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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
Miguel McKelvey, co-founder of WeWork with Adam Neumann, to leave company
WeWork's Miguel McKelvey, who co-founded the troubled office-sharing start-up with Adam Neumann, will leave the company at the end of June.
Categories: Business News
Canada posts surprise jobs gain in May and June could be even better
Canada unexpectedly added almost 290,000 jobs in May as some provinces loosened COVID-19 restrictions on businesses, data showed on Friday, and there could be an even bigger improvement in June.
Categories: Business News
Oil climbs 5% on U.S. jobless drop, OPEC+ meeting hopes
Oil prices rose on Friday after an unexpected fall in the May U.S. jobless rate and OPEC's decision to bring forward to Saturday discussions on whether to extend record production cuts.
Categories: Business News
Facebook to apply state media labels on Russian, Chinese outlets
Facebook Inc will start labeling Russian, Chinese and other state-controlled media organizations, and later this summer will block any ads from such outlets that target U.S. users, it said on Thursday.
Categories: Business News
Donald Trump says Warren Buffett makes a mistake selling airline stocks
U.S. President Donald Trump on Friday said Warren Buffett, often regarded as the world's greatest investor, made a mistake by recently exiting a multi-billion dollar investment in the airline industry.
Categories: Business News
Row over undelivered jets as Airbus threatens to sue airlines
A stand-off over undelivered passenger jets is intensifying after Airbus signalled it would sue airlines refusing to honour contracts in the face of the coronavirus crisis.
Categories: Business News
Reliance says Silver Lake, co-investors to invest extra $601 million in digital unit
India's Reliance Industries late on Friday said U.S. private equity fund Silver Lake and its co-investors will invest an additional 45.46 billion rupees ($601.40 million) in the company's digital unit Jio Platforms.
Categories: Business News
Virtual certainty? Bankers ask if success of remote roadshows will last
Who needs expensive lunches at glitzy hotels and fancy restaurants to court investors for bond deals or the sale of new shares on the stock exchange?
Categories: Business News
Exclusive: U.S. considers blacklisting more oil tankers over Venezuela trade, official says
The United States is considering imposing sanctions on dozens of additional foreign oil tankers for trading with Venezuela, a U.S. official told Reuters on Friday.
Categories: Business News
Cafe Rouge, Bella Italia could see nearly a third of outlets closed: sources
Britain's high-street restaurant chains Bella Italia, Cafe Rouge and Las Iguanas could see around 30% of their outlets cut, two sources told Reuters, as their owner pushes ahead with talks to sell the businesses stricken by the COVID-19 crisis.
Categories: Business News
WeWork co-founder McKelvey to leave company by June end
WeWork co-founder Miguel McKelvey will leave the office space-sharing firm at the end of June, a company spokesman said on Friday.
Categories: Business News
Airbus warns it may sue airlines over undelivered jets: paper
Airbus is ready to sue airlines that refuse to honour contracts to take aircraft, its chief executive was quoted on Friday as saying, raising the stakes in a stand-off between some manufacturers and airlines over the corornavirus crisis.
Categories: Business News
Volkswagen resumes deliveries of its Golf 8 after software glitch
Volkswagen on Friday said it had resumed deliveries of its newest Golf model after voluntarily halting sales in mid-May.
Categories: Business News
Trump says he views U.S.-China trade deal differently amid coronavirus
U.S. President Donald Trump said on Friday he views the Phase 1 trade deal inked between the United States and China differently in the wake of the coronavirus pandemic.
Categories: Business News
LVMH backs down on renegotiating Tiffany deal, sources say
French luxury goods giant is not asking to renegotiate its $16.2-billion acquisition of U.S. jewelry chain Tiffany & Co after deliberating whether to do so, people familiar with the matter said on Friday.
Categories: Business News
U.S. labor market unexpectedly improves, but recovery expected to be a slog
The U.S. economy unexpectedly added jobs in May after suffering record losses in the prior month, offering the clearest signal yet that the downturn triggered by the COVID-19 pandemic was probably over, though the road to recovery could be long.
Categories: Business News
Wall Street jumps after surprise job additions in May
U.S. stock indexes jumped on Friday, with the Nasdaq Composite less than 1% away from a record high, after a closely watched report showed surprise job additions in May, lending weight to hopes of a faster economic rebound from a coronavirus-led slump.
Categories: Business News
Volkswagen board to review internal probe into racist car ad
Volkswagen has completed an internal report into how it came to publish a racist advert, the German carmaker said on Friday, adding that its findings will be released once its management board has reviewed the matter.
Categories: Business News
Surprise May U.S. payrolls rise fans hopes for economic recovery
The U.S. unemployment rate unexpectedly fell in May and layoffs abated, the Labor Department said on Friday in a report that showed the latest signs the economic downturn caused by the COVID-19 pandemic was bottoming.
Categories: Business News
Pence says jobs report indicative of U.S. economy beginning to recover
U.S. Vice President Mike Pence said the jobs report released on Friday was a sign the U.S. economy was beginning to recover from the deep hit caused by the novel coronavirus outbreak, but said President Donald Trump is still in favor of a payroll tax cut.
Categories: Business News
