Smithfield Foods to restart South Dakota pork plant from May 7
Smithfield Foods Inc will restart its plant in Sioux Falls, South Dakota from May 7 after being idled for more than three weeks due to...
Ford’s China ventures saw sales growth in April as market rebounds
U.S. automaker Ford Motor Co’s two ventures in China have reported year-on-year sales growth for April, indicating the world’s biggest auto market has started its...
U.S. reaches settlement to recover over $49 million involving Malaysia’s 1MDB: DOJ
The United States has reached a settlement to recover more than $49 million involving Malaysian sovereign wealth fund 1MDB, the Department of Justice said....
Asia stocks set to track soft Wall Street lead amid pandemic worries
Asian stocks were set to come under pressure on Thursday as downbeat economic data pushed investors to safe havens and growing worries about falling demand...
Peloton gets lockdown boost as home workouts drive exercise bike sales
Peloton Interactive Inc raised its forecast for full-year revenue on Wednesday as “stay at home” orders led to a surge in sales of the company’s...
T-Mobile beats phone subscriber estimates as lockdown creates demand surge
T-Mobile US Inc added more monthly bill paying phone subscribers than expected in the first quarter, thanks to a surge in demand for cheaper phone...
Fox Corp beats quarterly revenue estimates as TV viewership rises
Fox Corp beat Wall Street estimates for third-quarter revenue on Wednesday, as the media company benefited from a rise in television viewership with people staying...
Surging small cap stocks offer hope of U.S. growth rebound
Big gains in small caps stocks are fueling hopes that a bounce in broader equity markets may stick, as investors ponder how quickly the U.S....
World shares mixed amid hopes for business pickup, oil slips
Oil prices slid and world equity markets seesawed on Wednesday as investor hopes for a pickup in business activity were dashed by downbeat economic data...
The magic word for Detroit automakers is trucks
The coronavirus pandemic brought the U.S. auto industry to its knees, but Americans’ love affair with beefy pickup trucks is helping the Detroit automakers get...