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BUSINESS

Drugmakers Reap Billions Meeting Covid-19 Needs

Business, Published on 28/02/2022

» Healthcare companies that came up with effective Covid-19 vaccines, treatments and tests are seeing a huge financial payoff and are starting to spend their cash, while grappling with questions about whether the growth is sustainable.

BUSINESS

Gas-Station ATMs Are a Banking Battleground

Business, Published on 21/02/2022

» Dozens of banks had rejected Ann Marie and Dan Ellis when they opened Bank of America Corp. checking accounts last February to fund their southern Arizona network of automated teller machines.

BUSINESS

Discover Is Bringing a Payment Option Popular in Asia to the U.S.

Business, Published on 16/02/2022

» Discover Financial Services will soon give U.S. merchants the option to accept payments from shoppers' bank accounts -- no card needed.

BUSINESS

Food Delivery Startups Look for New Ways to Sustain Growth

Business, Published on 16/02/2022

» Investors last year poured cash into online grocery startups, which saw roaring demand for home deliveries at the height of the Covid-19 pandemic. Now those firms are retooling to sustain growth even as shoppers venture back to bricks-and-mortar stores.

BUSINESS

Omicron's Threat to the Global Economy Runs Through China

Business, Published on 15/02/2022

» The direct economic harm caused by the Omicron variant of Covid-19 in highly vaccinated countries appears so far to be relatively modest and short-lived, but its indirect hit could prove significant if China resorts to repeated lockdowns in its effort to suppress the virus within its borders.

BUSINESS

BMW Takes Control of China Venture, Sees Big Profit Gains

Business, Published on 14/02/2022

» Bayerische Motoren Werke AG said it has taken majority control of its Chinese joint venture, securing its grip on its operations in the world's biggest auto market.

BUSINESS

Why Your Airport May No Longer Resemble a Luxury Mall

Business, Published on 14/02/2022

» The airport luxury boutique became a staple of the pre-pandemic travel boom. Now it may be heading for the departure gate.

BUSINESS

Frontier-Spirit Deal to Form Discount-Airline Juggernaut

Business, Published on 09/02/2022

» Frontier Airlines agreed to buy Spirit Airlines for $2.9 billion in cash and stock in a deal that would create a discount-airline juggernaut.

BUSINESS

Amazon and Other Potential Suitors Explore Peloton Deal

Business, Published on 07/02/2022

» Peloton Interactive Inc is drawing interest from potential suitors including Amazon.com Inc., according to people familiar with the matter, as the stationary-bike maker's stock slumps and an activist urges it to explore a sale.

BUSINESS

Kohl's Rejects $9 Billion Takeover Bid, Adopts Poison Pill

Business, Published on 07/02/2022

» Kohl's Corp. on Friday rejected a $9 billion takeover offer by an activist group for being too low, but said it would review other expressions of interest in the department-store chain.