Global CEOs see U-shaped recession due to coronavirus: survey
Global business leaders are preparing for a drawn-out U-shaped recession due to the impact of coronavirus and many fear their companies won’t survive the pandemic,...
Lululemon apologizes after staffer offends with ‘bat fried rice’ T-shirt
Canadian exercise apparel brand Lululemon issued statements on Tuesday apologizing for, and distancing itself from, a T-shirt design promoted by one of its art directors...
Virgin Australia administrator to hold first creditors’ meeting on April 30
Virgin Australia Holdings Ltd’s administrators will hold the first meeting of creditors on April 30 and have retained Houlihan Lokey to advise them on recapitalizing...
Facebook invests $5.7 billion in India’s Reliance Jio
Facebook Inc announced a $5.7 billion investment in Reliance Industries Ltd’s telecom unit on Wednesday, making it the largest minority shareholder in Jio Platforms Limited....
Expedia nearing deal to sell stake to Silver Lake and Apollo: WSJ
Online travel services company Expedia Group Inc is in advanced talks to sell a stake to private-equity firms Silver Lake Partners and Apollo Global Management...
Asia equities set to plunge after U.S. crude collapses for second day
Asian share markets were set to tumble on Wednesday as the floor fell out from under U.S. crude prices, exposing the deep damage the coronavirus...
No takers: Hyundai cars sit in U.S. ports as virus keeps buyers away
As Detroit’s automakers shut production in March due to the coronavirus pandemic, South Korea’s Hyundai Motor cranked up its factories back home to ship cars...
United Airlines sells $1 billion of stock in fresh move to weather pandemic
United Airlines Holdings Inc on Tuesday announced a public offering to raise more than $1 billion, the first major airline to sell equity to help...
Texas Instruments prepares for coronavirus crisis after strong first quarter
Texas Instruments Inc on Tuesday reported better-than-expected results for the first quarter but forecast current-quarter revenue and profit largely below Wall Street estimates, as the...
United Airlines looks to raise $1 billion with new stock offering, shares slip
United Airlines Holdings Inc on Tuesday announced a public offering of 39.25 million shares aimed at raising more than $1 billion to help shore up...