Ex-Morgan Stanley diversity officer says bank slashed her budget by 71%
FILE PHOTO: The headquarters of Morgan Stanley is seen in New York January 9, 2013. REUTERS/Shannon Stapleton NEW YORK (Reuters)…
Google sets 2025 leadership diversity goal, ends ‘tailgater’ ID checks
SAN FRANCISCO (Reuters) – Alphabet Inc’s Google on Wednesday announced a new hiring goal and security policy to address racial…
Main Street’s boldest take on Wall Street in bankruptcy stock frenzy
NEW YORK (Reuters) – When Bryan Quevedo received his U.S. government stimulus check last month, he invested $1,000 in the…
Senate bill aims to improve aircraft certification after 737 MAX crashes
SEATTLE/CHICAGO/TRURO, Mass. (Reuters) – U.S. senators introduced legislation on Tuesday that would strengthen FAA oversight of aircraft certification following fatal…
Transparency needed to restore trust after 737 MAX crashes: FAA chief
FILE PHOTO: Boeing 737 Max aircraft are parked in a parking lot at Boeing Field in this aerial photo over…
Exclusive: U.S. companies can work with Huawei on 5G standards – Commerce Department
(Reuters) – The United States on Monday confirmed a Reuters report that it will amend its prohibitions on U.S. companies…
NYSE to reopen trading floor to some market makers on Wednesday
FILE PHOTO: The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak…
JPMorgan to bring back more traders to office next week: source
FILE PHOTO: A sign outside the headquarters of JP Morgan Chase & Co in New York, September 19, 2013. REUTERS/Mike…
Two former Pinterest policy employees say they faced racism at work
FILE PHOTO: A guest hold up a phone during the Pinterest Inc. IPO on the floor of the New York…
Embraer to receive $600 million loan, partly backed by government, due to coronavirus
FILE PHOTO: The logo of Brazilian planemaker Embraer SA is seen at the company’s headquarters in Sao Jose dos Campos,…
Six former eBay employees charged with cyberstalking Massachusetts couple
(Reuters) – Six former eBay Inc (EBAY.O) employees have been criminally charged with cyberstalking a Massachusetts couple who published an…
Heathrow starts voluntary redundancy scheme, can’t rule out more job losses
FILE PHOTO: A member of aircrew is seen wearing a protective face mask at Heathrow Airport, as Britain launches its…
Germany’s confirmed coronavirus cases rise 555 to 185,416, RKI says
FILE PHOTO: People stroll at the beach promenade, amid the coronavirus disease (COVID-19) outbreak, in Warnemuende, Germany, May 27, 2020.…
Men accused of helping ex-Nissan boss flee Japan challenge U.S. extradition case
BOSTON (Reuters) – Lawyers for the former Green Beret and son wanted by Japan for helping former Nissan Motor Co…
AstraZeneca approached Gilead about potential merger – Bloomberg News
LONDON (Reuters) – Britain’s AstraZeneca Plc (AZN.L) has approached U.S. rival Gilead Sciences Inc (GILD.O) about a possible merger that…
Poland reports daily jump in coronavirus cases, mostly among miners
WARSAW (Reuters) – A rapid growth of coronavirus infections among miners at Poland’s state-run coal producer JSW boosted the increase…
Brazil reports 904 new coronavirus deaths in 24 hours: health ministry
Brothers Carlos Alexandre and Wagner Cardninot, attend the burial of their father, 76- year-old Jose Herminio de Farias, who died…
Fujifilm says COVID-19 drug research may drag on into July
FILE PHOTO: Tablets of Avigan (generic name : Favipiravir), a drug approved as an anti-influenza drug in Japan and developed…
Shanghai Junshi Biosciences in human tests for coronavirus antibody drug
BEIJING (Reuters) – Shanghai Junshi Biosciences has started an early-stage study in China to test a potential antibody treatment against…
Facebook’s Zuckerberg promises a review of content policies after backlash
FILE PHOTO: Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing on Capitol Hill in…
Boeing takes Embraer to arbitration over failed aviation deal
