Business News

Former Enron CEO Jeffrey Skilling, released last year after a 14-year prison term stemming from the energy firm's collapse, is raising funds to launch a digital marketplace catering to professional oil and gas investors, according to four people familiar with the matter.

Five U.S. senators are to announce legislation on Wednesday to expand sanctions on Russia's Nord Stream 2, a natural gas pipeline that would increase exports to Germany but is opposed by many in Washington who say it would tighten Moscow's political and economic grip on Europe.

U.S. state tax revenue, which plunged due to the economic fallout from the coronavirus pandemic, could start to slowly recover this summer as long as the outbreak does not undergo a resurgence, analysts said.

A federal judge said Apple Inc must face part of a lawsuit claiming it fraudulently concealed falling demand for iPhones, especially in China, leading to tens of billions of dollars in shareholder losses.

ZoomInfo Technologies Inc is looking to price its initial public offering (IPO) on Wednesday above its upwardly revised target range in what is set to be the largest U.S. technology listing so far this year, people familiar with the matter said

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.

ZoomInfo Technologies Inc is looking to price its U.S. initial public offering (IPO) on Wednesday at $21 per share, above its upwardly revised $19-$20 target range, people familiar with the matter said.

* WHO "especially worried" about Central, South America (Adds detail in paragraph 6)

* Indexes up: Dow 1.71%, S&P 500 1.24%, Nasdaq 0.78% (Updates to late afternoon, changes dateline, byline)

Pakistani aviation authorities have told Pakistan International Airlines that the pilot of a passenger plane that crashed into a residential district of Karachi last month had ignored air traffic control's instructions for landing, a PIA spokesman said on Wednesday.

The U.S Commerce Department said on Wednesday that new restrictions on 33 Chinese firms and institutions it announced last month will take effect Friday.

Snap Inc said it would no longer promote U.S. President Donald Trump's account in Snapchat's Discover section, saying his inflammatory comments last week made the account ineligible for the curated section where users explore new content.

Citigroup Inc said on Wednesday its chief compliance officer Mark Carawan is retiring after eight years at the firm, effective June 8.

Occidental Petroleum Corp is removing non-essential workers from some central Gulf of Mexico facilities ahead of Tropical Storm Cristobal, the company said on Wednesday.

Snap Inc said it would no longer promote U.S. President Donald Trump's account in Snapchat's Discover section, saying his inflammatory comments last week made the account ineligible for the curated section where users explore new content.

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 jobs, a junior transport minister said on Wednesday.

* Coty up on potential collaboration with Kim Kardashian West

The GAVI vaccines alliance is to launch an Advance Market Commitment (AMC) for future COVID-19 vaccines which it says will help secure access to the new shots for poorer countries.

Top executives of the Detroit Three automakers and other major Michigan employers on Wednesday condemned racism and injustice in the United States following the death last week of an unarmed black man at the hands of Minneapolis police, carefully joining a charged national debate.

Brazil labour prosecutors said on Wednesday they have requested meatpacker JBS SA to close its plant in the southern state of Rio Grande do Sul due to an outbreak of the novel coronavirus.