BlackRock focuses on China credit, oil and travel in Asia

BlackRock focuses on China credit, oil and travel in Asia
The BlackRock logo is seen outside of its offices in New York City, U.S., October 17, 2016. REUTERS/Brendan McDermid SINGAPORE (Reuters) – The world’s biggest asset manager, BlackRock Inc (BLK.N), called out oil stocks, domestic tourism and debt in China and India as investment opportunities in its Asia outlook on Wednesday. The manager of $6.5 trillion in assets expects it... Read More

Sell, stow or dump? Retailers wrestle with mountain of unsold stock

Sell, stow or dump? Retailers wrestle with mountain of unsold stock
MADRID/LOS ANGELES (Reuters) – Forget fast or slow fashion, now it’s ground to a halt. FILE PHOTO: A person is seen inside an empty shopping mall during a partial lockdown in Leverkusen, Germany, March 20, 2020, as the spread of the coronavirus disease (COVID-19) continues. REUTERS/Thilo Schmuelgen/File Photo A mountain of apparel stock has been piling up in stores, distribution... Read More

Wall St. flat as recovery hopes offset U.S. protests, China tensions

Wall St. flat as recovery hopes offset U.S. protests, China tensions
(Reuters) – U.S. stocks struggled for direction on Monday as investors weighed prospects of a post-pandemic economic recovery against protests across the country over race and an ongoing standoff between Washington and Beijing. A trader adjusts his mask as he works on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease (COVID-19) continues in... Read More

Sign here first: U.S. salons, gyms, offices require coronavirus waivers

Sign here first: U.S. salons, gyms, offices require coronavirus waivers
(Reuters) – As U.S. businesses reopen after weeks of pandemic lockdowns, many have been posting coronavirus disclaimers or requiring employees and patrons to sign waivers before entering. FILE PHOTO: Cody Brooke, owner of 10th Avenue Hair Designs, answers the phone at his salon which reopened on May 11 after a coronavirus disease (COVID-19) lockdown in Pensacola, Florida, U.S., May 29, 2020.... Read More

Sale of shut Philly refinery to real estate developer delayed

Sale of shut Philly refinery to real estate developer delayed
NEW YORK (Reuters) – The closing of a $252 million sale of the Philadelphia Energy Solutions (PES) oil refinery to a Chicago-based real estate developer has been delayed, a city official and source with knowledge of the agreement said on Friday. FILE PHOTO: Sun sets on the Philadelphia Energy Solutions plant refinery in Philadelphia, Pennsylvania, U.S., January 9, 2020. REUTERS/Mark... Read More

Wall Street ends mixed as China-U.S. tensions weigh

Wall Street ends mixed as China-U.S. tensions weigh
(Reuters) – Wall Street ended mixed on Friday in a mostly tame finish to a week of strong gains, as investors gauged China-U.S. tensions and amid ongoing uncertainty about the pace of economic recovery from the coronavirus. FILE PHOTO: A worker cleans the floor of the New York Stock Exchange (NYSE) as the building prepares to close indefinitely due to... Read More

Wall Street flat amid Sino-U.S. tensions, economic uncertainty

Wall Street flat amid Sino-U.S. tensions, economic uncertainty
(Reuters) – U.S. stock indexes moved in a flat-to-low range on Friday as investors gauged Sino-U.S. tensions amid continued uncertainty over the pace of economic recovery from the coronavirus. FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri/File... Read More

Wall Street dips on U.S.-China tensions, economic woes

Wall Street dips on U.S.-China tensions, economic woes
(Reuters) – U.S. stock indexes moved in a flat-to-low range on Friday as simmering Sino-U.S. tensions weighed on markets struggling to gauge the pace of economic recovery from the coronavirus. FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo... Read More

Hewlett Packard Enterprise lays out $1 billion savings plan, pay cuts

Hewlett Packard Enterprise lays out $1 billion savings plan, pay cuts
FILE PHOTO: Signs for Hewlett Packard Enterprise Co. cover the facade of the New York Stock Exchange November 2, 2015. REUTERS/Brendan McDermid/File Photo (Reuters) – Hewlett Packard Enterprise (HPE.N) on Thursday unveiled a plan targeting gross savings of at least $1 billion by 2022 and cut the base salaries of top executives by 25% as the software maker seeks to... Read More

Facebook’s Zuckerberg embraces remote work beyond Silicon Valley

Facebook’s Zuckerberg embraces remote work beyond Silicon Valley
SAN FRANCISCO (Reuters) – Facebook Inc (FB.O) will permanently embrace remote work even after coronavirus lockdowns ease, Chief Executive Mark Zuckerberg said on Thursday, accelerating the tech sector’s geographic diversification away from its home in Silicon Valley. FILE PHOTO: Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing on Capitol Hill in Washington, U.S., October... Read More