Business News

Britain's competition regulator has given itself two more months to make a final ruling on Amazon's purchase of a minority stake in online delivery group Deliveroo so it can take full account of representations from all interested parties.

U.S. airlines carried 3 million passengers in April, a staggering 96% decline amid the coronavirus pandemic and flight restrictions, the Transportation Department said Wednesday.

The dollar slid to a three-month low and a gauge of global equities edged lower on Wednesday as investors awaited news at the end of a two-day meeting of the Federal Reserve and its plans to strengthen a nascent U.S. economic recovery.

Ford Motor Co expects to have its U.S. vehicle assembly plants return by early July to building at the rates they did before the coronavirus pandemic shut down the U.S. auto industry for two months, a top executive said on Wednesday.

TSX edges higher on Wednesday as shares of precious metal miners were supported by higher gold prices, while investors awaited the U.S. Federal Reserve's first projections on the economy post-coronavirus outbreak.

Tesla Inc Chief Executive Elon Musk has told his staff it was time to bring the Tesla Semi commercial truck to "volume production," a message that coincides with a surge in the share price of rival clean truck maker Nikola Corp.

U.S. stocks opened higher on Wednesday, with Nasdaq hitting another record high, as attention shifted to the Federal Reserve's first projections on the economy post-coronavirus outbreak.

Johnson & Johnson said on Wednesday it would start human trials of its potential COVID-19 vaccine in the second half of July. (Reporting by Saumya Sibi Joseph in Bengaluru; Editing by Saumyadeb Chakrabarty)

The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:

U.S. carrier Delta Air Lines on Wednesday forecast a 90% plunge in second-quarter revenue and warned it would need to renegotiate its debt agreements to avoid a default next year.

Inflation in Brazil continued to evaporate in May, official figures showed on Wednesday, as falling fuel and air travel costs due to the coronavirus crisis led to the steepest monthly fall in consumer prices since August 1998.

The two Czech ruling coalition parties agreed on Wednesday to impose a 5% digital tax aimed at global internet giants, below an earlier plan for a 7% rate, news agency CTK quoted Labour Minister Jana Malacova as saying on Wednesday.

Goldman Sachs Group Inc commodities unit generated more than $1 billion in revenue this year through May as traders positioned their bets for the collapse in oil prices, Bloomberg reported on Wednesday.

Walt Disney Co on Friday will release a film adaptation of popular young adult book series "Artemis Fowl," one that its stars and director admit differs from the story written by Irish author Eoin Colfer.

U.S. consumer prices fell for a third straight month in May and underlying inflation was weak as demand remained subdued amid a recession caused by the COVID-19 pandemic.

U.S. carrier Delta Air Lines said on Wednesday it expects to have $10 billion in cash, cash equivalents, short-term investments and borrowing capacity by year-end.

Norway's energy minister said state-controlled Equinor must be more transparent about its foreign businesses after it was hit by mounting losses from U.S. oil and gas investments.

* Futures up: Dow 0.17%, S&P 0.33%, Nasdaq 0.79% (Adds comment, details; updates prices)

Starbucks Corp on Wednesday forecast its third-quarter operating income to plunge by about $2.2 billion, hit by coronavirus-induced store closures.

* Aims to be entertainment leader in German-speaking countries (Recasts with CEO comments on M&A; supervisory board vote)