Business News

Taco Bell parent Yum Brands Inc sued Grubhub Inc on Thursday for allegedly violating a delivery contract, a day after Europe's Just Eat Takeaway.com agreed to buy the U.S. food delivery company for $7.3 billion.

An influential Mexican business lobby on Thursday warned a hike in the price that private power producers pay to access the country's main electricity transmission grid will deal a blow to the green industry and be passed on to the consumer.

Data mining firm Palantir Technologies Inc is aiming to file confidentially with U.S. regulators to go public in the coming weeks, emboldened by the strong performance of other initial public offerings (IPOs), people familiar with the matter said.

Data mining firm Palantir Technologies Inc is aiming to file confidentially with U.S. regulators to go public in the coming weeks, emboldened by the strong performance of other initial public offerings (IPOs), people familiar with the matter said.

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

A month into efforts to broadly reopen the U.S. economy there is little clarity either on the pace and durability of the recovery, or on the ability to convincingly suppress the virus that has killed more than 112,000 Americans.

-- Source link: https://on.wsj.com/2XREG51

Asian equities are set to fall sharply on Friday after Wall Street stocks and oil tumbled over growing concerns that a resurgence of coronavirus infections could stunt the pace of reopening economies.

Asian equities are set to fall sharply on Friday after Wall Street stocks and oil tumbled over growing concerns that a resurgence of coronavirus infections could stunt the pace of reopening economies.

The corporate response to a wave of protests over the treatment of African Americans has included pledges to increase diversity, donations to civil rights groups and, in some cases, changes in policies or practices long sought by critics. Here is a sampling:

Zoom Video Communications Inc said on Thursday the Chinese government demanded the termination of four public meetings held on its video conferencing platform on June 4 to commemorate the 31st anniversary of China's Tiananmen Square crackdown.

Apple Inc said on Thursday it will increase spending with black-owned suppliers as part of a $100 million racial equity and justice initiative, while Google-owned YouTube said it will spend $100 million to fund black artists.

Apple Inc said on Thursday it will increase spending with black-owned suppliers as part of a $100 million racial equity and justice initiative, while Google-owned YouTube said it will spend $100 million to fund black artists.

A stock market that shook off the coronavirus pandemic, economic devastation and sky-high equity valuations was reminded of all three on Thursday, as Wall Street took its biggest dive in three months.

China is building hundreds of testing laboratories and stocking up on tests to ramp up screening for the coronavirus, even in healthy people, having all-but stamped out local transmission of the disease.

The Cboe Volatility Index, known as Wall Street's "fear gauge," jumped to its highest level in more than a month on Thursday as concerns over a resurgence of the novel coronavirus pandemic felled U.S. stocks.

A group of bondholders of LATAM Airlines Group SA is in talks to supply up to $1.5 billion in a debtor-in-possession loan within the Chapter 11 proceeding in the United States, two people with knowledge of the matter said on Thursday.

Activist hedge fund Jana Partners on Thursday disclosed a new stake in Perspecta Inc , which provides information technology services to government customers, and said it will speak with executives about changes that could lead to a merger or sale.

A group of bondholders of LATAM Airlines Group SA is in talks to supply up to $1.5 billion in a debtor-in-possession loan within the Chapter 11 proceeding in the United States, two people with knowledge of the matter said on Thursday.

Taco Bell parent Yum Brands Inc sued Grubhub Inc on Thursday for allegedly violating a delivery contract, a day after Europe's Just Eat Takeaway.com agreed to buy the U.S. food delivery company for $7.3 billion.