Rupert Murdoch gives up bonus after News Corp post $1 billion loss
News Corp Executive Chairman Rupert Murdoch is forgoing his cash bonus for the year after the media company posted a $1 billion quarterly loss due...
Explainer: Why Friday’s U.S. jobless figures won’t capture the true state of the coronavirus economy
The U.S. economy is expected to have shed 22 million jobs in April, tripling the nationwide unemployment rate to 16%, when new government data is...
Siemens sees strongest coronavirus impact in next quarter as second-quarter profit plunges
Siemens expects “even stronger impacts” from the coronavirus pandemic in the weeks ahead, it said on Friday as it ditched its 2020 guidance and posted...
Great Depression-like U.S. job losses, unemployment rate expected in April
The U.S. economy likely lost a staggering 22 million jobs in April, in what would be the steepest plunge in payrolls since the Great Depression...
Asian shares up as U.S., China trade negotiators talk
Asian shares rose on Friday as investors focused on talks between U.S. and Chinese trade officials and solid corporate earnings rather than the looming release...
Japan’s ANA suspends recruitment citing coronavirus fallout
ANA Holdings Inc , the operator of Japan’s top airline, said on Friday it would suspend its recruitment process at its 37 group companies due...
After surprise apology, Samsung heir pressed to explain family’s intentions
Samsung Group heir Jay Y. Lee’s vow to end dynastic succession at South Korea’s biggest conglomerate following three generations of family control sparked skepticism in...
Top U.S., China trade officials agree to strengthen cooperation
Top U.S. and Chinese trade representatives discussed their Phase 1 trade deal on Friday with China saying they agreed to improve the atmosphere for its...
China, U.S. hold trade talks on implementation of signed phase one deal
Chinese Vice Premier Liu He, U.S. Treasury Secretary Steven Mnuchin and United States Trade Representative Robert Lighthizer held a phone call late on Thursday in...
Payments giant Fiserv names Bisignano to succeed Yabuki as CEO
Payments giant Fiserv Inc said Thursday that Frank Bisignano would become the company’s chief executive on July 1, with long-time head Jeffery Yabuki remaining on...