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U.S. stock futures resume coronavirus rout as trading resumes

Reuters Business News - Sun, 03/01/2020 - 18:45
U.S. stock index futures tumbled when trading reopened on Sunday night with investors still unnerved by coronavirus and taking little solace from weekend comments by U.S. officials that aimed to soothe panic about a pandemic.
Categories: Reuters

American Airlines waives change fees as United braces for new flight cancellations

Reuters Business News - Sun, 03/01/2020 - 17:47
American Airlines Group Inc said on Sunday it was waiving change fees on all newly purchased tickets amid declining air travel demand because of the new coronavirus outbreak.
Categories: Reuters

U.S. bank lobby economist predicts global rate cut coming ... this Wednesday

Reuters Business News - Sun, 03/01/2020 - 17:37
Investors battered by the breathtaking drop in global stock markets on coronavirus fears are ever more convinced the world's big central banks, including the Federal Reserve, will soon step in to try to quell the storm.
Categories: Reuters

Canada and indigenous group reach tentative deal in dispute that led to road, rail blockades

Reuters Business News - Sun, 03/01/2020 - 17:31
Canadian authorities on Sunday reached a tentative deal with an indigenous group in the Pacific province of British Columbia that could end solidarity protests across Canada that have been blocking rail lines and roads for weeks.
Categories: Reuters

Britain vows to drive hard bargain in U.S. trade talks

Reuters Business News - Sun, 03/01/2020 - 17:15
British Prime Minister Boris Johnson warned he would drive a hard bargain with the United States in upcoming trade talks as the government sets out its negotiating position on Monday.
Categories: Reuters

United Airlines CEO says it 'likely' it will need to cut additional flights

Reuters Business News - Sun, 03/01/2020 - 15:37
United Airlines Chief Executive Oscar Munoz told employees the U.S. airline would likely need to cut additional flights in the wake of sagging demand because of the coronavirus outbreak, the airline confirmed on Sunday.
Categories: Reuters

Exclusive: Norway wealth fund could blacklist four major climate culprits

Reuters Business News - Sun, 03/01/2020 - 13:39
Norway's $1 trillion wealth fund will exclude four companies for their vast emissions of greenhouse gases, or at least put them on probation to force them to change, the chairman of its ethics watchdog told Reuters.
Categories: Reuters

Advent-led consortium to spend 'billions' on expanding Thyssenkrupp Elevator

Reuters Business News - Sun, 03/01/2020 - 12:27
The consortium that won the bid to acquire Thyssenkrupp's elevators division wants to spend billions of euros on expanding the business, a manager at one of three partners said in remarks published on Sunday.
Categories: Reuters

Citgo, Aruba reach deal to transfer control of refinery to island government

Reuters Business News - Sun, 03/01/2020 - 09:31
U.S. refiner Citgo has reached an agreement with Aruba to transfer control of the San Nicolas refinery to the island's government, Citgo said late on Saturday, after the two parties last year suspended a contract to overhaul the facility.
Categories: Reuters

Saudi Aramco shares hit lowest since IPO, down over 2%

Reuters Business News - Sun, 03/01/2020 - 04:02
Shares of Saudi Aramco hit 32.50 riyals ($8.66) in intraday trade on Sunday, the lowest since it began trading in December following a record initial public offering, as oil prices plunged amid worries about the global spread of the coronavirus.
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American Airlines suspending flights to Milan after U.S. travel warning

Reuters Business News - Sat, 02/29/2020 - 21:56
American Airlines Inc will suspend all U.S. flights to Milan, the airline said late on Saturday, just hours after the U.S. State Department said it was raising its travel warning for parts of Italy due to the coronavirus outbreak.
Categories: Reuters

Venezuela revamps PDVSA leadership after Maduro launches restructuring

Reuters Business News - Sat, 02/29/2020 - 17:21
Venezuela has named new vice presidents for four units of state oil company PDVSA, as well as a new president for the unit that handles joint ventures with private oil companies, PDVSA said on Saturday.
Categories: Reuters

Wall Street Weekahead: Main Street leans toward Sanders, but Wall Street says Trump

Reuters Business News - Sat, 02/29/2020 - 12:05
Vermont Senator Bernie Sanders may be surging in the polls ahead of Super Tuesday, but some on Wall Street have made their own conclusions on what November will bring: four more years of President Donald Trump.
Categories: Reuters

Toyota plans new $1.2 billion EV plant in Tianjin with FAW: document

Reuters Business News - Sat, 02/29/2020 - 05:40
Japanese automaker Toyota plans to build a new electric vehicle plant in the Chinese city of Tianjin with its local partner FAW Group, a document from the local authorities showed.
Categories: Reuters

Elliott targets Twitter, seeking CEO Dorsey's removal: sources

Reuters Business News - Sat, 02/29/2020 - 01:30
Hedge fund Elliott Management Corp has amassed a stake in Twitter Inc and is pushing for changes, including removal of the social media company's chief executive, Jack Dorsey, two people familiar with the matter said on Friday.
Categories: Reuters

USTR vows to push for trade deals with Britain, EU; seeks reforms at WTO

Reuters Business News - Fri, 02/28/2020 - 23:24
The Trump administration on Friday said it would focus on concluding new trade agreements with Britain, the European Union and Kenya over the coming year, while strictly enforcing trade laws and pushing for reforms of the World Trade Organization.
Categories: Reuters

Harley-Davidson looks for new leadership to end its sales struggle

Reuters Business News - Fri, 02/28/2020 - 23:09
Harley-Davidson Inc on Friday named a board member hailed for turning around the Puma brand's near-bankrupt business as its interim chief as the motorcycle maker gropes for an effective strategy to woo young customers and revive sales.
Categories: Reuters

Elliott built a stake in Twitter, is pushing for changes: sources

Reuters Business News - Fri, 02/28/2020 - 22:49
Activist hedge fund Elliott Management, which often pushes technology companies to improve operations, has built a stake in Twitter Inc and is pushing for changes, including removing the chief executive officer, two people familiar with the matter said on Friday.
Categories: Reuters

UBS CEO's pay slips to $1 million a month as Swiss bank's top bosses pocket $113 million

Reuters Business News - Fri, 02/28/2020 - 20:51
UBS Chief Executive Sergio Ermotti, one of Europe's best paid bankers, earned 12.5 million francs in 2019, down from 14.1 million in 2018 after the bank was hit with a multi-billion-euro court case and it missed earnings goals.
Categories: Reuters

Sanofi to pay $11.9 million to resolve U.S. drug charity kickback probe

Reuters Business News - Fri, 02/28/2020 - 20:51
Sanofi SA has agreed to pay $11.85 million to resolve U.S. allegations that it used a charity that helps cover Medicare patients' out-of-pocket drug costs as a means to pay them kickbacks to use a high-priced multiple sclerosis drug.
Categories: Reuters
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