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Updated: 4 years 23 weeks ago
MassMutual explores sale of its retirement services business -sources
Massachusetts Mutual Life
Insurance Company (MassMutual) is exploring a sale of its
retirement services division, which has about $175 billion of
assets under management and administration, people familiar with
the matter said on Friday.
Categories: Business News
Ireland hopes to restart international travel later in the summer
Ireland is hopeful that it will
be able to resume air travel to other European countries later
in the summer, acting prime minister Leo Varadkar said on
Friday.
Categories: Business News
GRAPHIC-Tech drives Nasdaq to all-time high as signs of recovery emerge from coronavirus pandemic
The heavyweight technology and growth
stocks that drove Wall Street higher in recent years are again
fueling a surge that has taken the Nasdaq from a brutal selloff
to an intraday record high in just 11 weeks, as investors look
beyond the economic upheaval caused by the coronavirus.
Categories: Business News
India's Yatra scraps merger deal with U.S. firm Ebix
Indian travel services company Yatra
Online Inc said on Friday it is terminating its pending
merger agreement with U.S. software firm Ebix Inc and
filed a litigation over Ebix's breach of agreement terms.
Categories: Business News
GLOBAL MARKETS-Equities surge, bonds tumble on surprise U.S. jobs gains
An unexpected jump in U.S.
employment sent world equities and oil surging on hopes that the
global economy has started to recover from the coronavirus
pandemic, pulling investors out of perceived safe havens like
government bonds and gold.
Categories: Business News
Powell spoke almost daily with Mnuchin in April
U.S. Federal Reserve Chair Jerome Powell
spoke on an almost daily basis with Treasury Secretary Steven
Mnuchin in April as the two officials scrambled to erect
programs to soften the economic blow from the coronavirus
pandemic, Fed records released Friday showed.
Categories: Business News
US STOCKS-Wall Street closes up sharply on surprise U.S. jobs report
Wall Street surged on Friday
after a strikingly upbeat May jobs report unexpectedly provided
the clearest evidence yet that the U.S. economy is headed for a
quicker-than-anticipated recovery.
Categories: Business News
Wall St Week Ahead-Bond investors look for Fed to justify steepening yield curve
Expectations that the global
economy has dodged the worst-case coronavirus pandemic scenarios
have led to a dramatic sell-off in U.S. government bonds from
their record highs, pushing the yield curve to its steepest
level since March.
Categories: Business News
UPDATE 3-Facebook to apply state media labels on Russian, Chinese outlets
Facebook Inc will
start labeling Russian, Chinese and other state-controlled media
organizations, and later this summer will block any ads from
such outlets that target U.S. users, it said on Thursday.
Categories: Business News
UPDATE 1-Facebook limits spread of 'Boogaloo' groups amid protests
Facebook Inc is
making it harder to find user groups associated with the term
"Boogaloo," which refers to a potential U.S. civil war or the
collapse of civilization, the company said on Thursday.
Categories: Business News
UPDATE 1-Canada postpones 5G spectrum auction citing COVID-19
Canada has postponed its 3500MHz
spectrum auction process by six months to allow telecoms
companies to focus on providing essential services during
COVID-19 pandemic, the innovation ministry said in a statement
on Friday.
Categories: Business News
UPDATE 2-Miguel McKelvey, co-founder of WeWork with Adam Neumann, to leave company
WeWork's Miguel McKelvey, who co-founded
the troubled office-sharing start-up with Adam Neumann, will
leave the company at the end of June.
Categories: Business News
UPDATE 1-U.S. states lean toward breaking up Google's ad tech business -CNBC
The U.S. state attorneys general
investigating Alphabet Inc's Google for potential
antitrust violations are leaning toward pushing for a breakup of
its ad technology business as part of an expected suit, CNBC
reported on Friday, citing sources.
Categories: Business News
UPDATE 2-Equinor shuts U.S. Gulf platform, others evacuate workers ahead of storm
Norwegian state-oil company
Equinor ASA said on Friday it was shutting in
production on its Titan platform in the Gulf of Mexico while
other producers evacuated workers ahead of Tropical Storm
Cristobal.
Categories: Business News
UPDATE 1-Virtual certainty? Bankers ask if success of remote roadshows will last
Who needs expensive
lunches at glitzy hotels and fancy restaurants to court
investors for bond deals or the sale of new shares on the stock
exchange?
Categories: Business News
UPDATE 1-Grubhub receives takeover interest from Just Eat Takeaway, Delivery Hero- CNBC
Grubhub Inc has received
takeover interest from at least two European companies, Delivery
Hero SE and Just Eat Takeaway.com NV, CNBC
reported https://cnb.cx/2XBcfrR on Friday, citing people
familiar with the matter.
Categories: Business News
Self-driving sector contends its cars can prevent many more crashes than insurance study says
Companies working on self-driving
vehicles have criticized an insurance industry study suggesting
that only a third of all U.S. road crashes could be prevented by
driverless cars, arguing that the study has underestimated the
technology's capabilities.
Categories: Business News
