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Updated: 4 years 23 weeks ago
Macy's raises $4.5 billion through asset-based credit, bonds
Macy's Inc said on Monday it raised
a total of $4.5 billion, including $3.15 billion in asset-based
credit, as the department store chain tries to navigate through
the fallout from the COVID-19 pandemic.
Categories: Business News
UPDATE 1-Global Blood Therapeutics to seek to expand label for sickle cell treatment
Global Blood Therapeutics Inc
said on Monday it plans to ask U.S. regulators to greenlight the
use of its sickle cell treatment, Oxbryta, in children aged 4 to
11, expanding on an earlier approval for patients 12 and over.
Categories: Business News
US STOCKS-Nasdaq hits record close, confirms bull market on economic recovery hopes
Categories: Business News
BRIEF-Gbt Plans To Seek Expanded Labeling For Oxbryta® For Sickle Cell Disease
* GBT ANNOUNCES PLANS TO SEEK EXPANDED LABELING FOR OXBRYTA®
(VOXELOTOR) TO TREAT CHILDREN AGES 4 TO 11 YEARS WITH SICKLE
CELL DISEASE
Categories: Business News
UPDATE 1-GRAPHIC-Nasdaq hits record high as U.S. recession becomes official
On the same day that the Nasdaq marked a
new bull market, the U.S. economy was officially declared to be
in a recession. The two milestones on Monday illustrate how an
11-week surge in stocks has occurred despite widespread economic
devastation fueled by the coronavirus pandemic.
Categories: Business News
UPDATE 5-Energy firms prepare to resume U.S. Gulf of Mexico output after storm passes
Energy companies on Monday began
preparations to resume oil and gas production in the U.S. Gulf
of Mexico, a day after Tropical Storm Cristobal blew through
with high winds and heavy rains.
Categories: Business News
UPDATE 5-Poland halts work at 12 coal mines to curb COVID-19, angering union
Categories: Business News
US STOCKS-Nasdaq hits record close, confirms bull market on economic recovery hopes
The Nasdaq hit a record high close on
Monday, confirming a bull market began on March 23, and the Dow
and S&P 500 jumped as expectations for a swift recovery from a
coronavirus-driven downturn increased.
Categories: Business News
UPDATE 1-Mexican auto sector speeds to meet new trade rules as output falls
Carmakers with operations in
Mexico are racing against time to meet regional content rules
outlined in the new North American trade agreement, the
country's top auto group said on Monday, with one expecting
output and exports to fall by almost a third.
Categories: Business News
GRAPHIC-Nasdaq hits record high as U.S. recession becomes official
Surging technology and communications
stocks have put the Nasdaq on the cusp of confirming that it is
in a new bull market just 16 weeks after coronavirus fears
smashed stocks and threw the U.S. economy into recession.
Categories: Business News
JetBlue to fly about 50% of July schedule, more in August -CNBC interview
JetBlue Airways Corp
expects to fly about half of its original schedule in July, up
from about 25% to 30% in June, and a bit more in August as
leisure demand begins to recover, Chief Executive Robin Hayes
told CNBC in an interview on Monday.
Categories: Business News
GLOBAL MARKETS-Stocks gain on quick economic revival hopes, oil slides
A gauge of global equity
markets rose on Monday on hopes of a fast recovery from the
coronavirus economic slump while oil slid after Saudi Arabia
said an extension of output cuts by producer nations would not
include extra cuts by three Gulf countries.
Categories: Business News
EMERGING MARKETS-Latam stocks surge; Brazil's real at near 3-month high
Brazil's real extended gains to hit a
near 12-week high on Monday, while most other currencies
retreated from bumper gains made last week as markets held out
for a recovery from the coronavirus.
Still, regional stocks rallied further as gains on Wall
Street inspired more
Categories: Business News
DEALTALK-Private equity scouts for China take-private deals amid tension, volatile markets
Private equity investors are
seeking Chinese companies to take private in the hope they can
snap up bargains amid the coronavirus-related sell-off, but the
banks that help find such deals are proving less keen to finance
them.
Categories: Business News
UPDATE 8-Oil falls 3% despite OPEC+ cuts as Gulf ends voluntary curbs
* OPEC+ cuts for May and June: https://tmsnrt.rs/2SsCSMN
(Adds latest prices; Changes dateline, previous LONDON)
Categories: Business News
UPDATE 2-Energy firms prepare to resume U.S. Gulf of Mexico output after storm passes
Energy companies on Monday began
preparations to resume oil and gas production in the U.S. Gulf
of Mexico, a day after Tropical Storm Cristobal blew through
with high winds and heavy rains.
Categories: Business News
Royalty Pharma targets biggest U.S. IPO of the year
Royalty Pharma Plc said on Monday it is
looking to raise up to $1.96 billion in an initial public
offering, which would make it the biggest U.S. listing of the
year so far.
Categories: Business News
