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Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
Updated: 4 years 21 weeks ago

US STOCKS-S&P 500, Dow muted as rising COVID-19 cases dent recovery hopes

Wed, 2020-06-17 09:23
* Dow flat, S&P up 0.26%, Nasdaq rises 0.76% (Updates to early afternoon)
Categories: Business News

UPDATE 1-Civil rights groups urge companies to pause ad spending on Facebook

Wed, 2020-06-17 09:21
Several U.S. civil rights groups have called upon some of the world's largest companies to pause advertising on Facebook Inc, saying the social network is not doing enough to stop hate speech on its platform.
Categories: Business News

Zoom to offer end-to-end encryption for all users

Wed, 2020-06-17 09:08
Zoom Video Communications Inc is planning to offer all its free and paying users end-to-end encryption for video calls, the video conferencing provider said on Wednesday. (Reporting by Munsif Vengattil in Bengaluru; Editing by Arun Koyyur)
Categories: Business News

UPDATE 1-Israel signs agreement with Moderna for potential COVID-19 vaccine

Wed, 2020-06-17 09:06
Israel has signed an agreement with Moderna Inc for the future purchase of its potential COVID-19 vaccine, Prime Minister Benjamin Netanyahu said on Wednesday.
Categories: Business News

UPDATE 3-U.S. Justice Department proposes rolling back protections for big tech

Wed, 2020-06-17 09:00
The U.S. Justice Department proposed on Wednesday that Congress take up legislation to curb protections that big tech platforms like Alphabet's Google and Facebook have had for decades, a senior official said, following through on U.S. President Donald Trump's bid to crack down on tech giants.
Categories: Business News

Dominion seeks more time to complete U.S. Atlantic Coast natgas pipe

Wed, 2020-06-17 08:47
Dominion Energy Inc asked U.S. energy regulators for two more years to complete the long-delayed $8 billion Atlantic Coast natural gas pipeline from West Virginia to North Carolina, which the company now expects to enter service in early 2022.
Categories: Business News

Canada's Telus says no govt curbs on using Huawei 4G gear in capital region

Wed, 2020-06-17 08:44
Canadian telecom operator Telus Corp said on Wednesday that the federal government has not asked it to remove Huawei equipment from 4G network in the capital region, in response to a report https://tgam.ca/2YY5Fvd by the Globe and Mail.
Categories: Business News

UPDATE 1-Panama extends suspension of international flights due to coronavirus

Wed, 2020-06-17 08:39
Panama's civil aviation authority said it will extend a suspension of international flights by a month due to the coronavirus crisis, according to a statement on Wednesday.
Categories: Business News

GLOBAL MARKETS-Stocks seesaw as rising coronavirus cases offset recovery hopes

Wed, 2020-06-17 08:34
Equity markets around the world seesawed on Wednesday as the prior day's rally on economic and vaccine hopes faded, while fresh coronavirus outbreaks and rising geopolitical tensions in Asia boosted demand for the dollar and safe-haven debt.
Categories: Business News

U.S. SEC has problems with car rental firm Hertz selling new shares - CNBC

Wed, 2020-06-17 07:08
U.S. Securities and Exchange Commission (SEC) has told bankrupt Hertz Global Holdings Inc it has issues with the car rental firm's plan to sell new shares, the agency Chairman Jay Clayton told CNBC television on Wednesday.
Categories: Business News

UPDATE 2-United Airlines sweetens exit deal for flight attendants, others

Wed, 2020-06-17 07:06
United Airlines sweetened on Tuesday a voluntary exit package for frontline employees like flight attendants and gate agents, saying it needed "a lot more people to sign up" to avoid involuntary layoffs in October, according to a staff email seen by Reuters.
Categories: Business News

REFILE-UPDATE 1-Canada's Iamgold suspends operations in Suriname amid COVID-19 cases

Wed, 2020-06-17 07:05
Canadian gold miner Iamgold on Tuesday halted operations at its Rosebel gold mine in Suriname as a workers union issued a stop work order after seven employees tested positive for the novel coronavirus.
Categories: Business News

Oppo cancels live online phone launch in India amid calls to boycott Chinese goods

Wed, 2020-06-17 07:02
China's Oppo cancelled the live online launch of its flagship smartphone in India on Wednesday after a border clash between the two countries that has renewed calls from local Indian trader groups to shun Chinese products.
Categories: Business News

Brazil's Cargill worries about Brazil govt 'insulting' top trade partner China

Wed, 2020-06-17 06:58
Paulo Sousa, president of U.S. grain merchant Cargill in Brazil, said on Wednesday that insults coming from Brazilian officials against the country's main trade partner, China, are detrimental to the country's business interests.
Categories: Business News

UPDATE 1-U.S. Justice Department to propose rolling back protections for big tech

Wed, 2020-06-17 06:55
The U.S. Justice Department will propose legislation as soon as Wednesday to try to remove protections that big tech platforms like Alphabet's Google and Facebook have had for decades, a department official said on Wednesday, speaking on condition of anonymity.
Categories: Business News

UPDATE 1-FAA 'stonewalling' Boeing 737 MAX probe after fatal crashes -senator

Wed, 2020-06-17 06:51
The U.S. Federal Aviation Administration has been "stonewalling" senators conducting an investigation into the design and development of Boeing Co's 737 MAX in the wake of deadly crashes, a top Republican senator told a hearing on Wednesday.
Categories: Business News

UPDATE 2-Citing 'racial stereotype,' PepsiCo to drop Aunt Jemima name; Uncle Ben's under review

Wed, 2020-06-17 06:41
PepsiCo Inc will change the name and brand image of its Aunt Jemima pancake mix and syrup, it said on Wednesday, dropping a mascot that has been criticized for a racist history.
Categories: Business News

US STOCKS-S&P 500, Dow struggle for direction after three-day rally

Wed, 2020-06-17 06:36
* Dow down 0.11%, S&P off 0.08%, Nasdaq up 0.32% (Updates to open)
Categories: Business News

Iamgold forced to suspend operations at Suriname after COVID-19 cases

Wed, 2020-06-17 06:32
Canadian gold miner Iamgold on Tuesday halted operations at its Rosebel gold mine in Suriname as a workers union issued a stop work order after seven employees tested positive for the novel coronavirus.
Categories: Business News

REFILE-UPDATE 3-Iberdrola trumps Ayala with offer for Australian renewable energy firm

Wed, 2020-06-17 06:30
Spain's Iberdrola has made an agreed A$828 million ($569 million) bid for Australian wind and solar firm Infigen Energy, topping an offer from Philippine conglomerate Ayala Corp.
Categories: Business News

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