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Updated: 4 years 21 weeks ago
Gum, mints and snack bar sales slump, as U.S. consumers order online amid COVID-19 crisis
Impulse purchases - gum, mints
and snack bars tossed into a shopping basket as one snakes
through the supermarket checkout line - are falling as more
people get groceries delivered or pick them up curbside.
Categories: Business News
PRESS DIGEST- New York Times business news - May 28
The following are the top stories on the
New York Times business pages. Reuters has not verified these
stories and does not vouch for their accuracy.
Categories: Business News
MOVES-JPMorgan reshuffles South Asia leadership
JP Morgan has named
Leo Puri chairman of its South and Southeast Asian operations
after Kalpana Morparia announced her retirement, according to a
statement.
Categories: Business News
UPDATE 9-Trump to sign executive order on social media on Thursday -White House
U.S. President Donald Trump
will sign an executive order on social media companies on
Thursday, White House officials said after Trump threatened to
shut down websites he accused of stifling conservative voices.
Categories: Business News
WRAPUP 1-New wave of U.S. layoffs feared as coronavirus pain deepens
Job cuts by U.S. state and
local governments whose budgets have been crushed fighting the
COVID-19 pandemic and more second-wave layoffs in the private
sector likely contributed last week to a 10th straight week of
more than 2 million Americans seeking unemployment benefits.
Categories: Business News
METALS-London copper rises on economic rebound optimism
Copper prices in London rose
on Thursday on hopes of increasing demand for the red metal as
more countries around the world restarted their economies
following months-long lockdowns.
Categories: Business News
Google sees resurgence in state-backed hacking, phishing related to COVID-19
Security experts at Alphabet Inc's
Google sent 1,755 warnings in April to users whose
accounts were targets of government-backed attackers, following
a resurgence in hacking and phishing attempts related to the
coronavirus outbreak.
Categories: Business News
UPDATE 1-American Airlines says to cut management and support staff by 30%
American Airlines Group Inc must
reduce its management and support staff by about 30% and may
have to cut frontline employees as it downsizes due to the
coronavirus outbreak, showed a letter to employees made public
on Wednesday.
Categories: Business News
American Airlines says to cut management and support staff by 30%
American Airlines Group Inc must
reduce its management and support staff by about 30% as it moves
to run a smaller airline due to the coronavirus pandemic,
according to a letter to employees made public on Wednesday.
Categories: Business News
Nikkei rises above 200-day average as value shares snatched up
Japan's Nikkei share average rose
on Thursday, vaulting above a key technical resistance of its
200-day moving average on hopes of a quick economic
normalisation, with investors snatching up deeply discounted
stocks such as financials.
Categories: Business News
UPDATE 8-Trump to sign executive order on social media on Thursday -White House
U.S. President Donald Trump
will sign an executive order on social media companies on
Thursday, White House officials said after Trump threatened to
shut down websites he accused of stifling conservative voices.
Categories: Business News
UPDATE 2-U.S. state of Arizona files consumer fraud lawsuit against Google
Arizona filed a consumer fraud lawsuit
against Alphabet Inc's Google on Wednesday, alleging
that the U.S. tech giant used "deceptive" and "unfair" practices
to obtain the location data of users.
Categories: Business News
Apple secures deal for Scorsese's next film starring DiCaprio, De Niro -media
Apple Inc has secured a deal for
Hollywood veteran Martin Scorsese's next film, "Killers of the
Flower Moon," U.S. media reported on Wednesday, citing sources.
Categories: Business News
Germany's Bosch to begin restarting operations in Mexico
German automotive supplier
Bosch on Monday said it has received government approval in
Mexico to restart operations, which had been suspended since
late March due to measures taken to curb the spread of the novel
coronavirus.
Categories: Business News
UPDATE 2-Micron raises third-quarter revenue forecast
Micron Technology Inc raised its
revenue forecast for the third quarter on Wednesday to a range
of $5.2 billion to $5.4 billion from $4.6 billion to $5.2
billion, sending its shares about 3% higher.
Categories: Business News
Mexican airline Aeromexico places 250 million pesos in bonds
Grupo Aeromexico, which
operates the Mexico's largest airline, said on Wednesday that it
had completed a placement of 250 million pesos ($11.23 million)
worth of bonds.
Categories: Business News
GLOBAL MARKETS-Asian stocks gain on economic hopes, Hong Kong remains a risk
Asian shares and U.S.
stock futures rose on Thursday as growing optimism about
economic recovery from the coronavirus pandemic trumped
immediate concerns about a standoff between the United States
and China over Hong Kong.
Categories: Business News
PRESS DIGEST- British Business - May 28
The following are the top stories on the
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Categories: Business News
Facebook's Zuckerberg says government censoring social media not the 'right reflex'
Facebook Inc's Chief
Executive Officer Mark Zuckerberg, commenting on U.S. President
Donald Trump's threats against social media companies, said on
Wednesday censoring a platform would not be the "right reflex"
for a government worried about censorship.
Categories: Business News
PRESS DIGEST-Financial Times - May 28
The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Categories: Business News
