Smithfield Foods Inc, the world's largest pork processor, said on Wednesday it would shutter two U.S. plants that process bacon and ham, after closing a separate hog slaughterhouse because of an outbreak of the coronavirus among employees.
J.C. Penney Co Inc said on Wednesday it will not make a $12 million interest payment on its long-term corporate bonds, a day after Reuters reported the department store operator was considering filing for bankruptcy protection.
Egypt's General Authority for Supply Commodities (GASC) set a tender on Wednesday to buy an unspecified amount of wheat from global suppliers for shipment from May 21 to June 5.
LATAM Airlines Group SA, Latin America's largest carrier, will need regional government support as it undertakes a coronavirus recovery process which could last up to two years, a company executive said on Wednesday.
Numerous major U.S. airlines are preparing to apply this week for a $25 billion U.S. government loan program after winning billions in federal payroll grants, people familiar with the matter said.
Numerous major U.S. airlines are preparing to apply this week for a $25 billion U.S. government loan program after winning billions in federal payroll grants, people familiar with the matter said.
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
Britain and the European Union agreed dates for three, week-long negotiating rounds to reach a post-Brexit deal on their future relationship, a joint statement said on Wednesday, with a high-level review of progress in June.
American Airlines Group Inc Chief Executive Doug Parker told CNBC on Wednesday that the $10.55 billion it will receive in federal grants and loans should be "more than sufficient" to cover its financing needs, assuming a gradual recovery in demand by the end of the year.
Indian airline Vistara has negotiated a reduction and deferment of payments to some suppliers to conserve cash, the airline's CEO said in an internal memo, after the government extended India's lockdown to contain the coronavirus.
Oil traders have become increasingly sceptical about whether the global oil supply deal finalised on Sunday will be enough to prevent a large accumulation of excess petroleum for the rest of this year.
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
Brazilian airline Azul SA said on Wednesday it has hired restructuring firm Galeazzi & Associados to work with the carrier "during this period of crisis."
The board of South America's largest carrier, LATAM Airlines Group, plans to suspend a $57 million dividend payment tied to the company's 2019 profits to preserve cash to weather the new coronavirus crisis, it said on Tuesday night.
Last time when prices at the pump were so low—about four years ago—it was heaven for drivers. Now, with lockdowns across most states, it is anything but: gasoline may indeed be cheap, but nobody is driving.
India has agreed to sell hydroxychloroquine tablets to Malaysia for use in the treatment of COVID-19 patients, a Malaysian minister told Reuters on Wednesday, with New Delhi partially lifting its bar on exports of the anti-malarial drug.
Brazilian airline Azul SA has hired restructuring firm Galeazzi & Associados to renegotiate its financial and suppliers' debt, Brazilian newspaper O Estado de S. Paulo reported on Wednesday.
Iran expects to produce 14 million tonnes of wheat by March 2021, President Hassan Rouhani said on Wednesday, adding that the coronavirus outbreak had not hit its farm sector and Iranians did not need to worry about food supplies.