Nasdaq Moves to Delist China's Luckin Coffee

Luckin, an upstart rival to Starbucks in China, said in a regulatory filing that it received a written notice from the exchange's listing qualification staff, who have determined that its shares should be delisted. 


 
Walmart Sales Surge as Coronavirus Drives Americans to Stockpile

The company is reaping the rewards of being one of few retailers positioned to successfully navigate a global pandemic, reporting a surge in quarterly sales as consumers turned to its giant stores to stock up on food and household goods. 


 
Home Depot Reports Higher Revenue Despite Coronavirus Impact

The company's revenue in the fiscal first quarter outpaced expectations of Wall Street analysts as the average customer transaction size rose by 11%. 


 
Disney+ Loses Its Architect as New Rivals Prepare to Launch

Kevin Mayer, who built and launched Disney's flagship streaming service, departs as the unit has become a bright spot for the company during the pandemic. 


 
Pier 1 Seeks to Wind-Down Operations

Pier 1 Imports said it is seeking bankruptcy-court approval to begin an orderly wind-down of its operations as soon as possible. 


 
Landlords Fume as Starbucks, Other Chains Seek Extended Rent Cuts

Starbucks, Chipotle Mexican Grill and Shake Shack are among the restaurant and cafe operators asking property owners to renegotiate leases or offer deferred rent payments. 


 
Sony to Acquire Full Control of Financial Unit for $3.7 Billion

Though little known outside Japan, Sony Financial Holdings is a significant presence in Sony's home country, offering life insurance, auto insurance and banking products such as foreign-currency accounts. 


 
The Real Threat to Baidu's Health Isn't Covid-19

Baidu's business looks poised for a cyclical recovery but the long-term outlook is still dim. 


 
Former Obama Antitrust Official Lays Out Possible Case Against Google

A former top antitrust economist in the Obama administration argued Monday that the Alphabet unit has used its powerful position in the digital advertising space to stifle competition. 


 
Blackstone to Keep a Centric Brands Stake Under Chapter 11 Restructuring

Branded-apparel maker Centric Brands became the latest clothing company to go bankrupt due to the pandemic, filing for chapter 11 protection with plans to go private and preserve some of Blackstone's ownership stake.