Business News

In next downturn, Fed may opt for quick, strong action

Reuters Biz News - 30 min 39 sec ago
In the next economic downturn, the Federal Reserve and other central banks may need to roll out their big guns sooner and add new bazookas to their recession-fighting arsenals, or risk getting mired in growth-sapping deflation or worse.
Categories: Business News

Petrobras, oil workers reach agreement to end strike - judge

Reuters Company News - 37 min 17 sec ago
Brazil's state-controlled oil company Petrobras and unions representing the firm's oil workers reached an agreement on Friday to end a partial strike, a judge at the country's highest labor court said.
Categories: Business News

Brazil's Vale dam disaster report highlights governance shortcomings

Reuters Company News - 37 min 53 sec ago
Brazilian prosecutors on Friday slammed Vale SA's corporate risk management policies, saying a report released by the iron ore miner a day earlier highlighted governance issues that contributed to a dam burst last year that killed 270 people, just four years after a similar disaster.
Categories: Business News

Deere's shares hit all-time high on unexpected rise in quarterly profit

Reuters Biz News - 43 min 30 sec ago
Deere & Co's shares hit an all-time high on Friday after the company reported an unexpected increase in first-quarter profit, but the world's largest farm equipment maker warned the outbreak of coronavirus would hit sales and earnings in the second quarter.
Categories: Business News

GLOBAL MARKETS-Stocks slide as coronavirus fears spur safe-haven buying

Reuters Company News - 49 min 41 sec ago
Global equity markets slumped on Friday as the fast-spreading coronavirus drove investors into safe havens, with gold hitting a fresh seven-year high and the yield on the 30-year U.S. Treasury bond sliding to an all-time low.
Categories: Business News

Oil slides 1% on renewed fears over toll from coronavirus

Reuters Biz News - 50 min 3 sec ago
Oil prices fell about 1% on Friday on renewed concerns about crude demand being pinched by the economic impact of the coronavirus outbreak, while OPEC and allied producers appeared to be in no rush to curb output.
Categories: Business News

UPDATE 6-Deere's shares hit all-time high on unexpected rise in quarterly profit

Reuters Company News - 1 hour 3 min ago
Deere & Co's shares hit an all-time high on Friday after the company reported an unexpected increase in first-quarter profit, but the world's largest farm equipment maker warned the outbreak of coronavirus would hit sales and earnings in the second quarter.
Categories: Business News

UniCredit may make announcement soon on CEO Mustier's future: sources

Reuters Biz News - 1 hour 6 min ago
Italy's biggest bank UniCredit may make an announcement as early as Friday night on the future of boss Jean Pierre Mustier, two sources familiar with the matter said, after reports he is vying for the top job at rival HSBC .
Categories: Business News

Verizon withdraws from RSA conference on coronavirus concerns

Reuters Biz News - 1 hour 11 min ago
Verizon Communications Inc has pulled out of the RSA cyber security conference due to coronavirus-related concerns, the organizer said https://www.rsaconference.com/novel-coronavirus-update on Friday.
Categories: Business News

New York Times plans to name Meredith Kopit Levien as next CEO: Bloomberg News

Reuters Biz News - 1 hour 15 min ago
New York Times Co is expected to name company insider Meredith Kopit Levien as its next chief executive officer to succeed Mark Thompson, Bloomberg News reported https://www.bloomberg.com/news/articles/2020-02-21/new-york-times-poised-to-name-meredith-kopit-levien-as-next-ceo on Friday, citing people familiar with the matter.
Categories: Business News

Lyft buys digital car-top advertising startup Halo Cars

Reuters Biz News - 1 hour 18 min ago
Lyft Inc has bought U.S.-based startup Halo Cars, which allows drivers to make money through digital advertisements displayed on top of their vehicles.
Categories: Business News

U.S. FDA approves Esperion's cholesterol drug

Reuters Company News - 1 hour 22 min ago
The U.S Food and Drug Administration approved Esperion Therapeutics Inc's cholesterol-lowering drug as an add-on treatment to commonly used statins, the agency said on Friday.
Categories: Business News

Lawsuit in NY says ex-hedge fund manager Falcone reneged on loans, wrongly sold a Warhol

Reuters Biz News - 1 hour 22 min ago
Former hedge fund manager Philip Falcone has been sued for more than $65.8 million after he allegedly defaulted on a series of loans and improperly sold some of the underlying collateral, including an Andy Warhol painting.
Categories: Business News

WRAPUP 10-Coronavirus spreads in China prisons as fears weigh on global markets, U.S. business

Reuters Company News - 1 hour 23 min ago
The coronavirus has infected hundreds of people in Chinese prisons, authorities said on Friday, contributing to a jump in reported cases beyond the epicentre in Hubei province, including 100 more in South Korea and a worsening outbreak in Italy.
Categories: Business News

Encryption on Facebook, Google, others threatened by planned new bill

Reuters Biz News - 1 hour 29 min ago
U.S. legislation will be introduced in the coming weeks that could hurt technology companies' ability to offer end-to-end encryption, two sources with knowledge of the matter said, and it aims to curb the distribution of child sexual abuse material on such platforms.
Categories: Business News

U.S. authorities to announce deal over Wells Fargo's sales practices scandal: sources

Reuters Biz News - 1 hour 29 min ago
U.S. authorities will soon announce a settlement related to Wells Fargo's multi-year sales practices scandal, according to two sources familiar with the matter, wrapping up one of the last one major probes looming over the bank.
Categories: Business News

Wait, Is That Backpack … Floating?

Wired RSS Feed - 1 hour 40 min ago
A new pack from HoverGlide looks like magic. But there's a perfectly good physics explanation.
Categories: Business News

Verizon withdraws from RSA conference on coronavirus concerns

Reuters Company News - 1 hour 41 min ago
Verizon Communications Inc has pulled out of the RSA cyber security conference due to coronavirus-related concerns, the organizer said https://www.rsaconference.com/novel-coronavirus-update on Friday.
Categories: Business News

Pages