Oil prices slipped in early trade on Thursday after California reimposed some coronavirus lockdown measures, stoking worries a resurgence in COVID-19 cases will stall a recovery in fuel demand.
REUTERS: Utility PG&E Corp said on Wednesday it had emerged from bankruptcy, marking an end to a long-drawn restructuring process which began after its equipment sparked some of the deadliest wildfires in California. The completion of bankruptcy proceedings sets up the embattled company to tap a ...
Novartis AG has agreed to pay US$678 million to settle a civil fraud lawsuit in which the U.S. government accused the Swiss drugmaker of illegally providing doctors with cash payments and other perks to induce them to prescribe its cardiovascular and diabetes drugs.
The Federal Aviation Administration said on Wednesday that it and Boeing completed certification test flights on the 737 MAX, a key milestone toward the plane's return to service.
McDonald's Corp plans to pause the reopening of its dine-in service by 21 days in the United States as the number of coronavirus cases rise in the country, according to a letter seen by Reuters.
NEW YORK: The S&P 500 and Nasdaq indexes closed higher on Wednesday (Jul 1) to kick off the third quarter as increasing optimism for a safe and effective COVID-19 vaccine eased concerns that another round of business lockdowns was likely. Pfizer Inc's shares rose more than 3 per cent after...
The Brazilian unit of Mercedes Benz said on Wednesday it has resumed a second shift in its factory located in Sao Bernardo do Campo, an industrial suburb of Sao Paulo, to increase social distancing among employees as sales begin to rise.
An advertiser boycott, “Stop Hate for Profit”, pushed Facebook to take a step forward by labelling rather than deleting some posts, says NTU’s Mark Cenite.
MEXICO CITY: A top Mexican exporters' group on Wednesday urged the government not to spook foreign investors after a number of disputes erupted over major projects in the run-up to the start of a new North American trade deal. Wednesday marked the entry into force of the United States-Mexico...
The U.S. Department of Justice on Wednesday said it was seeking forfeiture of another US$96 million in assets allegedly associated with the 1Malaysia Development Berhad (1MDB) international money-laundering conspiracy.
