Business News
Oil drops below $60 as China virus drives demand concern1/27/2020 9:34:35 AM Crude prices extended declines on Monday, dropping below $60 for the first time in nearly three months as the death toll from China's coronavirus rose and more businesses were forced to shut down, stoking expectations of slowing oil demand.
AbbVie-Allergan $63 billion deal aided by Nestle, AstraZeneca buys1/27/2020 9:32:37 AM U.S. drugmaker AbbVie's $63 billion tie-up with Allergan is getting help from Nestle and AstraZeneca buying up products the Irish-domiciled company is shedding to placate regulators.
Stocks, oil hit by China virus fears, safe havens gain1/27/2020 9:21:56 AM World shares fell to their lowest in two weeks on Monday as worries grew about the economic impact of China's spreading coronavirus with demand spiking for safe-haven assets such as Japanese yen and Treasury notes.
Business survey suggests U.S. labor market may have peaked1/27/2020 9:06:27 AM There is an even balance in the share of U.S. businesses reporting decreases and increases in employment for the first time in a decade, a survey showed on Monday, the latest suggestion that the labor market has likely peaked and job growth could slow this year.
Take Five: When China sneezes1/27/2020 8:49:46 AM Wuhan in central China is the size of London. But flights to and from the city are canceled, highways are shut and soldiers guard the railway station, as China tries to quarantine the center of a virus outbreak that has killed 81 people and infected thousands, spreading to more than 10 countries including the United States and Japan.
Exclusive: Regulator probes board role in Credit Suisse spying scandal - sources1/27/2020 12:38:05 AM The Credit Suisse spying debacle risks tipping the bank into a crisis that could engulf its top executives.
Tesla's Musk seeks to allay water concerns at factory site after protests1/26/2020 11:55:10 PM Tesla Chief Executive Elon Musk sought to allay environmental concerns about the electric carmaker's planned factory in Germany, saying the plant would use less water than was estimated originally.
U.S. stock futures fall more than 1 percent as coronavirus fears spread1/26/2020 11:25:10 PM U.S. S&P500 e-mini futures fell more than 1% in Asian trade on Monday on mounting worries the new coronavirus outbreak could severely disrupt the Chinese economy, an engine of global growth.
WeWork inks office space deal with SoftBank-backed Gympass: sources1/26/2020 10:27:16 PM WeWork has signed a deal to provide space to 250 employees of gym membership app company Gympass in New York, the latest example of the U.S. office-sharing start-up's majority owner, SoftBank Group Corp, using its connections to buoy its business, people familiar with the matter said on Sunday.
U.S. state AGs, Justice Department officials to meet and coordinate on Google probe: sources1/26/2020 9:35:30 PM U.S. state attorneys general will meet Justice Department attorneys next week to share information on their investigations into Alphabet Inc's Google, two sources familiar with the matter told Reuters on Sunday. The probes revolve around monopolistic behavior that may harm consumers through Google's control of online advertising markets and search traffic.
Renault, Nissan chief engineers to meet, revive R&D projects: sources1/26/2020 1:12:54 PM Renault's engineering boss will meet his counterpart at Nissan in Japan this week, two sources close to Renault said, as the carmakers seek to revive projects crucial to an alliance left reeling by the Carlos Ghosn affair.
Boeing's 777X jetliner successfully completes maiden flight1/26/2020 10:13:38 AM Boeing Co successfully staged the first flight of the world's largest twin-engined jetliner on Saturday in a respite from the crisis over its smallest model, the grounded 737 MAX.
Electric vehicle maker Rivian: expect prices lower than previously announced1/26/2020 9:43:24 AM Electric vehicle startup Rivian on Saturday displayed its pickup truck and SUV at an event in San Francisco's Bay Area and said that when their prices are unveiled soon they will be lower than has been previously announced.
Boeing 777X jetliner successfully completes maiden flight1/25/2020 10:06:31 PM Boeing Co on Saturday successfully completed the maiden flight of the world's largest twin-engined jetliner, the 777X.
Walmart testing higher minimum wage for some employees1/25/2020 5:49:23 PM Walmart Inc is testing a higher starting wage for certain newly created jobs in about 500 U.S. stores, as it looks to improve in-store experience for customers amid intense competition.
EU plans more protectionist antitrust rules, data sharing in policy shake-up1/25/2020 4:10:21 PM The EU plans to adopt more protectionist antitrust rules and encourage businesses to share data as part of an industrial policy overhaul aimed at giving European companies a sharper edge in global markets, a strategy document seen by Reuters shows.
Fashion retailer H&M says data protection breaches unacceptable1/25/2020 4:06:37 PM Fashion retailer H&M said on Saturday that data security breaches found at its German unit were unacceptable and it was cooperating with the local data protection supervisory authority in its investigation into the matter.
Financier doubts add to Boeing's MAX headaches1/25/2020 12:15:26 PM To restore faith in the 737 MAX, Boeing needs to prove its flagship jet is not just airworthy but also a safe investment.
FAA tells U.S. airlines it could approve MAX return to service before mid-year -sources1/25/2020 12:15:26 PM Federal Aviation Administrator Steve Dickson called senior U.S. airline officials on Friday and told them the agency could approve the grounded Boeing 737 MAX's return to service before mid-year - a faster time frame than the planemaker suggested this week, people briefed on the calls said.
U.S. senator slams Tesla's 'misleading' name for Autopilot driver assistance system1/25/2020 12:14:58 PM A U.S. senator on Friday urged Tesla Inc to rebrand its driver assistance system Autopilot, saying it has "an inherently misleading name" and is subject to potentially dangerous misuse.