Reuters Company News

Drugstore chain CVS Health Corp joined Walmart Inc in announcing it will stop keeping beauty and personal care products designed for people of color in locked display cases, after the practice drew criticism online.

Motiva Enterprises plans to cut about 200 salaried and professional contract employees by September and reorganize some operations because of the economic impact of the coronavirus pandemic, sources familiar with the company’s plans said on Friday

Motiva Enterprises plans to cut about 200 salaried and professional contract employees by September as well as reorganize because of the economic impact of the COVID-19 pandemic, sources familiar with the company’s plans said on Friday

White House economic adviser Larry Kudlow said on Friday the administration of U.S. President Donald Trump is not concerned about a second wave of coronavirus cases, the Wall Street Journal reported.

Hertz Global Holdings Inc said it won bankruptcy court approval on Friday to sell up to $1 billion in stock, capitalizing on a remarkable rally in its shares driven by speculators defying conventional market wisdom.

Brazil's Petroleo Brasileiro SA has told shippers it will not hire any tankers that have visited Venezuela in the past 12 months, the state-controlled oil company said on Friday, signaling adherence to U.S. sanctions on the Latin American nation.

Facebook Inc fired an employee who had criticized Chief Executive Mark Zuckerberg's decision not to take action against inflammatory posts by U.S. President Donald Trump this month, citing his tweet challenging a colleague's silence on the issue.

Mexican state-owned oil company Pemex revised its July term pricing formulas for crude oil shipped to its international customers, the company said on Friday. The following table lists adjustments to price constants for Pemex's flagship Maya heavy crude, as well as its Isthmus and Olmeca grades, to buyers in the Americas, Europe and Asia: DESTINATION JUNE CONSTANT JULY CONSTANT ---------------- ---------------- ---------

Britain's Cineworld Group Plc said on Friday it abandoned its $1.65 billion deal to buy Cineplex Inc, citing what it termed the Canadian company's breaches in the merger agreement between the cinema operators.

A Facebook Inc employee who criticized Chief Executive Mark Zuckerberg's decision not to take action against inflammatory posts by U.S. President Donald Trump this month said on Friday that the social media company had fired him.

A series of studies in mice of Moderna Inc's COVID-19 lent some assurance that it may not increase the risk of more severe disease, and that one dose may provide protection against the novel coronavirus, according to preliminary data released on Friday.

Britain's Cineworld Group Plc said on Friday it abandoned its deal to buy Canada's Cineplex Inc, citing breaches in the merger agreement between the cinema operators.

Google and the National Football League have joined a growing list of U.S. private sector organizations choosing to commemorate June 19th, the date marking the emancipation of the last remaining slaves at the end of the U.S. Civil War.

A bankruptcy judge on Friday approved Hertz Global Holdings Inc's proposal to sell up to $1 billion in shares, as the car rental firm looks to cash in on a huge speculative rise in its share price since filing for bankruptcy late last month.

A Facebook Inc employee who criticized Chief Executive Mark Zuckerberg's decision not to take action against inflammatory posts by U.S. President Donald Trump this month said on Friday that the social media company had fired him.

A Kansas regulatory commission disclosed that it is considering an investigation into whether power utility Evergy Inc's agreement with hedge fund Elliott Management could end up costing consumers.

A Brazilian labor court on Friday ordered the closure of a chicken plant owned by the world's largest meatpacker, JBS SA, in the southern state of Rio Grande do Sul for 14 days while the company's workforce is tested for COVID-19.

First Majestic Silver Corp has asked Canada's ambassador to Mexico to intervene in an escalating tax dispute with President Andres Manuel Lopez Obrador's government, the Canadian miner's chief executive said on Friday.

* U.S. stocks post biggest weekly percentage drops since March 20

Shareholders of Mexico's stock exchange on Friday elected Marco Martinez, the former president of Spanish bank Santander's Mexican unit, to be its new board president.