Reuters Company News

Brazilian state-controlled oil company Petroleo Brasileiro SA is resuming plans to unload its remaining stake in the country's top gas station operator, Petrobras Distribuidora SA, two people with knowledge of the matter said.

Search startup Onna Technologies Inc, which helps companies find information buried within emails, chats and storage services, announced on Wednesday $27 million in new funding from venture capital firm Atomico and past investors such as Slack Technologies Inc .

Brazil's central bank cut its benchmark interest rate by 75 basis points on Wednesday to a record-low 2.25%, as expected, in a move to cushion what may be the country's worst economic crash on record.

Several U.S. civil rights groups called upon some of the world's largest companies to pause advertising on Facebook Inc in July, saying the social network is not doing enough to stop hate speech on its platforms.

Alphabet Inc's Google on Wednesday announced a new hiring goal and security policy to address racial issues at its offices, as protests over police brutality against African Americans have carried into discussions about corporate culture.

Enbridge Inc, Canada's largest pipeline operator, said on Wednesday about 800 employees have opted for voluntary buyouts, as the company tries to reduce costs to tackle the COVID-19 crisis and the global oil price shock.

Roche Holding AG's Actemra did not improve symptoms in patients with early-stage COVID-19 pneumonia, scientists conducting a study of the drug in Italy said on Wednesday, raising questions about the potential of the Swiss drugmakers' rheumatoid arthritis drug to treat the novel coronavirus.

Insults by Brazilian government officials aimed at China, the country's main trading partner, are detrimental to Brazil's business interests and "not even very smart," the chief executive of Cargill's local operations said on Wednesday.

Twitter Inc said on Wednesday it is testing a new feature that will allow users to tweet using their voice, capturing up to 140 seconds of audio in a single tweet.

Ride-hailing company Lyft Inc on Wednesday said every vehicle on its ride-hailing and rental car platform will be electric by 2030, but it would not provide direct financial support to drivers for switching from gas-powered cars.

Zoom Video Communications Inc will offer its free and paying users end-to-end encryption for video calls and launch a trial version in July, the video conferencing provider said on Wednesday.

Wall Street gained ground on Wednesday as signs of economic recovery helped investors look past spiking pandemic data and the potential of a new round of economic lockdowns.

Cargill's chief executive in Brazil, Paulo Sousa, said on Wednesday that insults by Brazilian government officials aimed at China, the country's main trading partner, are detrimental to Brazil's business interests and "not even very smart."

* Thiele not happy with deal, holds 15.5% of Lufthansa shares

The head of the Federal Aviation Administration, Steve Dickson, acknowledged on Wednesday that Boeing Co and the U.S. air safety agency both made mistakes in developing the 737 MAX jet, but rejected senators' accusations the FAA was "stonewalling" probes after two fatal crashes.

Several U.S. banks are closing branches and offices early on Friday to observe the Juneteenth holiday, which commemorates the day in 1865 when the last group of enslaved African Americans learned slavery was abolished.

LATAM Airlines Group said on Wednesday its Argentine subsidiary will cease operations indefinitely, canceling all domestic flights, its first major cutback since filing for bankruptcy protection.

Twitter Inc said on Wednesday it is testing a new feature that will allow users to tweet using their voice, capturing up to 140 seconds of audio in a single tweet.

Canadian telecom operator Telus Corp said on Wednesday the federal government has not asked it to remove Huawei equipment from its 4G infrastructure in the national capital region, in response to a report https://tgam.ca/2YY5Fvd by the Globe and Mail.

Walmart's Mexican unit has launched a mobile phone service available throughout the country, the retailer said on Wednesday.