Markets

A RECORD high of 96 non-financial companies have entered the "crossover zone" - the credit ratings closest to the line between speculative grade and investment grade - by the end of the first quarter of this year.

NEW YORK: Wall Street stocks finished almost flat on Thursday (Apr 23) as oil prices bounced again, while the US reported another bruising round of jobless claims as a result of widespread coronavirus shutdowns. The Dow Jones Industrial Average retreated from gains earlier in the trading session ...

SAN FRANCISCO: Expedia on Thursday (Apr 23) appointed a new chief executive and said it would raise US$3.2 billion to ride out the devastating slump in the travel industry linked to COVID-19. The online travel booking service will also furlough workers, and its board and top executive will forgo...

Intel Corp forecast current-quarter revenue above analysts' estimates on Thursday, as lockdown orders globally fueled demand for its data center chips that power internet-based services.

REUTERS: Facebook Inc has removed "pseudoscience" as an option for advertisers who want to target audiences, a category available until this week even as the world's largest social media network vowed to curb misinformation about the COVID-19 pandemic. The company eliminated this category from its ...

Toyota Motor Corp said on Thursday it expects to gradually resume North American production starting May 4 and will impose significant new safety procedures after it halted operations in March because of the coronavirus pandemic.

WASHINGTON: A stunning 26.5 million Americans have sought unemployment benefits since mid-March, confirming that all the jobs gained during the longest employment boom in US history have been wiped out as COVID-19 savages the economy. The deepening economic slump amid nationwide lockdowns to ...

General Motors Co on Thursday won preliminary U.S. court approval of a US$120 million settlement with owners who said defective ignition switches caused their vehicles to lose value.

The Federal Communications Commission voted unanimously on Thursday to adopt new rules to open a new chunk of spectrum for Wi-Fi use as the number of devices is expected to rapidly increase.

Dish Network Corp, which vowed to build a 5G network by 2023 to take on the big three U.S. telecommunications giants, said on Thursday it is working with software company Mavenir to build its next-generation wireless network.