Container Shipping Line CMA CGM Says Data Possibly Stolen in Cyberattack
CMA CGM said some of its data may have been stolen after a malware attack that forced the global container line to shut down its main booking platform, delay cargo deliveries and halt electronic communications with clients and customs authorities.
Shell to Cut Up to 9,000 Jobs
Royal Dutch Shell said it would cut up to 9,000 jobs in a broad restructuring, as the energy giant grapples with the ongoing fallout of the pandemic.
At Calvin Klein and Tommy Hilfiger, New CEO Adapts to Shopping Now
Incoming PVH Chief Executive Stefan Larsson will be charged with guiding the company's fashion brands out of the pandemic and into what he calls retailing's "new normal."
Consortium to Buy Blackstone's Stake in U.K. Insurer
Singapore sovereign-wealth fund GIC and Massachusetts Mutual Life Insurance have agreed to buy Blackstone Group's stake in a U.K.-based insurer.
Digital News Startup Axios Weathers Covid-19
The company is on target to make a profit this year with its sponsored newsletters despite the economic turmoil stemming from the coronavirus that led to broad layoffs and pay cuts at many media outlets.
China Evergrande Quells Cash-Crunch Worries With Investor Show of Support
China's most-indebted property developer, China Evergrande, averted a near-term cash crunch, sending its shares and bonds sharply higher Wednesday-a surprising turnaround from less than a week ago.
Seven Airlines Close Billions of Dollars in Loans With Treasury
The U.S. Treasury said it has closed loans to seven passenger airlines and joined with the industry to call on Congress to extend more aid to prevent massive job cuts later this week.
Boeing to Move All 787 Dreamliner Production to South Carolina
Boeing will set plans this week to consolidate 787 Dreamliner assembly in South Carolina, people familiar with the matter said, ending production of that jetliner in Washington state.
NextEra Energy Made Takeover Approach to Duke Energy
NextEra Energy recently made a takeover approach to Duke Energy, according to people familiar with the matter, testing the waters for what would be a $60 billion-plus combination of two southern utilities.
Silver Lake Launches New 25-Year Investment Strategy Backed by Mubadala
Abu Dhabi sovereign-wealth fund Mubadala Investment Co. is making an investment in Silver Lake and contributing $2 billion to help the technology-focused private-equity firm launch a new long-term strategy.
