Feed aggregator
U.S. House panel calls on Amazon's Bezos to testify on company practices
The U.S. House of Representatives Judiciary Committee on Friday called on Amazon founder Jeff Bezos to testify to the panel about "competition concerns" related to the company's business practices.
Categories: Reuters
Think Wall Street's back to normal? Not so fast, options markets say
Options investors are preparing for more volatility ahead despite last month's sharp rebound in U.S. stocks, reflecting doubts that markets will be quick to return to their former highs in the middle of the coronavirus pandemic.
Categories: Reuters
Ford Chairman's daughter joins board of directors at EV startup Rivian
Ford Motor Co said on Friday Executive Chairman Bill Ford Jr's daughter would immediately join electric vehicle startup Rivian's board of directors.
Categories: Reuters
Take Five: Trade winds to blow again?
China has headed off on Labour Day holidays but its leaders won't be resting easy. U.S. President Donald Trump has ratcheted up anti-China rhetoric again. He is threatening trade tariffs to punish Beijing for its alleged failure to contain the coronavirus, even accusing a Chinese lab of manufacturing the pathogen.
Categories: Reuters
Big Mac at a distance: Dutch McDonald's trials virus-proof restaurant
Big Macs delivered on meal trolleys, hand sanitizers at the entrance and designated waiting spots to separate customers could become a feature of McDonald's restaurants in the Netherlands when they are allowed to reopen.
Categories: Reuters
Wall Street slides at open as Trump warns of new tariffs on China
U.S. stocks fell at open on Friday after President Donald Trump threatened to slap new tariffs on China over the coronavirus crisis, while Apple and Amazon became the latest companies to warn of more pain in the future.
Categories: Reuters
Ryanair boss decries 'state aid doping' as airline sheds 3,000 jobs
Ryanair is laying off 15% of its staff in a cost-cutting drive as coronavirus restrictions prevent a return to normal service until 2021 and rivals receive billions in state aid to get back in the air, its chief executive said on Friday.
Categories: Reuters
Wall Street set to slide at open as Trump warns of new China tariffs
U.S. stock indexes were set to fall at the open on Friday after President Donald Trump threatened to slap new tariffs on China over the coronavirus crisis, while Apple and Amazon became the latest companies to warn of more pain in the future.
Categories: Reuters
Chevron CEO Wirth says no plans to leave Venezuela: CNBC
Chevron Corp has no plans to wind down all operations or exit Venezuela, Chief Executive Officer Mike Wirth told CNBC, days after the Trump administration barred the U.S. oil major from drilling or transporting oil in the South American nation.
Categories: Reuters
Futures slide as Trump threatens new tariffs on China
U.S. stock index futures slid on Friday after President Donald Trump threatened to slap new tariffs on China over the coronavirus crisis, while Apple and Amazon became the latest companies to warn of more pain in the future.
Categories: Reuters
World stocks fall further after Trump's China tariff threat
World stocks pulled back further on Friday on grim U.S. economic data and President Donald Trump's threat to impose new tariffs on China over the coronavirus crisis.
Categories: Reuters
Ryanair to cut 3,000 jobs as the coronavirus crisis drags on
Ryanair plans to cut 3,000 jobs and talk to Boeing about delaying plane deliveries as it does not expect European air traffic to recover fully from the coronavirus crisis until 2022, the Irish airline said on Friday,
Categories: Reuters
For small business loan program, forgiveness may be the hardest part
The U.S. government's $660 billion small business rescue program has stumbled on missing paperwork, technology failure, and the misdirection of funds to big corporations. Now, it is lurching toward another hurdle: forgiving those hastily arranged loans.
Categories: Reuters
Stocks fall further after Trump's China tariff threat
World stocks pulled back further on Friday on grim U.S. economic data, mixed company results and President Donald Trump's threat to impose new tariffs on China over the coronavirus crisis.
Categories: Reuters
Trump threatens new tariffs on China in retaliation for coronavirus
U.S. President Donald Trump said on Thursday his hard-fought trade deal with China was now of secondary importance to the coronavirus pandemic and he threatened new tariffs on Beijing, as his administration crafted retaliatory measures over the outbreak.
Categories: Reuters
Ryanair sets mid-May deadline for talks on new Boeing MAX order
Ryanair aims to conclude talks with Boeing on a new plane order in the next two weeks, but possible price cuts or cancellations related to an existing 737 MAX order are also part of the discussions, its chief executive said on Friday.
Categories: Reuters
For cloud giants, usage soars but tech investment delays hobble revenue growth
As lockdown orders force billions of people to work, learn and play from home during the novel coronavirus outbreak, usage has surged for the cloud computing services that power video conferencing, streaming television and online games.
Categories: Reuters
Boeing raises $25 billion in blowout debt sale, eschews government aid
Boeing Co raised $25 billion in a bond offering on Thursday, a blowout result for the planemaker, which it said helped the company avoid taking government aid during the coronavirus-induced travel downturn.
Categories: Reuters
Greggs shares slide after British store reopenings postponed
Shares in British baker and takeaway food group Greggs tumbled as much as 7.3% on Friday after it reversed a decision to re-open some stores, leading analysts to question how it can successfully emerge from the country's coronavirus lockdown.
Categories: Reuters