With Impala Asset Management saying it will try and place two directors at Harley-Davidson Inc, America’s oldest and best-known motorcycle maker is facing a battle with one of its investors. Impala Asset Management, run by Robert Bishop, which owns 1.9… Read More ›
United States
Amazon Inc to hire 100,000 workers to meet surge in demand
With many consumers turning to the web to meet their needs during the Wuhan coronavirus outbreak in the United States, web giant Amazon.com Inc stated, it will be hiring 100,000 warehouse and delivery workers in the United States to deal… Read More ›
PG&E Corp wins approval for $23 billion bankruptcy turnaround plan
PG&E Corp, a power producer, stated, it has won an approval from a bankruptcy court to use up to $23 billion in financing after California Governor Gavin Newsom dropped his opposition to those financing commitments. According to its filing, the… Read More ›
Fast Retailing to close 50 Uniqlo clothing stores in the U.S. due to Wuhan coronavirus
On Tuesday, Japan’s Fast Retailing stated, it will be closing of its 50 Uniqlo clothing stores in the United States temporarily due to the Wuhan coronavirus outbreak. The move comes midst other retailers including Lululemon Athletica Inc, Nike Inc and… Read More ›
Canada ratifies USMCA trade deal
According to a top official from the Canadian government, the parliament has quickly ratified the new U.S.-Mexico-Canada (USMCA) trade pact even as it ramps up efforts to stop the spread of the Wuhan coronavirus. Canada was the last of the… Read More ›
U.S. response to coronavirus – payroll tax cuts, extension of tax deadline on the table: U.S. Senate Finance Committee Chairman Chuck Grassley
With WHO finally classifying China’s coronavirus as pandemic, U.S. Senate Finance Committee Chairman Chuck Grassley stated, a payroll tax cut was among the options being tabled to offset the economic impact of the coronavirus. “If you’re going to negotiate in… Read More ›
U.S. Administration looking at CalPERS holding in Chinese defense firms: U.S. national security adviser
The U.S. Administration is “looking at” investments made by the California Public Employees’ Retirement System (CalPERS) in Chinese military companies, said U.S. national security adviser Robert O’Brien. O’Brien’s comments come midst U.S. charges of massive Chinese espionage in the United… Read More ›
Tesla scouting for new U.S. Gigafactory in central U.S.
Testla Inc is looking for a new U.S. location to build its Cybertruck Gigafactory. In a tweet, Tesla’s Chief Executive Officer, Elon Musk said, he was looking for locations in the central United States to build the company’s new Gigafactory… Read More ›
Saudi Arabia’s price war on crude prices aims to punish Russia for not adhering to OPEC+ production cuts
On Monday, oil prices fell by nearly 30% after Saudi Arabia slashed oil prices and set plans for a significant increase in crude production from April. Following the Saudi move, oil prices fell by as much as a third after… Read More ›
JetBlue, United Airlines implementing spending cuts backed on reduced air travel demand
JetBlue Airways Corp and United Airlines Holdings Inc have cut down flights and have implemented cost controls measures in the wake of China’s coronavirus spreading in the United States depressing travel demand. In a letter to employees, United Airlines announced… Read More ›