Markets

J.C. Penney Co Inc said on Wednesday it has entered an asset purchase agreement with Brookfield Asset Management Inc , Simon Property Group and a majority of the company's first lien lenders.

A California court on Wednesday denied an application for a temporary restraining order by the state's Uber Technologies Inc drivers, saying the drivers could not establish the alleged "political coercion" by the ride-hailing company.

WASHINGTON: A US Senate hearing to reform an Internet law and hold tech companies accountable for how they moderate content quickly turned into a political scuffle as lawmakers not only went after the companies but also attacked each other. Lawmakers are split on ways to hold Big Tech accountable ......

MAINBOARD-LISTED United Overseas Insurance (UOI), the general insurance arm of UOB, saw its net profit shrink by 42 per cent to S$15.2 million for the nine months ended Sept 30, from S$26.1 million a year ago.

WASHINGTON: Apple has accelerated work to develop its own search engine that would allow the iPhone maker to offer an alternative to Google, a Financial Times report said on Wednesday (Oct 28). The report, citing unnamed sources, said signs of the search engine technology have begun to appeal in ......

Samsung Electronics Co Ltd said on Thursday it expects profits to fall in the current quarter after posting its highest operating profit in two years for the third quarter.

There is a high risk the resurgence in coronavirus cases halts the global economic recovery by year-end, according to Reuters polls of around 500 economists, a majority of whom expected the rebound next year to be weaker than previously thought.

Asian stocks were set to join a global sell-off on Thursday as worries about surging coronavirus cases in Europe and the United States sent investors scrambling for safe-haven assets.

Exxon Mobil Corp on Wednesday kept its fourth-quarter dividend flat at 87 cents a share, signaling 2020 will be the first year since 1982 that the U.S. oil producer has not raised its shareholder payout.

NEW YORK: Wall Street stocks plunged on Wednesday (Oct 28) on rising worries about coronavirus lockdowns as France and Germany announced tough new restrictions and US cases continued to climb. The Dow Jones Industrial Average slumped 3.4 per cent, or more than 940 points, to 26,519.95. The broad ...