Business News

For 8 minutes and 46 seconds - the length of time it took George Floyd, an unarmed black man, to die at the hands of Minneapolis police - cable TV kids channel Nickelodeon's screen went black on Tuesday to sounds of inhaling and exhaling, as white text flashed "I can't breathe."

Private equity firm Sycamore Partners is in preliminary talks to acquire J.C. Penney Co Inc out of bankruptcy should the U.S. department store chain's negotiations with its creditors fail, three people familiar with the matter said on Friday.

Twitter Inc, Facebook Inc and Instagram disabled President Donald Trump's campaign tribute video to George Floyd on their platforms on Friday, citing copyright complaints.

A Brazilian judge has suspended activities at a pork plant owned by meatpacker JBS SA in the southern Brazilian state of Rio Grande do Sul for 14 days, according to a copy of the decision seen Friday night.

Facebook CEO Mark Zuckerberg on Friday said he would consider changes to the policy that led the company to leave up controversial posts by President Donald Trump during recent demonstrations protesting the death of an unarmed black man while in police custody, a partial concession to critics.

The U.S. economy unexpectedly added jobs in May, surprising economists and analysts who had forecast millions more losing their livelihoods, and raising hopes of a faster economic recovery than expected.

Brazilian highway operator CCR SA said on Friday that vehicle traffic on its roads reached its highest level since mid-March, as state authorities throughout the nation begin to relax quarantine measures.

Film and TV cameras can start rolling in California as soon as June 12, state officials said on Friday as they approved new guidelines to prevent the spread of the novel coronavirus on sets.

The heavyweight technology and growth stocks that drove Wall Street higher in recent years are again fueling a surge that has taken the Nasdaq from a brutal selloff to an intraday record high in just 11 weeks, as investors look beyond the economic upheaval caused by the coronavirus.

Film and TV cameras can start rolling in California as soon as June 12, state officials said as they approved new guidelines to prevent the spread of the novel coronavirus on sets.

The Trump administration has ordered Marriott International to wind down hotel operations in Communist-run Cuba, a company spokeswoman told Reuters, extinguishing what had been a symbol of the U.S.-Cuban detente.

The Trump administration has ordered Marriott International to wind down hotel operations in Communist-run Cuba, a company spokeswoman told Reuters, extinguishing what had been a symbol of the U.S.-Cuban detente.

Brazilian state-run oil firm Petrobras exported 1.11 million tonnes of fuel oil in May, beating the company's previous all-time record set in February by 10%, the company said in a securities filing on Friday.

Facebook Inc has started a workstream for building products to advance racial justice in response to the ongoing protests in the country, Chief Executive Officer Mark Zuckerberg said on Friday. (Reporting by Ayanti Bera in Bengaluru; Editing by Anil D'Silva)

Brazilian power company CPFL Energia SA, controlled by China's State Grid, has fixed the share price for an upcoming delisting offer of subsidiary CFPL Renovaveis at 18.24 reais, it said in a securities filing on Friday.

The United States will permit Chinese passenger air carriers to operate two flights per week after Beijing said it would ease coronavirus-related restrictions to allow in more foreign carriers, the U.S. Transportation Department said on Friday.

Energy companies on Friday evacuated 10% of production platforms and shut nearly 30% of offshore oil output, pushing gasoline prices higher, as Tropical Storm Cristobal entered the U.S. Gulf of Mexico.

Improving U.S. economic data is pushing investors out of U.S. government bonds at the fastest pace in months, the latest sign that risk appetite is returning to broader markets.

The United States will permit Chinese passenger air carriers to operate two flights per week after Beijing said it would ease coronavirus-related restrictions to allow in more foreign carriers, the U.S. Transportation Department said on Friday.

The United States is considering imposing sanctions on dozens of additional foreign oil tankers for trading with Venezuela, U.S. officials told Reuters on Friday, the latest effort to sever what Washington sees as a lifeline for President Nicolas Maduro.