EBay Inc on Monday named Walmart executive Jamie Iannone as its top boss, handing over the reins to an outsider as the e-commerce firm deals with pressure from activist investor Starboard Value to shake up its management.
McDonald's Corp has been hit with a class action lawsuit accusing it of subjecting female employees in its corporate-owned fast-food restaurants in Florida to widespread sexual harassment.
Worldwide oil producers, led by OPEC, are expected to cut production by roughly 20 million barrels per day (bpd), roughly equal to 20per cent of global daily supply, through a combination of mandated cuts, production falls due to poor economics, and purchases into oil reserves.
MOSCOW: The global oil production deal clinched at the weekend will help to establish a price floor and help to save millions of jobs in the United States, senior Russian officials said on Monday (Apr 13). Having been in a stand-off with western nations - most notably the United...
WASHINGTON: President Donald Trump said on Monday it was his decision when to reopen the U.S. economy, not that of state governors. "It is the decision of the President, and for many good reasons. With that being said, the Administration and I are working closely with the Governors, and...
NEW DELHI: India and Pakistan are planning to partially reopen their economies to minimise the cost of restrictive measures imposed to halt the spread of the novel coronavirus, officials in the two countries said on Monday (Apr 13). Indian Prime Minister Narendra Modi said on Twitter he will ......
U.S. stock index futures declined more than 1per cent on Monday after a strong rally last week, with investors bracing for the earnings season for further evidence of the coronavirus-led damage to Corporate America.
REUTERS: Amazon.com Inc said on Monday it plans to hire 75,000 more people for jobs ranging from warehouse staff to delivery drivers as coronavirus epidemic kept Americans locked in their homes. (Reporting by Munsif Vengattil in Bengaluru; Editing by Maju Samuel)
Toyota Motor Co on Monday said it was suspending auto production in its Brazil plants until at least June 22, joining General Motors Co which also expects to resume production in the same month.
General Electric Co said on Monday it used part of the US$20 billion in proceeds from the sale of its biopharma business to cut debt.
