Starbucks forecasts over $2 billion drop in quarterly income as COVID-19 hits
Starbucks Corp said on Wednesday it expects current-quarter operating income to plunge by up to $2.2 billion, and sales to decline for the rest of...
Goldman Sachs forms fund to address racial injustice
Goldman Sachs Group Inc said on Wednesday it had launched a $10 million fund to support the work of organizations addressing racial injustice, structural inequity...
Tesla shares surge past $1,000 as Musk revs up the Semi
Tesla Inc’s stock jumped above $1,000 a share on Wednesday after Chief Executive Elon Musk told his staff it was time to bring the Tesla...
Dollar slips, stocks fall ahead of Fed meeting
The dollar slid to a three-month low and a gauge of global equities edged lower on Wednesday as investors awaited news at the end of...
Mall operator Simon Property abandons $3.6 billion acquisition of Taubman
Simon Property Group Inc , the biggest U.S. mall operator, said on Wednesday it was ending its $3.6 billion deal to buy Taubman Centers Inc...
Just Eat Takeaway in advanced talks to buy Grubhub
European food ordering firm Just Eat Takeaway.com NV said on Wednesday it was in advanced talks to buy Grubhub Inc in an all-stock deal....
S&P 500, Dow slip ahead of Fed outlook; Nasdaq scales fresh high
The S&P 500 and Dow eased on Wednesday, as losses in financial stocks outweighed a boost from technology, with focus shifting to the Federal Reserve’s...
Mall operator Simon Property terminates $3.6 billion deal to buy rival Taubman
Simon Property Group Inc , the biggest U.S. mall operator, said on Wednesday it would terminate its $3.6 billion deal to buy Taubman Centers Inc...
Ford to return to pre-COVID production rates in U.S. plants by early July, COO says
Ford Motor Co expects to have its U.S. vehicle assembly plants return by early July to building at the rates they did before the coronavirus...
UK regulator gets more time for final ruling on Amazon’s Deliveroo deal
Britain’s competition regulator has given itself two more months to make a final ruling on Amazon’s purchase of a minority stake in online delivery group...