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Reuters Business News
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Updated: 4 years 21 weeks ago
Wall Street finishes down as U.S.-China tensions heighten trade deal worries
Wall Street ended lower on Thursday, a day after hitting two-month highs, on a fresh wave of China-U.S. tensions that raised doubts about the trade deal reached early this year between the world's two largest economies.
Categories: Business News
GM starts to reopen plants in Mexico
General Motors Co said that it was on Thursday gradually restarting the transmissions and motors lines at its Mexican plants in Ramos Arizpe in the northern state of Coahuila and in the central city of Silao.
Categories: Business News
EasyJet board looks set to win latest battle with Stelios
EasyJet's board looks poised to win a shareholder vote on Friday and deal a blow to its founder and long-term critic over the British low-cost airline's plan to stick with a $5.5 billion plane order.
Categories: Business News
Hewlett Packard Enterprise lays out $1 billion savings plan, pay cuts
Hewlett Packard Enterprise on Thursday unveiled a plan targeting gross savings of at least $1 billion by 2022 and cut the base salaries of top executives by 25% as the software maker seeks to weather the coronavirus crisis.
Categories: Business News
Lear Corp asks some Mexico workers to restart activity on Friday
U.S. auto parts maker Lear Corp has asked some workers in Mexico to restart activity on Friday, including training sessions on safety, the company said in a message to employees.
Categories: Business News
Senators attempt to advance bill lengthening coronavirus business loan terms
Negotiators in the U.S. Senate reached agreement on Thursday on legislation that would double the period of time in which small businesses can use Paycheck Protection Program loans, to 16 weeks from the current eight-week limit, according to a Senate aide.
Categories: Business News
Indiana mattress business adapts to lure customers back
Lauren Taylor is figuring out what’s required to run a mattress store in the age of a deadly pandemic.
Categories: Business News
Hewlett Packard to cut costs by $1 billion, reduces CEO pay by 25% on pandemic woes
Hewlett Packard Enterprise on Thursday unveiled a plan to cut costs by at least $1 billion by 2022 and said it would reduce the base salary of its chief executive officer by 25%, in response to the impact of the COVID-19 pandemic.
Categories: Business News
Trump visits Michigan Ford plant amid political tensions, does not wear mask
President Donald Trump traveled on Thursday to the crucial U.S. election battleground state of Michigan to visit a Ford Motor Co plant amid tensions with its Democratic governor during the coronavirus pandemic, opting not to wear a protective face mask for the cameras.
Categories: Business News
U.S. meat inventories tightened as virus shut slaughterhouses: USDA
U.S. frozen pork inventories fell in April, when they typically rise, and beef inventories dropped more than normal as the coronavirus pandemic shut slaughterhouses and prompted grocers to limit customers' buying, government data showed on Thursday.
Categories: Business News
'I've not yet signed Renault loan', says French finance minister
France's Finance Minister Bruno Le Maire said he has not signed off on a 5 billion euro ($5.47 billion) state-guaranteed loan to help Renault cope with the fallout from the coronavirus, and that discussions continued.
Categories: Business News
Nvidia forecasts second-quarter revenue above estimates
Nvidia Corp on Thursday forecast second-quarter revenue above analysts' estimates, as demand surges for its chips used in data centers that power the shift to working remotely due to the coronavirus outbreak.
Categories: Business News
Stocks slip on U.S.-China tensions; oil rises to 2-1/2-month high
Global equities slid on Thursday on concerns about the long-term impact of the new coronavirus and resurgent U.S.-China tensions, though oil markets ignored those worries and marched to 2-1/2 month highs.
Categories: Business News
Macy's to be 'smaller company' as loss to hit $1 billion in quarter amid lockdowns
Macy's Inc said on Thursday it could rack up operating losses of up to $1.11 billion in the first quarter, as the department store operator was forced to shut stores due to lockdowns aimed at curbing the spread of the new coronavirus.
Categories: Business News
GM to restart part of its plant in Silao, Mexico, Thursday
General Motors Co will restart its eight-speed transmission line at its plant in Silao in Mexico's Guanajuato state on Thursday, according to a company message sent to workers.
Categories: Business News
Brent at highest since March on U.S. stock draw, recovering demand
Global benchmark Brent rose more than 1% on Thursday to its highest since March, supported by lower U.S. crude inventories, OPEC-led supply cuts and recovering demand as governments ease coronavirus restrictions on people's movements.
Categories: Business News
How big unions smooth the way for Amazon worker protests
Warehouse employees last month staged a walkout in Michigan to demand safer working conditions at their facility. So did workers in New York, Illinois and Minnesota.
Categories: Business News
U.S. labor market struggles as layoffs spread despite businesses reopening
Millions more Americans filed for unemployment benefits last week, more than two months after a shutdown of the country to deal with the coronavirus crisis, pointing to a second wave of layoffs in industries not initially impacted by closures caused by the pandemic.
Categories: Business News
Americans splurge at Walmart, Target as stimulus checks kick in
The Trump Administration's coronavirus relief payment provided a fillip to sales of major retailers in April as millions of Americans used the money to buy everything from video games to sewing machines even as the country struggles with record job losses.
Categories: Business News
Southwest to limit seats sold on each flight through July -CEO
Southwest Airlines Co will continue to limit bookings on its flights through at least July to give passengers space between seats, CEO Gary Kelly told shareholders on Thursday, mirroring a plan by competitor Delta Air Lines Inc .
Categories: Business News
