April 15, 2020

UK fashion retailer Oasis Warehouse group falls into administration

British fashion brands Oasis and Warehouse have fallen into administration, threatening over 2,000 jobs and joining a growing list of store groups pushed over the edge […]
April 15, 2020

Oil prices fall after record U.S. crude storage build

Oil prices sank on Wednesday after the United States reported a 19 million-barrel increase in inventories, the biggest weekly build ever, while forecasts showed global demand […]
April 15, 2020

UnitedHealth maintains 2020 outlook, but warns of potential COVID-19 impact

UnitedHealth Group Inc on Wednesday reaffirmed its financial targets for the year, but cautioned it was uncertain of the impact of elective procedures being postponed by […]
April 15, 2020

U.S. retail sales, factory output sink as economy reels from coronavirus

U.S. retail sales suffered a record drop in March and output at factories declined by the most since 1946, buttressing analysts’ views that the economy contracted […]
April 15, 2020

Indian airline Vistara defers payments to some suppliers: internal memo

Indian airline Vistara has negotiated a reduction and deferment of payments to some suppliers to conserve cash, the airline’s CEO said in an internal memo, after […]
April 15, 2020

Best Buy to furlough 51,000 hourly U.S. store employees

Best Buy Co Inc said on Wednesday it would furlough about 51,000 hourly U.S. store employees and that its sales dropped about 5% in the first […]
April 15, 2020

Wall St. tumbles on gloomy economic data, bank earnings

Wall Street’s main indexes slid 2% on Wednesday, as a record drop in retail sales and dour first-quarter earnings reports lent weight to forecasts for the […]
April 15, 2020

Amazon may close French warehouses after court restrictions

Amazon said on Wednesday it may temporarily close its warehouses in France after a court ordered the e-commerce giant to limit deliveries in the country to […]
April 15, 2020

Goldman Sachs profit halves on mounting loan loss provisions

Goldman Sachs Group Inc reported a 49% fall in quarterly profit on Wednesday, as the bank put aside nearly $1 billion to meet future loan defaults […]
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