U.S. will allow oil companies to lease space in emergency reserve
Oil ‘could go considerably lower’: The Schork Report publisher The Schork Report Publisher Stephen Schork discusses his outlook for the oil markets. NEW YORK/WASHINGTON - The […]
HDFC Bank’s Aditya Puri calls for rate cut
The MD also seeks relaxation in asset classification in view of COVID-19 Aditya Puri, the managing director of HDFC Bank, has called for interest rate […]
Costco Buys Innovel Solutions From Transform Holdco For $1 Bln – Quick Facts
Transform Holdco or TFCO announced Tuesday that Costco Wholesale Corp. (COST) has acquired Innovel Solutions, its middle mile and final mile delivery and installation business, […]
Coronavirus | Following large scale air travel restrictions most global airlines will go bankrupt by May 2020, says CAPA
Centre for Asia Pacific Aviation said coordinated government and industry action is now needed “if catastrophe is to be avoided” With over 145 countries affected […]
News Analysis | Why oil prices are crashing
Prices crashed by almost 50% this year, from $66 a barrel on December 31, 2019 to the current levels, primarily driven by lack of demand. […]
Silicon Labs To Buy Redpine Signals’ Connectivity Business For $308 Mln In Cash
Silicon Laboratories Inc. (SLAB) announced Thursday that it has entered into a definitive asset purchase agreement to acquire Redpine Signals’ Wi-Fi and Bluetooth business, development […]
Campbell’s says millennials really like their tomato soup
Campbell Soup Co. says it can thank millennials and their taste for tomato soup for its latest earnings results. The iconic soup company posted better-than-expected […]
Curaleaf Enters Colorado Market With BlueKudu Acquisition
Massachusetts-based cannabis company Curaleaf Holdings Inc. said it will acquire BlueKudu, a Colorado-based producer of premium cannabis chocolates and gummies. Financial terms of the deal […]
BASF profit and sales fall as it warns of coronavirus impact
BASF SE said Friday that net profit and sales for the fourth quarter fell, and it warned of the negative effects of the coronavirus for […]
Square gives upbeat earnings forecast as stock rises
Shares of Square Inc. were up more than 5% in aftermarket trading Wednesday after the payments company posted better-than-expected results for the fourth quarter and […]
Facebook’s evolving status: From apologetic to candid
Mark Zuckerberg’s change in status from apologetic to candid has been slowly morphing before our eyes and ears for some time. And as the social-networking […]
PG&E CEO blames past management for safety failures
SAN FRANCISCO — PG&E Corp. CEO Bill Johnson blamed negligence by the company’s past management for a cascade of catastrophes that killed nearly 140 people […]
Disney CEO Bob Iger steps down; company veteran Bob Chapek takes reins
Walt Disney Co. Chief Executive Bog Iger abruptly stepped down Tuesday, sending shock waves throughout Hollywood, Wall Street and Silicon Valley. Bob Chapek, who has […]
Baby Yoda and Barbie signal opportunity for Mattel
Mattel Inc. sees opportunity in soft, stuffed “plush” toys, a $2.4 billion category that’s currently occupied by the blockbuster Baby Yoda doll, which was the […]
Tesla stock hit hard by coronavirus fears and broad market selloff
Tesla Inc. stock fell more than 7% Monday amid a broad equity selloff triggered by fears the spread of the COVID-19 virus might tip the […]
Sprint, T-Mobile tweak merger terms to give Deutsche Telekom bigger stake
Sprint Corp. S, -0.11% and T-Mobile US Inc. TMUS, -0.99% have agreed on new terms for their merger, as the wireless carriers race to close […]
Feel-good story surrounding MS Westerdam docking in Cambodia takes turn after passenger tests positive for coronavirus
PHNOM PENH, Cambodia (AP) — The feel-good story of how Cambodia allowed a cruise ship to dock after it was turned away elsewhere in Asia […]
Rain causes postponement of Daytona 500 race after ballyhooed Trump visit
DAYTONA BEACH, Fla. (AP) — The Daytona 500 has been postponed by rain for the first time since 2012, dampening Nascar’s season opener that started […]
Mark Zuckerberg again calls for Big Tech to be regulated, even if it’s bad for business
Facebook Inc.’s Mark Zuckerberg is once again calling for more regulation of Big Tech, even if it affects his company’s bottom line. That’s what Facebook’s […]
Spread your risks
The central government has raised the insurance for deposits in banks, as proposed in the Budget 2020-21. What has changed? The central government has raised […]
Bharti to make ₹10,000 crore part payment in AGR dues by February 20
Promises to clear remaining dues ‘well before’ March 17, the date of next hearing Bharti Airtel on Friday committed to deposit a part payment of […]
Royal Bank of Scotland profit rises, but bank scales back returns target
Royal Bank of Scotland Group PLC on Friday reported an increased profit for the fourth quarter of 2019, but trimmed its medium-term returns target. The […]
Nvidia shocks Wall Street with surging data-center sales
Nvidia Corp. saw a huge turnaround at the end of a rough year, powered in large part by a surge in sales of its graphics […]
Colin Kaepernick: ‘I want to tell the story’ behind taking the knee
Colin Kaepernick is ready to tell his story. The former San Francisco 49ers quarterback hasn’t given many interviews in the four years since he became […]