Business News

CANADA-CRUDE-Heavy discount widens as oil storage levels ease

Reuters Company News - Wed, 06/03/2020 - 15:12
Canadian heavy crude's discount widened versus the U.S. benchmark West Texas Intermediate (WTI) on Wednesday as Alberta oil storage levels eased and Enbridge Inc's Line 3 pipeline faced added delays. * Western Canada Select (WCS) heavy blend crude for July delivery in Hardisty, Alberta, traded at $8.60 per barrel below WTI, according to NE2 Canada Inc, wider than Tuesday's settle of $7.65 under.
Categories: Business News

U.S. indicts Pilgrim's Pride Corp CEO for alleged chicken price-fixing

Reuters Biz News - Wed, 06/03/2020 - 15:11
The chief executive of Pilgrim's Pride Corp, a major U.S. poultry company, was indicted along with three other current and former industry executives on charges of seeking to fix the price of chickens, the Justice Department said on Wednesday.
Categories: Business News

Exclusive: Ex-Enron CEO Skilling launching new digital marketplace for oil investors - sources

Reuters Biz News - Wed, 06/03/2020 - 14:53
Former Enron CEO Jeffrey Skilling, released last year after a 14-year prison term stemming from the energy firm's collapse, is raising funds to launch a digital marketplace catering to professional oil and gas investors, according to four people familiar with the matter.
Categories: Business News

U.S. senators to announce sanctions bill on Russia's Nord Stream 2 gas pipeline

Reuters Company News - Wed, 06/03/2020 - 14:47
Five U.S. senators are to announce legislation on Wednesday to expand sanctions on Russia's Nord Stream 2, a natural gas pipeline that would increase exports to Germany but is opposed by many in Washington who say it would tighten Moscow's political and economic grip on Europe.
Categories: Business News

Virus-hit U.S. state revenue could start slow recovery in third quarter: analysts

Reuters Biz News - Wed, 06/03/2020 - 14:46
U.S. state tax revenue, which plunged due to the economic fallout from the coronavirus pandemic, could start to slowly recover this summer as long as the outbreak does not undergo a resurgence, analysts said.
Categories: Business News

UPDATE 1-ZoomInfo looks to price IPO above target in 2020's largest tech listing so far -sources

Reuters Company News - Wed, 06/03/2020 - 14:39
ZoomInfo Technologies Inc is looking to price its initial public offering (IPO) on Wednesday above its upwardly revised target range in what is set to be the largest U.S. technology listing so far this year, people familiar with the matter said
Categories: Business News

UPDATE 1-U.S. indicts Pilgrim's Pride Corp CEO for alleged chicken price-fixing

Reuters Company News - Wed, 06/03/2020 - 14:29
The chief executive of Pilgrim's Pride Corp, a major U.S. poultry company, was indicted along with three other current and former industry executives on charges of seeking to fix the price of chickens, the Justice Department said on Wednesday.
Categories: Business News

ZoomInfo looks to price IPO at $21 per share, above target - sources

Reuters Company News - Wed, 06/03/2020 - 14:21
ZoomInfo Technologies Inc is looking to price its U.S. initial public offering (IPO) on Wednesday at $21 per share, above its upwardly revised $19-$20 target range, people familiar with the matter said.
Categories: Business News

UPDATE 3-WHO set to resume hydroxychloroquine trial in battle against COVID-19

Reuters Company News - Wed, 06/03/2020 - 14:14
* WHO "especially worried" about Central, South America (Adds detail in paragraph 6)
Categories: Business News

Wall Street surges on signs of economic rebound

Reuters Biz News - Wed, 06/03/2020 - 14:13
Wall Street jumped in a broad rally on Wednesday, closing ground on all-time highs as signs of recovery from mandated economic shutdowns helped investors look beyond ongoing social unrest and pandemic woes.
Categories: Business News

US STOCKS-Wall Street surges on signs of economic rebound

Reuters Company News - Wed, 06/03/2020 - 14:12
* Indexes up: Dow 1.71%, S&P 500 1.24%, Nasdaq 0.78% (Updates to late afternoon, changes dateline, byline)
Categories: Business News

Pakistani aviation authority says PIA pilot ignored air traffic control

Reuters Company News - Wed, 06/03/2020 - 14:11
Pakistani aviation authorities have told Pakistan International Airlines that the pilot of a passenger plane that crashed into a residential district of Karachi last month had ignored air traffic control's instructions for landing, a PIA spokesman said on Wednesday.
Categories: Business News

New U.S. restrictions on 33 Chinese firms and institutions take effect June 5

Reuters Biz News - Wed, 06/03/2020 - 14:09
The U.S Commerce Department said on Wednesday that new restrictions on 33 Chinese firms and institutions it announced last month will take effect Friday.
Categories: Business News

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