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Updated: 4 years 23 weeks ago
UPDATE 1-'Gone with the Wind,' 'Cops' pulled as pop culture reckons with racism
Oscar-winning Civil War epic "Gone with
the Wind" was pulled from the HBO Max streaming service and
reality TV show "Cops" was canceled as America's reckoning with
systemic racism extended to its popular culture.
Categories: Business News
Nikola in talks with automakers for Badger pickup truck production -founder
Nikola Corp, a maker of
hydrogen-fueled vehicles, is in the process of picking a partner
to produce its Badger pickup truck, while also aiming to start
deliveries of its electric commercial big rigs next year,
founder Trevor Milton said on Wednesday.
Categories: Business News
U.S. lawmakers propose $22.8 bln in aid to semiconductor industry
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.
Categories: Business News
UPDATE 1-Pandemic will not be the end of office buildings, Brookfield CEO Flatt says
The coronavirus pandemic will
not be the end of office buildings, Brookfield Asset Management
Chief Executive Bruce Flatt said on Wednesday in an
interview with Reuters Breakingviews.
Categories: Business News
UPDATE 1-U.S. economy has hit turning point -White House's Kudlow
White House Economic Adviser
Larry Kudlow said on Wednesday the U.S. economy appears to have
hit a turning point after rapidly plunging into a recession due
to the coronavirus pandemic about three months ago.
Categories: Business News
UPDATE 2-American, Delta say demand uptick helping cash burn; United requiring health checklists
American Airlines
Group Inc and Delta Air Lines Inc said on
Wednesday that a modest recovery in demand was helping to slow
daily cash burn rates in June after the U.S. government reported
record low passenger numbers in April amid the coronavirus
pandemic.
Categories: Business News
Mexican same-store retail sales fall 19% in May - ANTAD
The members of Mexican
retailers' association ANTAD said on Wednesday that same-store
sales tumbled by 19.0% in May compared with the same month a
year earlier, as the impact of the coronavirus pandemic battered
demand.
Categories: Business News
U.S. economy has hit turning point -White House's Kudlow
White House Economic Adviser
Larry Kudlow said on Wednesday it appears that the U.S. economy,
plunged rapidly into a recession by the coronavirus pandemic
about three months ago, has already hit a turning point.
Categories: Business News
US STOCKS-S&P 500, Dow retreat as focus turns to Fed; Nasdaq hits fresh high
Categories: Business News
UPDATE 3-Europe's Just Eat Takeaway in advanced talks to buy U.S. delivery firm Grubhub
European food
ordering firm Just Eat Takeaway.com NV said on
Wednesday it was in advanced talks to buy Grubhub Inc
in an all-stock deal that, if completed, would create the
world's largest food delivery company by revenue.
Categories: Business News
U.S. FERC landowner protection rule likely to delay natgas projects
The U.S. government has adopted rules to
protect landowners affected by natural gas pipeline or liquefied
natural gas plant development by forbidding construction until
the Federal Energy Regulatory Commission (FERC) acts on requests
for rehearing of any decisions for a permit.
Categories: Business News
UPDATE 3-J&J moves up start of coronavirus vaccine human trials to July
Johnson & Johnson moved up the
start of human clinical trials for its experimental vaccine
against the highly contagious coronavirus by two months to the
second half of July, as the drugmaker rushes to develop a
prevention for COVID-19, the company said on Wednesday.
Categories: Business News
UPDATE 1-Cboe Futures Exchange plans launch of mini VIX futures
The Cboe Futures Exchange
submitted a regulatory filing on Tuesday to launch mini futures
on the Cboe Volatility Index as it looks to expand its
array of products that allow investors to guard against equity
market gyrations.
Categories: Business News
UPDATE 1-Boeing aims for key 737 MAX certification flight in late June - sources
Boeing Co is
aiming to conduct a key certification test flight on its
grounded 737 MAX jet in late June, two people briefed on the
matter said on Wednesday.
Categories: Business News
Pandemic will not be the end of office buildings -Brookfield CEO Flatt
The coronavirus pandemic will
not be the end of office buildings, Brookfield Asset Management
Chief Executive Bruce Flatt said on Wednesday in an
interview with Reuters Breakingviews.
Categories: Business News
METALS-Copper glides to highest since January on technicals, demand uplift
Categories: Business News
UPDATE 1-Italy's 5-Star struggles to win support for Milan Bourse takeover plan - sources
As the London Stock
Exchange seeks approval for its $27 billion takeover of
Refinitiv, uncertainty over the fate of its Italian exchange and
bond-trading operations has caused rifts among politicians in
Rome, two sources told Reuters.
Categories: Business News
Boeing aims to conduct key 737 MAX certification flight in late June - sources
Boeing Co is aiming
to conduct a key certification test flight on its grounded 737
MAX in late June, two people briefed on the matter said.
Categories: Business News
UPDATE 1-US court asked to force Facebook to release Myanmar officials' data for genocide case
Lawyers bringing a case
before the World Court accusing Myanmar of genocide against its
Rohingya Muslim minority have asked a U.S. district court to
order Facebook to release posts and communications of the
country's military and police.
Categories: Business News
