Reuters Company News

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.

Brazil's state-controlled oil company Petroleo Brasileiro SA said in a statement on Wednesday it has begun taking steps to allow other companies to access its natural gas processing plants.

United Airlines Holdings Inc is reshuffling its management team to help the airline prepare for the near-term uncertainty of travel demand, new Chief Executive Scott Kirby told employees on Wednesday, as restrictions to keep the coronavirus from spreading are lifted.

Boeing Co on Wednesday said it has resumed production of its 737 MAX passenger jet at the company’s Renton, Washington, plant at a "low rate" after halting production in January following two crashes that killed 346 people.

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.

Top fund manager BlackRock Inc on Wednesday said it cast an advisory vote in favor of an independent chairman and against the reelection of two directors at Exxon Mobil Corp over the company's approach to climate risks.

The euro and equity markets advanced on Wednesday as enthusiasm for the European Union's plans for a 750 billion euro ($823 billion) recovery fund offset concerns about unrest in Hong Kong over Beijing's proposed national security laws.

* Moves made after WHO suspension of its hydroxychloroquine trial

Even as ominous weather threatened to delay the mission, two astronauts were strapped into a capsule as they prepared to be carried into orbit on Wednesday by billionaire entrepreneur Elon Musk's private rocket company SpaceX in the first spaceflight of NASA astronauts from U.S. soil in nine years.

Huawei Technologies Co's Chief Financial Officer Meng Wanzhou was dealt a setback by a Canadian court on Wednesday as she tries to avoid extradition to the United States to face bank fraud charges.

Venezuela has begun preparations to distribute fuel imported from Iran among desperate citizens as the fourth cargo of a five-tanker flotilla was crossing the Caribbean on Wednesday, according to Refinitiv Eikon and a government official.

Mgm Resorts said on Wednesday it would re-open its Las Vegas casinos on June 4 after months of closure due to public health restrictions related to the novel coronavirus pandemic on June 4. (Reporting by Sharon Bernstein; Editing by Sandra Maler)

* Indexes: Dow up 1.3%, S&P up 0.7%, Nasdaq up 0.1% (Updates to late afternoon)

American Airlines Group Inc's is not considering a Chapter 11 bankruptcy filing, Chief Executive Doug Parker said at a conference on Wednesday, and shot down speculation that a major U.S. carrier could disappear due to the coronavirus pandemic.

U.S. logistics company FedEx Corp is close to taking a stake in German parcel delivery firm Hermes, the Handelsblatt newspaper reported on Wednesday.

The French government's contact-tracing app project was approved by the lower house of parliament on Wednesday, paving the way for a weekend launch of a tool developed independently of the more widely used Apple/Google platform.

American Airlines Group Inc's is not considering a Chapter 11 bankruptcy filing, CEO Doug Parker said in response to a question at a conference on Wednesday, but said he does expect the overall U.S. airline industry to be 10% to 20% smaller in the summer of 2021.

Huawei Technologies Co Ltd's Chief Financial Officer Meng Wanzhou has lost a key aspect of the trial on her extradition to the United States, a Canadian court announced on Wednesday.

Occidental Petroleum Corp has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices, after paying $35.7 billion to acquire Anadarko Petroleum Corp.

Walt Disney Co plans to reopen the world's largest theme park, Walt Disney World, in phases beginning on July 11, if the governor of Florida approves.