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Updated: 1 hour 38 min ago

REFILE-BRIEF-AT&T Expects 2020 Dividend Payout Ratio To Be In 60's% Range

Wed, 06/17/2020 - 18:52
Categories: Business News

UPDATE 1-Mexico's president accuses Spain's Iberdrola of 'hidden' media attack

Wed, 06/17/2020 - 18:48
Mexican President Andres Manuel Lopez Obrador ramped up verbal attacks on Spain's Iberdrola on Wednesday, accusing the power generation company of mounting a media campaign against his government as well as unspecified acts of graft.
Categories: Business News

British oil major BP raises $12 bln in debt - FT

Wed, 06/17/2020 - 18:43
British oil major BP Plc raised $12 billion of debt with equity-like features, taking advantage of low interest rates to fortify its balance sheet, the Financial Times reported on Wednesday.
Categories: Business News

UPDATE 1-U.S. fines Copa Airlines $450K for transporting passengers between U.S., Venezuela

Wed, 06/17/2020 - 18:28
The U.S. Transportation Department said on Wednesday it fined Panama's Copa Airlines $450,000 for unlawfully transporting passengers between the United States and Venezuela via a stopover point, and ordered the airline to avoid future similar violations.
Categories: Business News

UPDATE 1-Roche rheumatoid arthritis drug fails to help COVID-19 patients in Italian study

Wed, 06/17/2020 - 18:07
Roche's rheumatoid arthritis drug Actemra failed to help patients with early-stage COVID-19 pneumonia in an Italian study, researchers reported on Wednesday, but the Swiss drugmaker is testing the medicine in another trial against the illness caused by the new coronavirus.
Categories: Business News

Spotify reaches podcast deal with Kim Kardashian West - WSJ

Wed, 06/17/2020 - 18:06
Reality TV star Kim Kardashian West reached a deal with Spotify Technology SA for a podcast about her work with the Innocence Project, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
Categories: Business News

UPDATE 6-FAA chief acknowledges agency, Boeing made mistakes on 737 MAX

Wed, 06/17/2020 - 18:02
The head of the Federal Aviation Administration, Steve Dickson, acknowledged on Wednesday that Boeing Co and the U.S. air safety agency both made mistakes on the 737 MAX jet, but rejected senators' accusations the FAA was "stonewalling" probes after two fatal crashes.
Categories: Business News

UPDATE 5-Trump administration proposes rolling back protections for big tech

Wed, 06/17/2020 - 17:54
The U.S. Justice Department proposed on Wednesday that Congress take up legislation to curb protections big tech platforms like Alphabet's Google and Facebook have had for decades, a senior official said, following through on President Donald Trump's bid to crack down on tech giants.
Categories: Business News

UPDATE 2-Brazil's Petrobras expects to sell stake in fuel distributor in 2nd half, sources say

Wed, 06/17/2020 - 17:44
Brazilian state-controlled oil company Petroleo Brasileiro SA is resuming plans to unload its remaining stake in the country's top gas station operator, Petrobras Distribuidora SA, two people with knowledge of the matter said.
Categories: Business News

CORRECTED-(OFFICIAL)-Workplace search startup Onna gets $27 million in venture funding

Wed, 06/17/2020 - 17:23
Search startup Onna Technologies Inc, which helps companies find information buried within emails, chats and storage services, announced on Wednesday $27 million in new funding from venture capital firm Atomico and past investors such as Slack Technologies Inc .
Categories: Business News

Brazil central bank cuts interest rate to record-low 2.25%

Wed, 06/17/2020 - 17:19
Brazil's central bank cut its benchmark interest rate by 75 basis points on Wednesday to a record-low 2.25%, as expected, in a move to cushion what may be the country's worst economic crash on record.
Categories: Business News

UPDATE 2-Civil rights groups urge companies to pause ad spending on Facebook

Wed, 06/17/2020 - 17:07
Several U.S. civil rights groups called upon some of the world's largest companies to pause advertising on Facebook Inc in July, saying the social network is not doing enough to stop hate speech on its platforms.
Categories: Business News

UPDATE 1-Google sets 2025 leadership diversity goal, ends 'tailgater' ID checks

Wed, 06/17/2020 - 16:53
Alphabet Inc's Google on Wednesday announced a new hiring goal and security policy to address racial issues at its offices, as protests over police brutality against African Americans have carried into discussions about corporate culture.
Categories: Business News

UPDATE 1-Canada's Enbridge says 800 workers take voluntary buyouts

Wed, 06/17/2020 - 16:52
Enbridge Inc, Canada's largest pipeline operator, said on Wednesday about 800 employees have opted for voluntary buyouts, as the company tries to reduce costs to tackle the COVID-19 crisis and the global oil price shock.
Categories: Business News

Italian study shows no improvement from Roche's rheumatoid arthritis drug for COVID-19

Wed, 06/17/2020 - 16:50
Roche Holding AG's Actemra did not improve symptoms in patients with early-stage COVID-19 pneumonia, scientists conducting a study of the drug in Italy said on Wednesday, raising questions about the potential of the Swiss drugmakers' rheumatoid arthritis drug to treat the novel coronavirus.
Categories: Business News

UPDATE 3-Cargill concerned about Brazil government 'insults' to top trade partner China

Wed, 06/17/2020 - 16:45
Insults by Brazilian government officials aimed at China, the country's main trading partner, are detrimental to Brazil's business interests and "not even very smart," the chief executive of Cargill's local operations said on Wednesday.
Categories: Business News

UPDATE 1-Twitter tests new voice tweeting feature

Wed, 06/17/2020 - 16:44
Twitter Inc said on Wednesday it is testing a new feature that will allow users to tweet using their voice, capturing up to 140 seconds of audio in a single tweet.
Categories: Business News

U.S. fines Copa Airlines $450K for transporting passengers between U.S., Venezuela

Wed, 06/17/2020 - 16:36
The U.S. Transportation Department said on Wednesday it had fined Panama's Copa Airlines $450,000 for unlawfully transporting passengers between the United States and Venezuela via a stopover point and ordered the airline to avoid future similar violations.
Categories: Business News

Chile copper mine workers seek dialogue as coronavirus outbreak explodes

Wed, 06/17/2020 - 16:29
Unionized copper mine workers in Chile asked on Wednesday to be included in a dialogue between companies and the government to address the exploding coronavirus crisis in the world´s top producer of the red metal.
Categories: Business News

US STOCKS-S&P closes lower as new COVID-19 cases surge

Wed, 06/17/2020 - 16:29
* Indexes: Dow down 0.65%, S&P off 0.36%, Nasdaq up 0.15% (Updates with closing prices)
Categories: Business News