Business News

A decision on a key legal aspect of the trial over whether Huawei Technologies Chief Financial Officer Meng Wanzhou can be extradited to the United States from Canada will be announced next Wednesday, the British Columbia Supreme Court said on Thursday.

Hewlett Packard Enterprise on Thursday unveiled a plan to cut costs by at least $1 billion by 2022 and said it would reduce the base salary of its chief executive officer by 25%, in response to the impact of the COVID-19 pandemic.

President Donald Trump traveled on Thursday to the crucial U.S. election battleground state of Michigan to visit a Ford Motor Co plant amid tensions with its Democratic governor during the coronavirus pandemic, opting not to wear a protective face mask for the cameras.

U.S. doctors and others in the scientific community are calling for the release of data that convinced health regulators to authorize emergency use of Gilead Sciences Inc's antiviral drug remdesivir to treat COVID-19, so they can direct limited supplies on the right patients.

The U.S. Food and Drug Administration on Thursday identified 27 coronavirus antibody tests that should no longer be sold in the United States, following up on new regulations meant to weed out dubious tests and players that had entered the country under loose rules set in March.

U.S. frozen pork inventories fell in April, when they typically rise, and beef inventories dropped more than normal as the coronavirus pandemic shut slaughterhouses and prompted grocers to limit customers' buying, government data showed on Thursday.

France's Finance Minister Bruno Le Maire said he has not signed off on a 5 billion euro ($5.47 billion) state-guaranteed loan to help Renault cope with the fallout from the coronavirus, and that discussions continued.

Nvidia Corp on Thursday forecast second-quarter revenue above analysts' estimates, as demand surges for its chips used in data centers that power the shift to working remotely due to the coronavirus outbreak.

Global equities slid on Thursday on concerns about the long-term impact of the new coronavirus and resurgent U.S.-China tensions, though oil markets ignored those worries and marched to 2-1/2 month highs.

Macy's Inc said on Thursday it could rack up operating losses of up to $1.11 billion in the first quarter, as the department store operator was forced to shut stores due to lockdowns aimed at curbing the spread of the new coronavirus.

* Indexes: Dow -0.41%, S&P 500 -0.78%, Nasdaq -0.97% (Updates with market close)

Brazilian meatpacker JBS SA said on Thursday that operations at its plant in Passo Fundo, in the southern state of Rio Grande do Sul, were allowed to resume after the facility was closed by authorities due to an outbreak of the novel coronavirus.

Floodwaters that breached two privately-owned dams in Michigan began to recede on Thursday after displacing thousands of people and spreading to a Dow Chemical plant and a nearby hazardous waste cleanup site.

Mexico's president on Thursday said he was ready to negotiate over changes to the electricity market that angered firms and foreign allies, opening the door to a potential compromise that could ease tensions over energy policy.

* Best Buy falls as same-store sales slide (Updates with market close)

Brazil's real jumped on Thursday after the central bank said it remained ready to increase support for the currency and Mexico's peso hit its highest in nearly two months as oil prices rallied. But as the novel c

The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

General Motors Co will restart its eight-speed transmission line at its plant in Silao in Mexico's Guanajuato state on Thursday, according to a company message sent to workers.

General Motors Co will restart its eight-speed transmission line at its plant in Silao in Mexico's Guanajuato state on Thursday, according to a company message sent to workers.

Comcast Corp's Universal Studios Orlando theme park will reopen to the public at reduced capacity on June 5, the company said on Thursday.