Volkswagen CEO Herbert Diess Giving up Managing VW Brand
German automaker Volkswagen says its CEO is giving up up managing the company’s core VW brand in order to concentrate more on the group as a whole.
German automaker Volkswagen says its CEO is giving up up managing the company’s core VW brand in order to concentrate more on the group as a whole.
Marriott, Hilton and other big hotel companies are used to competing on price or perks.
The Federal Reserve said it will increase the maximum amount that it will lend under its Main Street loan program and extend the loan repayment period to five years from four, in an apparent effort to make the loans more appealing to businesses and banks.
Some companies have been devastated by the coronavirus pandemic, while others have become a lifeline.
Official data show that German industrial production plunged by nearly 18% in April compared with the previous month at the height of Europe’s coronavirus lockdowns.
Federal, state and local governments have shed over 1.5 million jobs since March as they begin to deal with the financial fallout from the coronavirus pandemic.
Criminals are seizing on a surge in job losses to steal unemployment benefits from Americans nationwide.
OPEC and allied nations have agreed to extend a production cut of nearly 10 million barrels of oil a day through the end of July, hoping to boost energy prices hard-hit by the coronavirus pandemic.
Airline stocks have soared on news that the carriers are bringing back more flight in July.
U.S. productivity fell at a 0.9% rate in the first three months of this year, a smaller decline than first estimated, while labor costs rose at a slightly faster pace.