Car Makers Lost $250 Bln in Sales to Pandemic
The auto sector was one of the hardest hit but manufacturers such as Volkswagen, Toyota and Ford are hoping for a coming boost from pent-up demand.
Coca-Cola Plans Layoffs, Offers Buyouts to U.S. Staff
Beverage giant is offering initial voluntary-separation packages to about 4,000 employees in the U.S., including Puerto Rico, and Canada.
SoftBank to Sell $14 Billion Stake in Telecom Unit
Billionaire Masayoshi Son's SoftBank Group said it would sell a $14 billion chunk of its Japanese mobile unit, adding to a string of asset sales aimed at bolstering the company's debt-laden balance sheet.
Bet on Papa John's Shaq-Assisted Rebound
Papa John's comparable sales were up 24% year over year in North America and 23% overseas in the four weeks through Aug. 23.
Norwegian Air Is at the Mercy of the Elements
The trans-Atlantic highflier said it would need more cash for the beginning of next year, but cannot easily sell its planes.
Old Navy and Athleta Save Gap, Again
Gap has managed to almost double its e-commerce revenue. What hasn't changed is the lagging performance at its namesake brand and Banana Republic.
Cruise Ships Cautiously Resume Sailing in Europe After Deadly Outbreaks
Ships are sailing below capacity and there are no buffets. To minimize the risk of infections, some operators say all passengers must be tested before boarding.
Tesla Bulls Bet Big Ahead of Stock Split
A dizzying rally in the electric auto maker's shares has led to a quintupling of the stock this year and made Tesla one of the most valued U.S. companies. It has also unleashed a burst of options activity tied to the stock jumping even higher.
Insight Backs Internship Program Focused on Diversity
Gainsight, a software company backed by Insight Partners, is forming a partnership aimed at bringing greater diversity to an increasingly important role in the software and technology industries: customer success associates.
U.S. Announces Deal With Abbott Laboratories for Rapid Covid-19 Tests
The Trump administration unveiled a $750 million deal to buy 150 million rapid Covid-19 tests from Abbott Laboratories, a move that would substantially expand the nation's capacity for rapid testing.
