J&J sees recovery in coronavirus-hit medical devices unit at end of year
Johnson & Johnson on Tuesday said it expects its medical device business to begin recovering in the fourth quarter as elective medical procedures delayed by...
Oil slides 5% as producer cuts fail to banish demand fears
Oil prices plunged around 5% on Tuesday as investors doubted that record OPEC+ supply cuts would soon balance markets as demand plunges due to the...
Pelosi calls on Fed to help universities
The top Democrat in the U.S. House of Representatives called on the Federal Reserve on Tuesday to allow nonprofit groups including colleges and universities access...
Boeing 737 MAX cancellations mount amid production halt
Boeing Co on Tuesday reported another 75 cancellations for its 737 MAX jetliner in March, as the coronavirus crisis worsens disruptions from the grounding of...
J.C. Penney to hire advisors as it mulls debt management options: Bloomberg News
J.C. Penney Co Inc has approached consulting firm AlixPartners LLP as the U.S. retailer looks at options for managing its debt, Bloomberg News reported on...
Rolex joins leading watchmakers withdrawing from Baselworld fair
Rolex, Patek Philippe and Chanel will not exhibit at MCH Group’s Baselworld watch and jewellery trade show in 2021, they said on Tuesday, another blow...
Qatar Airways signs $850 million financing deal with Standard Chartered
Qatar Airways and Standard Chartered have signed an $850 million financing deal for seven Boeing 787-9 aircraft, a statement from the Qatari airline said on Tuesday....
Oil producers pin hopes for massive cuts on unprecedented stocks purchases
An unprecedented deal by oil producers to curb supply to match demand hollowed out by the coronavirus pandemic is set to depend partly on purchases...
Pelosi rejects McConnell emergency coronavirus spending plan, urges Fed to widen loans
U.S. House Speaker Nancy Pelosi on Tuesday rejected Senate Majority Leader Mitch McConnell’s proposed emergency spending plan to help small businesses cope with the coronavirus...
Wells Fargo profit decimated as coronavirus-led loan defaults loom
Wells Fargo & Co on Tuesday reported a plunge in first-quarter profit as the U.S. bank set aside nearly $4 billion to cover potential losses...