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Updated: 4 years 23 weeks ago
UPDATE 1-UK watchdog extends deadline for final ruling on Amazon's Deliveroo deal
Britain's competition regulator
has given itself two more months to make a final ruling on
Amazon's purchase of a minority stake in online
delivery group Deliveroo so it can take full account of
representations from all interested parties.
Categories: Business News
U.S. air passengers fell 96% in April to historic low -- government
U.S. airlines carried 3
million passengers in April, a staggering 96% decline amid the
coronavirus pandemic and flight restrictions, the Transportation
Department said Wednesday.
Categories: Business News
UPDATE 2-Ford to return to pre-COVID production rates in U.S. plants by early July, COO says
Ford Motor Co expects to
have its U.S. vehicle assembly plants return by early July to
building at the rates they did before the coronavirus pandemic
shut down the U.S. auto industry for two months, a top executive
said on Wednesday.
Categories: Business News
CANADA STOCKS-TSX edges higher ahead of U.S. Fed's economic outlook
TSX edges higher on Wednesday as shares
of precious metal miners were supported by higher gold prices,
while investors awaited the U.S. Federal Reserve's first
projections on the economy post-coronavirus outbreak.
Categories: Business News
UPDATE 1-Tesla to accelerate production of Semi trucks - memo
Tesla Inc Chief
Executive Elon Musk has told his staff it was time to bring the
Tesla Semi commercial truck to "volume production," a message
that coincides with a surge in the share price of rival clean
truck maker Nikola Corp.
Categories: Business News
US STOCKS SNAPSHOT-S&P opens higher, Nasdaq hits record as all eyes turn to Fed
U.S. stocks opened higher on Wednesday,
with Nasdaq hitting another record high, as attention shifted to
the Federal Reserve's first projections on the economy
post-coronavirus outbreak.
Categories: Business News
J&J to begin human trials of COVID-19 vaccine in second half of July
Johnson & Johnson said on
Wednesday it would start human trials of its potential COVID-19
vaccine in the second half of July.
(Reporting by Saumya Sibi Joseph in Bengaluru; Editing by
Saumyadeb Chakrabarty)
Categories: Business News
UPDATE 1-Delta expects second-quarter revenue to slump, looks to amend debt deals
U.S. carrier Delta Air Lines on
Wednesday forecast a 90% plunge in second-quarter revenue and
warned it would need to renegotiate its debt agreements to avoid
a default next year.
Categories: Business News
UPDATE 2-Brazil posts steepest monthly deflation since 1998, opens door to more rate cuts
Inflation in Brazil continued
to evaporate in May, official figures showed on Wednesday, as
falling fuel and air travel costs due to the coronavirus crisis
led to the steepest monthly fall in consumer prices since August
1998.
Categories: Business News
Czech coalition agrees 5% digital tax aimed at global internet giants- CTK agency
The two Czech ruling coalition
parties agreed on Wednesday to impose a 5% digital tax aimed at
global internet giants, below an earlier plan for a 7% rate,
news agency CTK quoted Labour Minister Jana Malacova as saying
on Wednesday.
Categories: Business News
Goldman traders gain $1 bln in commodities revenue after oil slump- Bloomberg
Goldman Sachs Group Inc
commodities unit generated more than $1 billion in revenue this
year through May as traders positioned their bets for the
collapse in oil prices, Bloomberg reported on Wednesday.
Categories: Business News
Disney's take on young adult novel 'Artemis Fowl' debuts Friday
Walt Disney Co on Friday will
release a film adaptation of popular young adult book series
"Artemis Fowl," one that its stars and director admit differs
from the story written by Irish author Eoin Colfer.
Categories: Business News
UPDATE 1-U.S. consumer prices post third straight monthly drop
U.S. consumer prices fell
for a third straight month in May and underlying inflation was
weak as demand remained subdued amid a recession caused by the
COVID-19 pandemic.
Categories: Business News
Delta Air expects to have $10 bln in cash, cash equivalents by end-2020
U.S. carrier Delta Air Lines
said on Wednesday it expects to have $10 billion in cash, cash
equivalents, short-term investments and borrowing capacity by
year-end.
Categories: Business News
Norway demands more detail from Equinor on overseas operations
Norway's energy minister said
state-controlled Equinor must be more transparent
about its foreign businesses after it was hit by mounting losses
from U.S. oil and gas investments.
Categories: Business News
US STOCKS-Wall St set to open slightly higher ahead of Fed's economic outlook
Categories: Business News
Starbucks forecasts up to $2.2 bln drop in Q3 operating income on COVID-19
Starbucks Corp on Wednesday
forecast its third-quarter operating income to plunge by about
$2.2 billion, hit by coronavirus-induced store closures.
Categories: Business News
UPDATE 2-CEO of 'storm-proof' ProSieben dismisses merger speculation
* Aims to be entertainment leader in German-speaking
countries
(Recasts with CEO comments on M&A; supervisory board vote)
Categories: Business News
