Luckin Coffee, a Starbucks rival in China, said Saturday it will delist from the Nasdaq following a massive fraud scandal that sent its share price plummeting.
U.S.-based Carlyle Group Inc has agreed to buy a 20per cent stake in India's Piramal Enterprises Ltd's pharmaceutical businesses for about US$490 million, the companies said in a statement on Saturday.
Delta Air Lines said late on Friday it will soon send warning notices to about 2,500 pilots regarding possible furloughs at the airline, as the industry takes a huge blow after the coronavirus pandemic slashed air travel demand.
Four major automakers will not take a position on legal challenges to the Trump administration's decision to dramatically weaken Obama-era fuel economy standards but want to weigh in on any court fix, according to a document seen by Reuters.
The U.S. Department of Homeland Security sent a letter to chief executives of five large tech companies asking them to ensure social media platforms are not used to incite violence in the wake of nationwide protests following George Floyd's death.
Wells Fargo & Co employees will be working from home till at least Sept. 7 due to the coronavirus pandemic, Bloomberg reported on Friday.
The COVID-19 outbreak has taken a huge toll on the jobs market around the world, with many businesses slashing headcounts and freezing hiring. But some sectors are still actively hiring, despite the pandemic. Money Mind reports.
JAKARTA: Fisherman Iwan, who like many Indonesians goes by one name, has been in the industry for the last 10 years. Mr Iwan was born and raised in Natuna islands at Indonesia’s outermost area near the South China Sea, which is rich in fishery resources. Despite an abundance of fishes...
Bar and restaurant owners in Texas and Florida were fuming on Friday after state officials abruptly slapped new restrictions on their businesses due to a spike in new COVID-19 cases.
NEW YORK: Wall Street stocks sank on Friday (Jun 26) as surging coronavirus cases prompted large US states to impose new public health restrictions, threatening the economic recovery following widespread business shutdowns. The Dow Jones Industrial Average plunged 2.84 per cent, or 730.05 points ...
