Virgin Atlantic, the airline founded by British businessman Richard Branson, filed Tuesday for protection in U.S. bankruptcy court as it tries to survive the virus pandemic that is hammering the airline industry. The airline made the Chapter 15 filing...
The U.S. government will quickly investigate the circumstances surrounding Eastman Kodak Co's announcement of a $765 million (585.31 million pounds) government loan to make drugs at its U.S. factories, President Donald Trump said on Tuesday. The company's shares closed...
Ford Motor CEO and President Jim Hackett will unexpectedly retire in the midst of an $11 billion restructuring plan that has failed to impress investors. Hackett, 65, will be succeeded by his heir apparent, Jim Farley, Ford’s chief operating...
Google and ADT have announced, "a long-term, strategic partnership" that will see Google invest $450 million in ADT and the two companies combine their smart home and home security lineup. Google says the two companies will work together to "create the next...
Energy giant BP reported a significant loss for the second quarter on Tuesday, after downgrading the value of some of its assets on expectations of lower commodity prices. Second-quarter underlying replacement cost profit, used as a proxy for net...
U.S. stock futures traded near the flatline early Tuesday morning after the major averages logged in sharp gains to start the new month on Monday. Dow Jones Industrial Average futures were hovering at about 11 points. S&P 500 traded...
Lord & Taylor, the oldest department store in the U.S., has filed for Chapter 11 bankruptcy on Sunday, according to a report by Bloomberg. The department store has about $137.9 million of debt obligations, the report says.
Oil prices fell on Monday on oversupply concerns as OPEC and its allies wind back production cuts in August and a rise in worldwide COVID-19 cases points to a slower pick-up in fuel demand. Brent crude futures slid 26...
Asian shares were mixed on Monday as investors eyeballed surging coronavirus cases in the region. U.S. Secretary of State Mike Pompeo’s weekend comments that President Donald Trump plans to take action on a what he sees as a broad...
Results of a private survey on Monday showed China’s manufacturing activity expanded for the month of July — the fastest pace in nearly a decade, according to records. The Caixin/Markit manufacturing Purchasing Managers’ Index (PMI) came in at 52.8 for...
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