Nike Inc's revenue could fall by a third in the fourth quarter, Cowen estimated, as the sportswear giant reels from store closures, supply disruptions and the suspension of this year's NBA season due to the coronavirus pandemic.
India plans to take advantage of low prices for oil from Saudi Arabia and the United Arab Emirates to top up its strategic petroleum reserves (SPR), two sources familiar with the matter said on Monday.
The U.S. Department of Health and Human Services, a key part of the federal response to the fast-spreading coronavirus outbreak, was hit by a cyberattack on Sunday night, prompting a response from the National Security Council, Bloomberg said on Monday.
The London Stock Exchange Group said on Monday it had gained approval from the U.S. Committee on Foreign Investment for its US$27 billion takeover of analytics firm Refinitiv, judging there were no national security concerns with the deal.
Lockheed Martin Corp said on Monday Marillyn Hewson will step down as chief executive officer, effective June 15.
A German supermarket chain called on Monday for students whose universities have shut due to the coronavirus crisis to help it refill its shelves after shoppers stockpiled many essential goods, known as "hamstering" in German.
Starbucks Corp has moved to a "to go" model in all its company-owned stores in the United States and Canada for at least two weeks to facilitate social distancing among customers amid the spread of coronavirus, the coffee chain said on Sunday.
When Japanese conglomerate Marubeni booked a loss of 3.9 billion yen (US$35 million) at its U.S. grain trader Gavilon in November, it blamed adjustments for "inappropriate transactions" with Italy and Spain.
Fiat Chrysler Automobiles (FCA) is halting production for two weeks at most of its European plants to help protect staff against the coronavirus pandemic and adjust to a slump in demand, the Italian-American carmaker said on Monday.
Airlines made unprecedented cuts to flights, costs and staffing on Monday, and stepped up calls for emergency government aid, as coronavirus lockdowns and new travel restrictions hit more major routes.
