American Airlines is moving ahead with 19,000 employee furloughs on Thursday, Chief Executive Doug Parker said in a memo to employees on Wednesday.
The US House of Representatives voted Wednesday to force companies to disclose products that come from China's Xinjiang region, in a new bid to stop what lawmakers say is widespread forced labor in the restive area.
With the Federal Reserve in the US signalling interest rates will stay close to zero for the next three years, borrowers in Singapore can expect lower SIBOR rates for longer, says OCBC’s Tan Siew Lee.
Joe Biden is better than Donald Trump for the economy – history, market sentiments and Biden’s clear economic agenda shows so, says Nouriel Roubini.
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.
