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Wells Fargo stops giving loans to most independent car dealerships

Wells Fargo & Co will stop providing loans to a majority of its independent auto dealer customers due to the economic challenges brought on by the COVID-19 pandemic, a spokeswoman said on Tuesday......»»

Category: topSource: REUTERS27 min. ago Related News

LVMH-Tiffany deal seen as uncertain: WWD

LVMH-Tiffany deal seen as uncertain: WWD.....»»

Category: topSource: REUTERS27 min. ago Related News

Wall Street closes up on signs of economic rebound

Wall Street posted gains on Tuesday as market participants looked past widespread social unrest and pandemic worries to focus instead on easing lockdown restrictions and signs of economic recovery......»»

Category: topSource: REUTERS27 min. ago Related News

After Facebook staff walkout, Zuckerberg defends no action on Trump posts

Facebook CEO Mark Zuckerberg told employees on Tuesday that he stood by his decision not to challenge inflammatory posts by U.S. President Donald Trump, refusing to give ground a day after staff members staged a rare public protest......»»

Category: topSource: REUTERS27 min. ago Related News

Center for Democracy and Technology files lawsuit against Trump"s executive order on social media

The Washington-based Center for Democracy and Technology filed a lawsuit on Tuesday against U.S. President Donald Trump's executive order on social media, arguing it violates the First Amendment......»»

Category: topSource: REUTERS42 min. ago Related News

Oil up more than 3% ahead of OPEC+ meeting and on easing lockdowns

O.....»»

Category: topSource: REUTERS57 min. ago Related News

H&M closes U.S. stores amid protests, says it stands behind black community

H&M, the world's second-biggest fashion retailer, said on Tuesday it had temporarily closed 95 of its stores in the United States because of the violent protests following the death of George Floyd in police custody......»»

Category: topSource: REUTERS1 hr. 57 min. ago Related News

U.S. sanctions four shipping firms for transporting Venezuelan oil

The U.S. Treasury Department on Tuesday said it had sanctioned four shipping firms for transporting Venezuelan oil, the latest escalation in Washington's effort to oust socialist President Nicolas Maduro by cutting off the OPEC nation's crude exports......»»

Category: topSource: REUTERS1 hr. 57 min. ago Related News

Britain, EU clash over financial market access: diplomats

Britain wants binding commitments from the European Union on financial market access to avoid the country's finance industry suddenly being cut off from the bloc, a request Brussels has rejected, EU officials and diplomats said......»»

Category: topSource: REUTERS1 hr. 57 min. ago Related News

Financing hunt during pandemic lifts May U.S. convertible debt issuance to record

U.S. issuanc.....»»

Category: topSource: REUTERS1 hr. 57 min. ago Related News

No major conditions on Renault"s state-backed loan, chairman says

France has not attached any major conditions to a 5 billion euro ($5.6 billion) state-backed loan for Renault, the carmaker's chairman said on Tuesday, although the finance minister called on the company to hold "exemplary" talks with unions......»»

Category: topSource: REUTERS1 hr. 57 min. ago Related News

Rental fleet collapse drags down U.S. vehicle sales

The collapse in demand for new vehicles from U.S. rental car fleets hit automakers hard in May, even as consumer sales were stronger than expected as coronavirus stay-at-home orders began to ease......»»

Category: topSource: REUTERS1 hr. 57 min. ago Related News

U.S. auto sales in May encourage Detroit plan to rebuild inventories

Several automakers on Tuesday reported stronger-than-expected May sales in the United States, and the Detroit automakers said they will work through their annual summer shutdowns to rebuild inventories as demand recovers from coronavirus shutdowns......»»

Category: topSource: REUTERS1 hr. 57 min. ago Related News

Goldman Sachs commits to new central Paris headquarters

U.S. bank Goldman Sachs has signed a lease for a new Paris headquarters building, committing to a city centre office development at a time when many banks are weighing scaling back their presence in cities amid the COVID-19 pandemic......»»

Category: topSource: REUTERS1 hr. 57 min. ago Related News

China is using Huawei to drive a wedge in the UK-U.S. special relationship: senator

China is using telecoms giant Huawei to try to drive a wedge between Britain and the United States, Republican senator Tom Cotton told British lawmakers on Tuesday......»»

Category: topSource: REUTERS1 hr. 57 min. ago Related News

Oil up nearly 3% ahead of OPEC+ meeting and on easing lockdowns

Oil prices climbed about $1 a barrel on Tuesday on hopes that major crude producers will agree to extend output cuts during a video conference likely to be held this week and as countries and U.S. states begin to reopen after coronavirus lockdowns......»»

Category: topSource: REUTERS1 hr. 57 min. ago Related News

U.S. board urges helicopter manufacturers to add crash-data recorders

The National Transportation S.....»»

Category: topSource: REUTERS1 hr. 57 min. ago Related News

U.S. launches trade probe into digital taxes, plowing ground for new tariffs

The U.S. Trade Representative's office said on Tuesday it was launching a "Section 301" investigation into digital services taxes adopted or under consideration by a number of U.S. trading partners - a move that could lead to new punitive tariffs......»»

Category: topSource: REUTERS1 hr. 57 min. ago Related News

California court hears appeal of $289 million verdict against Bayer in first Roundup cancer trial

A California appeals court on Tuesday heard arguments in the first case that went to trial over allegations that Bayer AG's glyphosate-based weed killer Roundup causes cancer, resulting in a $289 million judgment against the company......»»

Category: topSource: REUTERS1 hr. 57 min. ago Related News

Wall Street advances on signs of economic rebound

U.S. stocks posted modest gains on Tuesday as market participants looked past widespread social unrest and pandemic worries to focus instead on lifting lockdown restrictions and signs of economic recovery......»»

Category: topSource: REUTERS1 hr. 57 min. ago Related News