Police officers distribute toilet papers and paper towels to the customers at Woolworths supermarket, in Prospect, in the state of New South Wales, Australia, March 19, 2020 in this screen grab obtained from social media video. Rachel Santos/via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT. NO RESALES. NO ARCHIVES.
By Yimou Lee TAIPEI (Reuters) – Apple supplier Foxconn <2317.TW> warned revenue would drop 15% in businesses including consumer electronics and enterprise products in the first quarter, but that it would recover thereafter as production returns to normal in virus-hit China. Foxconn is among manufacturers worldwide who are grappling with virus-related curbs that have upended […]
By Jason Lange (Reuters) – Democratic presidential candidate Michael Bloomberg on Sunday pledged to narrow the wealth gap between black and white Americans by boosting black ownership of homes and businesses and investing in poor neighborhoods. Bloomberg, a late entry to the Democratic nomination contest, is rising in public opinion polls as he uses his […]
(Reuters) – Hedge fund Mudrick Capital Management LP asked Neiman Marcus Group’s independent directors on Tuesday to explore a combination with rival department store chain Saks Fifth Avenue, challenging the company’s plan to reorganize under bankruptcy protection. A lawyer for Mudrick, which holds portions of Neiman Marcus’s roughly $5 billion of debt, wrote in a […]