Asana Inc was valued at more than US$4 billion in its New York Stock Exchange debut on Wednesday, after the workplace software maker went public through a direct listing rather than a traditional initial public offering.
REUTERS: Marathon Petroleum Corp , the largest U.S. oil refiner, said it would lay off about 2,050 employees, or 12per cent of its workforce, at its U.S. operations, excluding Speedway, as the COVID-19 pandemic crushed global demand for motor fuels. The workforce reduction plan is a result of ......
The U.S. Federal Reserve will curb big bank capital distributions through the end of the year, meaning the likes of JPMorgan, Citi, Wells Fargo and Bank of America will be barred from share buybacks and will have to cap dividends into the new year.
HP Inc agreed to pay a US$6 million fine to settle U.S. Securities and Exchange Commission charges it misled investors by failing to disclose the impact of sales practices it used to meet quarterly sales and earnings targets, the regulator said on Wednesday.
Former United Auto Workers President Dennis Williams on Wednesday pleaded guilty to trying to embezzle union funds.
Marathon Petroleum Corp's oil-refining unit is cutting at least 6per cent of its white-collar staff, according to people familiar with the matter, demonstrating the depth of declining fuel demand during the pandemic.
Alphabet Inc's Google on Wednesday launched Google TV, which would show content from popular streaming services including Netflix Inc and Walt Disney Co's Disney+.
TikTok must become a "US based company controlled by US investors" or will be banned in the United States, Treasury Secretary Steven Mnuchin said Wednesday.
Shares of Palantir Technologies, the US data analytics firm known for its work with the Central Intelligence Agency and other government bodies, jumped 38 per cent in their market debut on Wednesday (Sep 30), valuing the company at nearly US$22 billion.
The U.S. antitrust case against Alphabet Inc's Google will spotlight two lawyers better known for behind-the-scenes counseling: Justice Department attorney Ryan Shores, who is putting together the case, and Google executive Kent Walker, who is calling the shots on the search engine company's ...
