Business News

Commerzbank, under fire for its strategy and leadership, on Friday rejected demands by top investor Cerberus for two seats on the German bank's supervisory board.

California investigators are examining Amazon.com Inc's business practices as part of an inquiry into the company, the Wall Street Journal reported on Friday, citing people familiar with the matter.

* U.S. stocks bounce back, but on track for worst week in 3 months

A report commissioned by a U.S. regulator on climate-related risks to financial markets, the first of its kind, will be ready next month and will include specific policy recommendations for federal oversight, the head of the panel preparing it said on Thursday.

Commerzbank on Friday rejected demands by one of its top investors, Cerberus, for two seats on the German bank's supervisory board.

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.

Brazilian stocks and the real slid in catch-up trade on Friday, while most other Latin American currencies trended lower and were set for steep weekly losses as markets reassessed the prospect of a swift post-COVID 19 recovery. The MSCI's index of re

* Indexes up: Dow 0.8%, S&P 0.4%, Nasdaq 0.1% (Updates to late afternoon)

Two key U.S. senators are circulating a bipartisan draft bill that would reform how the Federal Aviation Administration certifies new aircraft in the wake of two fatal Boeing 737 MAX crashes that killed 346 people.

The U.S. Food and Drug Administration has approved a drug to treat infants and children with HIV, with the drug having been developed by drugmaker GlaxoSmithKline's HIV drugs division ViiV Healthcare, the FDA and the GSK unit said.

Mexico's Puebla state, where German automaker Volkswagen and its luxury brand unit Audi have major plants, said it is not ready to reopen its automotive sector due to ongoing concerns about the spread of the coronavirus.

Mexico's Puebla state, where German automaker Volkswagen and its luxury brand unit Audi have major plants, said it is not ready to reopen its automotive sector due to ongoing concerns about the spread of the coronavirus.

Chicago brokers and traders worry the novel coronavirus will kill more of the city's once famous shout-and-gesture trading pits.

Chicago brokers and traders worry the novel coronavirus will kill more of the city's once famous shout-and-gesture trading pits.

China's Tencent Music Entertainment Group on Friday reported a 5.2% passive stake in Class A shares of Warner Music Group Corp, about a week after the world's third-largest recording label's debut on the Nasdaq.

Offshore oil producer Fieldwood Energy on Thursday was sued by an insurance provider for allegedly failing to post $19.2 million in collateral for performance bonds, according to a Texas state court filing.

China's Tencent Music Entertainment Group on Friday reported a 5.2% passive stake in Class A shares of Warner Music Group Corp, about a week after the world's third-largest recording label's debut on the Nasdaq.

The S&P 500 slipped into negative territory in volatile trading on Friday, as it flirted with a key long-term technical indicator, a day after a punishing session for Wall Street on fears of a resurgence in coronavirus infections and economic worries.

A Kansas regulatory commission has disclosed that it is considering an investigation into whether power utility Evergy Inc's agreement with hedge fund Elliott Management could end up costing consumers.

The Federal Reserve expects household finances and business balance sheets to suffer "persistent fragilities" as a result of the shock to economic activity arising from the coronavirus pandemic, the central bank said in a report to Congress on Friday.