up the aerospace sector and minimising job losses after a meeting between Prime Minister Pedro Sanchez and Airbus Chief Executive Guillaume Faury. | | | | | | Oil prices sank on Thursday following weak U.S. economic data and after a tweet from U.S. President Donald Trump suggesting the nation should delay its November presidential election. | | | | | |
