Business News

Unionized mine workers in Chile, the world's top copper producer, warned on Thursday that health should take precedence over output, one day after state-run Codelco's unions threatened a walkout at some of its operations.

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.

Lululemon Athletica Inc's first-quarter revenue and profit fell below Wall Street expectations as the yoga apparel maker's stores were closed due to coronavirus-led lockdowns, sending shares down 6% after the bell on Thursday.

ByteDance, parent company of the short video app TikTok, has more than tripled its U.S. employees in the past 12 months, the company said in response to a Reuters inquiry.

* Indexes fall: Dow 6.90%, S&P 5.89%, Nasdaq 5.27% (Updates with closing prices)

Jim Keller, a prominent chip executive who helped design chips at Apple Inc and Tesla Inc before joining Intel Corp two years ago, left the Santa Clara, California-based chipmaker effective June 11, Intel said in a news post.

Global equity markets fell sharply on Thursday in their worst sell-off since markets crashed in March, while safe-haven assets rose after the Federal Reserve's sobering outlook cast doubt on hopes for a V-shaped recovery from the coronavirus pandemic.

Alphabet Inc's Google said on Thursday it was tackling unlawful discrimination by barring housing, employment and credit ads from being targeted to its users based on their postal code, gender, age, parental status or marital status.

Lululemon Athletica Inc on Thursday reported a bigger-than-expected fall in quarterly revenue as its business was limited to online operations due to store closures during coronavirus-led lockdowns, sending shares down 5%.

Mexico's peso was the biggest loser among Latin American currencies on Thursday, pushed lower by tumbling oil prices, with regional stocks falling in tow after the Federal Reserve's sobe

Wall Street plummeted on Thursday as investors reacted to renewed fears of a pandemic resurgence and digested dour economic forecasts from the U.S. Federal Reserve.

Wall Street plummeted on Thursday as investors reacted to renewed fears of a pandemic resurgence and digested dour economic forecasts from the U.S. Federal Reserve.

The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

U.S. Treasury Secretary Steven Mnuchin said on Thursday he was considering possible changes to the definitions of companies that could access $17 billion in coronavirus loans for companies important to national security.

A bipartisan pair of U.S. senators on Thursday introduced legislation that would require Republican President Donald Trump to more systematically punish China for stealing U.S. technology.

Global equity markets fell sharply on Thursday in their worst sell-off since markets crashed in March, while safe-haven assets rose after the Federal Reserve's sobering outlook cast doubt on hopes for a V-shaped recovery from the coronavirus pandemic.

Microsoft Corp on Thursday said it would await federal regulation before selling facial recognition to police departments, making it the latest big firm to back away from the surveillance business following protests against police brutality.

Alphabet Inc's Google said on Thursday it was tackling unlawful discrimination by barring housing, employment and credit ads from being targeted to users based on their postal code, gender, age, parental status or marital status.

Facebook Inc's former chief product officer, Chris Cox, is returning to his role, according to his post https://www.facebook.com/photo.php?fbid=10105509261342903&set=a.692319249513&type=3&theater on the social media platform.

Oil prices tumbled about 8% a barrel on Thursday, fuelled by renewed concerns about demand destruction as new cases of coronavirus tick up globally, while crude inventories hit a record in the United States.