April 27, 2020

Exclusive: Investors to challenge Neiman Marcus bankruptcy loan, push for sale – sources

An investor group that comprises investment firm Mudrick Capital Management LP and Daniel Loeb’s hedge fund Third Point LLC plans to challenge a $600 million financing […]
April 27, 2020

U.S. economy faces historic shock, with 16% joblessness possible, Trump adviser says

The shuttering of the U.S. economy due to the coronavirus pandemic is a shock of historic proportions that will likely push the national unemployment rate to […]
April 27, 2020

Oil falls as crude in U.S. storage nears all-time high

Oil prices fell on Monday on signs that worldwide oil storage is filling rapidly, raising concerns that production cuts will not be fast enough to catch […]
April 27, 2020

Investors bet on testing, treatments for restart of U.S. economy

Investors are pinning their hopes for the reopening of the U.S. economy on the potential for wider availability of testing for COVID-19 cases and on drug […]
April 27, 2020

Amazon tests screening new merchants for fraud via video calls in pandemic

Amazon.com Inc is piloting the use of video conference calls to verify the identity of merchants who wish to sell goods on its websites, in a […]
April 27, 2020

Asia shares edge ahead, eyes on BOJ easing

Asian shares inched higher on Monday ahead of a busy week for earnings and central bank meetings, with much chatter the Bank of Japan (BOJ) will […]
April 27, 2020

Airbus warns staff on jobs with its ‘survival at stake’

European planemaker Airbus issued a bleak assessment of the impact of the coronavirus crisis, telling the company’s 135,000 employees to brace for potentially deeper job cuts […]
April 26, 2020

U.S. will cap how much each bank can lend under emergency coronavirus program: memo

The U.S. government will cap how much each bank can lend under the emergency loan program designed to keep workers on payrolls amid the coronavirus pandemic, […]
April 26, 2020

After betting its future on Boeing, jetmaker Embraer scrambles for elusive plan B

Brazilian planemaker Embraer SA has been thrust into an uncertain future with no immediate plan B, while not ruling out seeking a bailout after Boeing Co […]
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