Reuters Business News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
Updated: 4 years 29 weeks ago
Mitsubishi halves SpaceJet development budget, reconsiders U.S. variant
Mitsubishi Heavy Industries said it was halving the annual development budget for Japan's first regional jet in half a century, the M90 SpaceJet, as the coronavirus pandemic squeezes profits.
Categories: Reuters
South Korea shoppers line up before dawn ahead of expected Chanel price hike
More than a hundred shoppers waited in line to enter a store of French luxury brand Chanel in Seoul on Wednesday, as they rushed to buy products in the hope of beating price increases expected to kick in later in the week.
Categories: Reuters
Stocks fall on renewed virus fears, Powell speech in focus
Stocks and oil prices fell on Wednesday as fears about a second wave of coronavirus infections gripped financial markets.
Categories: Reuters
Musk, Texas governor talk about potential Tesla move to Lone Star state
Texas Governor Greg Abbott said on Tuesday that he spoke with Elon Musk, the chief executive of Tesla Inc , in recent days about a potential move of the company's electric vehicle assembly plant to the Lone Star state.
Categories: Reuters
Contact tracing, temperature checks and masks: airline industry outlines new norms
Airlines and airports are recommending a layered approach to temporary safety measures as air travel restarts, warning that no single measure can mitigate all of the risks during the pandemic, according to a briefing document seen by Reuters.
Categories: Reuters
Las Vegas Sands ends plans to open Japan integrated resort casino project
Las Vegas Sands said in a statement on Wednesday it has ended its plans to open an integrated resort (IR) casino in Japan.
Categories: Reuters
Exclusive: Neiman Marcus creditor calls for deal with Saks Fifth Avenue - letter
Hedge fund Mudrick Capital Management LP asked Neiman Marcus Group's independent directors on Tuesday to explore a combination with rival department store chain Saks Fifth Avenue, challenging the company's plan to reorganize under bankruptcy protection.
Categories: Reuters
Occidental offering voluntary job buyouts, citing need for spending cuts: document
Occidental Petroleum Corp is offering its employees voluntary buyouts over the next two weeks, according to a document seen by Reuters on Tuesday, citing the sharp decline in oil prices and the coronavirus pandemic for "severe dislocations" in its business.
Categories: Reuters
Exclusive: Occidental offering employees voluntary buyouts over next two weeks - document
Occidental Petroleum Corp is offering its employees voluntary buyouts over the next two weeks, according to a document seen by Reuters on Tuesday, after the company said last week it was looking at several options to shore up its impaired balance sheet.
Categories: Reuters
Asian stocks set to slip on coronavirus fears, vaccine timing
Asian equities were set to pull back on Wednesday as heightened concerns about coronavirus infections and the timing for a vaccine outweighed the lift from rebounding oil prices and upbeat corporate earnings in Europe.
Categories: Reuters
The U.S. needs more fiscal help to fight coronavirus, Fed officials say
U.S. businesses and households are going to need more fiscal support to get through what will likely be a longer period of recovery from the coronavirus shutdown than initially expected, Federal Reserve policymakers said on Tuesday.
Categories: Reuters
S&P 500 tumbles on fears of virus resurgence in economic reopening
The S&P 500 dropped 2% on Tuesday as investors took profits following a warning from the top U.S. infectious disease expert that premature moves to reopen the nation's economy could lead to novel coronavirus outbreaks and set back economic recovery.
Categories: Reuters
U.S. federal court tells SEC, Justice Dept to review RBS whistleblower case
The U.S. Justice Department and Securities and Exchange Commission must review whether an ex-Royal Bank of Scotland employee is owed a whistleblower payout and provide documents relating to his case, a federal U.S. court said on Tuesday.
Categories: Reuters
U.S. attorneys seek Amazon data on coronavirus-linked worker deaths, infections
A group of 13 U.S. attorneys general on Tuesday asked Amazon.com Inc to provide data on coronavirus-related deaths and infections among its workforce, along with evidence of the company's compliance with paid sick leave laws.
Categories: Reuters
Fed's Quarles defends decision to let banks maintain dividends
A senior Federal Reserve official on Tuesday defended before Congress the central bank's decision to allow lenders to continue issuing dividends, even as the regulator seeks permission from lawmakers to further relax capital rules.
Categories: Reuters
KKR leads $43 million investment round in Slice pizza platform
U.S. private equity firm KKR & Co Inc said on Tuesday it led an investor group making a $43 million investment in Slice, an online delivery platform for local pizza shops across the country.
Categories: Reuters
Stock market rally pauses, bonds edge higher on fears of second virus wave
World equity markets slid and safe-haven bonds climbed on Tuesday as rising concerns about a second wave of coronavirus infections outweighed stronger economic data from China and upbeat corporate earnings in Europe.
Categories: Reuters
Twitter to let some employees to work from home permanently
Twitter Inc on Tuesday became the first major tech company to allow employees who can work remotely to do so indefinitely, as the coronavirus outbreak forces unprecedented changes in work culture across the world.
Categories: Reuters
S&P 500 ends lower on fears of virus resurgence in economic reopening
The S&P 500 closed lower after a choppy session on Tuesday as investors took profits following a warning from the top U.S. infectious disease expert that premature moves to reopen the nation's economy could lead to novel coronavirus outbreaks and set back economic recovery.
Categories: Reuters
U.S. reports record $738 billion budget deficit in April
The United States on Tuesday reported a record $738 billion budget deficit in April as an explosion in government spending and a shrinking of revenues amid the novel coronavirus pandemic pushed it deeply into the red.
Categories: Reuters