Business News

Asian shares were set for another retreat on Friday as U.S.-China tensions curbed investor risk appetite and caused global equity markets to stumble.

Wall Street ended lower on Thursday, a day after hitting two-month highs, on a fresh wave of China-U.S. tensions that raised doubts about the trade deal reached early this year between the world's two largest economies.

General Motors Co said that it was on Thursday gradually restarting the transmissions and motors lines at its Mexican plants in Ramos Arizpe in the northern state of Coahuila and in the central city of Silao.

Brazilian retail veteran and Carrefour SA board member Abílio Diniz said on Thursday Brazil has been faster than some European countries to adopt new protocols to cope with the coronavirus pandemic.

Floodwaters that breached two dams in central Michigan began to recede on Thursday after displacing thousands of people while spreading to a Dow Chemical plant and an adjacent hazardous waste cleanup site.

General Motors Co said that it was on Thursday gradually restarting the transmissions and motors lines at its Mexican plants in Ramos Arizpe in the northern state of Coahuila and in the central city of Silao.

EasyJet's board looks poised to win a shareholder vote on Friday and deal a blow to its founder and long-term critic over the British low-cost airline's plan to stick with a $5.5 billion plane order.

Hewlett Packard Enterprise on Thursday unveiled a plan targeting gross savings of at least $1 billion by 2022 and cut the base salaries of top executives by 25% as the software maker seeks to weather the coronavirus crisis.

* AstraZeneca says it has deals for 400 million doses overall

The U.S. Food and Drug Administration on Thursday approved a sublingual film from Sunovion Pharmaceuticals Inc, a unit of Japan-based Sumitomo Dainippon Pharma, for the treatment of "off" episodes in patients with Parkinson's disease, the company said.

U.S. auto parts maker Lear Corp has asked some workers in Mexico to restart activity on Friday, including training sessions on safety, the company said in a message to employees.

Data analytics software maker Splunk Inc said on Thursday it expects higher demand for its cloud services as people globally shift to working from home because of the coronavirus outbreak.

U.S. auto parts maker Lear Corp has asked some workers in Mexico to restart activity on Friday, including training sessions on safety, the company said in a message to employees. (Reporting by Daina Beth Solomon)

President Donald Trump traveled on Thursday to the crucial U.S. election battleground state of Michigan to visit a Ford Motor Co plant amid tensions with its Democratic governor during the coronavirus pandemic, opting not to wear a protective face mask for the cameras.

The U.S. Food and Drug Administration on Thursday approved a sublingual film from Sunovion Pharmaceuticals Inc, a unit of Japan-based Sumitomo Dainippon , for the treatment of "off" episodes in patients with Parkinson's disease, according to a label published by the agency.

General Motors Co on Thursday was restarting the eight-speed transmission line at its plant in Silao in Mexico's Guanajuato state, according to a company message sent to workers.

Abbott Laboratories on Thursday said an analysis of data from an ongoing study of its ID NOW rapid test, which is used in the White House and elsewhere to spot COVID-19, shows it is highly accurate when compared with industry-standard tests.

Negotiators in the U.S. Senate reached agreement on Thursday on legislation that would double the period of time in which small businesses can use Paycheck Protection Program loans, to 16 weeks from the current eight-week limit, according to a Senate aide.

Lauren Taylor is figuring out what’s required to run a mattress store in the age of a deadly pandemic.

China does not appear to understand that Canada's judiciary is independent, Prime Minister Justin Trudeau said on Thursday, taking a rare public swipe at Beijing at a time when bilateral ties are poor.