Exclusive: Lord & Taylor explores bankruptcy as stores remain shut in coronavirus pandemic
Lord & Taylor is exploring filing for bankruptcy protection after it was forced to temporarily shut all of its 38 U.S. department stores in the...
Asian stocks set to sink after historic U.S. oil rout
Asia shares were poised to track a Wall Street tumble on Tuesday after U.S. crude futures turned negative for the first time in history, crushed...
Exclusive: Lord & Taylor explores bankruptcy as stores remain shut in coronavirus pandemic – sources
Lord & Taylor is exploring filing for bankruptcy protection after it was forced to temporarily shut all of its 38 U.S. department stores in the...
WeWork directors defend right to represent shareholders against SoftBank
A special committee of WeWork board members on Monday rejected an assertion by SoftBank Group Corp that it does not have authority to represent the...
Virgin Australia enters voluntary administration with aim to recapitalise
Virgin Australia Holdings Ltd said on Tuesday it entered voluntary administration to recapitalise the business and emerge in a stronger financial position after being battered...
U.S. energy industry steps up lobbying for Fed’s emergency aid: letters
The U.S. energy industry has asked the Federal Reserve to change the terms of a $600 billion lending facility so that oil and gas companies...
Wall Street drops as oil traders cannot give away U.S. crude
Wall Street tumbled on Monday after U.S. crude futures turned negative for the first time ever, with traders forced to pay to unload crude as...
U.S. Senate sees possible Tuesday coronavirus vote, Pelosi said optimistic
The U.S. Congress inched toward a $450 billion deal to help small businesses and hospitals hurt by the coronavirus pandemic, with House Speaker Nancy Pelosi...
U.S. crude futures up over $20, but still trade in negative territory
U.S. crude oil jumped over $20 per barrel on Tuesday but still traded below $0 after plunging into negative territory for the first time in...
Negative $40 oil reflects panic – and U.S. crude market economic reality
Traders desperate to avoid owning oil fled the markets on Monday, sending crude futures into negative territory for the first time ever, in recognition that...