REUTERS: J.Crew Group Inc said on Tuesday it expects to emerge from Chapter 11 in early September, after a bankruptcy court accepted is restructuring plan. The plan, approved by a Virginia federal court, will equitize over US$1.6 billion of secured debt, and provide for US$400 million in asset ......
Northern Dynasty Minerals Ltd shares fell more than 25 per cent on Tuesday on rising doubts the company can clear regulatory hurdles for its Pebble Mine project in Alaska, and prominent politicians said it would harm the state's salmon fishing industry.
Two affiliates of Honda Motor Co have agreed to pay US$84.2 million to settle a probe by most U.S. states into their use of Takata airbags, which compromised the safety of Honda vehicles, according to a consent order made public on Tuesday.
OTTAWA: Canada is the only member of the Five Eyes intelligence-sharing network that has not formally blocked Huawei from 5G networks, but it has effectively done just that, delaying a decision long enough to force telecom companies to exclude the Chinese gear maker. The strategy allows Canada to ......
JOHANNESBURG: Standard Chartered is suing South Africa's Land Bank to recover debts, Land Bank said on Tuesday, after the state-owned agricultural lender defaulted on repayments for debt worth 50 billion rand (US$2.97 billion) in April. South Africa's Treasury said in June it would inject 3 ...
SEATTLE: Boeing Co said on Tuesday it aims to redo its unmanned Starliner crew capsule flight test to the International Space Station before year-end or in January, depending on when it completes software and test hardware production development. If the test mission is successful, Boeing and NASA ...
General Dynamics Corp said on Tuesday its joint venture along with Spanish defense contractor Santa Bárbara Sistemas had won a contract worth US$870 million for wheeled combat vehicles from the Spanish Ministry of Defense.
Facebook Inc said on Tuesday it plans to launch its news service in the United Kingdom, Germany, France, India and Brazil in the coming months, after having introduced the feature in the United States last year.
Sales of new US single-family homes increased to their highest level in more than 13.5 years in July as the housing market continues to show strong immunity to the COVID-19 pandemic, which has plunged the economy into recession and thrown tens of millions of Americans out of work.
U.S. bank profits were down 70per cent from a year prior in the second quarter of 2020 on continued economic uncertainty driven by the coronavirus pandemic, a regulator reported Tuesday.
