Business News

When the U.S. government announced a multibillion-dollar bailout of struggling small businesses amid the coronavirus pandemic, one of the top U.S. law firms sensed an opportunity.

A U.S. appeals court ruled on Tuesday that the Securities and Exchange Commission cannot force stock exchanges to conduct a costly experiment to see how the fees they charge and the incentives they offer affect brokers' trading habits.

A bipartisan group of U.S. senators introduced a bill on Tuesday to reform aircraft certification following two fatal Boeing Co 737 MAX crashes, lawmakers said in a statement.

A bipartisan group of U.S. senators introduced a bill on Tuesday to reform aircraft certification following two fatal Boeing Co 737 MAX crashes, lawmakers said in a statement.

Greece's Alpha Bank is in talks with at least five U.S. investment firms including Cerberus and PIMCO in a fresh attempt to offload a portfolio of bad debt worth more than 10 billion euros ($11.3 billion), two sources told Reuters.

Hotel chain Hilton Worldwide Holdings Inc said on Tuesday it would cut about 22% of its corporate workforce, or 2,100 jobs, following the coronavirus outbreak that has ravaged the global travel industry.

Shares of Royalty Pharma Plc jumped 57.1% in their Nasdaq debut on Tuesday, another sign that demand for new stocks has recovered after the coronavirus crisis had stalled potential listings.

U.S. lawmakers and policymakers should be wary of China's moves to target vulnerable U.S. assets and expand its market share in the wake of the global economic crisis triggered by the novel coronavirus, according to a study prepared for a U.S. trade group and released on Tuesday.

A U.S. appeals court on Tuesday upheld a ruling that struck down a Trump administration rule that required pharmaceutical companies to include the wholesale prices of their drugs in television advertisements.

A former Morgan Stanley diversity officer filed a lawsuit against the bank on Tuesday, alleging the firm committed acts of racial discrimination and retaliation against her and violated equal pay laws, according to a court filing.

Instructure Inc has tapped Steve Daly as its chief executive officer, less than three months after selling itself to private equity firm Thoma Bravo and tangling with shareholders who had laid out a string of complaints long before the sale.

* Germany's Zalando slips following stake sale (Adds comments, updates prices to close)

British Prime Minister Boris Johnson said on Tuesday he wanted to see unrestricted travel to Spain and France "as soon as we can", but defended his government's quarantine policy on arriving visitors.

Chesapeake Energy Corp is preparing to file for bankruptcy as soon as this week, said three people familiar with the matter, becoming the largest oil and gas producer to unravel after an energy market rout caused by the coronavirus outbreak.

Italy's top pay-TV operator SKY said on Tuesday it was providing a wider range of services to households as it added a broadband connection in its offering of movies, sport and other content, to boost revenues in the crowded telecoms market.

The New York Federal Reserve's planned launch on Tuesday of a bond-buying facility could help ease the potential stigma for companies of asking for help and create an important framework for what the central bank steps in to purchase, analysts and investors said.

The New York Federal Reserve's planned launch on Tuesday of a bond-buying facility could help ease the potential stigma for companies of asking for help and create an important framework for what the central bank steps in to purchase, analysts and investors said.

The Trump administration aims to narrow its financial support to about seven experimental coronavirus vaccines from the 14 it has been working with so far, the U.S. Department of Health and Human Services (HHS) said on Tuesday.

U.S. retail sales increased by the most on record in May after two straight months of sharp declines as businesses reopened, offering more evidence that the recession triggered by the COVID-19 pandemic was over or drawing to an end.

* Premium for cash over 3-month tin contract surges (Updates prices)