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Walmart to stop keeping 'multicultural' beauty products in locked display cases

Reuters Business News - Thu, 06/11/2020 - 05:56
Walmart Inc will stop keeping personal care products designed for people of color in locked display cases, the retailer said, after the practice drew flak online with many saying it suggested customers for these products cannot be trusted.
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Bombardier to cut Belfast workforce by around 400

Reuters Business News - Thu, 06/11/2020 - 05:53
Canadian plane maker Bombardier Inc is to cut around 400 jobs in its Northern Ireland operations, it said on Thursday, part of plans announced last week to cut 2,500 jobs or about 11% of the workforce in its global aviation unit.
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Renault nationalisation, state cash injection not on the table: chairman

Reuters Business News - Thu, 06/11/2020 - 05:12
A further investment by the French government in Renault's capital would not be the most pertinent or useful use of state resources, the carmaker's chairman said on Thursday, adding that nationalisation of the firm was not being contemplated.
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Biting passenger delays flight? No compensation needed, says EU court

Reuters Business News - Thu, 06/11/2020 - 05:09
Airlines don't need to compensate passengers if a flight is delayed by one person biting another as it is an "extraordinary circumstance", the EU's top court ruled on Thursday after a customer sued Portuguese airline TAP over such an incident.
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Just Eat Takeaway's Grubhub grab tests expansion appetite

Reuters Business News - Thu, 06/11/2020 - 05:04
Just Eat Takeaway's proposed $6 billion takeover of Grubhub to create a trans-Atlantic giant that could thwart Uber's food delivery ambitions has raised concerns among some analysts about the pace of the European company's expansion.
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Lloyds Bank fined $81 million for mortgage arrears failures

Reuters Business News - Thu, 06/11/2020 - 04:28
Britain's Financial Conduct Authority said on Thursday it has fined Lloyds Bank 64 million pounds ($81.26 million) for failures in handling mortgage arrears.
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'Fifty drivers fight for one order': Southeast Asia gig economy slammed by virus

Reuters Business News - Thu, 06/11/2020 - 04:15
Indonesian motorcycle taxi driver Aji chain-smokes and checks his smartphone constantly while waiting for orders by the roadside in downtown Jakarta on a hot June morning, but is staring at the prospect of another fruitless day.
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SoftBank buyback puts financial rigour in question, says S&P

Reuters Business News - Thu, 06/11/2020 - 04:14
Credit-rating firm S&P Global Ratings on Thursday questioned SoftBank Group Corp's financial discipline as the tech conglomerate pursues a massive 2.5 trillion yen ($24 billion) share buyback program in volatile markets.
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Unilever plans switch to UK holding company to cut complexity

Reuters Business News - Thu, 06/11/2020 - 04:08
Unilever proposed collapsing its Anglo-Dutch legal structure into a single holding company based in Britain on Thursday, nearly two years after shareholders sank an earlier plan to move its headquarters to the Netherlands.
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U.S. EPA orders Amazon, eBay to stop selling unsafe COVID-19 products: Bloomberg

Reuters Business News - Thu, 06/11/2020 - 04:02
E-commerce companies Amazon Inc and eBay Inc have been instructed by the U.S. Environmental Protection Agency (EPA) to stop selling unproven or unsafe disinfectants, including products falsely marketed as killing COVID-19, on their platforms, Bloomberg reported https://bloom.bg/3fcuLg5 on Thursday.
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Renault's Senard says relations with Nissan much improved

Reuters Business News - Thu, 06/11/2020 - 03:58
Renault 's partnership with Japan's Nissan has entered an "incredibly positive" phase after episodes of strained relations in recent years, the French carmaker's chairman Jean-Dominique Senard said on Thursday.
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British Airways to put artworks on sale in COVID-19 cash crunch

Reuters Business News - Thu, 06/11/2020 - 03:45
British Airways will sell at least 10 works of art from its extensive collection, a source said, to try to raise millions of pounds to boost its cash reserves as it struggles through the coronavirus pandemic.
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U.S. weekly jobless claims seen declining further, but millions still unemployed

Reuters Business News - Thu, 06/11/2020 - 03:26
Layoffs in the United States are abating, but millions who lost their jobs because of COVID-19 continue to draw unemployment benefits, suggesting the labor market could take years to heal from the pandemic even as businesses resume hiring workers.
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Unilever plans switch to British holding company to cut complexity

Reuters Business News - Thu, 06/11/2020 - 03:17
Unilever proposed combining its Dutch and British legal entities in a single holding company based in Britain on Thursday, after shareholders sank an earlier plan to move the global consumer goods group's headquarters to the Netherlands.
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Unilever's UK move is vote of confidence: British minister

Reuters Business News - Thu, 06/11/2020 - 03:17
Unilever's decision to base the company solely in Britain and not in the Netherlands represented a vote of confidence in the country, said British business minister Alok Sharma.
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Dutch government regrets Unilever's British HQ decision

Reuters Business News - Thu, 06/11/2020 - 03:09
The Dutch government on Thursday said it regretted Unilever's choice to base the company solely in Britain and not in the Netherlands.
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Just Eat Takeaway dip again after $7.3 billion U.S. Grubhub buy

Reuters Business News - Thu, 06/11/2020 - 02:58
European food-ordering firm Just Eat Takeaway.com NV's proposed $7.3 billion all-share acquisition of U.S. peer Grubhub Inc was met with investor scepticism, sending its shares down 2.5% to 83.26 euros at the start of trade on Thursday.
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Nokia names new finance chief in management revamp

Reuters Business News - Thu, 06/11/2020 - 02:40
Finnish telecoms equipment maker Nokia named a new finance chief on Thursday, completing an overhaul of its top executive team as it battles rivals Ericsson and Huawei [HWT.UL] for work on lucrative 5G networks.
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China auto sales up for second straight month after almost two-year slump

Reuters Business News - Thu, 06/11/2020 - 02:34
China's auto sales in May rose 14.5% from the same month a year earlier, industry data showed on Thursday, the second consecutive month of increase as the world's biggest vehicle market recovers from lows hit during coronavirus lockdowns.
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Nokia to replace CFO in management revamp

Reuters Business News - Thu, 06/11/2020 - 02:25
Finnish telecoms network maker Nokia said on Thursday it has appointed Marco Wiren as chief financial officer following changes of its chairman and chief executive this year.
Categories: Reuters
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