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Reuters Business News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
Updated: 4 years 21 weeks ago
Nestle confirms sale of Buitoni brand's North American business
Nestle SA is selling the North American business of its Buitoni pasta brand to private-equity firm Brynwood Partners, the Swiss food group said on Monday.
Categories: Business News
Dunkin' franchisees to hire up to 25,000 workers as U.S. states reopen
Dunkin', a unit of Dunkin' Brands Group Inc , said on Monday its franchisees are seeking to hire up to 25,000 workers as it prepares for higher demand, with U.S. states reopening after months-long lockdowns to contain the spread of the novel coronavirus.
Categories: Business News
Nasdaq sets new record, close to confirming bull market in place
The Nasdaq Composite Index rose to a new high on Monday, and looks on track to confirm that it was the first of Wall Street's main indexes to enter a bull market two and a half months ago, after Wall Street's nosedive on worries about the novel coronavirus.
Categories: Business News
Exclusive: Volkswagen supervisory board to discuss VW brand leadership - sources
Volkswagen Chief Executive Herbert Diess may lose responsibility for managing the company's core VW brand at an extraordinary supervisory board meeting due to be held on Monday, sources familiar with the matter told Reuters.
Categories: Business News
VW says Stefan Sommer, board member for procurement to leave
Volkswagen said Stefan Sommer, group board member for procurement and components, will leave the company on June 30, 2020 as part of a broader management reshuffle.
Categories: Business News
Lufthansa's Austrian arm gets 450 million euro government bailout
Austria is granting Lufthansa's Austrian Airlines unit a 450 million euro ($508 million) bailout that will protect Vienna as a transit hub and safeguard "the bulk" of the flag carrier's 7,000 jobs, the government said on Monday.
Categories: Business News
Exclusive: Fiat, PSA merger hits EU roadblock, may need concessions - sources
Fiat Chrysler's planned $50 billion merger with Peugeot maker PSA has hit a bump after EU regulators voiced concerns about the companies' market share in small vans, indicating concessions may be required, sources said.
Categories: Business News
AstraZeneca, Gilead merger doubted by Wall Street analysts
A merger between AstraZeneca and Gilead Sciences Inc is unlikely due to significant political hurdles, Wall Street analysts said on Monday after a Bloomberg report that the British drugmaker last month had contacted its U.S. rival about a deal.
Categories: Business News
U.S. consumers grew slightly more optimistic about jobs and earnings in May
U.S. consumers felt slightly more optimistic about their finances and job security in May as businesses began to reopen and rehire workers following the easing of coronavirus-related restrictions, according to a survey released on Monday by the New York Federal Reserve.
Categories: Business News
Elanco wins conditional EU antitrust okay for $7.6 billion Bayer deal
Elanco Animal Health secured EU antitrust clearance on Monday to buy Bayer's veterinary drugs unit after pledging to sell some products to address competition concerns about the $7.6 billion deal.
Categories: Business News
Factbox: Who's bidding to be next World Trade Organization chief?
The World Trade Organization (WTO) began the process on Monday of selecting a new director-general to replace Brazil's Roberto Azevedo, who is stepping down a year early at the end of August.
Categories: Business News
S&P 500, Dow extend rally on hopes of swift economic rebound
Wall Street's major indexes rose on Monday, building on last week's sharp gains after a surprisingly upbeat jobs report raised bets of a swift recovery from a coronavirus-driven downturn.
Categories: Business News
Austria strikes €450 million bailout deal for Lufthansa unit, sources say
Austria has agreed to a smaller than expected bailout package for Lufthansa unit Austrian Airlines of 450 million euros ($508 million) in loans and grants, people familiar with the matter said on Monday.
Categories: Business News
Gilead shares rise on report of AstraZeneca's interest in megamerger
Shares of Gilead Sciences Inc rose as much as 3% on Monday after a report said the U.S. drugmaker had been approached by Britain's AstraZeneca for a possible merger to form one of the world's largest drug companies.
Categories: Business News
British financier Staveley's $2 billion Barclays lawsuit hits High Court
British buinesswoman Amanda Staveley's private equity firm told London's High Court on Monday it had received a "substantially worse" deal than Qatar when its syndicate invested billions of pounds in Barclays during the financial crisis in 2008.
Categories: Business News
Exclusive: Oil major BP to cut 15% of workforce
BP will cut about 15% of its workforce in response to the coronavirus crisis and as part of Chief Executive Bernard Looney's plan to shift the oil and gas major to renewable energy, it said on Monday.
Categories: Business News
Austria's Kurz to hold news conference on Austrian Airlines at 1500 GMT
Austrian Chancellor Sebastian Kurz, Vice Chancellor Werner Kogler and Finance Minister Gernot Bluemel will hold a news conference on Lufthansa unit Austrian Airlines at 5 p.m. (1500 GMT), the government said in a statement on Monday.
Categories: Business News
Ryanair boss sees UK quarantine dropped or quashed by end-June
Ryanair believes Britain's courts will either strike down a 14-day quarantine for international travellers this week or the government will drop the measure before the end of June, boss Michael O'Leary told Reuters on Monday.
Categories: Business News
EU antitrust regulators reinforce case against Teva pay-for-delay deals
EU antitrust enforcers, boosted by recent court victories, on Monday reinforced their case against Israeli drugmaker Teva over its deal with rival Cephalon to delay selling a generic version of its sleep disorder drug modafinil.
Categories: Business News
Samsung leader appears in court, waits to hear if he'll be jailed again
Samsung Group's leader, Jay Y. Lee, appeared before a South Korean court on Monday, awaiting a ruling on whether new allegations including accounting fraud and stock manipulation will send him back to jail after more than two years of freedom.
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