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Updated: 4 years 21 weeks ago
News Corp Australia's push for digitisation to lead to job losses
News Corp Australia said it would
restructure its organisation to focus on digital publishing, a
move that will also lead to job losses.
Categories: Business News
U.S. senators weigh additional sanctions on Russia's Nord Stream 2
Two U.S. senators said on
Wednesday they could draft further sanctions on Russia's Nord
Stream 2 natural gas pipeline if Moscow finishes laying pipes
for the project.
Categories: Business News
UPDATE 8-Weather postpones SpaceX's first astronaut launch from Florida
Stormy weather
thwarted a landmark moment for private rocket company SpaceX and
NASA on Wednesday, forcing launch directors in Florida to
postpone what would have been the first flight of U.S.
astronauts into orbit from American soil in nine years.
Categories: Business News
GLOBAL MARKETS-Asian shares set to sag on U.S.-China woes
Asian shares are likely to dip
on Thursday after remarks by U.S. Secretary of State Mike Pompeo
that Hong Kong no longer warranted special treatment under U.S.
law reignited worries about worsening relations with Beijing.
Categories: Business News
MEDIA-Apple lands Martin Scorsese movie starring Leonardo DiCaprio and Robert DeNiro - WSJ
Categories: Business News
UPDATE 1-Billionaire Icahn exits Hertz with "significant" loss after bankruptcy filing
Billionaire investor Carl Icahn, who was
the largest shareholder in Hertz Global Holdings Inc, unloaded
his entire stake in the rental car company at a "significant
loss" days after it filed for bankruptcy protection.
Categories: Business News
UPDATE 6-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 the platform he accused of stifling conservative
voices.
Categories: Business News
UPDATE 3-U.S. states sue Trump administration over fuel efficiency rollback
A group of 23 U.S. states and
the District of Columbia filed a lawsuit on Wednesday
challenging a Trump administration decision to weaken Obama-era
fuel efficiency standards.
Categories: Business News
U.S. state of Arizona files consumer fraud lawsuit against Google
Arizona on Wednesday filed a consumer
fraud lawsuit against Alphabet Inc's Google alleging
that the company used "deceptive" and "unfair" practices to
obtain the location data of users.
Categories: Business News
UPDATE 3-Venezuela's Maduro vows to raise gasoline price as Iranian tanker nears
Venezuelan
President Nicolas Maduro on Wednesday pledged to begin charging
citizens for gasoline, as the fourth cargo of a five-tanker
flotilla bringing fuel from Iran approached the South American
nation's exclusive economic zone.
Categories: Business News
CORRECTED-UPDATE 5-Disney theme park, Las Vegas casinos plan reopening; U.S. mourns 100,000 dead
Walt Disney World in Florida
on Wednesday announced plans to reopen and MGM Resorts said
guests could soon return to Las Vegas casino hotels, as more
Americans emerging from the coronavirus lockdown marked a somber
milestone of 100,000 dead.
Categories: Business News
Trump will sign an executive order on social media companies -W. House spokeswoman
U.S. President
Donald Trump will sign an executive order shortly regarding
social media companies, a White House spokeswoman said on
Wednesday.
Categories: Business News
UPDATE 3-Exxon shareholders soundly reject splitting CEO/chairman roles
Exxon Mobil Corp shareholders
soundly rejected climate-related proposals and splitting the
chairman and chief executive's roles at the oil major's
shareholder meeting on Wednesday.
Categories: Business News
U.S. FDA finds high levels of carcinogen in diabetes drug metformin
The U.S Food and Drug Administration said
on Wednesday it had found high levels of a possible
cancer-causing impurity in some versions of the popular diabetes
drug metformin.
Categories: Business News
REFILE-US STOCKS-Wall St rises with economic hopes; bank stocks jump
U.S. stocks rose on Wednesday, with the
S&P 500 closing above 3,000 for the first time since March 5, as
the further easing of lockdowns lifted optimism for an economic
recovery.
Categories: Business News
UPDATE 1-JPMorgan's investment banking head: quarterly revenues tracking 50% up from 2019
JPMorgan Chase & Co's
head of its corporate and investment banking division said
second-quarter revenues for its markets unit are on track to be
up more than 50% higher than the same period last year, thanks
to extremely strong fixed income and equities trading revenues.
Categories: Business News
Carl Icahn exits Hertz with "significant" loss
Billionaire investor Carl Icahn said on
Wednesday he had sold his entire equity position in Hertz Global
Holdings Inc at a "significant loss", days after the car
rental pioneer filed for bankruptcy protection.
Categories: Business News
JPMorgan's investment banking head: quarterly revenues tracking 50% up from 2019
JPMorgan Chase & Co's
head of its corporate and investment banking division said
second-quarter revenues are on track to be up more than 50%
higher than the same period last year, thanks to extremely
strong fixed income and equities trading revenues.
Categories: Business News
UPDATE 4-Boeing cutting more than 12,000 U.S. jobs, thousands more planned
Boeing Co said on
Wednesday it was eliminating more than 12,000 U.S. jobs,
including 6,770 involuntary layoffs, as the largest American
planemaker restructures in the face of the coronavirus pandemic.
Categories: Business News
UPDATE 1-Luxury homebuilder Toll Brothers scraps 2020 forecast on COVID-19 woes
U.S. luxury homebuilder Toll Brothers Inc
on Wednesday withdrew its full-year forecast and warned
it would not provide such guidance for the foreseeable future
due to uncertainty caused by the COVID-19 pandemic.
Categories: Business News
