The ISM index U.S. manufacturing rose to its highest level since September 2018 and the New Orders measure soared to its highest reading since January 2004. (WSJ)
Oil prices slid to five-month lows as Covid-related restrictions in Europe threaten demand just as global supplies are rising. (WSJ)
Trucker YRC Worldwide narrowed its third-quarter net loss to $2 million from $16 million a year ago despite a 5.9% drop in revenue. (Dow Jones Newswires)
Clorox firmed up its upbeat outlook after quarterly profit more than doubled on bigger sales of cleaning supplies. (WSJ)
J.C. Penney settled with a group of holdout creditors, clearing the way to sell itself out of bankruptcy to lenders and landlords. (WSJ)
The operator of the Friendly’s restaurant chain filed for chapter 11 bankruptcy with a deal to be acquired and to keep most locations open. (WSJ)
China expects to have a homegrown supply chain for electric cars in place by 2035. (Nikkei Asian Review)
Alibaba is in talks to invest nearly $300 million in London-based online luxury fashion retailer Farfetch. (The Information)
South African telecommunications company MTN Group sold its minority stake in African e-commerce firm Jumia. (TechPoint Africa)
Online food retailer Ocado raised its full-year profit forecast about 50% from projections less than two months ago. (Financial Times)
Shopping mall owner CBL & Associates filed for chapter 11 bankruptcy protection. (Bloomberg)
Supply-chain transparency was central to Taiwan’s so-far successful effort to halt the spread of the coronavirus. (Wired)
Tanker operators aren’t getting the floating storage deals from oversupplied crude markets the way they did in the spring. (Lloyd’s List)
Orient Overseas Container Line will buy seven 23,000-container vessels from two shipyards owned by parent Cosco Shipping Holdings. (Splash 247)
Shippers of perishables have shifted large volumes from airlines to container ships because of airfreight capacity constraints. (The Loadstar)
Offshore drilling contractor Pacific Drilling filed for chapter 11 bankruptcy protection for the second time in three years. (gCaptain)
Canadian National Railway is getting 1,500 new, high-capacity hopper cars after moving record grain volume in October. (RT&S)
|