Reuters Company News

Walmart Inc said on Wednesday it shifted firearms and ammunition out of sales floors of some U.S. stores amid nationwide protests over the death of an unarmed black man at the hands of police last week.

Brazilian antitrust regulator CADE has rejected an appeal against an infrastructure sharing deal signed by two major telecoms in the country, Telefonica Brasil SA and TIM Participações SA, it said in a statement on Wednesday.

Hedge fund Citadel, whose flagship portfolio is posting double-digit gains this year, has hired for its investment teams even as many corporations cut staff after the coronavirus outbreak shuttered large parts of the U.S. economy.

LVMH CEO Bernard Arnault is exploring ways to reopen negotiations on the French luxury goods giant's $16.2 billion acquisition of U.S. jewelry chain Tiffany & Co, as U.S. social unrest and the coronavirus pandemic weigh on the retail sector, people familiar with the matter said on Wednesday.

Brazilian bike-sharing company Tembici has raised $47 million in its second finance round to widely roll out electric bikes and expand services, betting that the coronavirus pandemic is likely to draw more people to commute by bike, it said on Wednesday.

Brazil this month will start testing an experimental vaccine against the novel coronavirus being developed by researchers at the University of Oxford and AstraZeneca Plc, Brazil's health surveillance agency Anvisa and the Federal University of Sao Paulo (Unifesp) said.

HSBC's top executive in Asia has signed a petition backing China’s imposition of a national security law on Hong Kong, the bank confirmed on Wednesday, breaking years of political neutrality for the UK-based, Asia-focused lender.

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British doctors are trialling a formulation of anti-inflammatory ibuprofen to see if it reduces respiratory failure in patients with severe symptoms of COVID-19.

Brazilian petrochemical firm Braskem SA reported on Wednesday a net loss of $777 million in the first quarter compared with a profit of $243 million a year ago, as foreign exchange oscillations led to higher financial expenses.

American Eagle Outfitters Inc posted a steeper-than-expected loss on Wednesday, as sales and store traffic plummeted following coronavirus-led store closures, sending shares down as much as 10.5%.

U.S. industrial conglomerate 3M Co on Wednesday appointed General Electric Co executive Monish Patolawala as the company's chief financial officer, effective July 1.

Warner Music Group Corp, the world's third-largest recording label, said on Wednesday it sold more shares than earlier planned to raise $1.93 billion in the biggest U.S. listing so far in 2020.

Campbell Soup Co raised its full-year profit and sales forecast on Wednesday after beating expectations for third-quarter results as consumers stocked up on soup, pasta sauces and salsa while they stayed at home during the pandemic.

American Eagle Outfitters Inc on Wednesday reported a quarterly loss, compared with a profit last year, as the apparel retailer was forced to close its stores due to the COVID-19 pandemic.

The United Kingdom is looking closely at air bridges to enable some people to travel but airlines should not be using the government's job retention scheme as a way to cut thousands of staff, a junior transport minister said on Wednesday.

Europe's biggest travel company, TUI Group, said it has struck a deal with Boeing for compensation and deferred deliveries of the grounded 737 MAX jet, boosting its finances as it seeks to survive the coronavirus pandemic.

Quarantine measures Britain plans to introduce for almost all international travellers from June 8 are vital to ensure the country's rate of COVID-19 infection does not increase again, Prime Minister Boris Johnson said on Wednesday.

The Mexican government's fight with private power firms over access to the grid owned by state-run Comision Federal de Electricidad, or CFE, threatens further legal conflict over new plants as well as the country's transition to a greener future.

Quest Diagnostics said on Wednesday it saw a higher recovery in its testing volumes in the United States where state and local governments were slowly lifting restrictions after the coronavirus lockdowns.