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Reuters Company News
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Updated: 4 years 21 weeks ago
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
UPDATE 1-AT&T launches HBO Max, vying with Netflix, others for quarantine viewing
AT&T’s WarnerMedia division launches its
HBO Max streaming service on Wednesday, taking on Netflix,
Disney and Amazon at a time when coronavirus lockdowns have
boosted demand for streaming even as rising unemployment has cut
disposable incomes.
Categories: Business News
23 U.S. states sue Trump administration over fuel efficiency rollback
A group of 23 U.S. states led
by California, the District of Columbia and some major cities
are challenging a Trump administration decision to weaken Obama
administration fuel efficiency standards.
Categories: Business News
UPDATE 1-Goldman Sachs president says bank on track to meet growth goals
Goldman Sachs Group Inc
President and Chief Operating Officer John Waldron said
Wednesday that the bank remains on track to achieve its medium
and long term growth targets despite the economic shocks caused
by the novel coronavirus.
Categories: Business News
Fortuna Silver's Mexican unit says will restart San Jose mine
The Mexican unit of Canadian
miner Fortuna Silver will restart operations at its San Jose
mine in the southern state of Oaxaca after receiving government
authorization to do so, the company said in a statement on
Wednesday.
(Reporting by Raul Cortes Fernandez)
Categories: Business News
UPDATE 1-Boeing cutting more than 12,000 U.S. jobs with thousands more planned
Boeing Co said
Wednesday it was eliminating more than 12,000 U.S. jobs,
including laying off 6,770 U.S. workers as the largest American
planemaker restructures in the face of the coronavirus pandemic.
Categories: Business News
UPDATE 1-Brazil mall operator Iguatemi to launch e-commerce platform in 5 cities
Brazilian upscale malls
operator Iguatemi Empresa de Shopping Centers SA
plans to roll out its e-commerce platform Iguatemi 365 to five
new cities after seeing sales grow 20 times during the COVID-19
pandemic, executives said on Wednesday.
Categories: Business News
UPDATE 3-Twitter's fact-check label prompts Trump threat to shut down social media companies
U.S. President Donald Trump
on Wednesday threatened to regulate or shut down social media
companies for stifling conservative voices, a day after Twitter
attached a warning to some of his tweets prompting readers to
fact check the president's claims.
Categories: Business News
All 3 Detroit automakers had workers test positive for COVID-19 since plants reopened
In the week since U.S. auto
factories reopened after coronavirus lockdowns, workers at all
three Detroit automakers have tested positive for COVID-19 but
only Ford Motor Co has temporarily closed plants.
Categories: Business News
REFILE-UPDATE 2-Novavax aims to make 1 bln COVID-19 vaccine doses after buying plant
Novavax Inc is buying a
manufacturing plant from privately held Serum Institute of
India, the world's largest maker of vaccines by volume, as the
U.S. company aims to produce 1 billion doses of its COVID-19
vaccine candidate next year.
Categories: Business News
UPDATE 2-Nokia veteran Sari Baldauf takes over as 5G battle rages
Sari Baldauf took over as
chairwoman of telecoms equipment maker Nokia on
Wednesday, succeeding Risto Siilasmaa who chaired the Finnish
firm for eight years.
Categories: Business News
GLOBAL MARKETS-Euro, stocks retreat from rally on EU stimulus plan
The euro retreated from near
two-month highs and equity markets wavered on Wednesday even as
the European Union unveiled a 750 billion euro ($823 billion)
recovery fund that helped offset concerns about unrest in Hong
Kong over Beijing's proposed security laws.
Categories: Business News
WRAPUP 2-Canada's RBC, BMO offer subdued outlook, miss profit estimates as bad loan provisions surge
Royal Bank of Canada and
Bank of Montreal on Wednesday offered subdued outlooks
after missing quarterly earnings expectations as they increased
provisions more than six-fold to cover future loan losses due to
the COVID-19 outbreak.
Categories: Business News
UPDATE 1-Disney proposes partial reopening of Walt Disney World on July 11
Walt Disney Co aims to begin
reopening its Walt Disney World theme parks in Orlando, Florida
on July 11, a company executive said on Wednesday.
Categories: Business News
Boeing laying off 6,700 U.S. workers with thousands more planned
Boeing Co said Wednesday it
will notify 6,770 U.S. workers they are being laid off with
"several thousand remaining layoffs" planned in the next few
months, chief executive Dave Calhoun told workers in an email.
Categories: Business News
UPDATE 2-Italy's RCS says court ruled 2013 sale to Blackstone valid, may still win damages
Milan's Arbitral Tribunal has
judged that the 2013 sale of RCS' headquarters to
Blackstone Group was valid but found that the purchaser's
behaviour may entitle the Italian publisher to compensatory
damages, RCS said late on Tuesday.
Categories: Business News
Disney proposes partial reopening of Walt Disney World on July 11
Walt Disney Co aims to begin
reopening its Walt Disney World theme parks in Orlando, Florida
on July 11, a company executive said on Wednesday.
Categories: Business News
Carlyle-backed ZoomInfo looks to raise about $800 mln in Nasdaq listing
ZoomInfo Technologies Inc expects to
raise up to $801 million in its U.S. initial public offering
(IPO), as the market for new issues rebounds after the COVID-19
pandemic put several debuts on hold for a couple of months.
Categories: Business News
Instagram adds ways for online video stars to earn money
Facebook Inc's
Instagram app on Wednesday rolled out new tools enabling people
to make money off the videos they post, as it competes for
creative talent in an increasingly crowded market for mobile
video content.
Categories: Business News
