Business News

Bow Street LLC is close to having eight directors elected to the board of Mack-Cali Realty Corp , which would give the hedge fund control of the real estate investment trust's board, sources familiar with the matter said on Tuesday.

CME Group Inc said on Tuesday it will reopen its eurodollar options trading pit on Aug. 10, making it the latest U.S. exchange operator to resume open outcry trading, which had been put on hold due to the coronavirus pandemic.

U.S. authorities on Tuesday said they have charged the head of California medical technology firm Arrayit Corp and an investor in the company, alleging that they had roles in schemes related to COVID-19 claims.

Chinese oil companies may soon decline to charter any tanker that has visited Venezuela in the past year to avoid disruption to operations if the United States blacklists more ships for trading with Caracas, four shipping sources told Reuters on Tuesday.

Banco Santander Brasil SA , one of Brazil's top lenders, has started to lay off employees as part of a 20% cut in its workforce, newspaper Folha de S.Paulo reported on Tuesday.

The U.S. Federal Communications Commission voted on Tuesday to adopt auction procedures to provide up to $16 billion to areas that lack broadband service, including nearly 6 million

The S&P 500 and Dow fell on Tuesday, pausing after recent strong gains as focus shifted to the Federal Reserve, while the Nasdaq ended at an all-time high for a second straight day after briefly rising above the 10,000 mark for the first time.

Four Republican U.S. senators on Tuesday urged the Federal Communications Commission (FCC) to review whether to revise liability protections for internet companies after President Donald Trump urged action.

U.S. business analytics firm Dun & Bradstreet on Tuesday filed for an initial public offering, looking to ride the recent wave of successful new listing after the COVID-19 pandemic crushed the market for new issues.

Mexican President Andres Manuel Lopez Obrador said on Tuesday some of Canada's mining firms were behind on their tax payments and urged the Canadian government to lean on them to avoid the dispute reaching international tribunals.

U.S. Secretary of State Mike Pompeo on Tuesday chided British bank HSBC for backing moves by China to end Hong Kong's autonomy, saying such "corporate kowtows" got little in return from Beijing.

A recent run of optimism in markets hit the brakes on Tuesday as investors mostly pulled back from stocks, though the Nasdaq extended its record run to a new high, while the safe-haven yen, Swiss franc and gold rallied.

Bow Street LLC is close to having eight directors elected to the board of Mack-Cali Realty Corp , marking the second time in two years that investors have backed the hedge fund's director candidates, sources familiar with the matter said on Tuesday.

A recent run of optimism in markets hit the brakes on Tuesday as investors mostly pulled back from stocks, though the Nasdaq extended its record run to a new high, while the safe-haven yen, Swiss franc and gold rallied.

The president of a California medical technology company has been charged for ties to a scheme involving false and fraudulent claims for allergy and COVID-19 testing, the U.S. Department of Justice said on Tuesday.

Thousands of British customers of Vodafone Group Plc , the world's second-biggest mobile operator, faced call connection problems on Tuesday evening, although they were resolved within an hour.

Airlines are set to lose $84 billion as the coronavirus pandemic reduces revenue by half to mark the worst year in the sector's history, the International Air Transport Association (IATA) forecast on Tuesday.

Chinese video app TikTok's new Chief Executive Kevin Mayer has told EU digital chief Thierry Breton he intends to play an active role fighting disinformation, an EU official said on Tuesday, as Breton pushes tech giants to step up their efforts against fake news.

AMC Entertainment Holdings Inc said on Tuesday it was expecting to reopen its theaters globally in July after the COVID-19 crisis forced it to shut them for months that hurt its first-quarter results.

Six Republicans in the House of Representatives Judiciary Committee urged the U.S. Agriculture Department on Tuesday to ease regulations on meat processors that they said make it harder for smaller companies to compete.