Business & Finance News
Tim Hortons China said Tuesday it received an investment from Chinese tech giant Tencent, as the Canadian coffee brewer seeks to expand in the Chinese market.
Hyatt Hotels Corp said late Monday it would restructure roles and lay off employees across its operations worldwide, which would impact about 1,300 staff, amid a virtual halt in global travel to curb the spread of the coronavirus pandemic.
Logitech International reported a 13.6% rise in fourth-quarter sales on Tuesday, as more people used its products while working from home due to the coronavirus crisis.
A federal judge in Montana on Monday upheld his ruling last month that canceled an environmental permit for the long-delayed Keystone XL oil pipeline and threatened other oil and natural gas pipeline projects with delays.
Boeing Co Chief Executive Dave Calhoun does not expect passenger traffic to reach even a quarter of its levels in September, creating the need for airlines to make “adjustments” as they weather the impact of the coronavirus pandemic.
Asian equities and oil prices were set to slip on Tuesday amid growing investor worries about a second wave of coronavirus infections after the Chinese city where the pandemic originated reported its first new cases since its lockdown was lifted.
Bitcoin slid on Monday in volatile trading, after it went through a technical adjustment that reduced the rate at which new coins are created, but the outlook remained upbeat as the increase in supply slows down.
U.S. President Donald Trump said on Monday he opposed renegotiating the U.S.-China “Phase 1” trade deal after a Chinese state-run newspaper reported some government advisers in Beijing were urging fresh talks and possibly invalidating the agreement.
United Airlines Holdings Inc said on Monday that starting next week it will notify passengers ahead of time if their flight is expected to be “closer to full capacity,” allowing them to re-book on a different flight or receive a travel credit.
Caesars Entertainment Corp missed quarterly revenue estimates on Monday as it shuttered its casinos amid nationwide lockdowns to contain the spread of the COVID-19 pandemic.
Tesla Inc Chief Executive Elon Musk on Monday said production was resuming at the company’s primary vehicle factory in California and asked to be the only one arrested as he defied local officials who said the plant should remain closed to curb the spread of the coronavirus.
Sandwich maker Potbelly Corp on Monday promised to reimburse activist shareholders’ expenses with stock not cash, creating a situation that lawyers call an outlier for now but which they said could find traction in tough economic times.
Bitcoin slid on Monday in volatile trading, after it went through a technical adjustment that reduced the rate at which new coins are created, but the outlook remained upbeat as the increase in supply slows down.
President Donald Trump on Monday said he is not in favor of the United States reopening negotiations with China on Phase 1 of a trade deal, which the two countries agreed on at the beginning of the year.
China’s Tencent Music Entertainment Group missed Wall Street estimates for quarterly revenue on Monday as the COVID-19 pandemic impacted the company’s social entertainment services business, sending its shares down 4.5% in extended trade.
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