 | | | | General Electric Co lost less cash than estimated in the second quarter even as the coronavirus pandemic pummeled demand in its aviation business, resulting in a wider-than-expected quarterly loss. | | | | | | Normally among the most conservative of investors, insurers facing shrinking returns and big future payouts are delving increasingly into riskier corporate debt, potentially exposing themselves to defaults and more regulatory scrutiny. | | | | | | Some investors of TikTok's parent company ByteDance seeking to take over the popular social media app are valuing it at about $50 billion, significantly more than peers such as Snap Inc , according to people familiar with the matter. | | | | | | General Motors Co on Wednesday swung to a loss for the second quarter, reflecting a forced shutdown to slow the spread of the coronavirus pandemic that left its North American plants idled through to May 18. | | | | | | Global airlines cut their coronavirus recovery forecast on Tuesday, saying it would take until 2024 - a year longer than previously expected - for passenger traffic to return to pre-crisis levels. | | | | | | Rolls-Royce is planning a share issue to raise up to 1.5 billion pounds ($1.9 billion) to plug a capital shortfall as a slow recovery in demand for air travel threatens the aviation industry, four sources told Reuters. | | | | | | CME Group , the world's biggest futures exchange operator, on Wednesday reported lower second-quarter profits as fiscal and monetary steps taken to ease the economic impact of the coronavirus pandemic slowed hedging demand for some of its products. | | | | | | Retired New Yorkers Mahlon and Kim Russell have taken 15 cruises over the past 15 years, visiting destinations from Tahiti to St. Petersburg, primarily with Norwegian Cruise Line. | | | | | | Britain's GSK fell short of quarterly expectations for profit on Wednesday, as sales of the drugmaker's blockbuster shingles vaccine fell and stockpiling of pain and lung medication tapered as countries eased lockdowns. | | | | | | Defense contractor General Dynamics Corp posted a 22.5% fall in quarterly profit on Wednesday, hurt by lower sales in its aerospace and information technology units. | | | | | |