FILE PHOTO: A Boeing logo is seen at the company’s facility in Everett, Washington, U.S. January 21, 2020. REUTERS/Lindsey Wasson/File…
AstraZeneca scores twin drug approvals alongside vaccine progress
(Reuters) – Britain’s AstraZeneca has clinched expanded regulatory backing for two medications, including one for blockbuster cancer treatment Lynparza, in…
Lufthansa accepts tweaked demands by Brussels over state bailout
BERLIN/FRANKFURT (Reuters) – Lufthansa’s management board has accepted a more favourable set of demands from the European Commission in exchange…
Jaguar seeks state loan as coronavirus pandemic takes toll: Sky News
Jaguar Land Rover unveils the new Jaguar F-Type model during its world premiere in Munich, Germany, December 2, 2019. REUTERS/Michaela…
EasyJet founder fails to oust management, proxy votes show
FILE PHOTO: An Easyjet plane takes off from Manchester Airport in Manchester, Britain January 20, 2020. REUTERS/Phil Noble/File Photo LONDON…
Expedia posts bigger quarterly loss as pandemic takes toll
FILE PHOTO: The logo of global online travel brand Expedia is pictured at the International Tourism Trade Fair (ITB) in…
Spotify new home for Joe Rogan’s podcast, shares jump
FILE PHOTO: A trader is reflected in a computer screen displaying the Spotify brand before the company begins selling as…
Thyssenkrupp CEO: no taboos in steel consolidation plans
FILE PHOTO: Martina Merz, CEO of German conglomerate Thyssenkrupp AG, gestures during the annual shareholders meeting in Bochum, Germany, January…
U.S. auto industry to begin reopening plants in recovery from pandemic
(Reuters) – The U.S. auto industry is slowly returning to life, with vehicle assembly plants scheduled to reopen on Monday…
U.S. Bankruptcy Court allows J.C. Penney to keep paying staff and vendors
(Reuters) – J.C. Penney Co Inc (JCP.N) said on Saturday a U.S. Bankruptcy Court will allow it to keep paying…
Temperature checks, masks the new normal for air travel, says Dubai airport CEO
DUBAI (Reuters) – Temperature screening and face masks will become common sights at airports to mitigate the spread of the…
Airbus examining restructuring including job cuts: sources
PARIS/TOULOUSE (Reuters) – Airbus (AIR.PA) is drawing up plans for a restructuring involving the possibility of “deep” job cuts as…
Occidental offering voluntary job buyouts, citing need for spending cuts: document
(Reuters) – Occidental Petroleum Corp (OXY.N) is offering its employees voluntary buyouts over the next two weeks, according to a…
WeWork directors seek to preserve right to sue owner SoftBank
(Reuters) – A special committee of WeWork board members filed a motion in Delaware on Monday to prevent it from…
Wall Street Week Ahead: U.S. data deluge to underscore divide between roaring market, plunging economy
NEW YORK (Reuters) – A week packed with U.S. economic data is likely to provide investors with more evidence of…
Green hydrogen’s time has come, say advocates eying post-pandemic world
LONDON (Reuters) – Hydrogen has long been touted as a clean alternative to fossil fuels. Now, as major economies prepare…
Uber sees rides recovering from coronavirus lows, banks on food-delivery momentum
(Reuters) – Uber Technologies Inc’s (UBER.N) ride service bookings slowly recovered in recent weeks as the company expects a coronavirus-related…
Michigan governor allows coronavirus-hit manufacturers to reopen on May 11
(Reuters) – Michigan Governor Gretchen Whitmer on Thursday said the state’s factories can reopen on May 11, removing one of…
Sinclair agrees to pay record-setting $48 million FCC civil penalty
WASHINGTON (Reuters) – Sinclair Broadcast Group (SBGI.O) has agreed to pay a $48 million fine to the Federal Communications Commission…
Tyson Foods to resume limited production at largest U.S. pork plant
FILE PHOTO: A Tyson Foods pork processing plant, temporarily closed due to an outbreak of the coronavirus disease (COVID-19), is…
EA sees full-year revenue above estimates as home-sheltering boosts gaming
