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Updated: 1 hour 7 min ago

UPDATE 2-U.S. Air Force to release $882 mln to Boeing -official

Thu, 04/02/2020 - 17:23
The U.S. Air Force will release $882 million in payments to Boeing that were held back due to flaws in the KC-46 air refueling tanker, a Pentagon official said on Thursday.
Categories: Business News

UPDATE 1-Huge U.S. solar project permit delayed over impact on historic trail

Thu, 04/02/2020 - 16:59
A U.S. government agency has delayed issuing a permit for the Gemini solar power project in Nevada, one of the country’s largest proposed solar farms, over concerns about its impact on a historic region traversed by settlers of the American West.
Categories: Business News

UPDATE 1-General Motors, Honda to jointly develop two new electric vehicles

Thu, 04/02/2020 - 16:55
General Motors Co and Honda Motor Co Ltd said on Thursday they would jointly develop two new electric vehicles for Honda and are exploring more ways to expand their alliance.
Categories: Business News

UPDATE 1-Trump invokes Defense Production Act for ventilator manufacturing

Thu, 04/02/2020 - 16:51
U.S. President Donald Trump on Thursday invoked the Defense Production Act to aid companies building ventilators for coronavirus patients to receive the supply of materials they need.
Categories: Business News

MOVES-UBS's long-time Americas chief investment officer to step down

Thu, 04/02/2020 - 16:50
The long-time head of UBS Group AG's chief investment office in the Americas, Mike Ryan, will step down in July to take a new role working directly with the bank's clients, Ryan said in an interview with Reuters.
Categories: Business News

Direct lenders support existing investments but open for opportunities

Thu, 04/02/2020 - 16:34
NEW YORK, April 2 (LPC) - Firms that lend to small and mid-sized companies are looking to shore up existing investments amid market volatility caused by the coronavirus pandemic, but are still open for new deals as valuations fall.
Categories: Business News

Vietnam Airlines to lose $2.12 bln in revenue, cut staff this year

Thu, 04/02/2020 - 11:02
Vietnam Airlines will lose 50 trillion dong ($2.12 billion) in revenue as most of its 106-strong fleet has been grounded due to the coronavirus that has infected 227 people in the Southeast Asian country, state media reported on Thursday.
Categories: Business News

UPDATE 2-Oil firms Apache, Total make second major oil discovery offshore Suriname

Thu, 04/02/2020 - 10:59
Oil producer Apache Corp and its joint venture partner Total SA said on Thursday that they made their second significant oil discovery of the year in a closely watched area off the coast of South America's Suriname.
Categories: Business News

EU justice chief urges U.S. tech giants to halt virus clickbaits

Thu, 04/02/2020 - 10:58
EU justice chief Vera Jourova on Thursday criticised U.S. tech giants such as Google and Facebook for making money off coronavirus-related fake news instead of putting in more efforts to stop the deluge.
Categories: Business News

Delivery platform Grubhub to give $30 mln of credit to restaurants

Thu, 04/02/2020 - 10:53
The third-party delivery provider Grubhub Inc on Thursday will notify more than 100,000 restaurants using its platform that they each will get a $250 credit - at a total cost to Grubhub of up to $30 million - to help offset losses from the coronavirus crisis.
Categories: Business News

EMERGING MARKETS-Latam stocks track Wall St higher, FX mixed in volatile trade

Thu, 04/02/2020 - 10:51
Most Latin American stocks rose on Thursday after Wall Street regained footing post a brief drop into the red after yet another record rise in U.S. weekly jobless claims to $6.65 million. After dismal manufacturing data from around the globe had dented sentiment on Wednesday, Latam stocks bounced 1.5%. But the su
Categories: Business News

US STOCKS-Wall St gains as oil recovery eclipses record weekly jobless claims

Thu, 04/02/2020 - 10:47
* Indexes up: Dow 0.39%, S&P 0.72%, Nasdaq 0.56% (Updates to open)
Categories: Business News

Google to allow some advertisers to run coronavirus-related ads - Axios

Thu, 04/02/2020 - 10:42
Alphabet Inc's Google will begin to allow some advertisers to run ads across its platforms that address the coronavirus, news website Axios reported on Thursday, citing an internal memo.
Categories: Business News

Netflix leads on downloads, but YouTube Kids grabs more hours

Thu, 04/02/2020 - 10:36
Netflix Inc led rivals YouTube, Amazon Prime and Disney+ with over 59 million installs in the first quarter of 2020, but more time was spent on YouTube's Kids service as usage boomed following the shutdown of thousands of schools in March.
Categories: Business News

UPDATE 2-Caged in pet owners stockpile supplies for coronavirus lockdowns

Thu, 04/02/2020 - 10:32
* Analysts expect raised demand to be short-term (Recasts, adds peers, industry data, background)
Categories: Business News

UPDATE 1-Planemakers brace for sharp cuts in wide-body output - sources

Thu, 04/02/2020 - 10:31
Planemakers are looking at drastic cuts in wide-body production amid a slump in demand for the industry's largest jetliners, manufacturing and supplier sources said on Thursday.
Categories: Business News

Healthcare stocks show their defensive allure in ailing market

Thu, 04/02/2020 - 10:20
The coronavirus pandemic is throwing a spotlight on stocks in the U.S. healthcare sector, home to the companies that could develop treatments, vaccines and improved diagnostics needed to tackle the greatest public health crisis in a century.
Categories: Business News

CANADA STOCKS-TSX higher as energy shares gain on oil bounce

Thu, 04/02/2020 - 10:18
Canada's main stock index rose on Thursday, led by energy shares as crude prices soared after U.S. President Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end the price war.
Categories: Business News

UPDATE 2-Amazon wins trademark case in boost for online retailers vs luxury firms

Thu, 04/02/2020 - 10:17
Amazon is not liable for unknowingly stocking goods for third-party sellers that infringe trademarks, Europe's top court said on Thursday, handing online retailers a victory in their battle against luxury goods companies.
Categories: Business News

UPDATE 1-Ford says post-crisis support for U.S. customers 'would be appropriate'

Thu, 04/02/2020 - 10:16
Ford Motor Co's U.S. sales chief said on Thursday the automaker believes some level of government stimulus will be needed for consumers once the coronavirus pandemic recedes and that the crisis will spur a permanent shift toward more online vehicle sales in America.
Categories: Business News