EssiLux case puts $8.5 billion GrandVision takeover in doubt

AMSTERDAM (Reuters) – EssilorLuxottica said on Monday that GrandVision’s actions during the coronavirus crisis could provide grounds for ending its 7.2 billion euro ($8.5 billion) takeover of the Dutch eyewear stores operator. The French-Italian maker of Ray-Ban told a court

Oil firm BJ Services files for Chapter 11 bankruptcy

(Reuters) – Oilfield services firm BJ Services filed for Chapter 11 bankruptcy protection early on Monday, following a severe cut in demand and cash crunch due to the coronavirus pandemic. The company, which offers hydraulic fracturing of shale wells, said