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Updated: 4 years 21 weeks ago
UPDATE 2-Citigroup's Mason expresses horror over Minneapolis killing
Citigroup Inc Chief
Financial Officer Mark Mason, one of the few black executives on
Wall Street, published a personal essay on Friday expressing his
"horror, disgust and anger" over the killing of George Floyd, an
unarmed black man who died after a Minneapolis police officer
knelt on his neck.
Categories: Business News
U.S. pipeline operator Energy Transfer warns of coming job cuts
U.S. pipeline operator Energy Transfer LP
will begin cutting about 6% of its workforce next week,
underscoring the spreading impact of weak oil and gas prices on
the energy business.
Categories: Business News
UPDATE 2-Edging closer to bailout, Lufthansa accepts tweaked demands by Brussels
Categories: Business News
UPDATE 1-Mexican regulator approves new power rates amid public dispute
Mexico's energy regulator
has approved new rates that electricity providers must pay the
national power utility for transmission, it said late on
Thursday, as a dispute rumbles on between the private sector and
government over industry rule changes.
Categories: Business News
UPDATE 2-In rescue effort, Fed has broad stake in corporate America's fortunes
The U.S. central bank now has a stake in
the fortunes of a broad swath of corporate America after buying
about $1.3 billion of bond funds with debt issued by firms in
all walks of the world's biggest economy, from Apple Inc
to a clutch of companies in bankruptcy.
Categories: Business News
UPDATE 11-Minneapolis police officer charged with murder of George Floyd
A white former Minneapolis
police officer was charged with murder on Friday after a
bystander video showed him pinning his knee into the neck of an
unarmed black man who later died, an incident that triggered
three nights of violent protests.
Categories: Business News
UPDATE 2-Occidental cuts dividend to a penny; shares dive 5%
Occidental Petroleum Corp cut its
quarterly dividend to just a penny per share on Friday after
having slashed it 86% in March to save cash after a historic
plunge in oil prices.
Categories: Business News
UPDATE 1-United Airlines cutting 13 top jobs, adding int'l flights in July
United Airlines Holdings Inc said
on Friday it will eliminate 13 officer positions even as it adds
international flights back to its network, part of a
restructuring to address the hit on its business from the
coronavirus pandemic.
Categories: Business News
Southwest Airlines CEO sees low-fare environment when traffic returns
Southwest Airlines Co Chief
Executive Officer Gary Kelly said on Friday he expects a "brutal
low-fare" environment when traffic returns after
coronavirus-induced restrictions ease.
Categories: Business News
Sen. Cruz seeks federal Twitter probe as Trump feuds with company
U.S. Senator Ted Cruz on
Friday urged the Treasury and Justice Departments to investigate
whether Twitter, which is embroiled in a feud with the White
House, is violating U.S. law by letting top Iranian officials
use the social media platform.
Categories: Business News
UPDATE 1-Moderna starts dosing patients in mid-stage coronavirus vaccine study
Moderna Inc said on Friday it
had started dosing patients in a mid-stage study with its
experimental coronavirus vaccine and eventually plans to enroll
600 patients for the trial.
Categories: Business News
UPDATE 1-Mexico's Femsa says will pay $398 million in taxes
Mexican conglomerate Femsa
said on Friday it will pay $398 million in taxes after reaching
an agreement with authorities, marking another win for Mexico's
government, which recently collected a similar sum from retailer
Walmart de Mexico.
Categories: Business News
Brazil's CSN to paralyze blast furnace 2 in Rio - filing
Brazilian steelmaker CSN SA
has decided to turn off its second blast furnace at
its unit in Rio de Janeiro to adjust production to falling
demand.
Categories: Business News
Moderna starts dosing patients in mid-stage coronavirus vaccine study
Moderna Inc said on Friday it
had started dosing patients in a mid-stage study with its
experimental coronavirus vaccine and eventually plans to enroll
600 patients for the trial.
Categories: Business News
UPDATE 1-JPMorgan CEO calls Minneapolis events 'tragic, heartbreaking' in staff memo
JPMorgan Chase & Co Chief
Executive Officer Jamie Dimon called events in Minneapolis,
where this week a black man died in police custody, "tragic and
heartbreaking" in a memo to staff on Friday.
Categories: Business News
U.S. senators expected to introduce sanctions on Russia's Nord Stream 2
Two U.S. senators are expected to
introduce next week sanctions on the Nord Stream 2 natural gas
pipeline that Russia is trying to finish, but which Washington
has opposed since the Obama era, a source familiar with the
matter said on Friday.
Categories: Business News
UPDATE 2-Chilean regulator approves Uber's purchase of Cornershop grocery app
Chile's antitrust regulator
said on Friday it had approved "without conditions" Uber's
purchase of Chilean online grocery provider Cornershop,
clearing a key hurtle for the ride-hailing company as it seeks
to expand into the delivery of groceries and other goods.
Categories: Business News