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Updated: 4 years 21 weeks ago
US STOCKS-Wall Street ends higher but indexes mark worst week since March selloff
Categories: Business News
UPDATE 1-California examines Amazon's business practices - WSJ
California investigators are examining
Amazon.com Inc's business practices as part of an
inquiry into the company, the Wall Street Journal reported on
Friday, citing people familiar with the matter.
Categories: Business News
Zoom hits political turbulence in Washington, Beijing; lobbyists ready
Zoom Video Communications
, whose remote meeting app made the obscure California
company a hub for global communications during the coronavirus
pandemic, now finds itself fighting political battles in
Washington and Beijing.
Categories: Business News
AT&T seeks sale for Warner Bros. gaming unit, could fetch about $4 bln - CNBC
AT&T Inc is discussing a sale of
its Warner Bros. Interactive Entertainment gaming division in a
deal that could fetch about $4 billion, CNBC reported on Friday,
citing people familiar with the matter.
Categories: Business News
US STOCKS-Wall Street ends higher but indexes mark worst week in more than two months
U.S. stocks ended higher on Friday as
bargain hunters stepped back into the market following sharp
losses a day earlier, but all three major indexes suffered their
biggest weekly percentage declines since the week ended March
20.
Categories: Business News
UPDATE 1-Commerzbank rejects Cerberus demands for supervisory board seats
Commerzbank, under
fire for its strategy and leadership, on Friday rejected demands
by top investor Cerberus for two seats on the German bank's
supervisory board.
Categories: Business News
California examines Amazon's business practices - WSJ
California investigators are examining
Amazon.com Inc's business practices as part of an
inquiry into the company, the Wall Street Journal reported on
Friday, citing people familiar with the matter.
Categories: Business News
GLOBAL MARKETS-World shares modestly lower as investors mull coronavirus, recovery outlook
Categories: Business News
CORRECTED-U.S. regulator to report on climate risks to markets in July
A report commissioned by
a U.S. regulator on climate-related risks to financial markets,
the first of its kind, will be ready next month and will include
specific policy recommendations for federal oversight, the head
of the panel preparing it said on Thursday.
Categories: Business News
Commerzbank rejects Cerberus demands for supervisory board seats
Commerzbank on
Friday rejected demands by one of its top investors, Cerberus,
for two seats on the German bank's supervisory board.
Categories: Business News
UPDATE 1-U.S. regulator sides with FCA in Jeep trade case against Mahindra
A U.S. regulator ruled that
India's Mahindra and Mahindra Ltd infringed upon the
intellectual property rights of Fiat Chrysler Automobiles NV's
(FCA) Jeep brand, barring the sale of the
vehicles in question.
Categories: Business News
EMERGING MARKETS-Latam assets eye weekly losses; Brazil's real, stocks fall
Brazilian stocks and the real slid in
catch-up trade on Friday, while most other Latin American
currencies trended lower and were set for steep weekly losses as
markets reassessed the prospect of a swift post-COVID 19
recovery.
The MSCI's index of re
Categories: Business News
U.S. FDA approves GSK unit's drug to treat infants and children with HIV
The U.S. Food and Drug Administration
has approved a drug to treat infants and children with HIV, with
the drug having been developed by drugmaker GlaxoSmithKline's
HIV drugs division ViiV Healthcare, the FDA and the GSK
unit said.
Categories: Business News
UPDATE 1-Volkswagen, Audi on hold as Mexico's Puebla state not ready to reopen
Mexico's Puebla state,
where German automaker Volkswagen and its luxury
brand unit Audi have major plants, said it is not
ready to reopen its automotive sector due to ongoing concerns
about the spread of the coronavirus.
Categories: Business News
Coronavirus threatens Chicago's last remaining trading pits
Chicago brokers and traders
worry the novel coronavirus will kill more of the city's once
famous shout-and-gesture trading pits.
Categories: Business News
Offshore producer Fieldwood Energy sued over $19.2 mln bond collateral
Offshore oil producer Fieldwood Energy
on Thursday was sued by an insurance provider for allegedly
failing to post $19.2 million in collateral for performance
bonds, according to a Texas state court filing.
Categories: Business News
CORRECTED-China's Tencent Music reports passive stake in Warner Music
China's Tencent Music Entertainment
Group on Friday reported a 5.2% passive stake in Class A
shares of Warner Music Group Corp, about a week after
the world's third-largest recording label's debut on the Nasdaq.
Categories: Business News