(Reuters) – Video game publisher Electronic Arts Inc forecast full-year adjusted revenue above Wall Street estimates on Tuesday, riding on…
Qantas extends flight cancellations for two more months, raises more debt
FILE PHOTO: Workers can be seen near Qantas Airways, Australia’s national carrier, Boeing 737-800 aircraft on the tarmac at Adelaide…
J. Crew files for bankruptcy as preppy retailer succumbs to COVID-19 fallout
(Reuters) – J. Crew Group Inc filed for bankruptcy protection on Monday with a plan to hand over control to…
Roche gets FDA emergency use approval for COVID-19 antibody test
FILE PHOTO: The logo of Swiss drugmaker Roche is seen at its headquarters in Basel, Switzerland January 30, 2020. REUTERS/Arnd…
Tesla to extend furlough for some employees by another week: internal email
FILE PHOTO: A view of Tesla Inc’s U.S. vehicle factory in Fremont, California, U.S., March 18, 2020. REUTERS/Shannon Stapleton/File Photo…
Amazon’s second-quarter forecast weighed down by $4 billion in COVID-19 related costs, shares fall
FILE PHOTO: The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, April 22, 2020…
Tesla’s Elon Musk calling coronavirus lockdowns ‘fascist’ overshadows profitable quarter
(Reuters) – Tesla Inc’s (TSLA.O) outspoken CEO Elon Musk on Wednesday called sweeping U.S. stay-at-home restrictions to curtail the coronavirus…
Alphabet earnings drive futures higher ahead of GDP data
(Reuters) – U.S. stock index futures rose on Wednesday after Google-parent Alphabet reported upbeat quarterly results, while investors braced for…
UBS posts 40% first-quarter net profit rise as transaction levels jump
FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd Wiegmann ZURICH (Reuters)…
U.S. payroll protection program: What has changed in round two?
WASHINGTON (Reuters) – The Small Business Administration on Monday began allowing lenders to process $310 billion in funds for the…
Exclusive: Investors to challenge Neiman Marcus bankruptcy loan, push for sale – sources
(Reuters) – An investor group that comprises investment firm Mudrick Capital Management LP and Daniel Loeb’s hedge fund Third Point…
After betting its future on Boeing, jetmaker Embraer scrambles for elusive plan B
SAO PAULO/PARIS (Reuters) – Brazilian planemaker Embraer SA (EMBR3.SA) has been thrust into an uncertain future with no immediate plan…
Wall Street Week Ahead: Spotlight falls on ‘dividend aristocrats’ after market tumult
NEW YORK (Reuters) – Companies across a range of industries are slashing or suspending dividends to cope with the economic…
Proxy advisers recommend Boeing shareholders vote against key board members
(Reuters) – Two proxy advisers, Glass Lewis and Institutional Shareholder Services (ISS), have recommended that shareholders of Boeing Co (BA.N)…
Volkswagen pushes back possible restart of operations in Mexico
FILE PHOTO: Volkswagen Tiguan cars are pictured in a production line at company’s assembly plant in Puebla, Mexico, July 10,…
Bankruptcy looms over U.S. energy industry, from oil fields to pipelines
NEW YORK (Reuters) – U.S. shale producers, refiners and pipeline companies are scrambling for cash and face likely restructuring as…
Facebook to buy 10% stake in telco unit of India’s Reliance Industries for $5.7 billion
BENGALURU (Reuters) – Facebook (FB.O) will buy a 10% stake in the digital business of India’s Reliance Industries (RELI.NS) for…
Nissan to shut down global headquarters, other Japan facilities through mid-May due to virus
FILE PHOTO: Nissan Motor’s logo is pictured at its headquarters in Yokohama, Japan February 13, 2020. REUTERS/Kim Kyung-Hoon/File Photo TOKYO…
Spectacles group EssilorLuxottica to scrap dividend, cut costs
FILE PHOTO: Sunglasses from Ray Ban, a Luxottica owned brand, are on display at an optician shop in Hanau, Germany,…
Exclusive: Amazon deploys thermal cameras at warehouses to scan for fevers faster
(Reuters) – Amazon.com Inc has started to use thermal cameras at its warehouses to speed up screening for feverish workers…