Atlanta home improvement retailer Home Depot misses profit as pandemic cost weighs

20-05-2020
On Tuesday, The Home Depot Inc., the No. 1 home improvement company in the United States headquartered on Atlanta Store Support Centre, Georgia, reported a 10.7 per cent drop at its net earnings to $2.25 billion or $2.08 per share over Q1, 2020

Arkansas retailer Walmart Inc. reports record surge in US online sales

20-05-2020
On Tuesday, the 19th of May 2020, Bentonville-based Walmart Inc. had reported a record surge in US online sales over its first quarter of the year that ended on April 30th, beating the Wall St. estimates for both quarterly revenue and earnings

Asian stocks slump; gold and oil offer brace

20-05-2020
Nikkei, however, managed to buck the Wednesday morning trend slightly

Wisconsin retail chain Kohl's reopens half of its stores, reports online sales surge

20-05-2020
On Tuesday, the 19th of May 2020, Kohl’s Corp., the Wisconsin-based American retailer and departmental store chain operator with holdings at 1,158 locations across the United States, had missed an analysts’ estimate for both profits and revenues

Huawei block-out brings in alligators as Beijing vow to guard Chinese firms’ interest

19-05-2020
On Sunday, as an inevitable consequential repercussion of a recent Washington rules aimed at barring Huawei Technologies’ access into the global semiconductor market, China’s Commerce Ministry said in a statement that it firmly opposed the latest US mo

Emirates to slash 30% of workforce as pandemic weighs on operational cost

19-05-2020
The Emirates Group, Dubai’s state-owned multinational aviation holding company headquartered in Garhoud, employing over 105,000 workers across the globe to date, had been exploring an option to phase out as many as 30,000 jobs

Burbank’s Disney to reopen shopping area at Florida resort on March 20

19-05-2020
Late on Saturday, Walt Disney Co., said in a statement that the 97-year-old R & R, beer-and-skittles incorporated in LA, would partially reopen its Florida Disney Springs shopping complex on March 20

SoftBank’s Vision Fund reports $18 billion in losses in ‘valley of pandemic’

19-05-2020
On Monday, the 18th of May 2020, Japanese investment conglomerate, SoftBank Group Corp. reports a stabbing $18 billion in losses at its $100 billion Vision Fund, forcing the SoftBank CEO and founder Masayoshi Son to stomach a record loss

Texas-led US State attorneys to sue Google on critical antitrust issue

18-05-2020
A perspicacious bunch of US State Attorney Generals led by Texas have been working out a lawsuit against the Alphabet Inc.-owned world’s No. 1 internet service provider, Google LLC. over potential antitrust issue

California officials reject subsidies for Musk’s SpaceX over Tesla spat

18-05-2020
On Friday, a California state panel had rejected a request from Tesla Chief’s space venture SpaceX for a total of $655,500 in state training funds and jobs, citing Tesla Inc.’s latest threats to move its e-vehicle manufacturing HubSpot out of the state

Texas departmental store chain JC Penney files for bankruptcy protection

18-05-2020
On Friday, the 15th of May 2020, JC Penney Co. Inc., the Plano, Texas-based luxury departmental store chain having operational in 846 locations in the United States alongside Peurto Rico, had filed for a chapter 11 bankruptcy protection

Amazon says ‘appropriate’ exec. to be available as US panel calls in Bezos to testify

17-05-2020
On Friday, Amazon.com Inc. said that the company would represent an “appropriate” executive to testify over an allegation reported in a Wall Street Journal post later last month

Beijing to put Apple, other US companies in unreliable entity list after Huawei block

16-05-2020
On Friday, Chinese Global Times newspaper, a mouthpiece for the leaders of China’s ruling centre-left party, had revealed in a report that Beijing was working out a move to put a swathe of US companies in an “unreliable entity list”

Taiwan’s TSMC to build $12-billion Arizona Chip plant as US-China rivalry escalates

16-05-2020
On Friday, the 15th of May 2020, the Taiwanese Semiconductor industry leader, TSMC (Taiwan Semiconductor Manufacturing Co. Ltd.) said in a statement that the company was brewing off a plan to build a $12 billion mega-factory in Arizona

Menlo Park’s Facebook to purchase New York’s Giphy, to integrate with Instagram

16-05-2020
On Friday, the 15th of May 2020, the Menlo Park, CA-based social networking behemoth, Facebook Inc. said in a blog post that the company was going to take over Giphy, a New York-based popular website that makes and shares animated images or GIFs.

Washington to cut Huawei off from global chip suppliers as Beijing eyes retaliation

15-05-2020
On Friday, the US President Donald Trump alongside his administration had unveiled a new rule to bar sales of semiconductors manufactured by using US technology to the world’s No. 1 telecom gear maker Huawei Technologies

Germany’s Thyssenkrupp, Italy’s Fincantieri in talks to form warship champion

15-05-2020
Essen-based Thyssenkrupp has been brewing off a swathe of strategic options for its warship unit ranging from a 50-50 merger with the Italian shipbuilder Fincantieri to hauling up a national heavyweight with other German peers

Apple supplier AMS stocks dive after capital raise proposal

15-05-2020
On Wednesday, the 13th of May 2020, shares’ prices of AMS AG had nosedived as much as 11 per cent following reveal of a media headline that the Austrian sensor maker had been seeking authorization for a fresh capital raise

Pandemic clouds US-China trade deal, says Trump

14-05-2020
Earlier on Thursday, the 14th of May 2020, the US President Donald Trump said that he had been very disappointed with China, the world’s second-largest economy, due to the country’s failure to contain the pandemic outbreak

US Senate blocks bid to limit surveillance on Americans’ internet habit

14-05-2020
On Wednesday, the 13th of May 2020, the US Senate had narrowly averted an amendment bill which in effect could have barred law enforcement agencies from gathering intel on American nationals’ internet habit without issuing a warrant

California county, Tesla's Musk reach deal to reopen US plant next week

14-05-2020
On Wednesday, top officials of the Californian country said in a statement that the Palo Alto, CA-based e-vehicle industry pioneer Tesla Inc. and the officials of the Californian country had reached an accord to resolve an acrimonious impasse

Swedish truck maker Volvo dumps dividend payment as Q1 net sales slide 16%

14-05-2020
On Tuesday, the Gothenburg-based Swedish multinational manufacturer of high-end trucks, buses and construction equipment, the Volvo Group had issued a statement saying that the company would suspend its proposed dividend pay offs for 2019

Washington reports all-time high $738 billion budget deficit in April

14-05-2020
On Tuesday, the 12th of May 2020, the US Treasury Department had issued a statement saying that the world’s No. 1 economy’s budget deficit had spiked to a jawdropping $738 billion on record last month

California’s Twitter to let employees work from home permanently, halts travel

13-05-2020
On Tuesday, the 12th of May 2020, Twitter Inc., the 14-year-old San Francisco, CA-based American microblogging and social networking tycoon, said in a statement that it was going to enable some of its employees to work remotely for an indefinite period

Californian ride-hailing pioneer Uber approaches GrubHub takeover, shares snowball

13-05-2020
Uber Technologies Inc., the San Francisco, CA-based American multinational ride-sharing pioneer had been in an advanced stage talk to takeover an Illinois, Chicago-based online food delivery company GrubHub in an all-stock deal