Occidental Petroleum Corp is offering its employees voluntary buyouts over the next two weeks, according to a document seen by Reuters on Tuesday, citing the sharp decline in oil prices and the coronavirus pandemic for "severe dislocations" in its business.
Hedge fund Mudrick Capital Management LP asked Neiman Marcus Group's independent directors on Tuesday to explore a combination with rival department store chain Saks Fifth Avenue, challenging the company's plan to reorganize under bankruptcy protection.
Las Vegas Sands said in a statement on Wednesday it has ended its plans to open an integrated resort (IR) casino in Japan.
Airlines and airports are recommending a layered approach to temporary safety measures as air travel restarts, warning that no single measure can mitigate all of the risks during the pandemic, according to a briefing document seen by Reuters.
More than a hundred shoppers waited in line to enter a store of French luxury brand Chanel in Seoul on Wednesday, as they rushed to buy products in the hope of beating price increases expected to kick in later in the week.
Stocks and oil prices fell on Wednesday as fears about a second wave of coronavirus infections gripped financial markets.
Hedge fund manager Stanley Druckenmiller told the Economic Club of New York that he was skeptical of the stocks right now.
While the coronavirus has millions of Americans on edge worrying about the threat of disease, it also has many stressed from the economic fallout triggered by the pandemic. Top of mind: not having enough savings, losing a job and the inability to pay debts. Here are some tips on how to cope, according to mental health and financial experts.
Oil prices fell on Monday as concern over a persistent glut and economic gloom caused by the coronavirus pandemic combined to cancel out support from supply cuts at some of the world's top producers.
Central bankers who have spent a generation researching how their words influence the economy and honing the craft of "forward guidance" are now effectively tongue-tied by a health crisis that has no clear destination yet to guide households and investors toward.
Chinese direct investment in the United States dropped to the lowest level since 2009 last year amid bilateral tensions, and the COVID-19 pandemic will continue to weigh on investment flows between the world's two biggest economies, according to a report.
Now might be the best time to start thinking about setting up a new venture, according to entrepreneurs and venture investors.
Asian shares followed Wall Street higher on Monday as investors looked ahead to more countries restarting their economies, even as some reported an unwelcome pick up in new coronavirus cases.
As bitcoin investors brace for a long-awaited technical adjustment that will halve new supply of the cryptocurrency, the coronavirus pandemic has cast uncertainty over the expected rally that has historically accompanied such events.
LafargeHolcim's deal to sell its Philippines business, valued at $2.15 billion, has failed after the country's competition authority did not give approval in time.