Walmart Sales Surge as Coronavirus Drives Americans to Stockpile
The company is reaping the rewards of being one of few retailers positioned to successfully navigate a global pandemic, reporting a surge in quarterly sales as consumers turned to its giant stores to stock up on food and household goods.
Home Depot Reports Higher Revenue Despite Coronavirus Impact
The company's revenue in the fiscal first quarter outpaced expectations of Wall Street analysts as the average customer transaction size rose by 11%.
Pier 1 Seeks to Wind-Down Operations
Pier 1 Imports said it is seeking bankruptcy-court approval to begin an orderly wind-down of its operations as soon as possible.
Sony to Acquire Full Control of Financial Unit for $3.7 Billion
Though little known outside Japan, Sony Financial Holdings is a significant presence in Sony's home country, offering life insurance, auto insurance and banking products such as foreign-currency accounts.
The Real Threat to Baidu's Health Isn't Covid-19
Baidu's business looks poised for a cyclical recovery but the long-term outlook is still dim.
Former Obama Antitrust Official Lays Out Possible Case Against Google
A former top antitrust economist in the Obama administration argued Monday that the Alphabet unit has used its powerful position in the digital advertising space to stifle competition.
Blackstone to Keep a Centric Brands Stake Under Chapter 11 Restructuring
Branded-apparel maker Centric Brands became the latest clothing company to go bankrupt due to the pandemic, filing for chapter 11 protection with plans to go private and preserve some of Blackstone's ownership stake.
Thyssenkrupp Speeds up Realignment
Thyssenkrupp is lumping together several businesses that have "no sustainable future prospects within" the group and combined account for roughly EUR6 billion in sales a year, as it speeds up restructuring plans.
Telecom Italia Slumps on Revenue Miss
Shares in Telecom Italia fell sharply after the company's first-quarter revenue came in below analysts' expectations, hit by shop closures due to the coronavirus lockdown.
Moderna Says Initial Covid-19 Vaccine Results Are Positive
Drugmaker Moderna said early results from the first human study of its experimental coronavirus vaccine gave a positive signal about the shot's ability to protect people, raising hopes that a weapon to slow or halt the pandemic could be on the horizon.
