Macy’s raises $4.5 billion to shore up funds as stores reopen, shares surge
Macy’s Inc said on Monday it raised a total of $4.5 billion, including $3.15 billion in new borrowings against its real estate assets, as the...
Macy’s raises $4.5 billion through asset-based credit, bonds
Macy’s Inc said on Monday it raised a total of $4.5 billion, including $3.15 billion in asset-based credit, as the department store chain tries to...
Stocks rally on quick economic revival hopes, oil slides
Global equity markets surged on Monday, with the Nasdaq hitting a record high on hopes of a quick recovery from the coronavirus slump, while oil...
GE reopens parts of prior debt offerings to raise $3 billion
General Electric Co said on Monday it reopened portions of its prior debt offerings for $3 billion in total proceeds to boost its cash reserves...
Nasdaq hits record close, confirms bull market on economic recovery hopes
The Nasdaq hit a record high close on Monday, confirming a bull market began on March 23, and the Dow and S&P 500 jumped as...
Nasdaq hits record high as U.S. recession becomes official
Surging technology and communications stocks have put the Nasdaq on the cusp of confirming that it is in a new bull market just 16 weeks...
JetBlue to fly about 50% of July schedule, more in August: CNBC interview
JetBlue Airways Corp expects to fly about half of its original schedule in July, up from about 25% to 30% in June, and a bit...
It’s official: U.S. economy entered recession in February
The U.S. economy ended its longest expansion in history in February and entered recession as a result of the coronavirus pandemic, the private economics research...
Volkswagen replaces Herbert Diess as CEO of the VW brand
Volkswagen replaced Herbert Diess as chief executive of the VW brand on Monday and installed chief operating officer Ralf Brandstaetter to lead cost cutting efforts...
PG&E plans $5.75 billion equity raise to fund bankruptcy exit
California-based power provider PG&E Corp said on Monday it plans to raise $5.75 billion from public offerings as it tries to emerge from Chapter 11...