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Updated: 4 years 22 weeks ago
UPDATE 1-Facebook sues individuals for offering to extract data, gather likes
Facebook Inc said on Thursday it
filed lawsuits against individuals in Europe and the United
States for abusing its platforms to offer automated tools for
scraping users' personal data and gathering likes.
Categories: Business News
UPDATE 2-Kroger says demand easing after coronavirus stockpiling
U.S. supermarket chain Kroger Co
stopped short of raising its annual forecasts on Thursday,
saying a coronavirus-driven surge in demand for essential goods
was fading as American households reconsider what they have on
their shelves.
Categories: Business News
Startup led by ex-Goldman Sachs HR chief launches diversity and inclusion index
Eskalera, a technology startup
led by Goldman Sachs former human resources head Dane Holmes,
has launched an index to measure corporate diversity and
inclusiveness, the firm said on Thursday.
Categories: Business News
Bombardier CEO says rail deal with Alstom remains on track
Bombardier's chief
executive told shareholders at its annual general meeting on
Thursday that a deal to sell its rail division to France's
Alstom SA remains "pretty much on track to our
original timeline."
Categories: Business News
Development banks double down on Latin America as bank loans slump
NEW YORK, June 18 (LPC) - Global development banks are
mobilizing billions of US dollars in capital to fund initiatives
in Latin America as commercial bank lending slumps throughout
the region, which is grappling with a spike in coronavirus cases
and a severe dip in projected economic performance.
Categories: Business News
UPDATE 2-Colgate reviewing Chinese toothpaste brand Darlie amid debate on racial inequality
Colgate-Palmolive on
Thursday said it was working to review and evolve its Chinese
toothpaste brand, Darlie, the latest in a string of brand
reassessments amid a U.S. debate on racial inequality.
Categories: Business News
UPDATE 1-Amazon and Valentino file joint lawsuit over shoe counterfeiting
Italian luxury brand Valentino
and Internet giant Amazon have filed a joint lawsuit
against New York-based Kaitlyn Pan Group for allegedly
counterfeiting Valentino shoes and offering them for sale
online.
Categories: Business News
UPDATE 2-Deutsche Bank to pay $10 mln over spoofing charges, reporting failures -CFTC
Deutsche Bank AG will pay
more than $10 million to settle federal court charges of market
manipulation and of alleged violations of data reporting
obligations, the U.S. Commodity Futures Trading Commission said
on Thursday.
Categories: Business News
Facebook sues individuals for unauthorized use of automation tools
Facebook Inc said on Thursday it
filed lawsuits against individuals in Europe and the United
States for abusing its platforms by using unauthorized
automation software.
Categories: Business News
Canada firms developing voluntary mobile testing app for coronavirus - PM Trudeau
Canadian firms such as Shopify
Inc and Blackberry Ltd have helped develop a
mobile contact testing app for the novel coronavirus, Prime
Minister Justin Trudeau said on Thursday.
Categories: Business News
Johnson & Johnson in talks with governments on possible COVID-19 vaccine
Johnson & Johnson is in
talks with multiple governments and global organisations as it
seeks to develop a COVID-19 vaccine, it said on Thursday after
Reuters reported that the U.S. company is in talks over a
potential EU supply deal.
Categories: Business News
TREASURIES-Yields fall as coronavirus spread dents risk appetite
U.S. Treasury yields fell on
Thursday after cases of the novel coronavirus rose in several
U.S. states, raising concerns that the economy may not bounce
back as quickly as hoped.
Several U.S. states reported a surge in new coronavirus
infections on Wednesday and the daily count of infections also
hit a new benchmark in California and Texas.
Around 400 workers also tested positive for the virus at an
Categories: Business News
GLOBAL MARKETS-World stock markets slip on second wave virus fears, safe-havens rise
Global stock markets
drifted lower on Thursday as an increase in new coronavirus
cases in some U.S. states and China crushed hopes of a swift
economic comeback from the pandemic, underpinning demand for
safe-haven currencies such as the dollar and Japanese yen.
Categories: Business News
Engie Brasil CEO says perspective for buying 10% stake in TAG improved
The Brazilian subsidiary of
France's Engie SA is considering buying from local
state-run oil company Petrobras its remaining 10% stake in the
natural gas pipeline company TAG, given the positive performance
of the business, Engie Brasil's Chief Executive said on
Thursday.
Categories: Business News
DoorDash valued at $16 bln in pre-IPO funding round
DoorDash said https://blog.doordash.com/doordash-raises-additional-capital-from-new-investors-8e3dc6303322
on Thursday it was looking to raise about $400 million from
investors, valuing the food delivery company at about $16
billion ahead of its initial public offering (IPO).
Categories: Business News
CORRECTED (OFFICIAL)-UPDATE 2-Chanel warns virus impact will linger on luxury sector
The luxury industry will
feel the fallout from the coronavirus crisis for the next two
years if not longer, Chanel's chief financial officer said on
Thursday, warning the French fashion label's 2020 revenues and
profit would be significantly hit.
Categories: Business News
UPDATE 1-DC superheroes coming to your headphones as Spotify signs podcast deal
Podcasts featuring Batman, Wonder Woman
and Superman will soon stream on Spotify as the Swedish music
streaming company has signed a deal with AT&T Inc's Warner
Bros and DC Entertainment.
Categories: Business News