Texas Governor Greg Abbott said on Tuesday that he spoke with Elon Musk, the chief executive of Tesla Inc , in recent days about a potential move of the company's electric vehicle assembly plant to the Lone Star state.
Hedge fund Mudrick Capital Management LP asked Neiman Marcus Group's independent directors on Tuesday to explore a combination with rival department store chain Saks Fifth Avenue, challenging the company's plan to reorganize under bankruptcy protection.
SAN FRANCISCO: Work messaging app Slack suffered an outage on Wednesday morning (May 13). Slack on its website reported slightly before 8am (Singapore time) that users were experiencing timeouts and difficulties sending messages, and that it is "working to get things back to normal as quickly as ...
Occidental Petroleum Corp is offering its employees voluntary buyouts over the next two weeks, according to a document seen by Reuters on Tuesday, after the company said last week it was looking at several options to shore up its impaired balance sheet.
Asian equities were set to pull back on Wednesday as heightened concerns about coronavirus infections and the timing for a vaccine outweighed the lift from rebounding oil prices and upbeat corporate earnings in Europe.
U.S. businesses and households are going to need more fiscal support to get through what will likely be a longer period of recovery from the coronavirus shutdown than initially expected, Federal Reserve policymakers said on Tuesday.
SINGAPORE: For courier David Lee, who has to leave his house daily to deliver items, hygiene products are invaluable during the COVID-19 “circuit breaker” period. Both he and his wife work in essential services, which means that their two daughters have also been travelling to school to be under ...
The world faces a gradual but prolonged delinking of trade and investment, which would add to the secular headwinds already facing the global economy, says Mohamed A El-Erian.
There are emerging examples of employers here laying off staff on “disguised retrenchments”, says employment and labour lawyer Amarjit Kaur.
SINGAPORE's position as a financial centre backing trade flows in emerging Asia speaks to the urgency of securing ample access to the greenback here, amid global dollar tightness in recent months.
