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Business News

TREASURIES-Yields fall as concerns over coronavirus spread dent risk appetite

Reuters Company News - Mon, 2020-06-15 06:04
U.S. Treasury yields fell on Monday as renewed concerns over the spread of the coronavirus dented risk appetite, boosting demand for safe-haven bonds and sending stocks lower. Several districts of the Chinese capital put up security checkpoints, closed schools and ordered people to be tested for the coronavirus on Monday after an unexpected spike of cases linked to the biggest wholesale food market in Asia. New coronavirus cases an
Categories: Business News

UPDATE 2-Masked Germans touch down in Mallorca in cautious tourism revival

Reuters Company News - Mon, 2020-06-15 06:00
Hundreds of mask-wearing 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.
Categories: Business News

Grounded jets boost France's historic Chateauroux airport

Reuters Company News - Mon, 2020-06-15 05:39
More than half a century since the U.S. military left Chateauroux's vast air base, the coronavirus travel slump has provided a surge of business for the French regional airport.
Categories: Business News

UPDATE 2-U.S. FDA clears new version of Abbott's low-cost glucose monitor

Reuters Company News - Mon, 2020-06-15 05:38
The U.S. Food and Drug Administration on Monday cleared a new version of Abbott Laboratories' continuous glucose monitoring device, helping the company build upon the success of its fastest-growing diabetes product.
Categories: Business News

China's 58.com to go private in $8.7 billion deal

Reuters Company News - Mon, 2020-06-15 05:38
Chinese online classifieds marketplace 58.com Inc said on Monday it would be taken private by a consortium of investors, including private equity firm Warburg Pincus Asia LLC, in a deal that valued the company at about $8.7 billion. (Reporting by Akanksha Rana in Bengaluru; Editing by Arun Koyyur)
Categories: Business News

Embraer swaps commercial aviation chief after failed Boeing deal

Reuters Business News - Mon, 2020-06-15 04:52
Brazilian planemaker Embraer SA said on Monday it was replacing the head of its commercial aviation unit after a planned deal to have Boeing Co take over that division fell apart in April.
Categories: Business News

Wall Street set to drop at open after spike in new virus cases

Reuters Business News - Mon, 2020-06-15 04:42
Wall Street was set to drop sharply at the open on Monday as a recent jump in coronavirus cases in China and parts of the United States dashed investor hopes of a quick economic rebound that had powered the Nasdaq to record levels last week.
Categories: Business News

GE aviation head David Joyce to retire

Reuters Business News - Mon, 2020-06-15 04:42
General Electric Co said on Monday David Joyce, the chief executive of the company's aviation unit, would retire after 40 years with the industrial conglomerate.
Categories: Business News

Delta has received approval from Shanghai government to resume flights

Reuters Business News - Mon, 2020-06-15 04:39
Delta Air Lines has received approval from the Shanghai government to resume flights from June 18, a company spokeswoman said on Monday, paving the way for the carrier to resume services to China after months of suspension due to COVID-19.
Categories: Business News

United Airlines secures $5 billion loan backed by loyalty program

Reuters Business News - Mon, 2020-06-15 04:38
United Airlines said on Monday it is securing a $5 billion loan backed by its MileagePlus loyalty program, bringing potential total liquidity to $17 billion, an amount that senior executives said would be enough to carry it through a potential second or third wave of the new coronavirus that could hit the aviation industry.
Categories: Business News

Revenue at airline Avianca falls 51% through early June on coronavirus

Reuters Business News - Mon, 2020-06-15 04:26
Passenger revenue at Latin America's No. 2 airline, Avianca Holdings , has fallen 51% for the year as of early June compared with a year ago, the carrier said, in a look into the dire financial toll that the coronavirus has taken on the company.
Categories: Business News

Walmart partners with Shopify to expand online marketplace business

Reuters Business News - Mon, 2020-06-15 04:19
Walmart Inc said on Monday it has partnered with e-commerce firm Shopify Inc , as it looks to expand its online marketplace business and cash in on the coronavirus-driven jump in online shopping.
Categories: Business News

Oil falls on growing fears of coronavirus second wave

Reuters Business News - Mon, 2020-06-15 04:14
Oil prices fell on Monday as new coronavirus infections hit China, Japan and the United States, adding to concerns that a resurgence of the virus could hamper a recovery in fuel demand.
Categories: Business News

Honeywell launches new business unit to capture drone market

Reuters Business News - Mon, 2020-06-15 04:07
Honeywell International Inc, a major supplier of aerospace products, said Monday it launched an unmanned aerial systems business to bet on the autonomous aviation space – drones, air taxis, and unmanned cargo delivery vehicles.
Categories: Business News

Intesa, BPER revise terms to try to clear antitrust hurdles to UBI deal

Reuters Business News - Mon, 2020-06-15 04:02
Italy's Intesa Sanpaolo has agreed to sell more branches and assets to rival BPER to try to overcome antitrust objections to its proposed takeover of UBI Banca .
Categories: Business News

Volkswagen expects very bad second-quarter, positive 2020 adjusted operating profit

Reuters Business News - Mon, 2020-06-15 03:49
Volkswagen expects a very bad second quarter, but also sees a positive adjusted operating profit before special items for 2020, Chief Financial Officer Frank Witter said in an internal newsletter.
Categories: Business News

Stocks, oil under pressure amid fears of second wave of pandemic

Reuters Business News - Mon, 2020-06-15 03:30
Fears of a second wave of COVID-19 infections sent jitters across global markets on Monday with stocks and oil under pressure while investors bought into safe havens such as government bonds.
Categories: Business News

U.S. mattress business springs back from pandemic shutdown

Reuters Business News - Mon, 2020-06-15 03:21
The U.S. mattress business has bounced back after months of shutdowns from the coronavirus pandemic kept customers away.
Categories: Business News

Meatpacking workers often absent after Trump order to reopen

Reuters Business News - Mon, 2020-06-15 03:14
Smithfield Foods Inc [SFII.UL] is missing about a third of its employees at a South Dakota pork plant because they are quarantined or afraid to return to work after a severe coronavirus outbreak, according to the workers' union.
Categories: Business News

EU governments to pay 750 mln euros for 300 mln doses of AstraZeneca vaccine -Italy

Reuters Company News - Mon, 2020-06-15 03:09
Italy, Germany, the Netherlands and France will pay 750 million euros ($843.1 million) for 300 million doses of AstraZeneca's potential COVID-19 vaccine as part of a European deal to secure supplies of the drug, a spokesman for Italy's health ministry said on Monday.
Categories: Business News
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