Bed Bath & Beyond Inc. (NASDAQ:BBBY) will close permanently around 200 stores in the next two years as its quarterly sales declined by 50%. However, in April and May, the company indicated that online sales grew over 100% as customers stocked up home décor supplies. Bed Bath to shut 200...
In the past two years, Citigroup Inc. (NYSE:C) added over 20 onshore capital markets bankers in Saudi Arabia, and expanding its direct custody segment in the country by hiring bankers. Citi to hire more direct custody bankers in Saudi Arabia Citigroup returned to the oil-rich nation in 2018 following a 13-year...
Tencent Music Entertainment Group (NYSE:TME) has moved into a strategic business collaboration with CoMix Wave Films. The new partnership will see Tencent grace its music platforms with some original soundtracks. Plans to enhance the platforms According to sources, these will be soundtracks from 17 of the most outstanding animated movies. Those...
It is now ten years down the line since Tesla Inc (NASDAQ:TSLA) was incorporated into the NASDAQ. Well-wishers around the world continue wishing the company a happy 10th IPO. It took off at $19 per share, and the figure has risen to now stand at about $970 per share....
The Bargaining Committee of the United Auto Workers union (the local chapter) calls upon General Motors (NYSE:GM) to undertake a temporary shutdown of its SUV plant in Arlington. They cite the resurgence of the rise in the number of persons suffering from deadly COVID-19. The intriguing trend of infections The unveiling...
American Airlines Group Inc (NASDAQ:AAL) wouldn't put up any restrictions in the number of seats sold on flights. The COVID-19 pandemic hit the world with an impact, and the effects are still being felt around the globe. The move by the business guru was targeted at helping it recover...
Ford Motor (NYSE:F) wants to be the company for customers to run to whenever they need the best products! It works to appeal them in many ways. This time around, it creates a leeway that will make it possible for people who lose their jobs to return the vehicles....
Alibaba Group Holding Ltd’s (NYSE:BABA) Freshippo stores will start selling Beyond Meat (NYSE:BYND) plant-based burger patties in mainland China. Alibaba to bring Beyond Meat’s meatless patties to supermarkets in China The e-commerce giant has rolled out the meatless alternatives in 50 Freshippo stores in Shanghai; its futuristic supermarkets require customers order...
Freeport-McMoRan Inc (NYSE:FCX) is considering a new way of running its operations. According to the chief executive of PT Freeport Indonesia, one of its subsidiaries, Tony Wenas, the company is likely to take on all-underground mining by 2022. The shift will first cover about 75% of the company’s operations...
Fuel theft from pipelines is one of the major challenges Petroleo Brasil (NYSE:PBR) has had to deal with since the beginning of the year. Over the years, the situation has been so bad that the company resulted in setting up an internal unit of about 50 employees to study...