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Reuters Business News
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Updated: 4 years 21 weeks ago
Dozens of Chinese companies added to U.S. blacklist in latest Beijing rebuke
The United States said on Friday it would add 33 Chinese firms and institutions to an economic blacklist for helping Beijing spy on its minority Uighur population or because of ties to weapons of mass destruction and China's military.
Categories: Business News
All 50 U.S. states shed jobs in April: Labor Department
Unemployment rates rose and total employment fell in all 50 U.S. states and the District of Columbia in April as efforts to contain the coronavirus pandemic forced businesses to close across the country, the Labor Department said on Friday.
Categories: Business News
U.S. charges ousted Hollywood executive with defrauding pandemic loan program, BlackRock fund
U.S. prosecutors have charged the recently ousted owner of a Hollywood movie distributor with defrauding a federal coronavirus emergency relief program and a BlackRock Inc investment fund, including to pay for a Beverly Hills mansion and other luxuries.
Categories: Business News
Automaker trade backs U.S. on effort to weaken fuel efficiency rules
A group representing many major automakers on Friday backed the Trump administration's decision to weaken Obama administration fuel efficiency standards but said it opposed further reductions in requirements.
Categories: Business News
U.S. grants tentative OK for 15 air carriers to suspend service to 75 airports
The U.S. Transportation Department said late on Friday it had granted tentative approval to 15 airlines to temporarily halt service to 75 U.S. airports because of the coronavirus pandemic.
Categories: Business News
Wall Street ends mixed as China-U.S. tensions weigh
Wall Street ended mixed on Friday in a mostly tame finish to a week of strong gains, as investors gauged China-U.S. tensions and amid ongoing uncertainty about the pace of economic recovery from the coronavirus.
Categories: Business News
United Airlines CEO Kirby's annual base salary lower than predecessor
United Airlines Holdings Inc said on Friday it would pay Chief Executive Officer Scott Kirby an annual base salary of $1 million, lower than what prior head Oscar Munoz received.
Categories: Business News
Hertz preparing to file for bankruptcy as soon as Friday night: WSJ
Car rental firm Hertz Global Holdings Inc is preparing to file for bankruptcy as soon as Friday night after failing to reach a standstill agreement with its top lenders, the Wall Street Journal reported https://on.wsj.com/2A4ONKs, citing people familiar with the matter.
Categories: Business News
Explainer: How ending Hong Kong's 'special status' could affect U.S. companies
New Chinese national security restrictions imposed on Hong Kong could draw a U.S. revocation of the former British colony's "special status" under U.S. law, a move that would have far-reaching trade and investment implications.
Categories: Business News
Delta to provide care kit containing masks to passengers
Delta Air Lines Inc said https://news.delta.com/complimentary-care-kits-provide-delta-customers-travel-safety-essentials on Friday a care kit containing a disposable face mask and a Purell hand sanitizer gel will be available on request at ticket counters and gates by June 5.
Categories: Business News
Hong Kong tensions rattle world stock markets, oil tumbles
Oil prices tumbled and global equity markets fell on Friday as China's move to impose a new security law on Hong Kong further strained U.S.-China relations and clouded economic recovery prospects.
Categories: Business News
Oil falls on China-U.S. tensions, energy demand doubts
Oil prices tumbled about 2% on Friday on rising U.S.-China tensions and doubts about how quickly fuel demand would recover from the coronavirus crisis.
Categories: Business News
Italy Economy Minister confident government, Fiat can complete state-backed loan
Italy's Economy Minister Roberto Gualtieri said on Friday he was confident the government and Fiat Chrysler would be able to complete a deal over a state-backed loan for the carmaker.
Categories: Business News
Organizers cancel 2020 New York auto show
Organizers said Friday they were canceling the 2020 New York auto show that had previously been pushed back until August, citing the ongoing coronavirus pandemic and the venue's use as a field hospital.
Categories: Business News
With remote work plan, Facebook dashes hopes of paycheck arbitrage
With Facebook's adoption of permanent remote work on Thursday, Chief Executive Mark Zuckerberg has untethered one of Silicon Valley's biggest companies from the place that incubated it.
Categories: Business News
Wall Street flat amid Sino-U.S. tensions, economic uncertainty
U.S. stock indexes moved in a flat-to-low range on Friday as investors gauged Sino-U.S. tensions amid continued uncertainty over the pace of economic recovery from the coronavirus.
Categories: Business News
Oil drops 3% on China-U.S. tensions, energy demand doubts
Oil prices tumbled about 3% on Friday on rising U.S.-China tensions and doubts about how quickly fuel demand would recover from the coronavirus crisis.
Categories: Business News
U.S. senators urge Delta, JetBlue to restore employee hours
A group of U.S. senators is urging Delta Air Lines Inc and JetBlue Airways Corp to immediately reverse their decisions to reduce employees' hours, calling them contrary to the requirements of taxpayer-funded payroll assistance.
Categories: Business News
France warns Renault could disappear; Nissan plans job cuts
Europe's car industry was put on alert for more job losses on Friday as a French minister warned Renault could disappear if it didn't get help soon and a Japanese news report said partner Nissan was considering 20,000 layoffs, with many in Europe.
Categories: Business News
EasyJet founder loses bid to oust management in strategy showdown
EasyJet founder Stelios Haji-Ioannou failed in his attempt to oust the airline's top three bosses on Friday, giving it a brief respite in its battle for survival during the coronavirus pandemic.
Categories: Business News
