T-Mobile US Inc. on Wednesday completed its $26.5 billion acquisition of Sprint Corp., a yearslong saga that included a stare-down with U.S. antitrust officials, a court battle with state attorneys general, and a pandemic that has brought the nation to a near-standstill. While the covid-19 crisis is far from over, Sprint Chairman Marcelo Claure said in an interview last week that the new T-Mobile is arriving at a good time to offer lower-priced wireless options to consumers battered by economic damage.
The unprecedented collapse in global oil markets brought another driller to its knees, forcing a champion of what was once the premier U.S. shale field to seek protection from creditors. Whiting Petroleum Corp., facing more than a quarter-billion dollar debt maturity, filed for bankruptcy Wednesday, perhaps the most illustrious of the shale explorers thus far humbled by an unforgiving rout in every corner of the oil business.
Financial markets continued to spasm Wednesday, March 18, with U.S.
U.S. stocks tumbled, with benchmark gauges posting their worst drop since 1987, as investors signaled that the Federal Reserve's extraordinary bond-buying measures and President Donald Trump's economic proposals won't be enough to counter the economic impact from the coronavirus.
Harley-Davidson is starting the week in search of a new boss, seeking someone who can stem years of declining sales at the iconic American motorcycle maker just as it's starting to roll out some new products. Chief Executive Officer Matt Levatich unexpectedly stepped down Friday, Feb. 28, parting ways with the board after a 26-year career at Harley-Davidson — including five years as CEO in which the company lost more than half its market value. Board member Jochen Zeitz will fill the job for now, the company said after the close of business Friday.
Bayer acknowledged for the first time that lawsuits related to the controversial weed killer Roundup may force it to sell assets, issue new equity or borrow money at unfavorable terms. "We may incur considerable financial disadvantages from the pending lawsuits or potential future cases if, for example, we are ordered to pay compensatory and possibly punitive damages," Bayer said in its annual report, "or if we assume payment obligations under out-of-court settlements."
The Boy Scouts of America should release a list of more than 7,800 abusers it has compiled over the years as it tried to block sexual predators from its ranks, lawyers for victims suing the youth organization said Wednesday, Feb. 19. "We are not here because the Boy Scouts do such a great job of protecting boys," attorney James Stang said at the non-profit corporation's first day in bankruptcy court in Wilmington, Delaware on Wednesday. The list of abusers "is where we will get the story, the dark history of the Boy Scouts."
Trees are an important tool to counter climate change: They capture carbon dioxide, improve biodiversity and increase groundwater. Adding a trillion trees could scrub out two-thirds of all emissions, according to scientists, and that's why everyone from the World Economic Forum to YouTube influencers have launched large planting programs. There's just one problem: The success rate of typical programs is often dismal. Many end up with no trees surviving to maturity. After years of experiments, John Leary believes he has found the magic ingredient to boost results: local people.
President Donald Trump's trade truce with Beijing included a pledge to buy billions of dollars of U.S. foodstuffs over the next two years, reopening one of the most important export markets for America's farm belt. "The farmers are really happy with the new China Trade Deal," the president tweeted the day after a signing ceremony in the White House.
Bayer may be only weeks away from settling more than 75,000 cancer claims over its Roundup weed-killer, after a surge in claims to almost double the number disclosed by the company in September, according to the court-appointed mediator in the litigation.