Primark owner Associated British Foods will not pay an interim dividend to save cash during the coronavirus crisis and has booked a 284 million pound ($352 million) charge to reflect an expected lower value of stock when its stores reopen.
Primark owner Associated British Foods' decision not to pay an interim dividend to shareholders was "absolutely the right thing to do" given the coronavirus crisis, its boss said on Tuesday.
A verdict in a case involving U.S. e-commerce giant Amazon will be issued by the Court of Appeal in Versailles on April 24, a French judge said on Tuesday.
Lawmakers and former officials are making a last ditch push to persuade the Trump administration to halt plans to invest billions of federal employee retirement dollars in Chinese companies that Washington suspects of human rights abuses or threatening U.S. security, according to sources and documents seen by Reuters.
Senators from both major U.S. parties are pressing the Federal Reserve to say more about the role that climate considerations could play in its asset purchase programs, showing the new focus of investors on environmental considerations.
Investors are once again crowding into a narrow range of technology and internet stocks, heightening concerns that the market's dramatic bounce from last month's lows is becoming increasingly vulnerable to sharp reversals as the coronavirus outbreak continues to batter the economy.
SoftBank Group's planned $22.5 billion share buyback presents an attractive buying opportunity but it is not a clear longterm investment, said a London-based investor that has built up a small stake.
Coca-Cola Co said on Tuesday its expected current-quarter results to take a hit as restaurants, theaters and other venues that represent about half of the company's revenue remain closed because of the coronavirus pandemic.
U.S. stocks opened lower for a second straight day on Tuesday as a historic crash in U.S. crude prices to below zero and gloomy quarterly forecasts heralded the biggest economic slump since the Great Depression.
Starbucks Corp said on Monday it would roll out a plant-based food and beverage menu in China this week, launching Beyond Meat Inc and Oatly products in a country which is trying to recover from coronavirus shutdowns.
"You have a fiduciary responsibility when the government lays out a program to use it," 'Shark Tank' investor Kevin O'Leary, a.k.a. 'Mr. Wonderful, told CNBC on Tuesday.
Xerox Holdings Corp said on Tuesday it will make hand sanitizer in its factories in the United States and Canada to fight the spread of coronavirus, and start deliveries to healthcare organizations later this month.
The U.S. economic recession underway, caused by the coronavirus pandemic, will be worse than previously thought, with more economists polled by Reuters over the past week expecting a "U-shaped" recovery rather than any other option.
Google said on Tuesday it would stop charging merchants to place products on its Google Shopping search page as it looks to win e-commerce advertising business from Amazon.com Inc and other online retailers, just as they are struggling to supply customers with some items due to the coronavirus pandemic.
Now that you no longer go to an office you might think you qualify for the home-office deduction. Here's how to tell if you are eligible.