Two Suitors Compete to Scoop Brooks Brothers Out of Bankruptcy
A battle is brewing for control of Brooks Brothers, with at least two apparel ventures looking to take over the bankrupt clothing retailer, according to people familiar with the matter.
German Biotech Sees Covid Vaccine Ready for Approval by December
BioNTech, which has partnered with Pfizer to develop a coronavirus vaccine, is confident it will be ready to seek regulatory approval by the end of the year, its chief executive said. Several hundred million doses could be produced even before approval, and over 1 billion by the end of 2021.
Food Delivery's Next Meals Won't Come Cheap
Investors who are hungry for near-term price rationalization in the industry could get smoked.
What's Been Good for PCs Has Been Great for Google
The personal-computer industry finally got its work-from-home boost. And a good bit of help from the kids.
Starbucks to Require Customers to Wear Masks
Starbucks will require customers in the U.S. to wear masks at company-operated stores starting next week, a decision that comes as new coronavirus cases rise sharply in parts of the country.
Harley-Davidson to Cut 13% of Global Workforce
The motorcycle maker's restructuring plan, including about 700 job cuts, will result in costs of about $42 million in the second quarter.
PC Sales Surge, Boosted by Homebound Workers
Personal-computer sales rebounded in the June quarter, driven by higher demand from workers and students forced to study and work remotely amid the coronavirus pandemic.
Carlsberg Updates Forecasts
Carlsberg forecast a 12% fall in first-half revenue, with operating profit seen down 8.9% on lower volumes but said its performance in Western Europe had improved.
Prudential Reprices Some Insurance Products as Lower Rates Weigh on Profits
Prudential Financial planned for a pandemic as severe as the Spanish flu, modeling for a potential crisis that would be more severe than the initial coronavirus outbreak suggested. This prepared the company for some of the financial shocks, such as the difficulty in preserving capital, but not the ultralow interest rates.
Germany Probes Possible Money Laundering by Wirecard Executives
German prosecutors are looking into possible money laundering by executives at Wirecard, adding to probes related to potential fraud and fake accounting at the insolvent payments firm.