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Business News

REFILE-GLOBAL MARKETS-Global stocks retreat on rising second wave fears

Reuters Company News - Wed, 2020-06-17 19:16
* S&P 500 futures, MSCI ex-Japan Asia shares down more than 1%
Categories: Business News

UPDATE 2-Australian regulator says Google's $2.1 bln Fitbit deal could harm competition

Reuters Company News - Wed, 2020-06-17 19:12
Australia's antitrust regulator warned Google's planned $2.1 billion acquisition of fitness tracker maker Fitbit may give it too much of people's data, potentially hurting competition in health and online advertising markets.
Categories: Business News

Glass Lewis joins ISS in opposing Tesla chairwoman's re-election to board

Reuters Business News - Wed, 2020-06-17 19:02
Glass Lewis said on Thursday that it urged Tesla Inc investors to vote against re-electing Chairwoman Robyn Denholm to the company's board, making it the second proxy advisory firm to oppose her appointment.
Categories: Business News

UPDATE 1-Glass Lewis joins ISS in opposing Tesla chairwoman's re-election to board

Reuters Company News - Wed, 2020-06-17 19:01
Glass Lewis said on Thursday that it urged Tesla Inc investors to vote against re-electing Chairwoman Robyn Denholm to the company's board, making it the second proxy advisory firm to oppose her appointment.
Categories: Business News

GLOBAL MARKETS-Global stocks retreat on rising second wave fears

Reuters Company News - Wed, 2020-06-17 18:39
* S&P 500 futures, MSCI ex-Japan Asia shares down more than 1%
Categories: Business News

U.S. trade chief vows to push for 'broad reset' at WTO

Reuters Business News - Wed, 2020-06-17 18:16
The Trump administration will push for a broad reset of "outdated tariff determinations" at the World Trade Organization to fix what it sees as years of unfair treatment of the United States, a top trade official told U.S. lawmakers on Wednesday.
Categories: Business News

Last A380 convoy in French village spells end of an aviation era

Reuters Company News - Wed, 2020-06-17 18:07
The last convoy of outsize parts for the world's largest airliner crawled towards an assembly plant in southwest France late Wednesday, applauded by residents and production workers as Europe's Airbus prepares to build the last A380 superjumbo.
Categories: Business News

ADB sees developing Asia barely growing in 2020 due to pandemic

Reuters Company News - Wed, 2020-06-17 18:02
The Asian Development Bank (ADB) on Thursday slashed its growth forecast for developing Asia this year to 0.1% from 2.2% to reflect the impact of the lockdowns on economic activity due to the coronavirus pandemic.
Categories: Business News

UPDATE 1-Google, Fitbit deal may hamper competition -Australian regulator

Reuters Company News - Wed, 2020-06-17 17:33
Australia's consumer watchdog said on Thursday it had concerns that Alphabet Inc-owned Google's planned $2.1 billion acquisition of fitness tracker company Fitbit may hinder competition in digital advertising and health markets.
Categories: Business News

PRESS DIGEST- British Business - June 18

Reuters Company News - Wed, 2020-06-17 17:11
June 18 - 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

FAA chief acknowledges agency, Boeing made mistakes on 737 MAX

Reuters Business News - Wed, 2020-06-17 17:03
The head of the Federal Aviation Administration, Steve Dickson, acknowledged on Wednesday that Boeing Co and the U.S. air safety agency both made mistakes on the 737 MAX jet, but rejected senators' accusations the FAA was "stonewalling" probes after two fatal crashes.
Categories: Business News

PRESS DIGEST- Financial Times - June 18

Reuters Company News - Wed, 2020-06-17 17:00
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

Glass Lewis opposes Tesla chairwoman's re-election to Board - Bloomberg News

Reuters Company News - Wed, 2020-06-17 16:55
Proxy-adviser Glass Lewis has urged Tesla Inc investors to vote against re-electing chairwoman Robyn Denholm to the company's board due to an arrangement with Elon Musk that raises corporate governance concerns, Bloomberg reported on Wednesday.
Categories: Business News

Australian regulator raises concerns over Google, Fitbit deal

Reuters Business News - Wed, 2020-06-17 16:54
Australia's consumer watchdog on Thursday raised initial competition concerns over Alphabet Inc-owned Google's $2.1 billion bid for fitness tracker company Fitbit .
Categories: Business News

Dollar holds advantage as anxiety grows over rise in coronavirus cases

Reuters Business News - Wed, 2020-06-17 16:52
The dollar held onto gains on Thursday as growing concerns about a rise in coronavirus cases underpinned safe-haven demand for the U.S. currency.
Categories: Business News

Australian regulator raises concerns over Google, Fitbit deal

Reuters Company News - Wed, 2020-06-17 16:38
Australia's consumer watchdog on Thursday raised initial competition concerns over Alphabet Inc-owned Google's $2.1 billion bid for fitness tracker company Fitbit.
Categories: Business News

Amazon launches Saudi Arabia shopping site despite CEO's dispute with kingdom

Reuters Business News - Wed, 2020-06-17 16:37
Amazon.com Inc on Wednesday launched a website for shoppers in Saudi Arabia, showing its continued business interests there despite a public dispute between Riyadh and the company's chief executive, Jeff Bezos.
Categories: Business News

UPDATE 1-Amazon launches Saudi Arabia shopping site despite CEO's dispute with kingdom

Reuters Company News - Wed, 2020-06-17 16:36
Amazon.com Inc on Wednesday launched a website for shoppers in Saudi Arabia, showing its continued business interests there despite a public dispute between Riyadh and the company's chief executive, Jeff Bezos.
Categories: Business News

Asian stocks set to fall as Wall St snaps 3-day winning streak

Reuters Business News - Wed, 2020-06-17 16:32
Asian stocks were set to dip on Thursday after a choppy Wall Street session as spiking coronavirus cases and prospects of new lockdowns erased earlier confidence about a global economic recovery.
Categories: Business News

UPDATE 1-Kim Kardashian West to host criminal justice podcast for Spotify

Reuters Company News - Wed, 2020-06-17 16:01
Reality TV star Kim Kardashian West has reached a deal with Swedish music streaming company Spotify Technology SA to host a podcast related to criminal justice reform, a representative for West said on Wednesday.
Categories: Business News
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