Energy giant BP has agreed to sell its petrochemicals business to British chemicals company Ineos in a $5 billion deal that will help reshape its business for the global transition to lower-carbon energy.
Cash remains king for large publicly traded U.S. companies adjusting to an economy and operations sharply changed by the pandemic.
Three of the nation’s largest pay-TV companies are taking joint ownership of a platform designed to make it easier for brands to harness data to serve targeted ads to people watching cable TV, a move that comes as cost-pressured ad buyers are increasingly turning to targeted advertising.
L Brands and Sycamore Partners have agreed to scrap their plans to take Victoria’s Secret private, dropping a pact that was reached just weeks before coronavirus forced the lingerie retailer to shut its stores.
Many tweets note that the retailer’s problems were terminal long before the coronavirus hit
Apple Inc. reported that profits slipped slightly but sales grew amid the spread of COVID-19, and promised investors billions more in stock repurchases and...
The Federal Reserve said Wednesday it would launch a new lending facility to backstop the money-market mutual-fund sector as part of a broadening effort to calm turmoil sparked by the novel coronavirus epidemic.