FedEx Corp on Tuesday issued its second warning on fiscal 2020 profit after quarterly earnings fell sharply on lackluster global trade and the end of its relationship with Amazon.com, the world's top online retailer.
Utility PG&E Corp's $13.5 billion settlement with victims of California wildfires got some encouraging words from a U.S. bankruptcy judge on Tuesday, and the company's stock rallied as it gained momentum to emerge from bankruptcy in June as planned.
"We're at 20-year lows for our prices right now," said Tim McGreevy, CEO of the USA Dry Pea & Lentil Council.
An associate producer on CBS current affairs TV show "60 Minutes" filed a lawsuit on Tuesday alleging gender discrimination and retaliation by the U.S. company after she said she complained about inappropriate conduct by her male boss.
The boards of French carmaker PSA , the owner of Peugeot, and Fiat Chrysler (FCA) in separate meetings on Tuesday approved a binding agreement for a $50 billion merger, sources said.
Wall Street's major indexes inched higher on Tuesday, extending their record-setting rally, as strong housing and manufacturing data bolstered investors' confidence in the U.S. economy.
PG&E Corp said on Tuesday it submitted a multi-party settlement agreement related to the 2017 and 2018 wildfires in Northern California to the California Public Utilities Commission (CPUC).
Asian stocks took a breather at 18-month peaks on Wednesday having climbed for five straight sessions, while the British pound was licking its wounds as revived Brexit fears came back to bite it.
Shared workplace operator WeWork said on Tuesday it has arranged a $1.75 billion letter of credit with Goldman Sachs that is in the process of being syndicated and whose funds are expected to be available in January.
British American Tobacco (BAT) must stop advertising its e-cigarettes from any public account on Instagram, including influencers' accounts, the UK's advertising watchdog ruled on Wednesday.
Boeing Co's decision to suspend aerospace's biggest production line exposes contrasts in the U.S.-dominated 737 MAX supply chain, severely straining some niche machine shops while giving engine giants time to iron out their own wrinkles.
PG&E Corp said on Tuesday it submitted a multi-party settlement agreement related to the 2017 and 2018 wildfires in Northern California to the California Public Utilities Commission (CPUC).
FedEx Corp on Tuesday issued its second warning for fiscal 2020 profit as it spent heavily to launch Sunday delivery in time for the holidays, the continued tariff fight restrained global trade, and it grappled with fallout from its breakup with Amazon.com.
An associate producer on the CBS current affairs TV show "60 Minutes" filed a lawsuit on Tuesday alleging gender discrimination and retaliation by the company after she complained about inappropriate conduct by her boss.
A U.S. bankruptcy judge approved on Tuesday PG&E Corp's $13.5 billion settlement with victims of Californian wildfires, and the company's stock rallied as the utility gained momentum to emerge from bankruptcy in June as planned.