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Coty to appoint Chairman Peter Harf as its new CEO: WSJ

Reuters Business News - Sun, 05/31/2020 - 18:30
Coty Inc is set to announce that Peter Harf, its current chairman, will become the cosmetics company's new chief executive officer, replacing Pierre Laubies, the Wall Street Journal reported on Sunday, citing people familiar with the matter.
Categories: Reuters

Amazon's Jeff Bezos invests in UK digital freight forwarder Beacon

Reuters Business News - Sun, 05/31/2020 - 13:47
Amazon.com Inc Chief Executive Jeff Bezos has picked British startup Beacon, a digital freight forwarder, for his latest investment.
Categories: Reuters

Exclusive: Mexican broadcaster Televisa to launch mobile phone service, challenging Slim

Reuters Business News - Sun, 05/31/2020 - 12:06
Mexican broadcaster Televisa said on Sunday it will start offering mobile phone service, a bid to challenge billionaire Carlos Slim's America Movil, which has long dominated the country's telecommunications market.
Categories: Reuters

Embraer negotiating $600 million bank financing for exports

Reuters Business News - Sun, 05/31/2020 - 12:00
Brazilian planemaker Embraer SA , the world's third largest commercial jet builder, should obtain $600 million in credit lines from Brazil's state development bank BNDES and private banks in June, government sources said on Sunday.
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Russia has no objection to earlier OPEC+ meeting: sources

Reuters Business News - Sun, 05/31/2020 - 10:11
Russia has no objection to the next meeting of OPEC and its allies, known as OPEC+, being brought forward to June 4 from the following week, three OPEC+ sources familiar with the meeting's preparations told Reuters on Sunday.
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Renault chairman dismisses fears over potential Maubeuge closure

Reuters Business News - Sun, 05/31/2020 - 09:11
Renault has no plans to close its Maubeuge plant in northern France, Chairman Jean-Dominique Senard said on Sunday, two days after the carmaker announced 15,000 job cuts globally as part of a major restructuring.
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EU trade commissioner Hogan mulling candidacy for WTO chief

Reuters Business News - Sun, 05/31/2020 - 08:16
European trade commissioner Phil Hogan is considering putting his name forward as a candidate to be the next director-general of the World Trade Organization, his spokesman said on Sunday.
Categories: Reuters

Wall Street Week Ahead: Investors eye consumer discretionary stocks as U.S. reopens

Reuters Business News - Sun, 05/31/2020 - 08:08
Investors are taking a closer look at the market's consumer discretionary companies as a reopening U.S. economy fuels hopes of a turnaround for some of the sector's hardest-hit names.
Categories: Reuters

Investors eye consumer discretionary stocks as U.S. reopens

Reuters Business News - Sun, 05/31/2020 - 08:04
Investors are taking a closer look at the market's consumer discretionary companies as a reopening U.S. economy fuels hopes of a turnaround for some of the sector's hardest-hit names.
Categories: Reuters

Exclusive: Zoom plans to roll out strong encryption for paying customers

Reuters Business News - Sun, 05/31/2020 - 04:29
Video conferencing provider Zoom plans to strengthen encryption of video calls hosted by paying clients and institutions such as schools, but not by users of its free consumer accounts, a company official said on Friday.
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Amazon removes racist messages after they appear on some product listings

Reuters Business News - Sun, 05/31/2020 - 02:58
Amazon.com Inc said it was removing certain images after messages using extremely strong racist abuse appeared on some listings on its UK website when users searched for Apple's AirPods and other similar products.
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Google postpones Android 11 unveiling amid U.S. protests

Reuters Business News - Sat, 05/30/2020 - 14:09
Alphabet Inc's Google on Saturday said it has postponed next week's planned unveiling of the beta version of its latest Android 11 mobile operating system in light of protests and unrest in the United States.
Categories: Reuters

Credit Suisse's Rohner sees no big hit from oil & gas exposure: SRF

Reuters Business News - Sat, 05/30/2020 - 12:39
Credit Suisse will not take a significant hit from its exposure to the battered oil and gas sector, Chairman Urs Rohner told Swiss state broadcaster SRF on Saturday.
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Lufthansa accepts tweaked demands by Brussels over state bailout

Reuters Business News - Sat, 05/30/2020 - 06:19
Lufthansa's management board has accepted a more favourable set of demands from the European Commission in exchange for approval of a 9 billion euro ($10 billion) government bailout, the carrier said on Saturday, paving the way for its rescue.
Categories: Reuters

U.S. pipeline operator Energy Transfer warns of coming job cuts

Reuters Business News - Fri, 05/29/2020 - 20:23
U.S. pipeline operator Energy Transfer LP will begin cutting about 6% of its workforce next week, underscoring the spreading impact of weak oil and gas prices on the energy business.
Categories: Reuters

Sale of shut Philly refinery to real estate developer delayed

Reuters Business News - Fri, 05/29/2020 - 19:57
The closing of a $252 million sale of the Philadelphia Energy Solutions (PES) oil refinery to a Chicago-based real estate developer has been delayed, a city official and source with knowledge of the agreement said on Friday.
Categories: Reuters

Lyft violates Washington DC sick day law during pandemic, lawsuit claims

Reuters Business News - Fri, 05/29/2020 - 19:53
Lyft Inc was sued on Friday by a former driver who accused the ride-sharing company of failing to provide required paid sick leave to drivers in Washington, D.C., a policy she said could fuel the spread of the coronavirus.
Categories: Reuters

Exclusive: Zoom plans to roll out strong encryption for paying customers only

Reuters Business News - Fri, 05/29/2020 - 19:38
Zoom , the video conferencing provider whose business has boomed with the COVID-19 pandemic, plans to strengthen encryption on video calls made by paying clients and institutions like schools, but not for users of its popular free accounts, a company official said Friday.
Categories: Reuters

Edging closer to bailout, Lufthansa accepts tweaked demands by Brussels

Reuters Business News - Fri, 05/29/2020 - 19:04
Lufthansa's management board accepted a more favourable set of demands made by the European Commission in exchange for approval of a 9 billion euro ($10 billion) government bailout, the carrier said on Saturday, paving the way for its rescue.
Categories: Reuters

Wall Street ends mostly higher as U.S.-China spat simmers

Reuters Business News - Fri, 05/29/2020 - 18:02
U.S. stocks finished mostly higher on Friday after President Donald Trump announced measures against China in response to new security legislation that were less threatening to the U.S. economy than investors had feared.
Categories: Reuters
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