Wall Street set to surge on coronavirus slowdown hopes
Wall Street was set to resume a strong rally on Tuesday as early signs of a slowdown in coronavirus cases in U.S. hot spots raised...
WeWork special committee files lawsuit against SoftBank after tender offer falls through
The special committee on the board of The We Company, which operates office-sharing startup WeWork, filed a lawsuit against its largest shareholder SoftBank Group Corp...
Japan’s Softbank to invest $48 million in Brazil pet products site Petlove
Japan’s Softbank Group Corp reached an agreement to invest 250 million reais ($48 million) in pet products online retailer Petlove, the companies said in a...
Millions of aviation jobs at risk, airlines beg for govt support: IATA
Global airlines said 25 million jobs across the world could be at risk from the coronavirus travel downturn, as the industry’s representative body launched a...
In a first, China knocks U.S. from top spot in global patent race
China was the biggest source of applications for international patents in the world last year, pushing the United States out of the top spot it...
Honda furloughs U.S. workers until May 1 as coronavirus suspends operations
Honda Motor Co on Tuesday said that it had furloughed workers at its U.S. plants which will be closed until May 1 as demand for...
Graphic: Oil majors cut 2020 spending by 22% after prices slump
The world’s biggest oil and gas companies are cutting spending this year following a collapse in oil prices driven by a slump in demand because...
Last but not least: Exxon chops spending by 30%
Exxon Mobil Corp on Tuesday throttled back a multi-year investment spree in shale, LNG and deep water oil production and will cut planned capital spending...
Macy’s finance chief Paula Price to step down in May
Department store chain operator Macy’s Inc said on Tuesday that Chief Financial Officer Paula Price would step down from the role on May 31....
VW plans to partially reopen plant in Spain’s Navarra on April 20
German carmaker Volkswagen hopes to partially reopen its plant in Spain’s Navarra region on April 20 after its closure in mid-March due to the coronavirus...