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…
Wall Street closes higher as Fed soothes recovery worries
NEW YORK (Reuters) – Wall Street closed higher on Monday following an announcement by the U.S. Federal Reserve regarding its…
Wall Street set to rise on swift economic rebound hopes
(Reuters) – The S&P 500 and the Dow Jones indexes were set to rise on Monday, building on last week’s…
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…
U.S. CDC reports 1,891,690 coronavirus cases
(Reuters) – The U.S. Centers for Disease Control and Prevention (CDC) on Saturday reported 1,891,690 cases of the new coronavirus,…
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…
Wall St. flat as recovery hopes offset U.S. protests, China tensions
(Reuters) – U.S. stocks struggled for direction on Monday as investors weighed prospects of a post-pandemic economic recovery against protests…
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…
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…
Wall Street rises as lockdowns ease, healthcare shares jump
(Reuters) – Wall Street’s main indexes gained on Tuesday as healthcare stocks rallied, oil prices surged and a number of…
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…
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…
CDC reports 1,031,659 coronavirus cases, 60,057 deaths
People wear masks as they walk past a closed beach during the outbreak of the coronavirus disease (COVID-19) in Del…
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…
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)…
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…
Walmart to hire 50,000 more workers in coronavirus-driven hiring spree
(Reuters) – Walmart Inc (WMT.N) said on Friday it would hire 50,000 more workers at its stores, clubs and distribution…
Honeywell renews $1.5 billion revolving credit agreement
FILE PHOTO – A logo of Honeywell is pictured on their booth during the European Business Aviation Convention & Exhibition…
Boeing supplier furloughs 2,300 employees on closure of Boeing facilities amid COVID-19
(Reuters) – U.S. aero parts maker Triumph Group Inc (TGI.N) said it was furloughing about 2,300 employees across its U.S.…
3M to boost U.S. production of respirator masks to 50 million as demand soars
(Reuters) – 3M Co expects to ramp up U.S. monthly production of N95 respirator masks to 50 million in June,…
Tesla plans to supply FDA-approved ventilators free of cost: Musk
FILE PHOTO: Tesla Inc CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, China…
U.S. FDA approves first rapid coronavirus test with 45 minutes detection time
FILE PHOTO: A computer image created by Nexu Science Communication together with Trinity College in Dublin, shows a model structurally…
SoftBank leads $265 million investments in two U.S.-based start-ups
(Reuters) – SoftBank on Monday led a new funding round of $165 million in California-based Karius and invested $100 million…
Pandemic fears grip Wall Street, Dow dives 800 points
(Reuters) – The Dow Jones Industrials fell more than 800 points and the S&P 500 as well as the Nasdaq…
SoftBank leads $165 million capital boost for liquid biopsy firm Karius
(Reuters) – SoftBank’s second Vision Fund has led a new $165 million funding round in California-based Karius, which markets a…
Futures plummet as investors dump stocks on fears of pandemic
(Reuters) – U.S. stock index futures tumbled on Monday as investors scurried to perceived safe-haven assets after a surge in…
U.S. flies 338 Americans home from cruise ship, including 14 with coronavirus
(Reuters) – More than 300 Americans who had been stuck on a cruise ship affected by the coronavirus were back…
GM shuts Australia, NZ operations; sells Thai plant to Great Wall
NEW YORK/BEIJING (Reuters) – General Motors Co (GM.N) said it would wind down its Australian and New Zealand operations and…
New York drops fight against T-Mobile-Sprint merger
NEW YORK (Reuters) – New York on Sunday dropped its fight against the $40 billion merger of U.S. wireless carriers…
Apple unlikely to meet revenue guidance due to coronavirus impact
(Reuters) – Apple Inc (AAPL.O) said on Monday it would not meet its revenue guidance for the March quarter because…
PG&E proposes board revamp in revised bankruptcy plan
