Oil prices ease on dim economic outlook despite signs of firmer demand
Oil prices dipped on Wednesday as concerns over the lasting economic fallout from the coronavirus pandemic outweighed signs of improving demand and production cuts by...
Urban Outfitters predicts 60% fall in same-store sales on slow recovery
Apparel retailer Urban Outfitters Inc on Tuesday projected a 60% decline in same-store sales in the second quarter due to tepid demand recovery from the...
Exclusive: Third Point founder Daniel Loeb takes over as Munib Islam leaves firm
Billionaire investor Daniel Loeb is taking back the reins as sole chief investment officer at his hedge fund Third Point LLC, less than one year...
Mining companies rush to shield indigenous communities from coronavirus
Big mining companies that rely on indigenous workforces or operate near remote communities have acted fast to curb the spread of the coronavirus and avoid...
GM delays tentative restart for plant in Silao, Mexico to May 21
General Motors Co signaled it has pushed back the tentative date for restarting operations at its auto assembly plant in the central Mexican city of...
Business group cautions U.S. on ‘reshoring’ too much China supply
The U.S. Chamber of Commerce on Tuesday warned the U.S. government against overdoing a major effort underway to rip U.S. supply chains out of China...
Johnson & Johnson to stop selling talc-based baby powder in U.S., Canada
Johnson & Johnson on Tuesday announced that it would stop selling its talc-based Johnson’s Baby Powder in the United States and Canada, saying it was...
Lockheed may delay delivery of up to 24 F-35 jets as COVID-19 hits suppliers
Lockheed Martin said on Tuesday it will slow production of its stealthy F-35 fighter jets at its Texas facility, possibly delaying delivery of between 18...
S&P stumbles as Moderna sinks on report questioning trial results
The S&P 500 closed lower on Tuesday, as investors focused on a report questioning Moderna’s recent coronavirus vaccine early-stage trial results, wiping out modest gains...
Lockheed’s F-35 production could slow by 24 jets as COVID-19 hits suppliers
Lockheed Martin said on Tuesday it will slow production of its stealthy F-35 fighter jets at its Texas facility, possibly delaying delivery of between 18...