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NEW YORK: U.S. stocks ended sharply higher on Monday as signs of progress in developing a COVID-19 vaccine and a spurt of multibillion-dollar deals lifted investor optimism.
NEW YORK: J.C. Penney Co Inc reached a tentative deal with landlords and lenders valued at US$1.75 billion to rescue the beleaguered department store chain from bankruptcy proceedings, averting a liquidation that would have threatened roughly 70,000 jobs and represented one of the most significant business collapses following the coronavirus pandemic, a company lawyer said.
KUALA LUMPUR: Blue chips closed higher on Thursday, underpinned by gains in Telekom Malaysia and Tenaga Nasional, amid a mixed broader market.
NEW YORK: Crude oil prices rose to a five-month high on Tuesday as U.S. producers shut most offshore output in the Gulf of Mexico ahead of Hurricane Laura even as rising coronavirus cases in Asia and Europe capped gains
KUALA LUMPUR: Bursa Malaysia's FBM KLCI closed off the day's low on Thursday on some buying of key index stocks but concerns about the political environment were not quick to go away.
KUALA LUMPUR: Sustained buying of glove makers Hartalega and Top Glove propelled the FBM KLCI on Tuesday to the highest close since Jan 7 while most key Asian markets also ended higher following a recovery in China's economy.
It’s a first in six months on strong volume
Amazon.com Inc plans to create at least US$100 million in stock awards to retain the 900-plus employees of Zoox, the self-driving car startup it offered to buy last month, and can walk away from the deal if large numbers of them turn down job offers from the technology giant.