FILE PHOTO – A PG&E truck carrying an American Flag drives past PG&E repair trucks in Paradise, California, U.S. November…
Apple to close all China mainland stores due to virus outbreak
FILE PHOTO: People wearing protective masks are seen in an Apple Store, as China is hit by an outbreak of…
Factbox: Latest China virus outbreak revives fears of 2003 SARS fallout
(Reuters) – The death toll from a flu-like virus in China climbed to six and new cases surged beyond 300…
CEO says Bank of America aims to ‘double’ its U.S. consumer market share: FT
FILE PHOTO: Bank of America CEO Brian Moynihan attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January…
Toyota completes $1.3 billion modernization project at Indiana facility
FILE PHOTO: A Toyota logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019.…
Wall Street hits new highs in strongest week since August
(Reuters) – Wall Street climbed to record highs on Friday, with major indexes turning in their strongest weekly gains since…
Best Buy starts investigation into CEO’s personal conduct
FILE PHOTO: A sign marks a Best Buy store in Salem, New Hampshire, U.S., November 25, 2019. REUTERS/Brian Snyder (Reuters)…
Morgan Stanley CEO Gorman’s total 2019 pay falls 7% to $27 million
FILE PHOTO: James P. Gorman, chairman & CEO of Morgan Stanley, testifies before a House Financial Services Committeeon Capitol Hill…
Bank of America quarterly profit falls 4%
FILE PHOTO: A Bank of America building is seen in Los Angeles, California, U.S., May 6, 2019. REUTERS/Lucy Nicholson (Reuters)…
UK tobacco shares rise on U.S. e-cigarette ban exemptions
(Reuters) – Shares in British American Tobacco (BATS.L) and Imperial Brands Plc (IMB.L) rose on Friday after the U.S. health…
Tim Hortons President Alex Macedo to leave next year
FILE PHOTO: A Tim Hortons logo is pictured in Montreal, Quebec, Canada, October 18, 2019. REUTERS/Carlo Allegri (Reuters) – Restaurant…
Prosecutors claim Avenatti was over $15 million in debt during alleged Nike extortion
(Reuters) – California attorney Michael Avenatti, known for representing porn actress Stormy Daniels in a lawsuit against U.S. President Donald…
Record online sales give U.S. holiday shopping season a boost: report
(Reuters) – U.S. shoppers spent more online during this year’s holiday shopping season, a report by Mastercard Inc (MA.N) showed…
Bristol-Myers wins $752 million in U.S. patent case against Gilead
FILE PHOTO: Logo of global biopharmaceutical company Bristol-Myers Squibb is pictured on the blouse of an employee in Le Passage,…
Biogen scraps development of therapy for rare brain disease
(Reuters) – Biogen Inc said on Friday it would discontinue the development of its experimental therapy for a rare brain…
Sarepta shares surge after surprise approval of Duchenne Muscular Dystrophy drug
(Reuters) – Shares of Sarepta Therapeutics Inc (SRPT.O) soared 36% on Friday after U.S. regulators shocked Wall Street by approving…
Bankrupt PG&E reaches $13.5 billion settlement with California wildfire victims
(Reuters) – California’s bankrupt power producer PG&E Corp (PCG.N) said on Friday it had reached a $13.5 billion settlement with…
Half of lymphoma patients alive three years after Gilead cell therapy treatment: study
(Reuters) – Nearly half of lymphoma patients treated with Gilead Sciences Inc’s Yescarta were alive at least three years after…
Proxy adviser ISS opposes plan by Hudson’s Bay chairman to take firm private
(Reuters) – Institutional Shareholder Services said on Friday it recommends shareholders vote against a plan by the chairman of Hudson’s…
Factbox: Alphabet’s ‘Other bets’ in focus as Google’s Pichai takes helm
(Reuters) – Google Chief Executive Officer Sundar Pichai will replace Larry Page as CEO of parent Alphabet Inc, heralding a…
BlackRock global active equities chief to leave firm over relationship with colleague
(Reuters) – Mark Wiseman, global head of active equities at BlackRock Inc (BLK.N), is leaving the firm following a violation…
Wall Street inches higher as Dec. 15 tariff deadline looms
NEW YORK (Reuters) – Wall Street eked out slight gains on Thursday as investors waited for concrete news on a…
Wall Street bides its time, awaiting news from trade front
NEW YORK (Reuters) – Wall Street was largely unchanged on Thursday as market participants stayed on the sidelines, awaiting further…