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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
Delta, union working to avoid furloughs of 2,300 pilots
Delta Air Lines Inc and its pilots union said on Sunday they are working to avoid furloughs of roughly 2,300 pilots following a reshuffling process meant to match staffing to summer 2021 flying.
Categories: Business News
Coty to appoint Chairman Peter Harf as its new CEO: WSJ
Coty Inc is set to announce that Peter Harf, its current chairman, will become the cosmetics company's new chief executive officer, replacing Pierre Laubies, the Wall Street Journal reported on Sunday, citing people familiar with the matter.
Categories: Business News
Amazon's Jeff Bezos invests in UK digital freight forwarder Beacon
Amazon.com Inc Chief Executive Jeff Bezos has picked British startup Beacon, a digital freight forwarder, for his latest investment.
Categories: Business News
Exclusive: Mexican broadcaster Televisa to launch mobile phone service, challenging Slim
Mexican broadcaster Televisa said on Sunday it will start offering mobile phone service, a bid to challenge billionaire Carlos Slim's America Movil, which has long dominated the country's telecommunications market.
Categories: Business News
Embraer negotiating $600 million bank financing for exports
Brazilian planemaker Embraer SA , the world's third largest commercial jet builder, should obtain $600 million in credit lines from Brazil's state development bank BNDES and private banks in June, government sources said on Sunday.
Categories: Business News
Russia has no objection to earlier OPEC+ meeting: sources
Russia has no objection to the next meeting of OPEC and its allies, known as OPEC+, being brought forward to June 4 from the following week, three OPEC+ sources familiar with the meeting's preparations told Reuters on Sunday.
Categories: Business News
Renault chairman dismisses fears over potential Maubeuge closure
Renault has no plans to close its Maubeuge plant in northern France, Chairman Jean-Dominique Senard said on Sunday, two days after the carmaker announced 15,000 job cuts globally as part of a major restructuring.
Categories: Business News
EU trade commissioner Hogan mulling candidacy for WTO chief
European trade commissioner Phil Hogan is considering putting his name forward as a candidate to be the next director-general of the World Trade Organization, his spokesman said on Sunday.
Categories: Business News
Wall Street Week Ahead: Investors eye consumer discretionary stocks as U.S. reopens
Investors are taking a closer look at the market's consumer discretionary companies as a reopening U.S. economy fuels hopes of a turnaround for some of the sector's hardest-hit names.
Categories: Business News
Exclusive: Zoom plans to roll out strong encryption for paying customers
Video conferencing provider Zoom plans to strengthen encryption of video calls hosted by paying clients and institutions such as schools, but not by users of its free consumer accounts, a company official said on Friday.
Categories: Business News
Amazon removes racist messages after they appear on some product listings
Amazon.com Inc said it was removing certain images after messages using extremely strong racist abuse appeared on some listings on its UK website when users searched for Apple's AirPods and other similar products.
Categories: Business News
Google postpones Android 11 unveiling amid U.S. protests
Alphabet Inc's Google on Saturday said it has postponed next week's planned unveiling of the beta version of its latest Android 11 mobile operating system in light of protests and unrest in the United States.
Categories: Business News
Credit Suisse's Rohner sees no big hit from oil & gas exposure: SRF
Credit Suisse will not take a significant hit from its exposure to the battered oil and gas sector, Chairman Urs Rohner told Swiss state broadcaster SRF on Saturday.
Categories: Business News
Lufthansa accepts tweaked demands by Brussels over state bailout
Lufthansa's management board has accepted a more favourable set of demands from the European Commission in exchange for approval of a 9 billion euro ($10 billion) government bailout, the carrier said on Saturday, paving the way for its rescue.
Categories: Business News
U.S. pipeline operator Energy Transfer warns of coming job cuts
U.S. pipeline operator Energy Transfer LP will begin cutting about 6% of its workforce next week, underscoring the spreading impact of weak oil and gas prices on the energy business.
Categories: Business News
Sale of shut Philly refinery to real estate developer delayed
The closing of a $252 million sale of the Philadelphia Energy Solutions (PES) oil refinery to a Chicago-based real estate developer has been delayed, a city official and source with knowledge of the agreement said on Friday.
Categories: Business News
Lyft violates Washington DC sick day law during pandemic, lawsuit claims
Lyft Inc was sued on Friday by a former driver who accused the ride-sharing company of failing to provide required paid sick leave to drivers in Washington, D.C., a policy she said could fuel the spread of the coronavirus.
Categories: Business News
Edging closer to bailout, Lufthansa accepts tweaked demands by Brussels
Lufthansa's management board accepted a more favourable set of demands made by the European Commission in exchange for approval of a 9 billion euro ($10 billion) government bailout, the carrier said on Saturday, paving the way for its rescue.
Categories: Business News
Wall Street ends mostly higher as U.S.-China spat simmers
U.S. stocks finished mostly higher on Friday after President Donald Trump announced measures against China in response to new security legislation that were less threatening to the U.S. economy than investors had feared.
Categories: Business News
United Airlines cutting 13 top jobs, adding international flights in July
United Airlines Holdings Inc said on Friday it will eliminate 13 officer positions even as it adds international flights back to its network, part of a restructuring to address the hit on its business from the coronavirus pandemic.
Categories: Business News
