updated - January 22, 2020 Wednesday EST
American Apparel Inc warned on Tuesday that shareholders may lose their investment in the company if it cannot raise capital soon as its remaining funds are insufficient to run the business for another year.
A group of U.S. of equity traders and hackers in Ukraine earned $100 million in profits over five years after getting insider information from undispatched corporate press releases and using those to guide them.
Chinese phone maker Xiaomi Inc has entered into a partnership with Taiwan's Foxconn Technology Group to open a manufacturing facility in India in a bid to further strengthen its position in one of the leading smart phone markets in the world.
Mining giant BHP Billiton announced on Sunday a move to cut 380 jobs at its Olympic Dam copper and uranium mine in Australia due to a challenging global business environment and to ensure the sustainability of operations.
The U.S. unemployment rate remain unchanged in July, but analysts are firm in their outlook that the Federal Reserve will raise interest rates in September given the steady addition of jobs and improving wage conditions.
Soft drink giant Coca-Cola Co. is close to buying a minority stake in U.S. organic juice company Suja Life LLC, as the beverage maker continues to diversify its portfolio to adapt to changing consumer tastes.
Verizon Communications Inc. is facing a possible strike from close to 40,000 workers in its East Coast operations on Sunday with the company and its unions unable to agree on a new deal even as the contract is set to expire on Saturday.
American food giant Kraft Heinz Company has voluntarily recalled select code dates and manufacturing codes of Kraft Singles individually-wrapped cheese slices after several customers complained about choking from the wrapper that remain stuck on the product.
A credit union that aims to serve Colorado's marijuana industry, has filed cases against the Federal Reserve and the National Credit Union Administration for barring them from doing business with other financial institutions.
Employee compensation in the United States slowed down in the second quarter due to weak commissions from sales, with analysts torn whether the weak data would prompt the Federal Reserve to raise interest rates or not.