Business News

Macy's Inc said on Thursday it could rack up operating losses of up to $1.11 billion in the first quarter, as the department store operator was forced to shut stores due to lockdowns aimed at curbing the spread of the new coronavirus.

* Indexes: Dow -0.41%, S&P 500 -0.78%, Nasdaq -0.97% (Updates with market close)

Brazilian meatpacker JBS SA said on Thursday that operations at its plant in Passo Fundo, in the southern state of Rio Grande do Sul, were allowed to resume after the facility was closed by authorities due to an outbreak of the novel coronavirus.

Floodwaters that breached two privately-owned dams in Michigan began to recede on Thursday after displacing thousands of people and spreading to a Dow Chemical plant and a nearby hazardous waste cleanup site.

Mexico's president on Thursday said he was ready to negotiate over changes to the electricity market that angered firms and foreign allies, opening the door to a potential compromise that could ease tensions over energy policy.

* Best Buy falls as same-store sales slide (Updates with market close)

Brazil's real jumped on Thursday after the central bank said it remained ready to increase support for the currency and Mexico's peso hit its highest in nearly two months as oil prices rallied. But as the novel c

The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

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

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

Comcast Corp's Universal Studios Orlando theme park will reopen to the public at reduced capacity on June 5, the company said on Thursday.

* AstraZeneca says it has deals for 400 million doses overall

A group of U.S. senators is urging Delta Air Lines Inc and JetBlue Airways Corp to immediately reverse their decisions to reduce employees' hours, calling them contrary to the requirements of taxpayer-funded payroll assistance.

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

Canadian miner Hudbay Minerals Inc expects a delay of up to four months before it can start mining an extension at its Constancia copper mine in Peru, the miner's chief executive said on Thursday.

Global benchmark Brent rose more than 1% on Thursday to its highest since March, supported by lower U.S. crude inventories, OPEC-led supply cuts and recovering demand as governments ease coronavirus restrictions on people's movements.

Global equities slid on Thursday on concerns about the long-term impact of the new coronavirus and renewed U.S.-China tensions, though oil markets ignored those worries and marched to a 2-1/2 month highs.

Comcast Corp's Universal Studios Orlando on Thursday announced plans to reopen its park to the public on June 5.

Canadian miner Hudbay Minerals Inc expects a delay of up to four months before it can start mining an extension at its Constancia copper mine in Peru, the miner's chief executive said on Thursday.

The Trump administration has lowered royalties for several drilling companies producing oil and gas on federal lands, according to a government database, as the industry seeks help weathering low energy prices.