U.S. Treasury Lends $700M to Troubled Trucking Company
The government will take a 29.6% fully diluted equity ownership in YRC Worldwide .
Cirque du Soleil Files for Bankruptcy
The company is also terminating about 3,500 employees who were furloughed in March.
BP Sells Petrochemicals Business to Ineos for $5B
The energy giant said it met its goal to divest $15 billion a year ahead of schedule.
Novartis Settles U.S. Bribery Charges
The pharma giant will pay more than $346 million to settle charges that it bribed doctors to prescribe their drugs.
Chuck E. Cheese Parent Files for Chapter 11
CEC Entertainment expects to continue operating many of its family-oriented restaurants, including the Peter Piper Pizza chain, as it reorganizes.
GNC Files For Chapter 11
The vitamin and dietary supplements retailer has a potential buyer as it accelerates plans to cut its storecount.
Mastercard to Buy Finicity
The companies said the deal would strengthen Mastercard’s "open banking" capabilities.
Microsoft to Buy Startup CyberX
In a blog post, the tech giant said the deal was part of a wider initiative to accelerate and secure deployments of the internet of things (IoT).
Ohio Looks To Reclaim GM Tax Break
The automaker was awarded $60 million in credits before it closed its Lordstown, Ohio, plant.
KKR to Buy Dutch Vacation Company Roompot
The target’s revenue has fallen during COVID-19 but the company has recently seen a jump in domestic demand.
Adidas Employees Call for Investigation Into HR Chief
Employees also called for an anonymous platform where employees can report instances of racism and discrimination.