Rayban maker EssilorLuxottica said on Thursday it has rejigged an executive power sharing arrangement put in place when the company was created by a merger in 2018, promoting two internal managers to the top executive roles.
With time running out on a loan program that had seen little use so far, U.S. small- and mid-sized businesses are tapping into the Federal Reserve's Main Street Lending Program at a record pace.
Microsoft was hacked as part of the suspected Russian campaign that has hit multiple U.S. government agencies by taking advantage of the widespread use of software from SolarWinds Corp, according to people familiar with the matter.
Twitter is planning to create a new type of account for bots next year that will identify them as automated, the company said in a blog post on Thursday finalizing plans for a reboot of its long-paused verification program.
The U.S. Securities and Exchange Commission sued Decision Diagnostics Corp and its chief executive for allegedly misleading investors by promising the biotechnology company could test for COVID-19 with a finger-prick of blood and provide accurate results in less than one minute.
Wall Street's three main indexes closed at record highs on Thursday as investors grew more optimistic about a coronavirus stimulus bill, helping markets look past signs of economic strain brought on by the COVID-19 pandemic.
THE Monetary Authority of Singapore (MAS) will again extend its US$60 billion swap arrangement with the US Federal Reserve through Sept 30, 2021. In turn, the MAS USD Facility will also be extended till then, offering up to US$60 billion of funding to banks, to facilitate lending to...
The International Monetary Fund said on Thursday said its steering committee has chosen Swedish Finance Minister Magdalena Andersson as the panel's chair, returning a European to the role for the first time in more than 12 years.
U.S. delivery firm FedEx Corp on Thursday said quarterly profit almost doubled after rate hikes and spiking volume helped lower the cost of delivering pandemic-fueled e-commerce purchases to residential addresses.
The US energy secretary on Thursday (Dec 17) signed an order prohibiting electric utilities that supply critical defence facilities from importing certain power system items from China, in an effort to protect US security from cyber and other attacks.
