Supercar group McLaren to cut 1,200 jobs across group amid pandemic
British supercar manufacturer McLaren Group, which includes the Formula One team, said on Tuesday it would cut 1,200 jobs under a proposed restructuring programme as...
UK’s John Lewis plans ‘phased’ re-opening of department stores
British retailer John Lewis Partnership said on Tuesday it will re-open its department stores on a “phased basis” after the government said “non-essential” retail could...
S&P 500 breaches 3,000 mark for first time since early March
U.S. stocks surged at the open and S&P 500 breached a major technical barrier on Tuesday as business restarts and optimism about a potential coronavirus...
Wall Street set to surge at open on recovery, vaccine hopes
Wall Street was set to surge at the open, with the S&P 500 poised to breach a major technical barrier on Tuesday as business restarts...
LATAM becomes largest airline driven to bankruptcy by coronavirus
Chile’s LATAM Airlines Group SA filed for U.S. bankruptcy protection on Tuesday, becoming the world’s largest carrier so far to seek an emergency reorganization amid...
Warner Music kicks off $1.8 billion Nasdaq IPO
Warner Music Group said on Tuesday it is aiming to sell up to $1.82 billion in stock in its U.S. initial public offering, potentially the...
KFC to test revamped sandwich after last year’s fried chicken frenzy
Kentucky Fried Chicken on Tuesday will begin testing an overhauled sandwich featuring a bigger chicken filet and other modifications that could reignite last year’s Great...
Oil prices climb as faith in supply cuts grows
Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks up...
Macy’s announces $1 billion bond offering to repay credit facility
Macy’s Inc said on Tuesday it planned to raise $1.1 billion in a bond offering, backed by a first mortgage on some of its properties,...
S&P 500 futures surge on recovery, vaccine hopes
U.S. stock futures surged on Tuesday as business restarts and optimism about a potential coronavirus vaccine helped investors returning from a long weekend to overlook...