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Reuters Company News
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Updated: 4 years 21 weeks ago
UPDATE 1-Lululemon's quarterly results disappoint as virus hits, shares fall
Lululemon Athletica Inc's
first-quarter revenue and profit fell below Wall Street
expectations as the yoga apparel maker's stores were closed due
to coronavirus-led lockdowns, sending shares down 6% after the
bell on Thursday.
Categories: Business News
TikTok parent ByteDance has tripled its U.S. employees in past year
ByteDance, parent company of
the short video app TikTok, has more than tripled its U.S.
employees in the past 12 months, the company said in response to
a Reuters inquiry.
Categories: Business News
US STOCKS-Wall Street plunges to close with biggest one-day loss since March 16
Categories: Business News
Intel chip executive Jim Keller departs company
Jim Keller, a prominent chip 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
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 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
UPDATE 2-Google's new rules clamp down on discriminatory housing, job ads
Alphabet Inc's
Google said on Thursday it was tackling unlawful
discrimination by barring housing, employment and credit ads
from being targeted to its users based on their postal code,
gender, age, parental status or marital status.
Categories: Business News
Lululemon Athletica's revenue falls more than expected, shares down
Lululemon Athletica Inc on
Thursday reported a bigger-than-expected fall in quarterly
revenue as its business was limited to online operations due to
store closures during coronavirus-led lockdowns, sending shares
down 5%.
Categories: Business News
EMERGING MARKETS-Mexico's peso leads Latam FX lower while stocks sink
Mexico's peso was the biggest loser
among Latin American currencies on Thursday, pushed lower by
tumbling oil prices, with regional stocks falling in tow after
the Federal Reserve's sobe
Categories: Business News
US STOCKS-Wall Street plunges to close with biggest one-day loss since mid-March
Wall Street plummeted on
Thursday as investors reacted to renewed fears of a pandemic
resurgence and digested dour economic forecasts from the U.S.
Federal Reserve.
Categories: Business News
UPDATE 1-U.S. Treasury's Mnuchin considering changes to aid for national security firms
U.S. Treasury Secretary
Steven Mnuchin said on Thursday he was considering possible
changes to the definitions of companies that could access $17
billion in coronavirus loans for companies important to national
security.
Categories: Business News
U.S. senators introduce new bill to punish Chinese technology theft
A bipartisan pair of U.S. senators on
Thursday introduced legislation that would require Republican
President Donald Trump to more systematically punish China for
stealing U.S. technology.
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 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
UPDATE 1-U.S. Democratic candidate Biden calls for Facebook to fact-check politicians' ads
Democratic presidential candidate Joe
Biden's campaign published an open letter to Facebook
Chief Executive Mark Zuckerberg on Thursday, calling for the
company to fact-check politicians' ads in the weeks ahead of the
U.S. presidential election.
Categories: Business News
UPDATE 1-U.S. auto suppliers cheer as carmakers relaunch, but long-term worries remain
Auto parts suppliers across
North America said they are encouraged as major automakers
accelerate production after coronavirus pandemic shutdowns, but
are holding back on hiring and investment because of longer-term
uncertainty.
Categories: Business News
U.S. court tosses $1.4 bln judgment against former Venezuelan oil minister
A federal judge in Texas set
aside a $1.4 billion default judgment against a former
Venezuelan oil minister, ruling he was not properly notified of
the lawsuit, but said the U.S. company that alleged fraud and
bribery can move ahead with the case.
Categories: Business News
Africa's MultiChoice looks to Netflix and Amazon in strategy shift
Adding streaming services
will give Africa's biggest pay-TV group, MultiChoice, a
head start when online viewing takes off on the continent, it
said on Thursday, after revealing it had deals with Netflix
and Amazon.
Categories: Business News
Instacart valued at nearly $14 bln in latest funding amid online sales boom
Instacart said on Thursday it had raised
$225 million in a new funding round, valuing it at $13.7
billion, as the grocery delivery company cashes in on a surge in
online shopping due to the COVID-19 pandemic.
Categories: Business News
U.S. Democratic candidate Biden urges Facebook to fact-check political ads
Democratic presidential candidate Joe
Biden's campaign published an open letter to Facebook
Chief Executive Mark Zuckerberg on Thursday, calling for the
company to police and fact-check politicians' ads and speech.
Categories: Business News
UPDATE 2-AstraZeneca taps Emergent as US partner for potential COVID-19 vaccine
AstraZeneca Plc on Thursday
picked Emergent BioSolutions Inc to help produce the 300
million doses of the British drugmaker's potential COVID-19
vaccine pledged to the United States.
Categories: Business News
