Markets

WASHINGTON: ABC News, a Walt Disney Co unit, has sacked senior executive Barbara Fedida after an independent investigation alleged she had made racially insensitive comments and used inappropriate language, according to a company email. Fedida also managed in a rough manner and would not return to ...

CHICAGO: Southwest Airlines told employees on Monday (Jul 20) that 16,895 of its roughly 60,900 workforce have volunteered for long-term separation or early retirement deals, according to a message from Chief Executive Gary Kelly that was shared with Reuters. US airlines, which received a US$25 ...

The Nasdaq powered to another record on Monday (Jul 20) behind strong gains by Amazon, Microsoft and other tech giants ahead of earnings reports in the coming days.

Asian shares were set to open higher on Tuesday after U.S. markets gained ground on positive data from trials of three potential COVID-19 vaccines and hopes that the European Union would finalize a recovery fund.

WASHINGTON: The US Commerce Department on Monday (Jul 20) added to its economic blacklist 11 Chinese companies implicated in what it called human rights violations in connection with China's treatment of Uighurs in Xinjiang.  The department said the companies were involved in using forced labor by ...

Uber will defend its business model on Tuesday at Britain's Supreme Court in a battle over rights in the workplace that could have ramifications for millions of Britons earning a living in the gig economy.

Messaging apps like Slack splinter communication when companies need it more now than ever, says the Financial Times’ Pilita Clark.

J.C. Penney Co Inc said on Monday certain lenders had agreed to accept a business plan on certain conditions as the department-store operator looks to emerge from bankruptcy protection.

A unit of UBS has agreed to pay more than US$10 million to resolve charges it circumvented the priority given to retail investors in certain municipal bond offerings, the U.S. Securities and Exchange Commission said on Monday.

The US Commerce Department on Monday announced it has blacklisted 11 Chinese businesses for involvement in human rights violations against the Uighur minority, cutting off the firms' access to American goods.