More than 300 Chinese companies are seeking bank loans totaling at least 57.4 billion yuan ($8.2 billion) to help to soften the impact of the coronavirus outbreak, two banking sources said.
A U.S. district judge is expected to rule in favor of allowing Sprint and T-Mobile to merge, over the objections of a group of state attorneys general, according to two sources familiar with the matter.
Asian share markets looked set for another cautious session on Tuesday as investors tried to judge how quickly China’s factories could return to work as the coronavirus continues to spread and deaths mount.
Saks Fifth Avenue owner Hudson’s Bay Co on Monday named a president to lead its off-price business, known as Saks Off 5th, the latest example of a department store chain trying to bolster its outlet stores.
A U.S. district judge is expected to rule in favor of allowing Sprint and T-Mobile to merge, according to sources familiar with the matter.
(Bloomberg) — The U.S. yield curve is flirting with another broad-based inversion, reigniting Wall Street fears over the fate of the American economy.A growing chorus of voices is being swayed by another notion: the signal might say more about the state of the world than the U.S. business cycle.Treasuries now make up more than half of the world’s haven assets, double the share they accounted for during the global financial crisis, according to Eurizon SLJ Capital. That complicates matters when the spread between long- and short-term yields inverts: what used to be a reliable American recession indicator is instead an …read more […]
A U.S. district judge is expected to rule in favor of Sprint and T-Mobile merger, the Wall Street Journal reported on Monday, citing people familiar with the matter.
(Bloomberg) — T-Mobile US Inc. is poised to win court approval for its $26.5 billion takeover of Sprint Corp., according to a person with knowledge of the matter, advancing a deal that will reshape the wireless industry.U.S. District Court Judge Victor Marrero is expected to rule as soon as Tuesday, said the person, who asked not to be identified discussing the case. States led by New York and California failed to show the combination of the third- and fourth-largest U.S. wireless carriers would harm consumers by raising prices.The judge’s office informed both sides of the decision earlier Monday, said the …read more […]
President Donald Trump’s 2021 budget released on Monday proposed a sale of 15 million barrels of oil from the emergency petroleum reserve to help pay for projects overseen by the Department of Energy.
U.S. District Judge Dolly Gee in Los Angeles said that while the companies had proven they could suffer a degree of irreparable harm as a result of the law, the potential risks to them were less important than the public interest in setting a living wage and regulating employment. The 24-page decision is a blow to the employers of the so-called gig economy which had hoped to stop a bill that will make it harder for them to classify their workers as independent contractors rather than employees. Postmates said in a statement that Gee’s decision was merely procedural …read more […]
A U.S. judge on Monday rejected a request by Uber Technologies Inc and courier services provider Postmates Inc to block a California labor law from taking effect, saying the bill’s public benefits outweighed the companies’ concerns.
The U.S. Transportation Department’s Office of Inspector General said on Monday it will audit Federal Aviation Administration pilot training requirements for U.S. and foreign air carriers after two deadly crashes of Boeing’s 737 MAX.
Caterpillar reopened most of its facilities in China on Monday after getting the go-ahead from the local government following the coronavirus outbreak, the company said.
A business dispute between the disgraced billionaire Batista brothers in Brazil and the heir to an Indonesian pulp and paper fortune is throwing a wrench in meatpacker JBS SA’s plans to list its international operations in the United States.
President Donald Trump’s 2021 budget proposed $150 million for the creation of a U.S. uranium reserve as the administration seeks to help struggling producers of the fuel for nuclear power reactors.
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