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Reuters Business News
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Updated: 4 years 21 weeks ago
Exclusive: Baidu considers leaving the Nasdaq to boost its valuation - sources
Chinese search engine giant Baidu Inc is considering delisting from the U.S. Nasdaq and moving to an exchange closer to home to boost its valuation amid rising tension between the United States and China over investments, three sources said.
Categories: Business News
U.S. weekly jobless claims grind lower but backlogs, layoffs linger
Millions more Americans filed for unemployment benefits last week as backlogs in processing claims continue to be cleared and disruptions from the novel coronavirus unleash a second wave of layoffs, pointing to another month of staggering job losses in May.
Categories: Business News
Uber has spent $19 million on coronavirus financial assistance for drivers
Uber Technologies Inc on Thursday for the first time detailed how much it has spent to support its ride-hail drivers and food delivery workers during the coronavirus crisis, which has battered the company and forced it to lay off thousands of employees.
Categories: Business News
U.S. state unemployment payments in April jump five-fold from February
Unemployment payments jumped to at least $16.2 billion in April, up more than five-fold from February, as layoffs attributed to the coronavirus pandemic swept through the economy.
Categories: Business News
Largest asset manager wins backing for jumbo board
BlackRock Inc said all of its 16 director nominees received strong investor support at its annual meeting on Thursday, at which Chief Executive Laurence Fink defended the size of the company's large board.
Categories: Business News
Morgan Stanley CEO: too early to consider restarting share buy backs
Morgan Stanley's Chief Executive Officer James Gorman told shareholders at its annual meeting on Thursday that it is too early for him or the board of directors to consider reinstating bank's share buy back program.
Categories: Business News
Amazon pushes Prime Day to September as it returns to normalcy: WSJ
Amazon.com Inc is scheduling its annual Prime Day shopping event for September and allowing unlimited shipments of non-essential goods to warehouses, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Categories: Business News
Michigan Governor Whitmer reopens auto showrooms and retail by appointment
Michigan Governor Gretchen Whitmer said on Thursday she signed a series of executive orders re-opening sectors of the economy across the state, including allowing retail and auto showrooms to resume operations by appointment.
Categories: Business News
