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Business News
U.S. court blocks sales of Bayer weed killer in United States
A U.S. appeals court has blocked Bayer AG from selling an agricultural weed killer in the United States, the latest setback for a business already fighting an expensive legal battle over another product.
Categories: Business News
New Zealand says to buy five new Super Hercules aircraft
New Zealand said on Friday
that it will purchase five C-130J-30 Super Hercules transport
aircraft from Lockheed Martin to replace its existing
fleet.
Categories: Business News
UPDATE 5-U.S. court blocks sales of Bayer weed killer in United States
* Bayer says seeking new EPA registration for 2021
(Adds statements from U.S. agriculture secretary, soy trade
group)
Categories: Business News
Facebook moves to limit spread of 'Boogaloo' groups after charges
Facebook Inc is
making it harder to find user groups associated with the term
"Boogaloo," which refers to a potential U.S. civil war or the
collapse of civilization, the company said on Thursday.
Categories: Business News
GLOBAL MARKETS-Asia's stock rally set to pause for breath ahead of U.S. jobs data
Asian stocks were set to hold
tight ranges on Friday after a mixed Wall Street session and as
investors awaited key U.S. jobs data while sustained hopes about
a global economic recovery kept pressure on the safe-haven
dollar.
Categories: Business News
Uber Eats features black-owned restaurants on U.S., Canadian delivery platform
Uber Technologies Inc on Thursday launched a feature on its food delivery app Uber Eats that lets customers in the United States and Canada order from restaurants owned by black people and pay no delivery fees for those orders through 2020.
Categories: Business News
UPDATE 1-Uber Eats features black-owned restaurants on U.S., Canadian delivery platform
Uber Technologies Inc on
Thursday launched a feature on its food delivery app Uber Eats
that lets customers in the United States and Canada order from
restaurants owned by black people and pay no delivery fees for
those orders through 2020.
Categories: Business News
Global airlines add flights; U.S. carriers target the great outdoors
Airlines from America to
Australia are ramping up flights in June and July, boosting
hopes for a pickup in tourist traffic even as bigger-spending
business and global travel remains sluggish during the ongoing
pandemic.
Categories: Business News
Tesla's Elon Musk calls for breakup of Amazon in tweet
Telsa Inc Chief Executive Elon Musk on Thursday called for Amazon.com Inc to be broken up, after an author complained on social media about being unable to self-publish a book via the world's largest online retailer.
Categories: Business News
UPDATE 1-Brazil retailer Centauro raises $176 mln in follow-on offering -sources
Brazilian sporting goods
retailer Centauro priced its shares at 30 reais each in a
follow-on offering aimed at raising 900 million reais ($175.84
million) to finance acquisitions, two sources with knowledge of
the matter said.
Categories: Business News
Gap records nearly $1 billion in losses on coronavirus-led store closures
Gap Inc on Thursday reported a quarterly loss of nearly $1 billion as the apparel retailer was forced to close its stores due to the coronavirus outbreak, sending its shares down about 8% after market hours.
Categories: Business News
Massachusetts directs agency to study phase-out of natural gas
Massachusetts' top attorney asked the
state's public utilities regulator on Thursday to probe the
future of the natural gas industry as the state moves away from
burning fossil fuels because they contribute to climate change.
Categories: Business News
Slack revenue growth fails to impress, shares tank
Slack Technologies Inc on Thursday posted slowing quarterly sales growth, disappointing investors who had expected a surge in demand for its workplace messaging app as companies rapidly adopt remote working tools and technology.
Categories: Business News
UPDATE 3-Slack revenue growth fails to impress, shares tank
Slack Technologies Inc on
Thursday posted slowing quarterly sales growth, disappointing
investors who had expected a surge in demand for its workplace
messaging app as companies rapidly adopt remote working tools
and technology.
Categories: Business News
UPDATE 2-Gap records nearly $1 billion in losses on coronavirus-led store closures
Gap Inc on Thursday reported a
quarterly loss of nearly $1 billion as the apparel retailer was
forced to close its stores due to the coronavirus outbreak,
sending its shares down about 8% after market hours.
Categories: Business News
Brazil retailer Centauro prices share at 30 reais in follow-on offering - sources
Brazilian sporting goods
retailer Centauro priced its shares at 30 reais each in a
follow-on offering aimed at raising proceeds to finance
acquisitions, two sources with knowledge of the matter said.
Categories: Business News
UPDATE 1-Canada's mortgage insurer tightens rules as it forecasts home-price drop of up to 18%
The government-backed Canada
Mortgage and Housing Corp said on Thursday it would tighten
rules for offering mortgage insurance from July 1, after
forecasting declines of between 9% and 18% in home prices over
the next 12 months.
Categories: Business News
Uber Eats features black-owned restaurants on U.S., Canadian delivery platform
Uber Technologies Inc on
Thursday launched a feature on its food delivery app Uber Eats
that allows customers in the United States and Canada to order
from restaurants owned by black people.
Categories: Business News
KKR, Ambersand Capital in joint bid for Oxford Immunotec: sources
A consortium of private equity firms KKR & Co Inc and Ampersand Capital Partners has approached Oxford Immunotec Global Plc , a medical diagnostics company that develops tests to identify tuberculosis, with a $400 million acquisition offer, people familiar with the matter said on Thursday.
Categories: Business News
S&P 500 closes down, snapping four-day rally
The S&P 500 lost ground on Thursday as investors took profits in advance of Friday's jobs report, ending a four-day rally driven by rising economic sentiment.
Categories: Business News