AmEx quarterly profit plunges 76% on $1.7 billion reserve build

(Reuters) – Credit card issuer American Express Co <AXP.N> posted a 76% drop in quarterly profit…

Verizon pulls 2020 revenue view as lockdowns result in wireless subscriber loss

(Reuters) – Verizon Communications Inc <VZ.N> withdrew its full-year revenue outlook on Friday as it lost…

HSBC to push on with overhaul ‘wherever possible’ despite crisis

By Lawrence White LONDON (Reuters) – HSBC will press ahead with plans to shift capital from…

Coronavirus stockpiling drives best Nestle sales growth in years

By Siddharth Cavale (Reuters) – Swiss food giant Nestle <NESN.S> reported its best quarterly sales growth…

Dollar snaps four days of gains, but outlook bright

By Saikat Chatterjee LONDON (Reuters) – Four days of U.S. dollar gains ended on Friday, although…

Global stocks fall on worries over EU stimulus details, coronavirus drug

By Tom Arnold LONDON (Reuters) – Global shares fell on Friday, hit by delays to an…

Main Street’s mainstays: How some U.S. states tapped crisis loans

By Howard Schneider and Timothy Aeppel (Reuters) – As the coronavirus crisis gripped the U.S. economy…

Oil heads for steep weekly slide after coronavirus turmoil

By Ahmad Ghaddar LONDON (Reuters) – Oil prices were broadly steady on Friday but headed for…

Burberry will not take British state crisis cash to pay staff

By James Davey LONDON (Reuters) – Luxury brand Burberry <BRBY.L> will pay all its staff globally…

‘Full fury’ of coronavirus sends German business morale to record low

By Paul Carrel BERLIN (Reuters) – German business morale crashed in April in its most dramatic…