Johnson & Johnson Discontinues Talc-Based Baby Powder In US And Canada After Mounting Lawsuits
Johnson & Johnson said Tuesday that it is discontinuing its talc-based baby powder in the United States and Canada as demand…
Year: 2020
Kohl’s Expects Sales For Women’s Apparel To Remain Weak, Exits Jennifer Lopez And Other Women Brands
Kohl’s Corp (KSS.N) said the coronavirus crisis would have a material impact on results this year as it removed eight…
Lufthansa Expects Hundreds Of Aircraft To Be Grounded Until 2022
Lufthansa is bracing for hundreds of aircraft to remain grounded due to the coronavirus pandemic well into 2022 and that…
Workers Hit McDonald’s With Class Action Lawsuit Over COVID-19 Safety
Five McDonald’s (MCD.N) workers in Chicago filed a class action lawsuit against the chain on Tuesday, accusing it of failing…
Facebook To Launch New Shopping Feature Across Apps
Facebook Inc (FB.O) is launching Shops, a service that will allow businesses to display and sell products on the world’s…
Over 4 Million Americans Are Now Skipping Mortgage Payments
Fewer Americans are calling their mortgage servicers to ask for relief from mortgage payments, but the housing industry isn’t out…
Nigeria: Blue-Chip Firms Dominate As Investors Gain N37bn
Transactions on the floor of the Nigerian Stock Exchange on Monday halted marginal negative sentiment witnessed last Friday to begin…
Mitsubishi Motors To Cut Costs After Slump In Annual Profit
Mitsubishi Motors Corp (7211.T) will focus on cutting fixed costs by 20% or more in the next two years after…
Investors Show Little Faith In ‘Bear Market Rally’
A majority of investors believe the global stock market rally will swing into reverse, with a second wave of coronavirus…
Low Oil Demand Faces Further Threat From Electric Vehicles
Oil companies may be facing uncertainty as the coronavirus pandemic triggers a collapse in demand for their products, but auto…
How Post-Pandemic Office Spaces Could Change Corporate Culture
By now it’s very clear that the coronavirus pandemic will change the way we work in offices — perhaps indefinitely. Less…
Walmart’s Same-Store Sales Rise 10%, Online Revenues Surge
Walmart Inc’s (WMT.N) first-quarter U.S. comparable sales rose 10% and the retailer reported a 74% rise in online revenue on…
Oil Production Cut Will Deepen Nigeria’s Recession, Says Fitch
A global credit ratings agency, Fitch Ratings, has said Nigeria’s compliance with the oil production cut deal led by the…
Nasdaq To Tighten Listing Rules, Restricting Chinese IPOs
Nasdaq Inc (NDAQ.O) is set to unveil new restrictions on initial public offerings (IPOs), a move that will make it…
Coronavirus: UK Jobless Claims Increased By 70% in April
The number of people claiming unemployment benefits in the U.K. soared in April, as the coronavirus outbreak created mass job…
Huawei Says New US Sanctions Puts Its Survival At Stake
Huawei has warned that its survival is at stake following the US government’s latest efforts to cut the Chinese company…
SoftBank Values WeWork At $2.9 billion, Down From $47 Billion A Year Ago
SoftBank Founder and CEO Masayoshi Son said Monday he was “foolish” for his firm’s multibillion investment in WeWork. His comment in an…
Are Oil Prices Rising Too High Too Soon?
Oil prices have rallied significantly, rising $10 in two weeks as markets are increasingly convinced that global demand for crude…
Germany, France Propose 500 Billion-Euro EU Economic Recovery Fund
The leaders of Germany and France proposed Monday a 500 billion-euro ($543 billion) recovery fund for European economies hit by…
SoftBank Is Selling Parts Of Its T-Mobile Stake In A Secondary Offering
SoftBank is selling part of its stake in T-Mobile through a secondary offering, CNBC’s David Faber reported Monday. Morgan Stanley and Goldman Sachs will underwrite the…
Uber Cuts 23% Of Its Workforce, To Focus On Ride-Hailing And Food Delivery
Uber Technologies Inc (UBER.N) will concentrate on its core businesses in ride-hailing and food delivery and cut 23% of its…
Japan Slips Into Recession As Coronavirus Takes Toll
Japan has fallen into recession for the first time since 2015 as the financial toll of the coronavirus continues to…
Nigeria: FG Refineries Suffer N19bn Loss In Two Months
The refineries owned by the Federal Government recorded a total loss of N18.96bn in the first two months of this…
Nigeria: President Buhari Extends Gradual Ease Of Lockdown By Two More Weeks
The Federal Government, on Monday, said the recent order of the President, Major General Muhammadu Buhari (retd.), on gradual ease…
UK Aims To Roll Out 30 Million Doses Of Coronavirus Vaccine By September
The U.K. could roll out 30 million doses of a Covid-19 vaccine as early as September, according to the British…
Jack Ma Quits SoftBank’s Board As Its Vision Fund Posts A Record $18 billion Loss
Alibaba founder Jack Ma is stepping down from the board of SoftBank after the company’s Vision Fund posted record-breaking losses…
Ryanair To Cut Up To 3000 Jobs
Ryanair is negotiating pay cuts, unpaid leave and up to 3,000 job losses with its employees and trade unions, as coronavirus…
Workers Who Still Have Their Jobs Are Happier But Working Harder
Since Covid-19 shelter-in-place orders came into effect in the U.S. in mid-March, the workforce has undergone a complete transformation. Remote work has…
Outdoor Furniture Sales Grow As Customers Prepare For A Summer At Home
With the travel industry crushed by the coronavirus pandemic, it’s more than likely that people will be staying close to…
NIgeria: FG Impounds British Aircraft In Lagos, Begins Investigation
The Federal Government on Sunday impounded an aircraft belonging to a British company, FlairJet for operating commercial flights into the…