J.C. Penney Co Inc has approached consulting firm AlixPartners LLP as the U.S. retailer looks at options for managing its debt, Bloomberg News reported on Tuesday, citing people with knowledge of the matter. Read More
J.C. Penney to hire advisors as it mulls debt management options – Bloomberg News — Financial Post
Virgin Galactic to run as a critical infrastructure business during pandemic — Financial Post
Billionaire Richard Branson’s space tourism company Virgin Galactic Holdings Inc will keep running as a critical infrastructure business, even as many U.S. states in which it operates have mandated business closures during the coronavirus outbreak. Read More
Virgin Galactic to run as a critical infrastructure business during pandemic — Financial Post
Commodity currencies slip as OPEC+ output cuts provide little cheer — Financial Post
TOKYO — Commodity currencies slipped against safe-haven units such as the dollar and yen on Monday as a record output cut agreed by OPEC and other oil producing nations failed to offset broader concerns about global demand for resources. Read More
Commodity currencies slip as OPEC+ output cuts provide little cheer — Financial Post
OPEC, Russia approve biggest-ever oil cut to support prices amid coronavirus pandemic — Financial Post
BAKU/DUBAI/LONDON — OPEC and allies led by Russia agreed on Sunday to a record cut in output to prop up oil prices amid the coronavirus pandemic and said they had an unprecedented deal with fellow oil nations, including the United States, to curb global oil supply by 20%. Read More
OPEC, Russia approve biggest-ever oil cut to support prices amid coronavirus pandemic — Financial Post
Ascension Tecsol Global Division of Faith Management Solutions 501(c)3 