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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

U.S. finalizes order allowing 15 passenger air carriers to suspend service to 75 airports

Wed, 2020-06-03 19:33
The U.S. Transportation Department said late Wednesday it granted final approval to 15 airlines to temporarily halt service to 75 U.S. airports because of a lack of demand stemming from the coronavirus pandemic.
Categories: Business News

S.Korean prosecutors seek arrest warrant for Samsung heir

Wed, 2020-06-03 19:12
South Korean prosecutors said on Thursday they had requested an arrest warrant against Samsung Group heir Jay Y. Lee and two former company executives as part of an investigation into a controversial 2015 merger and alleged accounting fraud.
Categories: Business News

Morning News Call - India, June 4

Wed, 2020-06-03 19:07
To access a PDF version of this newsletter, please click here http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_06042020.pdf If you would like to receive this newsletter via email, please register at: http://solutions.refinitiv.com/MNCIndiaSubscriptionpage FACTORS TO WATCH 11:30 am: Uday Kotak, CII president and MD & CEO of Kotak Mahindra Bank, at a web conference in Mumbai. 4:00 pm: Former member of Central Board of Direct Taxes Akhilesh Ranja
Categories: Business News

GLOBAL MARKETS-Asian shares hit two-month high as economic optimism spreads

Wed, 2020-06-03 19:01
Asian shares rose to a two-month high on Thursday as government stimulus expectations supported investor confidence in an economic recovery from the global coronavirus pandemic.
Categories: Business News

Brazil meatpackers bought cattle linked to deforestation, says Greenpeace

Wed, 2020-06-03 19:01
Brazilian meatpackers JBS SA , Marfrig and Minerva purchased thousands of cattle linked to deforestation of the Amazon rainforest since 2018, advocacy group Greenpeace Brasil alleged in a report published on Thursday.
Categories: Business News

Romania - Factors to watch on June 4

Wed, 2020-06-03 18:47
Here are news stories, press reports and events to watch which may affect Romanian financial markets on Thursday.
Categories: Business News

U.S. clears private equity as investment option for retirement plans

Wed, 2020-06-03 18:24
The U.S. Department of Labor issued guidance on Wednesday that allows private equity investments to be offered to U.S. retirement plans as part of diversified investment funds, a move that the leveraged buyout industry has long called for.
Categories: Business News

UPDATE 2-ZoomInfo prices IPO above target in 2020's largest tech listing so far -sources

Wed, 2020-06-03 17:15
ZoomInfo Technologies Inc on Wednesday priced its initial public offering (IPO) above its upwardly revised target range in the largest U.S. technology listing so far this year, people familiar with the matter said.
Categories: Business News

UPDATE 2-Snapchat removes Trump account from curated promotional section

Wed, 2020-06-03 17:10
Snap Inc said it would no longer promote U.S. President Donald Trump's account in Snapchat's Discover section, saying his incendiary comments last week made the account ineligible for the curated section where users explore new content.
Categories: Business News

UPDATE 3-Pilgrim's Pride CEO indicted over alleged U.S. chicken price-fixing

Wed, 2020-06-03 16:38
The chief executive of Pilgrim's Pride Corp, a major U.S. poultry company, was indicted along with three other current and former industry executives on charges of seeking to fix the price of chickens, the Justice Department said on Wednesday.
Categories: Business News

PRESS DIGEST-Financial Times - June 4

Wed, 2020-06-03 16:31
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

FOCUS-Amid pandemic, investors bet on India's Jio and its giant-killer playbook

Wed, 2020-06-03 16:30
From its Silicon Valley-like campus near Mumbai, Indian billionaire Mukesh Ambani's Jio telecom carrier is emerging as a winner from changes in the way Indian consumers plug into a digital economy made more urgent by the coronavirus pandemic.
Categories: Business News

UPDATE 1-Amazon is sued over warehouses after New York worker brings coronavirus home, cousin dies

Wed, 2020-06-03 16:26
Amazon.com Inc has been sued for allegedly fostering the spread of the coronavirus by mandating unsafe working conditions, causing at least one employee to contract COVID-19, bring it home, and see her cousin die.
Categories: Business News

PRESS DIGEST-British Business - June 4

Wed, 2020-06-03 16:22
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

UPDATE 1-Snapchat removes Trump account from curated promotional section

Wed, 2020-06-03 16:06
Snap Inc said it would no longer promote U.S. President Donald Trump's account in Snapchat's Discover section, saying his incendiary comments last week made the account ineligible for the curated section where users explore new content.
Categories: Business News

GLOBAL MARKETS-Asian stocks set to extend gains as stimulus fans recovery hopes

Wed, 2020-06-03 15:59
Stronger appetite for riskier assets is set to lift Asian equities on Thursday, as government stimulus expectations support investor confidence in an economic recovery from the coronavirus.
Categories: Business News

Telus director Stockwell Day steps down after likening racism to childhood bullying

Wed, 2020-06-03 15:30
Canadian telecom firm Telus Corp said director Stockwell Day had stepped down from its board a day after the former cabinet minister compared enduring racism to his experience of being teased in school for wearing glasses.
Categories: Business News

UPDATE 1-Mexican glass maker Vitro to shut two U.S. plants due to coronavirus

Wed, 2020-06-03 15:09
Mexican glass producer Vitro said on Wednesday that it will shut two plants in the United States before the end of the year after the effects of the novel coronavirus pandemic hit demand from the automotive sector.
Categories: Business News

Early Facebook staffers denounce Zuckerberg stance on Trump posts

Wed, 2020-06-03 14:58
Nearly three dozen former employees from Facebook's early days on Wednesday blasted Chief Executive Mark Zuckerberg's decision not to act against incendiary posts by U.S. President Donald Trump as "cowardly" and a "betrayal" of company ideals.
Categories: Business News

Amazon is sued over warehouses after New York worker brings coronavirus home, cousin dies

Wed, 2020-06-03 14:50
Amazon.com Inc has been sued for allegedly fostering the spread of the coronavirus by mandating unsafe working conditions, causing at least one employee to contract COVID-19, bring it home, and see her cousin die.
Categories: Business News

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