Pier 1 Imports Cancels Bankruptcy Auction as Coronavirus Chills Potential Bids
Pier 1 Imports Inc. has canceled an auction to sell itself out of chapter 11 as senior lenders opted to… Read More »
Macy’s to Furlough Most Workers as Stores Stay Shut
Macy’s Inc. will furlough the majority of its employees beginning this week as sales have evaporated while its stores remain… Read More »
Dow Inc. to Produce Hand Sanitizer at Five Plants
Dow Inc. on Monday said four more of its plants around the world will begin producing hand sanitizer to help… Read More »
UK Govt. Senior Adviser Dominic Cummings Self Isolating After Showing Coronavirus Sympt
British Prime Minister Boris Johnson’s most-senior adviser Dominic Cummings has self-isolated at home after showing signs of the coronavirus, making… Read More »
Microsoft Buying Cloud Platform 5G Provider Affirmed Networks
Microsoft Corp. is buying Affirmed Networks, a cloud platform provider for 5G, for an undisclosed amount. Microsoft announced the deal… Read More »
Refiners in Europe, US Refuse Extra Saudi Oil Despite Discount
Many refiners in Europe(Nyheter)(Nyheter) and the U.S. are refusing to take more Saudi crude being offered at cut-rate prices, according… Read More »
Morgan Stanley Commits to No Staff Layoffs This Year
Morgan Stanley said it won’t lay off employees this year, which is likely to be a tough one across Wall… Read More »
HSBC Delays Job Cuts to Cope with Virus
HSBC Holdings PLC has delayed plans to cut thousands of jobs because of the new coronavirus. In a memo to… Read More »
ViacomCBS’s Freefall Forces Parent to Give Up Borrowing Power
AViacomCBS Inc.’s parent company is losing some of its ability to borrow money at a time when its key revenue… Read More »
Nearly Two Dozen U.S. Sailors on Aircraft Carrier Test Positive for Coronavirus
The Navy confronted a mounting crisis at sea as least 23 sailors aboard an aircraft carrier in the Pacific Ocean,… Read More »