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Updated: 14 min 33 sec ago

UPDATE 1-Facebook sues individuals for offering to extract data, gather likes

Thu, 06/18/2020 - 12:09
Facebook Inc said on Thursday it filed lawsuits against individuals in Europe and the United States for abusing its platforms to offer automated tools for scraping users' personal data and gathering likes.
Categories: Business News

UPDATE 2-European shares end lower on second wave concerns

Thu, 06/18/2020 - 12:09
* Zalando jumps as pandemic boosts online shopping (Adds comments; updates prices to closes)
Categories: Business News

UPDATE 2-Kroger says demand easing after coronavirus stockpiling

Thu, 06/18/2020 - 12:01
U.S. supermarket chain Kroger Co stopped short of raising its annual forecasts on Thursday, saying a coronavirus-driven surge in demand for essential goods was fading as American households reconsider what they have on their shelves.
Categories: Business News

Startup led by ex-Goldman Sachs HR chief launches diversity and inclusion index

Thu, 06/18/2020 - 12:00
Eskalera, a technology startup led by Goldman Sachs former human resources head Dane Holmes, has launched an index to measure corporate diversity and inclusiveness, the firm said on Thursday.
Categories: Business News

US STOCKS-S&P 500, Dow muted as virus cases rise, jobless claims weigh

Thu, 06/18/2020 - 11:55
* Indexes: Dow flat, S&P up 0.16%, Nasdaq rises 0.47% (Adds quote, details; updates prices)
Categories: Business News

Bombardier CEO says rail deal with Alstom remains on track

Thu, 06/18/2020 - 11:49
Bombardier's chief executive told shareholders at its annual general meeting on Thursday that a deal to sell its rail division to France's Alstom SA remains "pretty much on track to our original timeline."
Categories: Business News

Development banks double down on Latin America as bank loans slump

Thu, 06/18/2020 - 11:40
NEW YORK, June 18 (LPC) - Global development banks are mobilizing billions of US dollars in capital to fund initiatives in Latin America as commercial bank lending slumps throughout the region, which is grappling with a spike in coronavirus cases and a severe dip in projected economic performance.
Categories: Business News

UPDATE 2-Colgate reviewing Chinese toothpaste brand Darlie amid debate on racial inequality

Thu, 06/18/2020 - 11:39
Colgate-Palmolive on Thursday said it was working to review and evolve its Chinese toothpaste brand, Darlie, the latest in a string of brand reassessments amid a U.S. debate on racial inequality.
Categories: Business News

UPDATE 1-Amazon and Valentino file joint lawsuit over shoe counterfeiting

Thu, 06/18/2020 - 11:36
Italian luxury brand Valentino and Internet giant Amazon have filed a joint lawsuit against New York-based Kaitlyn Pan Group for allegedly counterfeiting Valentino shoes and offering them for sale online.
Categories: Business News

UPDATE 2-Deutsche Bank to pay $10 mln over spoofing charges, reporting failures -CFTC

Thu, 06/18/2020 - 11:33
Deutsche Bank AG will pay more than $10 million to settle federal court charges of market manipulation and of alleged violations of data reporting obligations, the U.S. Commodity Futures Trading Commission said on Thursday.
Categories: Business News

UPDATE 4-UK ditches COVID-19 app model to use Google-Apple system

Thu, 06/18/2020 - 11:26
* Trial of app showed inaccuracies on Apple's iPhone (Adds quote, details)
Categories: Business News

Facebook sues individuals for unauthorized use of automation tools

Thu, 06/18/2020 - 11:25
Facebook Inc said on Thursday it filed lawsuits against individuals in Europe and the United States for abusing its platforms by using unauthorized automation software.
Categories: Business News

Canada firms developing voluntary mobile testing app for coronavirus - PM Trudeau

Thu, 06/18/2020 - 11:24
Canadian firms such as Shopify Inc and Blackberry Ltd have helped develop a mobile contact testing app for the novel coronavirus, Prime Minister Justin Trudeau said on Thursday.
Categories: Business News

Johnson & Johnson in talks with governments on possible COVID-19 vaccine

Thu, 06/18/2020 - 11:19
Johnson & Johnson is in talks with multiple governments and global organisations as it seeks to develop a COVID-19 vaccine, it said on Thursday after Reuters reported that the U.S. company is in talks over a potential EU supply deal.
Categories: Business News

TREASURIES-Yields fall as coronavirus spread dents risk appetite

Thu, 06/18/2020 - 11:07
U.S. Treasury yields fell on Thursday after cases of the novel coronavirus rose in several U.S. states, raising concerns that the economy may not bounce back as quickly as hoped. Several U.S. states reported a surge in new coronavirus infections on Wednesday and the daily count of infections also hit a new benchmark in California and Texas. Around 400 workers also tested positive for the virus at an
Categories: Business News

GLOBAL MARKETS-World stock markets slip on second wave virus fears, safe-havens rise

Thu, 06/18/2020 - 11:06
Global stock markets drifted lower on Thursday as an increase in new coronavirus cases in some U.S. states and China crushed hopes of a swift economic comeback from the pandemic, underpinning demand for safe-haven currencies such as the dollar and Japanese yen.
Categories: Business News

Engie Brasil CEO says perspective for buying 10% stake in TAG improved

Thu, 06/18/2020 - 11:04
The Brazilian subsidiary of France's Engie SA is considering buying from local state-run oil company Petrobras its remaining 10% stake in the natural gas pipeline company TAG, given the positive performance of the business, Engie Brasil's Chief Executive said on Thursday.
Categories: Business News

DoorDash valued at $16 bln in pre-IPO funding round

Thu, 06/18/2020 - 10:53
DoorDash said on Thursday it was looking to raise about $400 million from investors, valuing the food delivery company at about $16 billion ahead of its initial public offering (IPO).
Categories: Business News

CORRECTED (OFFICIAL)-UPDATE 2-Chanel warns virus impact will linger on luxury sector

Thu, 06/18/2020 - 10:42
The luxury industry will feel the fallout from the coronavirus crisis for the next two years if not longer, Chanel's chief financial officer said on Thursday, warning the French fashion label's 2020 revenues and profit would be significantly hit.
Categories: Business News

UPDATE 1-DC superheroes coming to your headphones as Spotify signs podcast deal

Thu, 06/18/2020 - 10:41
Podcasts featuring Batman, Wonder Woman and Superman will soon stream on Spotify as the Swedish music streaming company has signed a deal with AT&T Inc's Warner Bros and DC Entertainment.
Categories: Business News