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Updated: 4 years 21 weeks ago
US STOCKS-Wall St set to open lower on rising virus cases, elevated jobless claims
Categories: Business News
UPDATE 1-Medtronic ties up with Foxconn to boost ventilator production
Medtronic said on Thursday it
had partnered with Foxconn to boost production of its
ventilators to 10,000 over the next year amid surging demand as
the respiratory disease caused by the new coronavirus overwhelms
hospitals.
Categories: Business News
Pfizer's hemophilia gene therapy shows sustained effect in early-stage study
Pfizer Inc and Sangamo
Therapeutics Inc said on Thursday their gene therapy
helped maintain levels of a vital protein for up to 14 months in
patients with a rare genetic disorder in which blood does not
clot easily.
Categories: Business News
UPDATE 1-UK to use Google-Apple model for tracing app in U-turn - BBC
The British government will
abandon the centralised model of its coronavirus test-and-trace
app and switch to one based on technology provided by Apple
and Google, the BBC reported on Thursday.
Categories: Business News
Soccer-Sky enjoy ratings boost with Premier League return
Manchester City's 3-0 win over Arsenal as the Premier League returned to action on Wednesday attracted a peak of 3.4 million viewers, a 94 percent increase on the season's average audience, according to broadcasters Sky Sports.
Categories: Business News
UPDATE 1-KKR buys vacation parks firm Roompot in $1.1 bln deal
U.S. private equity firm KKR
said on Thursday it had reached an agreement to buy
Dutch vacation parks firm Roompot from French private equity
firm PAI Partners.
Categories: Business News
Medtronic partners with Foxconn to boost ventilator production
Medical device maker Medtronic
said on Thursday it had partnered with Foxconn to
increase production of its ventilators that are critical in the
care of patients with COVID-19.
(Reporting by Manas Mishra in Bengaluru; Editing by Aditya
Soni)
Categories: Business News
UPDATE 1-BP raises nearly $12 billion in first hybrid bonds issue
BP Plc has raised nearly
$12 billion in debt, taking advantage of low borrowing costs
days after the oil and gas company wrote down 10% of its value
as part of its shift towards cleaner energy.
Categories: Business News
Brazilian travel company CVC asks for creditors waiver- filing
Brazilian travel company CVC
will ask local bondholders in a meeting on July 3 for
a waiver from its creditors for the delay in payments.
Categories: Business News
GRAPHIC-Cash flows into U.S. growth funds surge, value funds see outflows
U.S. investors have ramped up
investments in growth funds over the past few months on
expectations of higher returns and safety, while they dumped
value funds despite cheaper prices after this year's
pandemic-linked selloff.
Categories: Business News
UK to use Google-Apple model for tracing app in U-turn - BBC
The British government will
abandon the centralised model of its coronavirus test-and-trace
app and switch to one based on technology provided by Apple
and Google, the BBC reported on Thursday.
Categories: Business News
Vale to resume ops at Voisey's Bay in Canada -filing
Brazilian miner Vale SA
plans to resume operations next month at its Voisey's
Bay mine in Canada, the company said in a securities filing on
Thursday.
Categories: Business News
GLOBAL MARKETS-World stocks drift lower as second wave virus fears mount
Global stocks drifted
lower on Thursday as an increase in new coronavirus cases in
some U.S. states and China crushed hopes of a swift world
economic comeback from the pandemic.
Categories: Business News
UPDATE 2-Carnival sees more pain after posting $4.4 bln loss
Carnival Corp reported a record
$4.4 billion in quarterly losses on Thursday, as the COVID-19
pandemic crippled the world's biggest cruise operator and forced
it to take major write-downs on the disposal of now redundant
ships.
Categories: Business News
UPDATE 1-Kroger expects to top 2020 outlook, beats estimates for profit, sales
Kroger Co said it expects to
exceed its 2020 outlook for same-store sales and profit after
beating Wall Street expectations for quarterly results on
Thursday, as the U.S. supermarket chain benefited from consumers
stocking up on essentials during the coronavirus lockdowns.
Categories: Business News
RPT-FOCUS-Air maintenance firms, manufacturers plan for $60 billion in lost sales
Maintenance firms and spare parts
producers who keep airplanes running are bracing for a decline
of up to 75% in sales this year - and more pain to follow - as
airlines park or retire thousands of aircraft due to the
coronavirus pandemic.
Categories: Business News
Activist investor Snow Park calls on Front Yard to liquidate -letter
Activist investor Snow Park
Capital Partners is urging Front Yard Residential Corporation's
board to liquidate the real estate company, arguing this is the
best plan following a scuttled merger deal that sent its shares
tumbling last month.
Categories: Business News
UPDATE 1-WHO says looking at interim trial data on HIV drugs to treat COVID-19
Large multi-country
trials of the combination HIV drug lopinavir/ritonavir to treat
COVID-19 have recruited thousands of patients and the World
Health Organization is now looking at interim data, the UN
agency's chief scientist said on Thursday.
Categories: Business News
India tells two state firms not to use China telecoms gear, source says
India has told two state-run
telecoms firms to use locally-made rather than Chinese telecom
equipment to upgrade their mobile networks to 4G, a senior
government source said on Thursday.
Categories: Business News
Kroger expects to top 2020 outlook, posts 57% growth in quarterly profit
Kroger Co said on Thursday it
expects to exceed its 2020 outlook after posting a 57% jump in
quarterly profit, as the U.S. supermarket chain benefits from
consumers stockpiling groceries and other essentials due to the
COVID-19 pandemic.
Categories: Business News
