McDonald’s pulls 2020 outlook as quarterly comparable sales fall 3.4%
McDonald’s Corp posted a steeper-than-expected decline in quarterly comparable store sales and the company pulled its full-year forecast as coronavirus-led lockdowns forced it to shutter...
Tiffany says Australian regulators seek more time to review LVMH deal
Tiffany & Co said on Wednesday Australian regulators have sought more time to review LVMH’s multi-billion dollar purchase of the U.S. jeweler due to the...
Spirit AeroSystems halts production for Boeing jets indefinitely
Spirit AeroSystems , Boeing’s top supplier, said on Wednesday it had stopped production for the planemaker for an indefinite period and would furlough workers supporting...
Tesco defends dividend payout as warns coronavirus costs could top $1 billion
Tesco has defended its decision to pay investors a 635 million pound ($782 million) dividend while accepting business tax relief from the British government aimed...
SoftBank-backed Oyo furloughs some U.S. workers as coronavirus hits revenue
SoftBank-backed Oyo Hotels and Homes is furloughing some employees to cut costs, it said on Wednesday, as lower travel due to the coronavirus pandemic slams...
OECD says leading indicators flag biggest monthly drop on record
Major economies are seeing the biggest monthly slump in activity ever amid the coronavirus crisis and no end is in sight without clarity about how...
Coronavirus rout spurs China investors to dividend plays
Wild swings in global equities markets are prompting brokers and fund managers to urge patience with a strategy still alien to many of China’s momentum-driven...
EasyJet founder continues battle over $5.5 billion Airbus order
EasyJet founder Stelios Haji-Ioannou continued his battle to force the British airline to cancel an order for 107 Airbus planes, making a new demand on...
Oil holds near $32 ahead of OPEC-led talks on output cuts
Oil steadied near $32 a barrel on Wednesday, supported by hopes that a meeting between OPEC members and allied producers on Thursday will trigger output...
Wobbly U.S. fiscal response could deepen coronavirus recession
The U.S. government’s massive effort to nurse the economy through the coronavirus crisis was billed as a send-money-and-don’t-sweat-the-details flood of cash to people and businesses...