Business News

Drugstore chain CVS Health Corp joined Walmart Inc in announcing it will stop keeping beauty and personal care products designed for people of color in locked display cases, after the practice drew criticism online.

China's central bank has given the final nod to a network clearing license for an American Express joint venture, allowing it to be the first foreign credit card company to launch onshore operations in China.

China's central bank has given the final nod to a network clearing license for an American Express joint venture, allowing it to be the first foreign credit card company to launch onshore operations in China.

China's central bank said on Saturday it has given American Express approval to set up a bank card clearance business in the country.

State investigators in both California and Washington are examining Amazon's business practices, two newspapers reported, citing people familiar with the matter.

Drugstore chain CVS Health Corp joined Walmart Inc in announcing it will stop keeping beauty and personal care products designed for people of color in locked display cases, after the practice drew criticism online.

Drugstore chain CVS Health Corp joined Walmart Inc in announcing it will stop keeping beauty and personal care products designed for people of color in locked display cases, after the practice drew criticism online.

Motiva Enterprises plans to cut about 200 salaried and professional contract employees by September and reorganize some operations because of the economic impact of the coronavirus pandemic, sources familiar with the company’s plans said on Friday

Motiva Enterprises plans to cut about 200 salaried and professional contract employees by September as well as reorganize because of the economic impact of the COVID-19 pandemic, sources familiar with the company’s plans said on Friday

White House economic adviser Larry Kudlow said on Friday the administration of U.S. President Donald Trump is not concerned about a second wave of coronavirus cases, the Wall Street Journal reported.

Federal authorities administering business payroll loans as part of U.S. coronavirus relief efforts on Friday eased rules prohibiting lending to business owners with criminal records, allowing some with no convictions in the past year to access funds.

A U.S. regulator ruled that India's Mahindra and Mahindra Ltd infringed upon the intellectual property rights of Fiat Chrysler Automobiles NV's (FCA) Jeep brand, barring the sale of the vehicles in question.

Hertz Global Holdings Inc said it won bankruptcy court approval on Friday to sell up to $1 billion in stock, capitalizing on a remarkable rally in its shares driven by speculators defying conventional market wisdom.

Hertz Global Holdings Inc said it won bankruptcy court approval on Friday to sell up to $1 billion in stock, capitalizing on a remarkable rally in its shares driven by speculators defying conventional market wisdom.

Canada's intelligence agency warned that arresting the daughter of billionaire Huawei founder Ren Zheng would set off global "shock waves" and seriously affect ties with China, just before her detention in Vancouver on a U.S. extradition request, new court documents show.

Brazil's Petroleo Brasileiro SA has told shippers it will not hire any tankers that have visited Venezuela in the past 12 months, the state-controlled oil company said on Friday, signaling adherence to U.S. sanctions on the Latin American nation.

Facebook Inc fired an employee who had criticized Chief Executive Mark Zuckerberg's decision not to take action against inflammatory posts by U.S. President Donald Trump this month, citing his tweet challenging a colleague's silence on the issue.

Mexican state-owned oil company Pemex revised its July term pricing formulas for crude oil shipped to its international customers, the company said on Friday. The following table lists adjustments to price constants for Pemex's flagship Maya heavy crude, as well as its Isthmus and Olmeca grades, to buyers in the Americas, Europe and Asia: DESTINATION JUNE CONSTANT JULY CONSTANT ---------------- ---------------- ---------

Britain's Cineworld Group Plc said on Friday it abandoned its $1.65 billion deal to buy Cineplex Inc, citing what it termed the Canadian company's breaches in the merger agreement between the cinema operators.

A Facebook Inc employee who criticized Chief Executive Mark Zuckerberg's decision not to take action against inflammatory posts by U.S. President Donald Trump this month said on Friday that the social media company had fired him.