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Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
Updated: 4 years 23 weeks ago

Online used car seller Vroom raises $467.5 million in U.S. IPO

Mon, 2020-06-08 17:47
Online used car seller Vroom Inc said on Monday it raised $467.5 million in its initial public offering as appetite for new stocks rebounds after the COVID-19 pandemic put many debuts on hold.
Categories: Business News

RPT-DEALTALK-Private equity scouts for China take-private deals amid tension, volatile markets

Mon, 2020-06-08 17:35
Private equity investors are seeking Chinese companies to take private in the hope they can snap up bargains amid the coronavirus-related sell-off, but the banks that help find such deals are proving less keen to finance them.
Categories: Business News

UPDATE 2-Trump administration permits use of weed killer blocked by court

Mon, 2020-06-08 17:26
The U.S. Environmental Protection Agency said on Monday that farmers can use existing supplies of an agricultural weed killer linked to crop damage, after a federal court blocked sales and use of the product last week.
Categories: Business News

California says movie theaters can reopen as early as Friday if counties approve

Mon, 2020-06-08 17:17
Movie theaters can reopen in California as early as Friday if county officials grant approval, the state's health department said in guidelines issued on Monday.
Categories: Business News

DEALTALK-Private equity scouts for China take-private deals amid tension, volatile markets

Mon, 2020-06-08 17:15
Private equity investors are seeking Chinese companies to take private in the hope they can snap up bargains amid the coronavirus-related sell-off, but the banks that help find such deals are proving less keen to finance them.
Categories: Business News

PRESS DIGEST-British Business - June 9

Mon, 2020-06-08 17:14
The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
Categories: Business News

China Telecom urges FCC not to revoke ability to operate in U.S.

Mon, 2020-06-08 16:59
China Telecom Corp’s U.S. unit urged the Federal Communications Commission (FCC) not to revoke the company's nearly two-decade old authorization to provide international telecommunications services to and from the United States.
Categories: Business News

PRESS DIGEST- Financial Times - June 9

Mon, 2020-06-08 16:53
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Categories: Business News

IBM gets out of facial recognition business

Mon, 2020-06-08 16:36
International Business Machines Corp will no longer offer general purpose facial recognition or analysis software, new Chief Executive Officer Arvind Krishna said in a letter to the members of the United States Congress on Monday.
Categories: Business News

Business analytics firm Dun & Bradstreet close to launching $1 bln IPO -sources

Mon, 2020-06-08 16:15
U.S. business analytics firm Dun & Bradstreet is preparing to launch an initial public offering that could raise up to $1 billion, the latest company to eye a listing after the coronavirus-induced economic downturn roiled the market for new stocks.
Categories: Business News

GLOBAL MARKETS-Asia stocks set to gain after recovery hopes push Wall Street higher

Mon, 2020-06-08 16:02
Asian stocks were set to climb on Tuesday as confidence in an economic recovery pushed the Nasdaq benchmark to a record high, although doubts about crude supply cuts were likely to keep oil prices under pressure.
Categories: Business News

U.S. says farmers can use existing supplies of controversial weed killer

Mon, 2020-06-08 15:43
The U.S. Environmental Protection Agency said on Monday that farmers can use supplies of an agricultural weed killer they had on hand as of June 3, after a federal court blocked sales and use of the product last week.
Categories: Business News

CORRECTED-Men accused of helping ex-Nissan boss flee Japan challenge U.S. extradition case

Mon, 2020-06-08 15:19
Lawyers for the former Green Beret and son wanted by Japan for helping former Nissan Motor Co boss Carlos Ghosn flee the country on Monday argued U.S. authorities wrongly arrested them for aiding a crime that they say does not exist in Japan: bail jumping.
Categories: Business News

Occidental Petroleum to review Middle East assets - Bloomberg News

Mon, 2020-06-08 14:37
Oil and gas producer Occidental Petroleum is reviewing options for its Middle Eastern assets in a bid to ease its debt load, Bloomberg News reported on Monday, citing people familiar with the matter.
Categories: Business News

MEDIA-Occidental to review mideast assets in bid to cut debt - Bloomberg News

Mon, 2020-06-08 14:06
-- Note: Reuters has not verified this story and does not vouch for its accuracy
Categories: Business News

MEDIA-Men's Wearhouse owner Tailored Brands weighs bankruptcy filing - Bloomberg News

Mon, 2020-06-08 13:30
-- Note: Reuters has not verified this story and does not vouch for its accuracy
Categories: Business News

UPDATE 1-Macy's raises $4.5 billion to shore up funds as stores reopen, shares surge

Mon, 2020-06-08 13:11
Macy's Inc said on Monday it raised a total of $4.5 billion, including $3.15 billion in new borrowings against its real estate assets, as the department store chain tries to navigate through the fallout from the COVID-19 pandemic.
Categories: Business News

US STOCKS-Nasdaq ends at record, confirms bull market on economic recovery hopes

Mon, 2020-06-08 13:09
The Nasdaq posted a record closing high on Monday, becoming the first of the major indexes to confirm a new bull market, while the S&P 500 ended in positive territory for the year as expectations for a swift recovery from a coronavirus-driven downturn increased.
Categories: Business News

GE reopens parts of prior debt offerings to raise $3 bln

Mon, 2020-06-08 12:45
General Electric Co said on Monday it reopened portions of its prior debt offerings for $3 billion in total proceeds to boost its cash reserves amid the coronavirus crisis.
Categories: Business News

GLOBAL MARKETS-Stocks rally on quick economic revival hopes, oil slides

Mon, 2020-06-08 12:44
Global equity markets surged on Monday, with the Nasdaq hitting a record high on hopes of a quick recovery from the coronavirus slump, while oil slid after Saudi Arabia said new output cuts by producer nations would not include extra cuts by three Gulf countries.
Categories: Business News

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