Activist investor Starboard Value boosted its stake in ACI Worldwide Inc to 9per cent, according to a regulatory filing made on Monday that helped push the payment systems company's stock up more than 3per cent in afterhours trading.
With private sector confidence depleted and the struggle to contain the virus far from over, the risks of long-lasting economic scarring are on the rise, says an observer.
With sales down and unemployment on the rise, individuals and businesses are turning to loans. Outside of banks, some companies have also stepped up to offer loans to their customers or merchants. Money Mind explores why these companies are willing to take on the risks.
Demand for green bonds is expected to continue gaining in traction albeit a dip during the COVID-19 pandemic, as companies place more emphasis on responsible investing and the environment. Money Mind reports.
General Motors Co is expected to announce on Tuesday significant investments to expand production of electric vehicles at a factory in Spring Hill, Tennessee and potentially other sites.
International Business Machines Corp edged past Wall Street estimates for quarterly revenue on Monday, bolstered by higher demand for its cloud computing services from companies speeding up their digital shift due to the coronavirus pandemic.
Unions representing over 10,000 Disney theme park workers have told California Governor Gavin Newsom that the Disneyland Resort in Anaheim, California, can safely reopen when its location moves into the state's "orange tier" of COVID-19 test positivity and adjusted case rate.
BMW on Monday said rebounding markets helped the German carmaker to deliver higher-than-expected free cash flow in the automotive segment during the third quarter.
It will be a while before the U.S. economy is fully recovered and before the Federal Reserve will raise interest rates or remove the support it is providing financial markets, Atlanta Federal Reserve Bank President Raphael Bostic said on Monday.
Verizon said on Monday it has struck deals with Microsoft and Nokia to improve the telecoms giant's ability to target business customers by offering clients the ability to automate factory floors, lower costs and speed up data traffic through private 5G networks.
