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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
Nissan Motor to close Barcelona plant: El Pais
Japan's Nissan Motor Co will close its factory in Barcelona, resulting in the loss of about 2,800 jobs, Spanish newspaper El Pais reported, citing government and union sources.
Categories: Business News
Wall Street rises with economic hopes; bank stocks jump
U.S. stocks rose on Wednesday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns lifted optimism for an economic recovery.
Categories: Business News
Billionaire Icahn exits Hertz with 'significant' loss after bankruptcy filing
Billionaire investor Carl Icahn, who was the largest shareholder in Hertz Global Holdings Inc, unloaded his entire stake in the rental car company at a "significant loss" days after it filed for bankruptcy protection.
Categories: Business News
U.S. states sue Trump administration over fuel efficiency rollback
A group of 23 U.S. states and the District of Columbia filed a lawsuit on Wednesday challenging a Trump administration decision to weaken Obama-era fuel efficiency standards.
Categories: Business News
Trump will sign an executive order on social media companies: White House spokeswoman
U.S. President Donald Trump will sign an executive order shortly regarding social media companies, a White House spokeswoman said on Wednesday.
Categories: Business News
Exxon shareholders soundly reject splitting CEO/chairman roles
Exxon Mobil Corp shareholders soundly rejected climate-related proposals and splitting the chairman and chief executive's roles at the oil major's shareholder meeting on Wednesday.
Categories: Business News
JPMorgan's investment banking head: quarterly revenues tracking 50% up from 2019
JPMorgan Chase & Co's head of its corporate and investment banking division said second-quarter revenues for its markets unit are on track to be up more than 50% higher than the same period last year, thanks to extremely strong fixed income and equities trading revenues.
Categories: Business News
Luxury homebuilder Toll Brothers scraps 2020 forecast on COVID-19 woes
U.S. luxury homebuilder Toll Brothers Inc on Wednesday withdrew its full-year forecast and warned it would not provide such guidance for the foreseeable future due to uncertainty caused by the COVID-19 pandemic.
Categories: Business News
Micron raises third-quarter revenue forecast
Micron Technology Inc raised its revenue forecast for the third quarter on Wednesday to a range of $5.2 billion to $5.4 billion from $4.6 billion to $5.2 billion, sending its shares about 3% higher.
Categories: Business News
United reshuffles management as it prepares for uncertain recovery
United Airlines Holdings Inc is reshuffling its management team to help the airline prepare for the near-term uncertainty of travel demand, new Chief Executive Scott Kirby told employees on Wednesday, as restrictions to keep the coronavirus from spreading are lifted.
Categories: Business News
Boeing resumes 737 MAX production at low rate
Boeing Co on Wednesday said it has resumed production of its 737 MAX passenger jet at the company’s Renton, Washington, plant at a "low rate" after halting production in January following two crashes that killed 346 people.
Categories: Business News
American Airlines CEO quells U.S. bankruptcy talk, says demand improving
American Airlines Group Inc is not considering a Chapter 11 bankruptcy filing, Chief Executive Doug Parker said on Wednesday and dismissed speculation that a major U.S. carrier could disappear due to the coronavirus pandemic.
Categories: Business News
Lufthansa board rejects EU conditions on $10 billion bailout
Lufthansa's $10 billion government bailout was thrown into doubt on Wednesday after the German airline's supervisory board refused to accept the conditions attached by Brussels.
Categories: Business News
S&P 500 rises on boost from bank shares
The S&P 500 edged higher in choppy trading on Wednesday as optimism over a pick up in business activity helped offset worries over simmering U.S.-China tensions, although gains were capped by losses in technology stocks.
Categories: Business News
23 U.S. states sue Trump administration over fuel efficiency rollback
A group of 23 U.S. states led by California, the District of Columbia and some major cities are challenging a Trump administration decision to weaken Obama administration fuel efficiency standards.
Categories: Business News
South African Airways can still be saved with funding: administrators
South African Airways (SAA) can still be saved if it gets the necessary funding, the state-owned airline's administrators said on Wednesday, adding they were talking to the government about a potential restructuring.
Categories: Business News
Ford to gradually resume operations, production at Mexican plants
Ford Motor Co will gradually resume operations and production at several of its Mexican plants, the automaker said on Wednesday, as the sector begins to come back online as coronavirus contingencies are relaxed.
Categories: Business News
Trump threatens social media shutdown over Twitter fact-check label
U.S. President Donald Trump on Wednesday threatened to regulate or shut down social media companies for stifling conservative voices, a day after Twitter attached a warning to some of his tweets prompting readers to fact check the president's claims.
Categories: Business News
Factbox: Where do Trump and Biden stand on tech policy issues?
U.S. President Donald Trump on Wednesday threatened to regulate or shut down social media companies, a day after Twitter Inc for the first time added a fact-checking label to some of his tweets about mail-in ballots.
Categories: Business News
Exclusive: Chevron sees up to 15% reduction in positions - memo
Chevron Corp expects a 10% to 15% reduction in positions across the company as part of a restructuring at the second-largest U.S. oil producer that started late last year, according to an internal memo seen by Reuters.
Categories: Business News
