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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
Cisco to acquire software firm ThousandEyes
Cisco Systems Inc has agreed to acquire privately held software maker ThousandEyes Inc, the network gear maker said on Thursday.
Categories: Business News
Costco beats revenue estimates as consumer stockpile essentials
Warehouse club operator Costco Wholesale Corp beat quarterly revenue estimates on Thursday, as people stocked up on essentials before hunkering down in their homes to contain the spread of the coronavirus.
Categories: Business News
Dell beats revenue estimates as remote working lifts workstation demand
Dell Technologies Inc beat analysts' estimates for quarterly revenue on Thursday, boosted by demand for its workstations from companies moving more employees to work from home due to the coronavirus outbreak.
Categories: Business News
Italy's credit agency SACE approves state guarantees for FCA $7 billion bank loan: source
The board of Italy's export credit agency SACE has approved state guarantees covering 80% of a 6.3 billion euro ($7 billion) bank loan for Fiat Chrysler , a source close to the matter said on Thursday.
Categories: Business News
LATAM's bankruptcy filing to delay its Brazil bailout to at least July: sources
LATAM Airlines Group's U.S. bankruptcy filing this week will delay its potential bailout in Brazil to at least July and also push back aid to its rivals at least through the end of June, two sources said on Thursday.
Categories: Business News
Trump considering legislation that may scrap law that protects social media companies
President Donald Trump said he will introduce legislation that may scrap or weaken a law that has long protected internet companies, including Twitter and Facebook, an extraordinary attempt to intervene in the media that experts said was unlikely to survive legal scrutiny.
Categories: Business News
Salesforce cuts annual sales estimates on COVID-19 hit
Salesforce.com Inc cut its annual revenue forecast on Thursday, citing the impact of the COVID-19 pandemic.
Categories: Business News
Exclusive: TikTok owner ByteDance moves to shift power out of China - sources
TikTok's poaching of Disney's Kevin Mayer to be its CEO was just the most visible part of a broader strategy by its Chinese owner to shift its centre of power away from China at a time of rising global tensions, several people familiar with the plans said.
Categories: Business News
Trump directs AG to boost enforcement of state laws on social media companies
U.S. President Donald Trump said on Thursday that he is directing Attorney General William Barr to work with states to enforce their own laws against what he described as deceptive business practices by social media companies.
Categories: Business News
S&P cuts Rolls-Royce credit rating to junk on COVID-19 hit
Ratings agency Standard & Poor's cut engine maker Rolls-Royce's credit rating to junk on Thursday, citing the disruption caused to global air travel from the COVID-19 pandemic.
Categories: Business News
Oil rises as higher U.S. refinery rates offsets surprise crude build
Oil futures rose about 2% on Thursday as a steady improvement in U.S. refining activity offset a surprise build in crude and diesel inventories and on worries that China's new Hong Kong security law could result in trade sanctions.
Categories: Business News
Masks, cleaning, filtration better than blocking middle seats: United CEO
United Airlines Holdings Inc Chief Executive Scott Kirby said on Thursday that facial masks, aircraft cleaning and air filtration systems are better measures for preventing the spread of the coronavirus on airplanes than trying to social distance.
Categories: Business News
Fed's Kaplan says U.S. economy has bottomed, ties rebound to testing
The U.S. economy has likely bottomed, Dallas Federal Reserve Bank President Robert Kaplan said on Thursday, but a healthy rebound depends on a massive increase in testing so that people feel comfortable resuming traveling, dining out and other pre-crisis activities.
Categories: Business News
German auto supplier ZF Friedrichshafen to cut up to 15,000 jobs: memo
German car parts supplier ZF Friedrichshafen plans to reduce the workforce by up to 15,000 jobs, or around 10%, by 2025 as a result of a slump in demand, according to a memo on Thursday.
Categories: Business News
U.S. major airlines roll out more options to avoid staff lay-offs
The top three U.S. airlines, hit hard by the coronavirus pandemic, are rolling out fresh programs to induce tens of thousands of employees to accept voluntary leave or early retirement in the hope of avoiding widespread furloughs in the fall, company memos show.
Categories: Business News
Trump executive order takes aim at social media firms -draft
U.S. President Donald Trump is expected to order a review of a law that has long protected internet companies, including Twitter and Facebook, an extraordinary attempt to intervene in the media that experts said was unlikely to survive legal scrutiny.
Categories: Business News
Stocks, euro rise on recovery hopes, U.S.-China tensions lift gold
Equity markets climbed on Thursday as more businesses returned to work and as a 750-billion-euro stimulus plan in Europe lifted regional stock indices and the euro, but gold rebounded on deteriorating U.S.-China relations.
Categories: Business News
Exclusive: U.S. taxpayers' virus relief went to firms that avoided U.S. tax
Last month Zagg Inc, a Utah-based company that makes mobile device accessories, received more than $9.4 million in cash from a U.S. government program that has provided emergency loans to millions of businesses hit by the coronavirus.
Categories: Business News
Morgan Stanley not given advisory role on Aramco pipeline sale: sources
Morgan Stanley has not been given an advisory role on the potential sale of a stake in Saudi Aramco's pipeline business, a deal worth over $10 billion, two sources told Reuters.
Categories: Business News
Gum, mints and snack bar sales slump, as U.S. consumers order online amid COVID-19 crisis
Impulse purchases - gum, mints and snack bars tossed into a shopping basket as one snakes through the supermarket checkout line - are falling as more people get groceries delivered or pick them up curbside.
Categories: Business News
