Reuters Company News

Federal Reserve Chair Jerome Powell on Wednesday said the question remains open as to whether the U.S. central bank will use yield curve controls, reinforcing market expectations that it is gearing up to do so to stimulate the economy.

Los Angeles County officials said on Wednesday that movie and TV production could resume on Friday, but movie theaters in the biggest market in the United States must remain closed because of the coronavirus pandemic.

Men's Wearhouse owner Tailored Brands Inc said on Wednesday it may have to seek bankruptcy protection or discontinue operations, if the COVID-19 crisis continues to pummel sales.

At Fed Chair Jerome Powell's policy meeting press conference six weeks ago he talked repeatedly about the possibility of second and third waves of the novel coronavirus in the months ahead and the havoc that could wreak on the U.S. economy.

In the past, U.S. corporations have largely remained silent as protests erupted over killings of African-Americans by police officers. That changed with the May 25 death of George Floyd in Minneapolis, which has set off a flurry of corporate statements of solidarity with the black community – along with pledges of more than $1.7 billion to advance racial justice and equity.

The office that enforces labor laws in Brazil's Para state has stepped up an investigation into potential shortcomings in mining giant Vale's efforts to protect workers from the coronavirus, authorities said on Wednesday.

Copper prices rose for a fifth straight session on Wednesday to their highest since January, supported by firm demand and an improved technical picture.

European food ordering firm Just Eat Takeaway.com NV on Wednesday announced a $7.3 billion deal to buy U.S. food delivery firm Grubhub Inc and create the world's biggest food delivery company outside of China.

Los Angeles County officials said on Wednesday that movie and TV production could resume on Friday, but movie theaters in the biggest market in the United States must remain closed because of the coronavirus pandemic.

Amazon.com Inc said on Wednesday it was implementing a one-year moratorium on the use of its facial recognition software by the police following backlash over the use of racially biased surveillance technology amid ongoing protests in the United States. (Reporting by Ayanti Bera in Bengaluru; Editing by Anil D'Silva)

A bipartisan group of U.S. lawmakers on Wednesday introduced a bill that would provide more than $22.8 billion in aid for semiconductor manufacturers, aiming to spur the construction of chip factories in America amid a simmering strategic technology rivalry with China.

Aircraft parts maker Spirit AeroSystems Holdings Inc announced on Wednesday a 21-day layoff for staff doing production and support work for Boeing Co's 737 program.

Los Angeles County officials said on Wednesday that movie and TV production can resume on Friday, but movie theaters must remain closed because of the coronavirus epidemic.

The U.S. Federal Reserve on Wednesday signaled it plans years of extraordinary support for an economy facing a torturous slog back from the coronavirus pandemic, with policymakers projecting the economy to shrink 6.5% in 2020 and the unemployment rate to be 9.3% at year's end.

The dollar slid to a three-month low and a gauge of global stocks fell on Wednesday after the Federal Reserve projected a more sluggish recovery than the market expected, but the Nasdaq hit a fresh high on expectations of low interest rates past 2022.

Boeing supplier Spirit AeroSystems Holdings Inc announced on Wednesday a 21-day layoff for staff doing production and support work for Boeing's 737 program.

Tyson Foods Inc said on Wednesday it was cooperating with the U.S. Department of Justice on a price-fixing investigation in the poultry industry, under a program that could protect the meat processor from criminal prosecution.

ConocoPhillips Chief Executive Officer Ryan Lance on Wednesday expressed surprise at the quick rebound in U.S. oil prices that slipped into the negative territory in April and said he expects prices to remain volatile in the near term.

New York state filed civil charges on Wednesday accusing Endo International Plc of insurance fraud for misrepresenting the safety and efficacy of its opioid drugs, adding fuel to the nation's opioid crisis.

Ford Motor Co said on Wednesday it will recall 2.15 million U.S. vehicles with potentially faulty door latches.