Business News

The family of Rayshard Brooks, a black man whose death reignited protests in Atlanta over the weekend, on Monday said they were "heartbroken" and "tired" of the racial injustice that they said led to Brooks' death at the hands of Atlanta police.

Hundreds of sunseekers from Germany landed on the Spanish island of Mallorca on Monday, the first tourists allowed into the country since borders were shut in March to tackle the coronavirus pandemic.

* Stores must adhere to social distancing regulations (Updates Next reopenings)

Square Capital, a unit of payments company Square Inc, said on Monday it has issued more than $820 million worth of loans to small businesses to help them weather the economic shutdown brought on by the coronavirus pandemic.

-- Source link: https://bloom.bg/2ULqtV4

General Electric Co on Monday tapped the planemaking head of Brazil's Embraer to run its key aircraft engines division on Monday, as the global aviation industry grapples with disruption caused by the COVID-19 pandemic.

The London Stock Exchange will not offer concessions to EU antitrust regulators reviewing its $27 billion bid for data and analytics company Refinitiv, two people familiar with the matter said, a move which will likely trigger a four-month probe.

Amazon.com Inc Chief Executive Officer Jeff Bezos is willing to testify before a House antitrust investigation into the market power of major tech companies, the New York Times reported https://www.nytimes.com/2020/06/15/technology/amazon-jeff-bezos-congress.html on Monday, citing a lawyer for Amazon who wrote to lawmakers.

Ruling against environmentalists, the U.S. Supreme Court on Monday decided that the federal government has the authority to allow a proposed $7.5 billion natural gas pipeline to cross under the popular Appalachian Trail in rural Virginia.

Brazilian broker XP Inc hired José Berenguer, JPMorgan CEO in Brazil, to lead its wholesale banking business, the broker said in a statement on Monday.

* Deal for $56/ADS; Shares up nearly 10% (Adds details on ownership, Chinese take-private deals)

Ruling against environmentalists, the U.S. Supreme Court on Monday decided that the federal government has the authority to allow a proposed $7.5 billion natural gas pipeline to cross under the popular Appalachian Trail in rural Virginia.

A deal between AstraZeneca and four European countries for COVID-19 vaccines involves doses being shared by European Union members on a pro rata basis based on population, a source at the French President's office said on Monday.

Bank of America Corp has appointed Brad Kleinsteuber as its head of insurance investment banking in the Americas, according to an internal memo seen by Reuters on Monday, the contents of which were confirmed by a bank spokesman.

* Indexes down: Dow 2.33%, S&P 1.86%, Nasdaq 1.38% (Updates to open)

Walmart Inc has partnered with Canadian e-commerce firm Shopify Inc , as the world's biggest brick-and-mortar retailer ramps up its efforts to capture a bigger slice of the coronavirus-driven surge in online shopping.

United Airlines said on Monday it is pledging its MileagePlus frequent flyer program for a new $5 billion loan aimed at further buffering its liquidity, even as its cash burn rate slows thanks to a steady improvement in demand.

Latin American markets extended losses into a fourth straight session on Monday, tracking a broader retraction in risk appetite as investors fretted over a resurgence of COVID-19 cases. Brazil's real and the Mexican peso were the worst performing currencies for the day, losing about

* Stores must adhere to social distancing regulations (Adds details, comment)

Canada's main stock index dropped to a near three-week low on Monday, dragged down by the energy sector, as broader risk appetite was rattled by fears of a resurgence in coronavirus cases.