Business News

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.

More than three out of four U.S. human resource executives think more employees will continue to work from home even after the threat of the novel coronavirus subsides, according to a survey by a large business association released on Wednesday.

The United Auto Workers still needs to reform and a federal takeover remains an option, the U.S. prosecutor leading the investigation of corruption within the union told Reuters on Wednesday after the UAW's former president pleaded guilty to embezzlement.

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.

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.

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.

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.

The Trump administration expanded on Wednesday its list of Cuban entities that Americans are banned from doing business with to include the financial corporation that handles U.S. remittances to the Communist-run country.

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

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.

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.

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.

A fading of the U.S. dollar's allure will continue as global funding strains ease, but a majority of analysts polled by Reuters said there was a high risk that the U.S.-China trade standoff will renew safe-haven bets in the next six months.

The U.S. Senate unanimously approved legislation on Wednesday giving small businesses up to 24 weeks to use Paycheck Protection Program loans created during the coronavirus pandemic, up from the current eight-week deadline.

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.

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.

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.

Wall Street rallied broadly on Wednesday with the Nasdaq approaching record highs as signs of an economic recovery from mandated shutdowns helped investors look beyond U.S. social unrest and pandemic worries.

Warner Music Group Corp's stock popped 8% on its Nasdaq debut on Wednesday, after the world's third-largest recording label sold shares in its $1.9-billion initial public offering towards the higher end of its target.

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.