Sporting goods retailer Modell's Sporting Goods filed for Chapter 11 protection in the U.S. bankruptcy court in New Jersey on Wednesday, citing a challenging retail environment.
Leading U.S. bank executives in a meeting with President Donald Trump at the White House said banks are strongly capitalized and prepared to help small businesses and American consumers weather the coronavirus outbreak.
Private equity firm Blackstone Group Inc is asking companies it controls to draw down their credit lines to avoid liquidity crunch, a Bloomberg reporter tweeted on Wednesday, citing people familiar with the matter.
WASHINGTON: U.S. passenger railroad Amtrak said on Wednesday that bookings had plunged 50per cent since the coronavirus outbreak and that it now expected significant service reductions and losses of hundreds of millions of dollars. Amtrak Senior Vice President Stephen Gardner told employees in a ...
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Activist investor Starboard Value LP has nominated a minority slate of directors to eBay Inc's board, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
Delta Air Lines Inc said on Wednesday it was extending the suspension of all flights between the United States and China from April 30 to May 31 due to the coronavirus outbreak.
WASHINGTON: The office of California Attorney General Xavier Becerra will not appeal a court's decision that a merger of wireless carriers Sprint Corp and T-Mobile US Inc may go forward, it said on Wednesday (Mar 11). The notice said the state reached a settlement with the companies but did...
WASHINGTON: White House officials met Wednesday with US technology industry officials to discuss tech-related response efforts to the coronavirus outbreak and ways for government to collaborate with the private sector. US Chief Technology Officer Michael Kratsios discussed the planned release of a ...
BANGKOK: Thailand’s Commerce Ministry on Wednesday (Mar 11) filed a complaint against the Alibaba backed e-commerce platform Lazada after investigations found that surgical masks were being sold at excessively high prices, a senior official said. The country, which has 59 confirmed coronavirus ...
