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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

UPDATE 2-Citigroup's Mason expresses horror over Minneapolis killing

Fri, 2020-05-29 17:51
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

Fri, 2020-05-29 17:20
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 10-Trump backpedals after 'shooting' threat to Minneapolis rioters

Fri, 2020-05-29 16:29
* 'When the looting starts, the shooting starts' - Trump tweet
Categories: Business News

UPDATE 2-Edging closer to bailout, Lufthansa accepts tweaked demands by Brussels

Fri, 2020-05-29 16:03
* Supervisory board must approve agreement (Recasts with official confirmation)
Categories: Business News

UPDATE 1-Mexican regulator approves new power rates amid public dispute

Fri, 2020-05-29 15:25
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

Fri, 2020-05-29 15:09
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

Fri, 2020-05-29 15:06
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

US STOCKS-Wall St ends mostly higher as U.S.-China spat simmers

Fri, 2020-05-29 15:00
* Indexes: Dow down 0.1%, S&P 500 up 0.5%, Nasdaq up 1.3% (Updates close with two-month gains)
Categories: Business News

UPDATE 2-Occidental cuts dividend to a penny; shares dive 5%

Fri, 2020-05-29 15:00
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

Fri, 2020-05-29 14:34
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

Fri, 2020-05-29 14:25
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

Fri, 2020-05-29 14:17
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 9-Trump backpedals after 'shooting' threat to Minneapolis rioters

Fri, 2020-05-29 14:06
* 'When the looting starts, the shooting starts' - Trump tweet
Categories: Business News

UPDATE 1-Moderna starts dosing patients in mid-stage coronavirus vaccine study

Fri, 2020-05-29 13:32
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

Fri, 2020-05-29 13:29
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

Fri, 2020-05-29 13:25
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

Fri, 2020-05-29 13:12
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

Fri, 2020-05-29 13:06
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

Fri, 2020-05-29 12:56
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

Fri, 2020-05-29 12:51
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

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