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Updated: 4 years 21 weeks ago
RPT-Outbreak quashed, China launches test lab spending spree
China is building hundreds of
testing laboratories and stocking up on tests to ramp up
screening for the coronavirus, even in healthy people, having
all-but stamped out local transmission of the disease.
Categories: Business News
Hedge fund Jana Partners takes stake in Perspecta, eyes changes
Activist hedge fund Jana
Partners on Thursday disclosed a new stake in Perspecta Inc
, which provides information technology services to
government customers, and said it will speak with executives
about changes that could lead to a merger or sale.
Categories: Business News
CORRECTED-LATAM Airlines bondholders in talks to supply up to $1.5 bln loan, sources say
A group of bondholders of
LATAM Airlines Group SA is in talks to supply up to
$1.5 billion in a debtor-in-possession loan within the Chapter
11 proceeding in the United States, two people with knowledge of
the matter said on Thursday.
Categories: Business News
UPDATE 3-Taco Bell parent Yum sues Grubhub for alleged violation of delivery deal
Taco Bell parent Yum Brands
Inc sued Grubhub Inc on Thursday for allegedly
violating a delivery contract, a day after Europe's Just Eat
Takeaway.com agreed to buy the U.S. food delivery
company for $7.3 billion.
Categories: Business News
Zoom denies giving user information to Chinese government
Zoom Video Communications Inc
said on Thursday it did not provide any user information or
meeting content to the Chinese government.
Categories: Business News
Detentores de bônus da Latam Airlines negociam emprestar até $1,5 bilhão em dinheiro novo, dizem fontes
Um grupo de detentores de
bônus da Latam Airlines Group SA está em negociações
para emprestar até 1,5 bilhão de dólares em dinheiro novo à
empresa, disseram duas fontes com conhecimento do assunto na
quinta-feira.
Categories: Business News
Google sues Sonos, escalating wireless speaker battle amid trade panel probe
Google filed a
lawsuit accusing home speaker maker Sonos Inc of
infringing five of its patents, escalating tensions between the
partners that have already led to a U.S. International Trade
Commission probe.
Categories: Business News
UPDATE 3-Microsoft bans face-recognition sales to police as Big Tech reacts to protests
Microsoft Corp said on Thursday
it would await federal regulation before selling facial
recognition technology to police, making it the latest big firm
to back away from the business following protests against law
enforcement brutality and bias.
Categories: Business News
UPDATE 1-Twitter takes down Beijing-backed influence operation pushing coronavirus messages
Twitter on
Thursday said it removed more than 170,000 accounts tied to a
Beijing-backed influence operation that deceptively spread
messages favorable to the Chinese government, including about
the coronavirus.
Categories: Business News
UPDATE 2-U.S. lawmakers back new helicopter safety equipment after Kobe Bryant crash
A group of Democratic U.S.
lawmakers on Thursday introduced legislation that would require
new safety equipment on helicopters that carry six or more
passengers in the wake of the crash that killed NBA star Kobe
Bryant in January.
Categories: Business News
UPDATE 2-Lululemon's quarterly results disappoint on virus hit, shares fall
Lululemon Athletica Inc missed
Wall Street estimates for quarterly revenue and profit for the
first time in about three years due to coronavirus-led store
closures, sending the yoga apparel maker's shares down about 7%
on Thursday.
Categories: Business News
Air Canada CEO urges Trudeau's government to relax travel curbs - Bloomberg News
Air Canada Chief Executive
Officer Calin Rovinescu on Thursday urged the Canadian
government to relax travel restrictions as they have been
hurting the company's sales, Bloomberg News reported.
Categories: Business News
Wall Street's 'fear gauge' jumps on fears of coronavirus resurgence
The Cboe Volatility Index
, known as Wall Street's "fear gauge," jumped to its
highest level in more than a month on Thursday as concerns over
a resurgence of the novel coronavirus pandemic felled U.S.
stocks.
Categories: Business News
GLOBAL MARKETS-Stocks tumble, safe-haven assets rally on downbeat Fed outlook
Global equity markets fell
sharply on Thursday in their worst sell-off since markets
crashed in mid-March, while safe-haven assets rose after the
Federal Reserve's sobering outlook cast doubt on hopes for a
V-shaped recovery from the coronavirus pandemic.
Categories: Business News
Twitter suspends Chinese operation pushing pro-Beijing coronavirus messages
Twitter on
Thursday said it was removing hundreds of thousands of accounts
tied to a Beijing-backed influence operation that deceptively
spread messages favorable to the Chinese government, including
about the coronavirus.
Categories: Business News
LATAM Airlines bondholders in talks to supply up to $1.5 bln loan, sources say
A group of bondholders of
LATAM Airlines Group SA are in talks to supply up to
$1.5 billion in a debtor-in-possession loan within the Chapter
11 proceeding in the United States, two people with knowledge of
the matter said on Thursday.
Categories: Business News
UPDATE 1-Intel chip executive Jim Keller departs company
Jim Keller, a prominent executive who
helped design chips at Apple Inc and Tesla Inc
before joining Intel Corp two years ago, left the Santa
Clara, California-based chipmaker effective June 11, Intel said
in a news post.
Categories: Business News
WRAPUP 1-Canadian stocks, loonie tumble as coronavirus case increases spook investors
Canada's main stock market
index fell on Thursday by the most since March and the loonie
tumbled against the U.S. dollar as investors grew nervous about
a potential second wave of coronavirus infections that could
slow economic recovery.
The Toronto St
Categories: Business News
UPDATE 1-'Health, then production': Unions ramp up pressure on Chile copper miner Codelco
Unionized mine workers in
Chile, the world's top copper producer, warned on Thursday that
health should take precedence over output, one day after
state-run Codelco's unions threatened a walkout at some of its
operations.
Categories: Business News
UPDATE 2-Taco Bell parent Yum sues Grubhub for allegedly violating delivery deal
Taco Bell parent Yum Brands
Inc sued Grubhub Inc on Thursday for allegedly
violating a delivery contract, a day after Europe's Just Eat
Takeaway.com agreed to buy the U.S. food delivery
company for $7.3 billion.
Categories: Business News
