Remy Cointreau Sets New Targets as Profits Plunge

Remy Cointreau said it expects operating profits to fall 45%-50% in the first half of its new fiscal year, after its net result in 2020 fell by almost a third. 


 
Aston Martin Plans Job Cuts

Aston Martin plans to cut 500 jobs, around a fifth of its workforce, as part of a restructuring to restore profitability. 


 
HSBC Throws Support Behind China on Hong Kong Security Law

A top HSBC executive signed a petition supporting China's move to impose security legislation on Hong Kong, putting the bank squarely on the side of Beijing in the fight over the future of the territory. 


 
Huawei Risks Tougher Line From Britain After Latest U.S. Offensive

New U.S. restrictions imposed on China's Huawei have prompted British officials to consider steering telecom carriers away from its gear, according to people familiar with the matter-providing fresh momentum to Washington's anti-Huawei campaign. 


 
Chicken Industry Executives Indicted on Price-Fixing Charges

The CEO of one of the country's biggest chicken producers and three other industry executives were indicted on charges they conspired to fix prices on chickens sold to restaurants and grocery stores, the Justice Department's first charges in a continuing criminal antitrust probe. 


 
FedEx Adds New Delivery Fees to Manage Strain From Coronavirus

The delivery giant plans to impose surcharges on merchants with too many shipments and oversize packages, following a similar move by rival UPS. 


 
Snap Says It Won't Promote Trump's Snapchat Account

Social-media company Snap said it will no longer promote the Snapchat account of President Trump on its home page after finding that his public remarks could incite racial violence, a spokeswoman said. 


 
Walmart Goes Off Script at Annual Meeting

Executives at Walmart's annual shareholder meeting weighed in on topics ranging from race relations and the pandemic to out-of-stock products and the demand for puzzles. 


 
Westpac Says Money Laundering Breaches Due to Technology, Human Error

Westpac Banking said millions of breaches of anti-money-laundering finance laws were caused by technology shortcomings and human mistakes, but an internal investigation had not found intentional wrongdoing by any of its staff. 


 
Vocus Refinances Debt, Lowers Guidance

Vocus Group has refinanced about US$955 million in debt, and lowered the top end of its full-year earnings guidance range amid the impact of the coronavirus on the broader economy.