Reuters Company News

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Alcoa said on Thursday it is considering laying off up to 534 workers from its San Ciprian aluminum plant in the Spanish region of Galicia, though a final decision has not yet been made.

Food delivery company DoorDash will announce on Thursday a service to help restaurants build their own websites for online ordering so they do not have to pay marketing commissions to the platform itself. Restaurants will also not have to pay most fees for the new DoorDash Storefront service through the end of the year, providing some relief to a ravaged industry as it starts reopening in some areas, DoorDash Chief Operating Officer Christopher Payne told Reuters exc

Citigroup Inc looks to reopen its New York headquarters to a small number of employees as soon as July, with workers returning to London offices even earlier, Chief Executive Officer Michael Corbat told Bloomberg News in an interview https://www.bloomberg.com/news/articles/2020-05-28/citi-s-corbat-maps-out-june-july-reopening-amid-commuting-fear.

The European Union's 750 billion euro recovery fund plan is not a game changer as the level of debt alleviation for the likes of Italy are likely to be marginal, a PIMCO lead sovereign credit research analyst said on Thursday.

Electric vehicle (EV) maker Nio Inc's chief executive said it may list its new Nio China entity, as the cash-strapped company eyed a rebound after selling fewer vehicles during the coronavirus outbreak.

Dollar General Corp said on Thursday it expects to exceed its annual sales and profit forecasts after the retailer saw a surge in demand from customers stocking up on groceries and household essentials amid the COVID-19 pandemic.

Sonic Automotive Inc , which operates 95 U.S. car dealerships, started laying off and furloughing about a third of its workforce as the coronavirus pandemic crushed its sales. Then it changed its executives' pay packages - handing them a multimillion-dollar windfall.

Lysol is starring with celebrities and rock-bottom prices in the $8 trillion global travel industry's pitch to get people back on the road and in the air.

* To use Merck's global manufacturing network for vaccine (Adds detail, background)

Nio Inc on Thursday reported quarterly revenue below Wall Street estimates as the cash-strapped Chinese electric vehicle (EV) maker sold fewer vehicles amid the COVID-19 pandemic, sending its shares down 3%.

* Futures mixed: Dow up 0.27%, S&P off 0.10%, Nasdaq down 0.58%

Coffee maker JDE Peet's plans to make its stock market debut on Friday, sooner than originally planned, after reporting strong investor demand for one Europe's few large initial public offerings during the coronavirus crisis.

The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Thursday:

European low-cost airlines are pressuring airports to slash charges in return for resuming flights, as the COVID-19 shutdown intensifies their race with traditional carriers to lower costs and win post-pandemic business.

Brazilian telecoms company Oi SA has postponed disclosure of its first-quarter earnings until June 15, the company said late on Wednesday, adding that it is currently focused on preparing documents for an amendment proposal to its bankruptcy plan.

Nio Inc reported quarterly revenue below Wall Street estimates on Thursday as the cash-strapped Chinese electric vehicle (EV) maker reeled under the impact of the COVID-19 pandemic on its vehicle sales, sending its shares down 7%.

Nissan Motor Co outlined a new plan on Thursday to become a smaller, more cost-efficient carmaker after the coronavirus pandemic exacerbated a slide in profitability that culminated in its first annual loss in 11 years.

Amazon.com Inc plans to offer permanent jobs to about 70% of the U.S. workforce it has hired temporarily to meet consumer demand during the coronavirus pandemic, the company told Reuters on Thursday.

General Motors Co and Ford Motor Co are using fast-payment programs set up with financial lenders to help cash-strapped small suppliers survive production shutdowns caused by the coronavirus pandemic.