Kohl's Corp said on Monday it would extend the duration of store closure, and fully draw down on its US$1 billion revolving credit facility to control damages from the coronavirus pandemic.
The head of the U.S. Securities and Exchange Commission said on Monday that it should not ban short-selling of shares, amid speculation on further measures the agency might take to arrest a market rout that stems from fears the coronavirus will spark a global recession.
Credit card issuer American Express Co will freeze hiring and avoid job cuts this year in response to the coronavirus pandemic, Bloomberg news reported on Monday, citing a video message to employees from Chief Executive Officer Steve Squeri.
Luxury kitchenware company Williams-Sonoma Inc and its Pottery Barn unit have agreed to stop making unsubstantiated "made in America" claims and to pay US$1 million, the Federal Trade Commission said on Monday.
LONDON: Oil prices plunged on Monday (Mar 30) to an 18-year low as the number of novel coronavirus cases worldwide surged past 700,000, reinforcing worries about the impact of the pandemic on the global economy. US and European stock markets moved higher despite the prospect of much of the...
Europe's Airbus is grappling with labor and supply chain shortages and may only be able to restore aircraft production to some 10-20per cent of normal levels for now because of partial shutdowns, industry and union sources said.
Microsoft Corp said on Monday its video calling platform Skype saw a 70per cent jump in usage in March from a month earlier, as more people shift to working from home amid the coronavirus pandemic.
Finland's center-left government on Monday gave its blessing to majority state-owned Fortum's strategy to cut emissions, but promised to push the company further towards carbon neutrality, the minister in charge wrote.
Macy's Inc said on Monday it would furlough most of its 130,000-strong workforce starting this week as all of the company's stores have been temporarily shut due to the coronavirus pandemic.
Saudi Arabia said on Monday it will raise its oil exports to a record 10.6 million barrels per day starting from May despite a global supply glut, escalating a price war with Russia.
