Reuters

U.S. Federal Reserve resumes normal bank exams

Reuters Business News - Mon, 06/15/2020 - 11:23
The U.S. Federal Reserve announced Monday it was resuming its normal bank examination activities, after easing back at the outset of the coronavirus pandemic.
Categories: Reuters

Amazon CEO Bezos willing to testify before U.S. Congress: letter

Reuters Business News - Mon, 06/15/2020 - 11:20
Amazon.com Inc Chief Executive Jeff Bezos is willing to testify to a congressional panel investigating potential violations of U.S. antitrust law by big technology companies, according to a letter from an attorney representing Amazon.
Categories: Reuters

Mnuchin will discuss PPP oversight with Congress after criticism

Reuters Business News - Mon, 06/15/2020 - 11:06
U.S. Treasury Secretary Steven Mnuchin said on Monday he would talk to Congress about proper oversight of $660 billion in small business economic relief, after previously resisting calls to reveal who received the funds.
Categories: Reuters

Exclusive: BlackRock injects $18 billion into European firms during pandemic - source

Reuters Business News - Mon, 06/15/2020 - 11:06
The world's biggest asset manager BlackRock has pumped about 16 billion euros ($18 billion) into 810 European companies since the end of January, more than half of them in distress due to the coronavirus pandemic, a source with direct knowledge of the matter told Reuters.
Categories: Reuters

Embraer's commercial aviation chief departs after failed Boeing deal

Reuters Business News - Mon, 06/15/2020 - 11:03
Planemaker Embraer SA said on Monday that the head of its commercial aviation unit, John Slattery, was leaving the company to become chief executive of aircraft engine-maker GE Aviation , weeks after a $4.2 billion deal with Boeing collapsed.
Categories: Reuters

U.S. crude drops as coronavirus cases spike globally

Reuters Business News - Mon, 06/15/2020 - 11:03
Oil prices fell on Monday as new coronavirus infections hit the United States and China, feeding worries that renewed lockdowns could hamper economic recovery and dent fuel demand.
Categories: Reuters

Stocks, oil slide on fears of second pandemic

Reuters Business News - Mon, 06/15/2020 - 10:49
Fears of a second wave of COVID-19 infections rocked world markets on Monday, knocking down oil prices and a gauge of global equity performance more than 2% at one point, as investors grappled with how to assess the economic recovery.
Categories: Reuters

Amazon CEO Jeff Bezos is willing to testify before congress: letter

Reuters Business News - Mon, 06/15/2020 - 10:44
Amazon Chief Executive Jeff Bezos is willing to testify to a congressional panel investigating potential violations of antitrust law by big tech firms, according to a letter to the committee.
Categories: Reuters

Meatpacking workers often absent after Trump order to reopen

Reuters Business News - Mon, 06/15/2020 - 10:39
Smithfield Foods Inc [SFII.UL] is missing about a third of its employees at a South Dakota pork plant because they are quarantined or afraid to return to work after a severe coronavirus outbreak, according to the workers' union.
Categories: Reuters

EasyJet resumes flying with COVID-19 measures in place

Reuters Business News - Mon, 06/15/2020 - 10:37
EasyJet aircraft took to the skies for the first time since March 30 on Monday, as the British carrier resumed a small number of mainly domestic flights after weeks of lockdown.
Categories: Reuters

GE picks Embraer planemaking chief to run aviation unit

Reuters Business News - Mon, 06/15/2020 - 10:32
General Electric Co on Monday tapped the planemaking head of Brazil's Embraer to run its key aircraft engines division on Monday, as the global aviation industry grapples with disruption caused by the COVID-19 pandemic.
Categories: Reuters

Amazon says CEO Bezos willing to testify before Congress: NYT

Reuters Business News - Mon, 06/15/2020 - 10:14
Amazon.com Inc Chief Executive Officer Jeff Bezos is willing to testify before a House antitrust investigation into the market power of major tech companies, the New York Times reported https://www.nytimes.com/2020/06/15/technology/amazon-jeff-bezos-congress.html on Monday, citing a lawyer for Amazon who wrote to lawmakers.
Categories: Reuters

France's Givenchy names Matthew Williams as new designer

Reuters Business News - Mon, 06/15/2020 - 10:10
French couture house Givenchy, owned by luxury goods giant LVMH and known for once dressing Hollywood stars such as Audrey Hepburn, said on Monday it had named Matthew Williams as its new creative director.
Categories: Reuters

New York manufacturing activity unexpectedly stabilizes in June

Reuters Business News - Mon, 06/15/2020 - 10:09
Manufacturing activity in New York State stabilized unexpectedly in June after three months of broad weakness brought on by coronavirus-related business shutdowns, and companies' six-month outlook shot to a decade high, the New York Federal Reserve said on Monday.
Categories: Reuters

U.S. Supreme Court rules for pipeline in Appalachian Trail dispute

Reuters Business News - Mon, 06/15/2020 - 10:07
Ruling against environmentalists, the U.S. Supreme Court on Monday decided that the federal government has the authority to allow a proposed $7.5 billion natural gas pipeline to cross under the popular Appalachian Trail in rural Virginia.
Categories: Reuters

Factbox: What changes are companies making in response to George Floyd protests?

Reuters Business News - Mon, 06/15/2020 - 09:57
The corporate response to a wave of protests over the treatment of African Americans has included pledges to increase diversity, donations to civil rights groups and, in some cases, changes in policies or practices long sought by critics. Here is a sampling:
Categories: Reuters

For shrinking stock markets, corona crisis looks like a turning point

Reuters Business News - Mon, 06/15/2020 - 09:48
The coronavirus crisis is likely to reverse a decade-long trend of shrinking equity supply that helped to power the longest bull market in history as cash-strapped companies are forced to raise equity instead of buying back their shares.
Categories: Reuters

Hungary ready to help Audi run local plant at full capacity: Orban

Reuters Business News - Mon, 06/15/2020 - 09:46
Hungary is ready to give financial support to Audi to help its manufacturing plant in the country run at full operating capacity, Prime Minister Viktor Orban was reported as saying on Monday as he visited the site.
Categories: Reuters

U.S. mattress business springs back from pandemic shutdown

Reuters Business News - Mon, 06/15/2020 - 09:45
The U.S. mattress business has bounced back after months of shutdowns from the coronavirus pandemic kept customers away.
Categories: Reuters

Walmart partners with Shopify to expand online marketplace business

Reuters Business News - Mon, 06/15/2020 - 09:39
Walmart Inc has partnered with Canadian e-commerce firm Shopify Inc , as the world's biggest brick-and-mortar retailer ramps up its efforts to capture a bigger slice of the coronavirus-driven surge in online shopping.
Categories: Reuters
Syndicate content