Jack Ma's Fintech Giant Ant to Drop 'Financial' From Its Name
China's largest financial-technology company is rebranding itself to emphasize the tech rather than the finance, after earlier drawing scrutiny from regulators.
Virus Cash Needs Prompt Firms to Rethink Investments
Large companies have swiftly sold big positions in other firms after the coronavirus pandemic sparked a scramble for cash and caused them to rewrite their investing playbooks.
Coronavirus Changed Everything. Except T.J. Maxx.
The retailer is as focused as ever on drawing shoppers to its stores, betting consumers are desperate to roam the aisles after months of being stuck at home.
Chinese Energy Company Defaults on Dollar Bonds
Hilong Holding, a provider of oil-field services and equipment, said it wouldn't be able to repay holders of a maturing dollar bond-the latest offshore default by a Chinese borrower.
Accenture Looks to Boost AI Capabilities Through Mergers
Accenture has been making targeted acquisitions of artificial-intelligence software and service companies to strengthen its AI consulting business.
Wirecard's Missing $2 Billion Probably Doesn't Exist, Board Says
The more than $2 billion that banks were supposedly holding on behalf of Wirecard probably doesn't exist, the German financial-technology company said.
Telia Reshuffles Following Turkish Exit
Telia has made several executive changes as it renews its focus on Nordic and Baltic markets following the firm's exit from Turkey.
Court Rejects Vivendi's Appeal Against Mediaset Plan
A court in Milan has rejected an appeal by Vivendi and asset trust Simon Fiduciaria against Mediaset's plan to merge its Italian and Spanish operations
China Halts Some Tyson Chicken Shipments Over Covid-19
Chinese authorities suspended chicken imports from a Tyson Foods facility due to what Chinese officials said were Covid-19 infections among the plant's employees.
Apple's WWDC Goes Virtual, and Tech Industry Is Taking Note
Apple's Worldwide Developers Conference, which starts Monday, is the latest tech conference to shift to an online-only format as companies rethink networking and engagement during the coronavirus crisis.
