Reuters Company News

General Motors Co's top executive struck an optimistic note on Monday about U.S. new vehicle demand despite the coronavirus pandemic, and the ability to sell electric vehicles at a profit, especially in China.

U.S. airline passengers who refuse to wear facial coverings could have their flying privileges revoked, the industry's main lobby group said on Monday.

Proxy adviser Institutional Shareholder Services Inc (ISS) on Monday urged Tesla Inc shareholders to vote against the re-election of chairwoman Robyn Denholm at the electric carmaker's annual meeting next month.

The U.S. Food and Drug Administration on Monday revoked its emergency use authorization for hydroxychloroquine to treat COVID-19, but quickly came under fire from President Donald Trump, who said only U.S. agencies have failed to grasp its benefit in fighting the coronavirus.

Brazil's state-run oil company Petroleo Brasileiro SA said on Monday it had begun the non-binding phase for the sale of four thermoelectric plants, as part of a broader divestment strategy to shed assets and pay down debt.

The New York Stock Exchange will allow a limited number of market makers to return to its trading floor on Wednesday, nearly three months after closing it due to the coronavirus pandemic.

Hedge fund Starboard Value LP managing member Peter Feld stepped down from AECOM's board in protest over the selection of a new chief executive that sidestepped a search process overseen by him, the U.S. engineering company disclosed on Monday.

Investment bank Raymond James Financial Inc on Monday said it fired an employee after a video https://twitter.com/jaimetoons/status/1271300265170186240 posted on Twitter showed him and his wife question a man who painted "Black Lives Matter" outside what he says is his home in San Francisco.

Six former eBay Inc employees have been criminally charged with cyberstalking a Massachusetts couple who published an online newsletter viewed as critical of the e-commerce company, federal prosecutors in Boston said on Monday.

Apple Inc on Monday released the results of a study that found its App Store spurred $458 billion in sales last year from categories such as retail of physical goods, ride-hailing and advertising from which the iPhone maker takes no commission.

Planemaker Embraer said on Monday it will receive a $600 million loan, financed partly by Brazil's government, to help the company weather the coronavirus crisis that has ravaged the air travel industry.

Mexican President Andres Manuel Lopez Obrador said on Monday he would sell gasoline to Venezuela for "humanitarian" reasons if asked to, despite U.S. sanctions on the South American country and its state-run oil firm, PDVSA.

U.S. homebuilder Lennar Corp on Monday reported a better-than-expected quarterly profit and forecast full-year deliveries above estimates, as home sales rebound due to the economy gradually reopening following coronavirs-led lockdowns.

NEW YORK, June 15 (LPC) - Venture lending business development companies (BDCs) are becoming increasingly active in the private credit space as the coronavirus pandemic continues to weigh down more traditional sources of lending for small and mid-sized companies.

Walt Disney Co’s ABC News has placed on leave one of its top executives, Barbara Fedida, while it investigates press reports that she made racist comments, among other inappropriate behavior, according to the network.

The U.S. Food and Drug Administration on Monday issued a warning to healthcare providers against administering malaria drug hydroxychloroquine or chloroquine in combination with Gilead Sciences' experimental COVID-19 drug, remdesivir.

Electric carmaker Tesla Inc is negotiating possible incentives with a Texas county that could bring a new auto assembly plant to the area near Austin, the state capital, the Austin American-Statesman reported on Monday.

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Six former eBay Inc employees have been criminally charged with cyberstalking a Massachusetts couple who published an online newsletter viewed as critical of the e-commerce company, federal prosecutors in Boston said on Monday.