Reuters Company News

An Uber customer on Friday asked a Manhattan federal judge to overturn an arbitration win for the company in a price-fixing case, arguing that the arbitrator only ruled in Uber's favor because he was scared.

Prime Minister Boris Johnson is planning to reduce Chinese telecoms equipment maker Huawei Technologies Co Ltd's involvement in Britain's 5G network in the wake of the coronavirus crisis, the Daily Telegraph newspaper reported https://bit.ly/2zmI2DE.

Private-equity backed EagleClaw Midstream is suing the former owners of Caprock Midstream, alleging they failed to disclose tens of millions of dollars of liabilities during acquisition talks.

-- Note: Reuters has not verified this story and does not vouch for its accuracy

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.

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.

Billionaire Beny Steinmetz's BSG Resources Ltd (BSGR) is seeking to reopen an arbitration case that ordered it to pay $1.25 billion to Brazilian minder Vale SA over an abandoned mining joint venture in Guinea.

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.

* Airlines and business groups say move sends wrong message (Adds France ready to impose reciprocal measures)

A group of U.S. agencies on Friday asked the Federal Communications Commission (FCC) to reconsider its unanimous April 22 decision to allow Ligado Networks to deploy a low-power nationwide mobile broadband network, saying it could pose a threat to global positioning systems (GPS).

British Prime Minister Boris Johnson is planning to reduce Chinese telecoms equipment maker Huawei Technologies Co Ltd's involvement in Britain's 5G network in the wake of the coronavirus crisis, the Daily Telegraph newspaper reported. (Reporting by Kanishka Singh in Bengaluru; editing by Diane Craft)

Sculptor Capital Management's credit funds drew inflows from investors even as losses piled up at its SCU Credit Opportunities fund after weeks of coronavirus-fueled market swings.

A range of business groups have made an 11th-hour appeal to U.S. President Donald Trump as he weighs whether to restrict temporary work visas, warning of negative economic consequences if he blocks the flow of skilled foreign workers into the United States.

Investors are diversifying bets in the healthcare sector, as the rush to develop treatments for Covid-19 has driven up prices for some pharmaceutical stocks.

Deutsche Bank AG said on Friday it has asked more of its senior managers to waive one month of fixed pay in an effort to cut costs as Germany's largest lender deals with the fallout of the coronavirus crisis.

* KKR rises on deal with India's Reliance Industries (Updates with close of trading)

The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

* KKR rises on deal with India's Reliance Industries (Updates with close of trading)

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.

Canada will ramp up COVID-19 testing and contact tracing as it gradually lifts restrictions and is working closely with Apple Inc and Alphabet Inc's Google on a mobile phone app to help, the prime minister said on Friday.