Fitch Rates Arab Petroleum Investments Corporation at 'AA'; Outlook Stable

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Fitch Rates Arab Petroleum Investments Corporation at 'AA'; Outlook Stable

Fitch Ratings – London – 22 Jun 2020: Fitch Ratings has assigned Arab Petroleum Investments Corporation (APICORP) a Long-Term Issuer Default Rating (IDR) of ‘AA’ with a Stable Outlook and Short-Term IDR of ‘F1+’. Fitch has also assigned a Long-Term …
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Tesla's Q2 COVID-impacted sales will be a catalyst for the stock next week

FactSet consensus calls for sales of 67,000 vehicles in most-recent quarter depending on help from Shanghai plant. The Tesla Fremont, Calif., factory last year. Bloomberg News/Landov. Email icon; Facebook icon; Twitter icon; Linkedin icon; Flipboard icon.
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Microsoft Store Closures Are A Signal About The Future Of Retail

Microsoft announced today that it is closing all of its 83 Microsoft Store retail locations. The company says that will result in a charge of $450 million against its earnings for the second quarter of 2020. In an important way, what Microsoft is doing is a sign of …
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JD Sports Names Administrators For Struggling Go Outdoors

(Alliance News) – JD Sports Fashion PLC said Tuesday it has appointed Michael Magnay and Daniel Butters of Deloitte LLP as joint administrators for its Go Outdoors unit. The FTSE 100-listed retailer said the “future viability” of Go Outdoors has become …
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Aurora Cannabis plans more layoffs, facility closures amid industry turmoil

(Reuters) – Aurora Cannabis (ACB.TO) (ACB.N) on Tuesday announced a new round of staff reductions and plans to shut five facilities over the next two quarters, as the COVID-19 pandemic pummels the cash-crunched cannabis industry. FILE PHOTO: The …
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