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Updated: 31 min 39 sec ago

Petrobras, oil workers reach agreement to end strike - judge

45 min 13 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

45 min 49 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

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

57 min 37 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

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

1 hour 11 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

U.S. FDA approves Esperion's cholesterol drug

1 hour 29 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

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

1 hour 31 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

Verizon withdraws from RSA conference on coronavirus concerns

1 hour 49 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

UPDATE 1-New York Times plans to name Meredith Kopit Levien as next CEO- Bloomberg News

1 hour 55 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

UPDATE 1-U.S. authorities to announce deal over Wells Fargo's sales practices scandal -sources

1 hour 56 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

Lyft buys digital car-top advertising startup Halo Cars

1 hour 59 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

UPDATE 1-Lawsuit in NY says ex-hedge fund manager Falcone reneged on loans, wrongly sold a Warhol

2 hours 3 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

UPDATE 1-Encryption on Facebook, Google, others threatened by planned new bill

2 hours 9 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

EMERGING MARKETS-Latam currencies gain as U.S. data hits dollar, virus fears hurt stocks

2 hours 17 min ago
Most Latin American currencies firmed on Friday, reversing course from earlier in the session as the dollar took a hit from data that showed business activity in the United States stalled in February. Brazil's real came o
Categories: Business News

Lawsuit in NY claims ex-hedge fund manager Falcone reneged on loans

2 hours 24 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 sold some of the underlying collateral, including an Andy Warhol painting.
Categories: Business News

Wealth management firm HighTower Advisors' owner seeks to cash out -sources

2 hours 29 min ago
The private equity owner of HighTower Advisors is exploring ways to cash out of the largest registered investment adviser in the United States, including through a potential sale of the company, people familiar with the matter said on Friday.
Categories: Business News

U.S. authorities will soon announce deal relating to Wells Fargo's sales practices scandal -sources

2 hours 32 min ago
U.S. authorities will soon announce a deal relating to Wells Fargo's multi-year sales practices scandal, according to two sources familiar with the agreement.
Categories: Business News

Timberland sees eco-green with slower delivery speeds

2 hours 34 min ago
Outdoor apparel retailer Timberland is testing online shoppers' willingness to help the environment by slowing down delivery as Amazon.com drives retailers toward pricier, more polluting one-day shipping.
Categories: Business News

UPDATE 4-Miner Teck floats oil sands exit as Trudeau govt weighs C$20.6 bln project

2 hours 42 min ago
Canadian miner Teck Resources Ltd on Friday floated a potential exit from the oil sands and warned of a possible C$1.13 billion ($852.12 million) hit should Prime Minister Justin Trudeau's government reject its Frontier bitumen mine.
Categories: Business News

US STOCKS-Wall St slides as gloomy data adds to coronavirus fears

2 hours 55 min ago
* Indexes down: Dow 0.64%, S&P 0.86%, Nasdaq 1.40% (Updates to early afternoon)
Categories: Business News

U.S. oil rig count rises for third week in a row -Baker Hughes

2 hours 56 min ago
The U.S. oil rig count rose for a third week in a row even though growth in the country's largest shale formation slows as producers cut spending on new drilling for a second consecutive year.
Categories: Business News

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