Kroger Posts Stronger Sales, Profit Amid Coronavirus Pandemic
Kroger, the biggest U.S. supermarket operator, reported a surge in sales as consumers bought more groceries to eat at home during the coronavirus pandemic.
Payments Giant Wirecard's Shares Plunge on $2 Billion Audit Deception
Shares in troubled payments company Wirecard crashed after the company again delayed publication of its 2019 annual report because its auditor said it had been deceived over evidence of $2.1 billion in cash balances.
JD.com Stock Gains on Hong Kong Debut
JD.com shares rose on their first day of trading in Hong Kong, as the Chinese e-commerce company completed a secondary listing to coincide with its flagship annual sales event.
Taubman Centers Fights Simon Property's Effort to Terminate Deal
Mall owner Taubman Centers is fighting to retain the $3.6 billion deal it had with Simon Property Group, arguing that the coronavirus pandemic doesn't allow buyers to walk away because they no longer like the deal they made.
U.S. Files Charges Against Chinese Mask Manufacturer
Federal prosecutors accused a Chinese manufacturer of selling 140,000 defective masks to a U.S. distributor, the latest case brought against a company for allegedly selling substandard products amid the pandemic.
Saudi Arabia's Sovereign Wealth Fund to Invest $1.49B in Reliance's Jio Platforms
Saudi Arabia's sovereign wealth fund Public Investment Fund has agreed to invest 113.67 billion rupees ($1.49 billion) in Jio Platforms, joining the list of big multinational firms seeking a pie in the Indian telecommunications giant.
Google Sets Hiring Goal to Advance Black Executives
Google announced a new hiring goal to dramatically boost the number of black executives at the search giant.
Insurer AmTrust Reaches Civil Settlement With SEC
AmTrust and its former chief financial officer agreed to pay $10.5 million to settle allegations they failed to fully disclose how they estimated losses from insurance claims.
T-Mobile Names New CFO to Continue Sprint Integration
T-Mobile's accounting chief, Peter Osvaldik, will take over as chief financial officer on July 1. Longtime finance chief Braxton Carter is retiring.
Siemens Gamesa Appoints New CEO
Siemens Gamesa said it has appointed Andreas Nauen as its new chief executive and cautioned that it expects to report a third-quarter loss due to the coronavirus.
