Business & Finance News
Oil prices fell on Tuesday on expectations that a well-supplied global market, including supplies from growing record U.S. production, would be able to absorb disruptions that have cut Libya’s crude production to a trickle.
Goldman Sachs Chief Executive David Solomon called WeWork’s abandoned initial public offering (IPO) a great example of the listing process working on Tuesday, even if was “not as pretty as everybody would like it to be”.
The bankrupt Philadelphia Energy Solutions is expected to sell its fire-damaged refinery site to real estate developer Hilco Redevelopment Partners, three sources familiar with the situation said on Tuesday.
Brazilian low-cost carrier GOL, which has 130 of Boeing’s grounded 737 MAX jets on order, expects to be flying the jet by April and hopes to secure a compensation deal within months, chief financial officer Richard Lark said on Monday.
Risk assets took a hit across the globe on Tuesday while the Japanese yen and some developed country bond prices gained as financial markets reacted to mounting concern about a new strain of flu-like virus in China.
New York City Transit expects subway cars recently built by Bombardier to return to service this week, after the estimated 300 cars were yanked earlier in the month because of safety concerns over the doors, agency president Andy Byford said on Tuesday.
Britain’s Sainsbury’s plans to cut hundreds of management jobs as it seeks to bring its main supermarket operation and its Argos general merchandise arm closer together, it said on Tuesday.
European luxury stocks slumped across the board on Tuesday on fears that the coronavirus virus outbreak in China could hurt sales of high-end brands that had managed to weather months of protests in Hong Kong.
U.S. stock indexes slipped on Tuesday as worries about the fallout from a deadly virus outbreak in China and a gloomy growth outlook from the IMF paused a record-setting rally on Wall Street.
Uber Technologies Inc on Tuesday said it is testing a feature that allows some drivers in California to set their own fares, hoping the change will help it show that its drivers are independent contractors rather than employees under state law.
Britain’s Sainsbury’s said on Tuesday it would cut “hundreds of management roles” across the business as it seeks to bring its main supermarket operation and its Argos general merchandise arm closer together.
Honda Motor Co will join on Tuesday a growing number of companies signing a White House pledge to boost U.S. job training opportunities.
A U.S. banking regulator fined Citibank N.A. $18 million for delays in purchasing mandatory flood insurance for properties where borrowers were located in flood-prone areas.
U.S. stocks opened lower on Tuesday, as worries about the fallout from a deadly virus outbreak in China and a gloomy growth outlook from the IMF stalled a record rally on Wall Street.
KFC on Tuesday apologized for an advertisement in Australia that shows two boys ogling a woman’s breasts, after calls from a local campaign group to boycott the fast-food giant over the ad it called “sexist”.
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