U.S. state attorneys general likely to bring antitrust lawsuits against Google -source
A group of state attorneys general led by Texas are likely to file an antitrust lawsuit against Alphabet Inc's Google and are working on potential litigation for later this year, a person familiar with the situation said on Friday......»»
J.C. Penney files for bankruptcy protection
J.C. Penney Co Inc filed for bankruptcy protection on Friday, the latest among traditional brick-and-mortar retailers to crumble as prolonged store closures due to the COVID-19 pandemic deliver the final blow to troubled businesses......»»
U.S. state attorneys general likely to bring antitrust lawsuits against Google: source
A group of state attorneys general led by Texas are likely to -file an antitrust lawsuit against Alphabet Inc's Google and are working on potential litigation for later this year, a person familiar with the situation said on Friday......»»
California officials reject subsidies for Musk"s SpaceX over Tesla spat
A California state panel on Friday rejected a request from Elon Musk's SpaceX for $655,500 in state job and training funds, citing the chief executive's recent threats to move Tesla, the electric carmaker that he also runs, out of the state......»»
U.S. gave no assurances to Taiwan"s TSMC for a license to sell to Huawei: official
The United States has not given any assurances to Taiwan Semiconduc.....»»
Stimulus will boost value stocks: advisor
Value stocks have long underperformed growth stocks, but Mercadien Asset Management's Ken Kamen tells Reuters' Fred Katayama it's time to consider buying hard hit financial and energy stocks......»»
Employers wary of "immunity" tests for workers
U.S. employers have cooled to the idea of testing workers for possible immunity to the coronavirus as they prepare to reopen factories and other workplaces......»»
Wall Street ends up after swings on reopening hopes, weak data, trade woes
Wall Street's three major indexes closed .....»»
U.S. stock market swings higher despite rising U.S.-China tensions; oil up
U.S. stocks gyrated on Friday before ending slightly higher, as investors worried about increased China-U.S. trade hostilities and disappointing retail sales figures, while signs of a pick-up in crude demand boosted oil prices......»»
S&P ends higher after gyrations on reopening optimism, weak data, trade woes
The S&P 500 closed .....»»
Investors prepare for more U.S. stock swings as states reopen
Investors are bracing for more turbulence in U.S. stocks, as some states prepare to reopen their economies and global trade tensions rise......»»
S&P swings as investors weigh weak data, trade woes with reopening optimism
The S&P 500 zig-zagged on both sides of unchanged on Friday as investors weighed worries about Sino-U.S. trade relations and weaker-than-expected retail sales data against optimism over the reopening of the U.S. economy after coronavirus lockdowns......»»
U.S. stock market falls on plunging retail sales, China-U.S. tensions; oil up
U.S. stocks sank on Friday after data showed a surprisingly sharp dive in retail sales and as investors worried about increased Sino-U.S. trade hostilities, while signs of a pick-up in crude demand boosted oil prices......»»
Wirecard shares plunge as Dubai-based partner shuts shop
Shares in Wirecard fell to more than two-year lows on Friday after a Dubai-based business partner closed its doors even as the German payments company played down the impact on operations......»»
Ethiopian Airlines sees Boeing 737 MAX compensation deal by end-June
Ethiopian Airlines expects a settlement with planemaker Boeing by end of June over compensation related to the 737 MAX grounding in March 2019 following two fatal crashes, CEO Tewolde Gebremariam told Reuters on Friday......»»
Coronavirus boosts U.S. layoffs; job openings fall
Layoffs in the United States jumped to a record high in March, while the number of people voluntarily quitting their jobs dropped to a 4-1/2-year low as the novel coronavirus crisis rapidly changed labor market dynamics......»»
U.S. moves to cut Huawei off from global chip suppliers as China eyes retaliation
The Trump administration on Friday moved to block global chip supplies to blacklisted telecoms equipment giant Huawei Technologies [HWT.UL], spurring fears of Chinese retaliation and hammering shares of U.S. producers of chipmaking equipment......»»
Ethiopian Airlines sees crash settlement with Boeing by end-June
Ethiopian Airlines expects a settlement with planemaker Boeing by end of June over the crash of an 737 MAX plane in March 2019, CEO Tewolde Gebremariam told Reuters on Friday......»»
U.S. consumer sentiment edges up in May but worries about social isolation grow
U.S. consumer sentiment rose unexpectedly in early May after a record plunge a month earlier as emergency assistance payments improved household finances hurt by mass layoffs from the coronavirus crisis, a survey released on Friday showed......»»