As central banks break the junk debt barrier, investors will follow
Recent central bank bond-buying to calm market turmoil has breached the wall dividing top-grade debt from so-called junk-rated issues, raising the likelihood of the investment...
United Airlines to offer $2.25 billion bonds in private deal
United Airlines Holdings Inc said it plans to raise $2.25 billion through a bond offering as it grapples with a slump in air travel demand...
UK watchdog clears Shell’s ‘drive carbon neutral’ ad on petrol pumps
Britain’s advertising watchdog has ruled Royal Dutch Shell’s ad campaign on petrol pumps promising customers they can “drive carbon neutral” is acceptable, following complaints....
Abercrombie & Fitch begins store reopenings as lockdowns ease
Abercrombie & Fitch Co has begun reopening stores in parts of the world where lockdown restrictions have eased, the company said on Wednesday, as more...
GM tops estimates despite coronavirus, sets North American restart
General Motors Co on Wednesday reported a huge plunge in first-quarter profit that raced past expectations, and the automaker outlined plans for a May 18...
World shares subdued amid weak data; oil resumes gains
Global shares struggled on Wednesday as weak economic data, doubts about the easing of coronavirus lockdowns and simmering U.S.-China tensions cast a pall over markets....
Qatar Airways expects to re-open routes this month
Qatar Airways on Wednesday said it will start expanding its network this month in anticipation of countries easing travel restrictions that have halted global aviation....
New York Times warns of ad sales drop after upbeat first-quarter results
The New York Times Co warned of a steep fall in advertising sales in the current quarter after beating Wall Street’s profit and revenue estimates...
Barrick adjusted profit jumps on higher prices, trims gold 2020 output
Canadian miner Barrick Gold Corp reported a nearly 55% rise in quarterly adjusted profit on Wednesday, benefiting from a surge in gold prices fueled by...
Coronavirus hits GM first-quarter profit hard
General Motors Co on Wednesday reported a huge plunge in first-quarter quarter profit as it burned through cash with its the North American vehicle production...