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Updated: 4 years 27 weeks ago

Air Canada CEO urges Trudeau's government to relax travel curbs: Bloomberg News

Thu, 06/11/2020 - 16:42
Air Canada Chief Executive Officer Calin Rovinescu on Thursday urged the Canadian government to relax travel restrictions as they have been hurting the company's sales, Bloomberg News reported.
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Global stocks tumble, safe-haven assets rally on downbeat Fed outlook

Thu, 06/11/2020 - 16:10
Global equity markets fell sharply on Thursday in their worst sell-off since markets crashed in mid-March, while safe-haven assets rose after the Federal Reserve's sobering outlook cast doubt on hopes for a V-shaped recovery from the coronavirus pandemic.
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U.S. states accuse 26 drugmakers of generic drug price fixing in sweeping lawsuit

Thu, 06/11/2020 - 15:49
Twenty-six drug manufacturers were sued on Wednesday by the attorneys general of most U.S. states and several territories, which accused them of conspiring to reduce competition and drive up generic drug prices.
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Taco Bell parent Yum sues Grubhub for allegedly violating delivery deal

Thu, 06/11/2020 - 15:46
Taco Bell parent Yum Brands Inc sued Grubhub Inc on Thursday for allegedly violating a delivery contract, a day after Europe's Just Eat Takeaway.com agreed to buy the U.S. food delivery company for $7.3 billion.
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Wall Street plunges to close with biggest one-day loss since mid-March

Thu, 06/11/2020 - 15:01
Wall Street plummeted on Thursday as investors reacted to renewed fears of a pandemic resurgence and digested dour economic forecasts from the U.S. Federal Reserve.
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Microsoft bans police face recognition sales as Big Tech reacts to protests

Thu, 06/11/2020 - 14:21
Microsoft Corp on Thursday said it would await federal regulation before selling facial recognition to police departments, making it the latest big firm to back away from the surveillance business following protests against police brutality.
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Google to ban targeting housing ads based on gender, age

Thu, 06/11/2020 - 14:17
Alphabet Inc's Google said on Thursday it was tackling unlawful discrimination by barring housing, employment and credit ads from being targeted to users based on their postal code, gender, age, parental status or marital status.
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Zuckerberg's former aide Chris Cox returns to Facebook as product head

Thu, 06/11/2020 - 14:09
Facebook Inc's former chief product officer, Chris Cox, is returning to his role, according to his post https://www.facebook.com/photo.php?fbid=10105509261342903&set=a.692319249513&type=3&theater on the social media platform.
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Oil prices slump 8% as virus-related demand concerns resurface

Thu, 06/11/2020 - 14:05
Oil prices tumbled about 8% a barrel on Thursday, fuelled by renewed concerns about demand destruction as new cases of coronavirus tick up globally, while crude inventories hit a record in the United States.
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Yum sues Grubhub for allegedly violating delivery deal

Thu, 06/11/2020 - 14:01
Yum Brands Inc filed a lawsuit against Grubhub Inc on Thursday for allegedly violating terms of a food delivery deal, a day after Europe's Just Eat Takeaway.com agreed to buy the U.S. food delivery platform for $7.3 billion.
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British Airways turns to Damien Hirst in its hour of need

Thu, 06/11/2020 - 14:00
British Airways will sell at least 10 works of art that normally hang in its executive lounges, a source said, turning to pieces by famous artists like Damien Hirst to raise millions of pounds to help it through the coronavirus pandemic.
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Nestle explores sale of Pure Life in overhaul of water business

Thu, 06/11/2020 - 13:49
Nestle is exploring a potential sale of part of its North American water business, including the Pure Life brand, it said on Thursday, as the food giant shifts focus to better performing brands.
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Microsoft declines to sell facial recognition tech to police

Thu, 06/11/2020 - 13:44
Microsoft Corp said on Thursday it would not sell its facial-recognition technology to police departments until there is a federal law regulating the technology.
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How Uber hailed a deal with Grubhub only to let it slip

Thu, 06/11/2020 - 13:34
Uber Technologies Inc CEO Dara Khosrowshahi has spent much of his career deftly negotiating acquisitions. Yet his $6.5 billion all-stock bid for Grubhub Inc ended with the food delivery company being acquired by European rival Just Eat Takeway.com NV.
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U.S. stocks plunge on dire economic forecasts and pandemic resurgence

Thu, 06/11/2020 - 13:33
Wall Street tumbled in a broad sell-off on Thursday, with the Dow plunging well over 5%, as a cautionary economic forecast from the U.S. Federal Reserve and the prospect of a possible resurgence of COVID-19 infections put investors in risk-off mode.
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Instant View: Wall Street backslides on economic gloom, uptick in virus cases

Thu, 06/11/2020 - 13:33
Wall Street indexes nosedived on Thursday, on track for their worst days since early in the coronavirus pandemic as investors reassessed a stocks resurgence after the Fed issued a gloomy growth forecast and infections showed signs of upswing.
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Lloyds Bank fined $81 million for overcharging mortgage customers

Thu, 06/11/2020 - 13:27
Britain's biggest domestic bank Lloyds has been fined 64 million pounds ($81.2 million) by the Financial Conduct Authority for mistreating hundreds of thousands of mortgage customers in financial difficulties.
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Uber, Lyft drivers are employees, says California regulator

Thu, 06/11/2020 - 13:25
Drivers working for ride-hailing services such as Uber Technologies Inc and Lyft Inc will be considered employees under California's new gig worker law, the state's leading industry regulator said on Thursday.
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Yum sues Grubhub for violating delivery deal

Thu, 06/11/2020 - 13:24
Yum Brands Inc filed a lawsuit against Grubhub Inc on Thursday for allegedly violating terms of its food delivery partnership, a day after Europe's Just Eat Takeaway.com NV agreed to buy the company for $7.3 billion.
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Comcast, media mogul Byron Allen reach carriage deal

Thu, 06/11/2020 - 13:09
Comcast Corp said on Thursday it reached a content carriage deal with comedian-turned media mogul Byron Allen, who withdrew a lawsuit about racial bias against channels owned by African Americans.
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