Exclusive: Nasdaq informs China’s Luckin Coffee it must delist-sources
Nasdaq Inc has delivered a notice to China’s Luckin Coffee Inc informing it that it has to delist from the U.S. stock exchange, people familiar...
Walmart sales surge at stores and online on coronavirus-led demand
Walmart Inc beat Wall Street expectations with its quarterly revenue and earnings on Tuesday and reported record U.S. online sales as stockpiling drove consumers to...
Fiat Chrysler’s loan request raises doubts about $6 billion dividend
Italy could look into Fiat Chrysler’s planned 5.5 billion euro ($6 billion) payout as part of its merger with Peugeot after the Italian-American carmaker asked...
Trump awards deal to company to manufacture COVID-19 drugs in U.S
U.S. President Donald Trump’s administration has awarded a $354 million contract to U.S.-based Phlow Corp to manufacture drugs being tested or used to fight the...
Walmart’s same-store sales rise 10%, online revenues surge
Walmart Inc’s first-quarter U.S. comparable sales rose 10% and the retailer reported a 74% rise in online revenue on Tuesday as stockpiling of groceries and...
Oil steady on signs of output cuts but demand concerns weigh
Oil prices were steady on Tuesday amid signs that producers are cutting output as promised while traders awaited more clarity on the demand picture as...
Asda’s first-quarter sales boosted by coronavirus stocking-up
Asda, the British supermarket arm of the world’s biggest retailer Walmart , said on Tuesday its first-quarter comparable sales rose 3.5%, boosted by consumers stocking-up...
Past its peak? Battered oil demand faces threat from electric vehicles
Oil companies may be facing uncertainty as the coronavirus pandemic triggers a collapse in demand for their products, but auto makers are betting the crisis...
Few U.S. oil and gas firms return small-business COVID-19 loans
U.S. securities filings show that only three of 12 listed oil and gas companies that received emergency government aid made available for small businesses said...
Southwest says bookings outpace cancellations in May
Southwest Airlines Co said on Tuesday it recorded positive bookings on a net basis through May 18, as passenger reservations outpaced trip cancellations....