Neiman Marcus Owners to Hand Over Part of MyTheresa to Creditors
The bankrupt retailer's private-equity backers agreed to relinquish part of the MyTheresa online business they took over in 2018, clinching a settlement with creditors and clearing a big hurdle for Neiman's exit from chapter 11.
ESG Insights - Coronavirus: Office Workers Set For Long-Haul Logins at Home
The Wall Street Journal's ESG research analysts saw positive implications for Google, Nordea, European utilities, BMW and Deutsche Bank, while the outlook for JBS and the coal industry was more negative.
Big Oil Companies Lose Billions, Prepare for Prolonged Pandemic
Big oil companies endured one of their worst second quarters ever and are positioning themselves for prolonged pain as the coronavirus pandemic continues to sap global demand for fossil fuels.
Drop in Travel Hurts Airlines: Earnings at a Glance
Airlines reported financial results that were dragged down by a slump in travel because of the Covid-19 pandemic.
EU Approves Acquisition of Bombardier by Alstom
The European Commission said it has cleared the acquisition by Alstom of Bombardier's train unit under certain conditions, after Alstom proposed divesting some assets in response to the Commission's concerns.
Under Armour, Like Rivals, Hit by Pandemic Store Closures
Athletic apparel brand said sales declined significantly in the second quarter because of the coronavirus pandemic but weren't as bad as the sportswear retailer was expecting.
Colgate-Palmolive Signals Party Almost Over for Consumer Staples
Makers of household goods have been among the biggest winners during the coronavirus crisis, but Colgate-Palmolive's quarterly results suggest the gains may be easing.
Caterpillar Prepares for Prolonged Sales Hit
Caterpillar said its revenue in the U.S. dropped more than 40% in the second quarter, and that demand from final customers fell around 22%. The company said it expects a similar decline for its third quarter.
Fintech Varo Money Gets Rare Green Light to Become Bank
Financial-technology firm Varo Money said it had received a national bank charter, clearing the final hurdle in its quest to become a bank
Fiat Chrysler Swings to Loss, Adding Pressure Ahead of Peugeot Deal
The results raised pressure on the Italian-American car maker to improve its performance or risk a renegotiation of the terms of its merger with Peugeot maker PSA Group.