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…
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…
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…
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…
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…
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…
Exclusive: Treasury wants warrants, repayment from major U.S. airlines on 30% of grant money – sources
(This April 10 story has been refiled to fix typo in ‘aid’ in paragraph nineteen.) FILE PHOTO: A flight attendant…
Warehouse workers risk COVID-19 to ship Gucci shades, face cream, sofas
(Reuters) – As U.S. authorities ordered shutdowns of non-essential businesses to fight coronavirus, retailer Nordstrom Inc closed hundreds of stores…
Exclusive: Hedge fund Third Point targets British insurer Prudential – sources
FILE PHOTO: A man walks past a Prudential sign outside offices in the City of London March 27, 2013. REUTERS/Luke…
Exclusive: Germany’s Stada buys 15 GSK consumer health brands
FRANKFURT (Reuters) – Private equity-backed generic drugmaker Stada STAGn.D said it has agreed to buy 15 consumer healthcare products from…
Exclusive: U.S. sees no material impact from virus on U.S.-China trade deal – for now
RIYADH (Reuters) – U.S. Treasury Secretary Steven Mnuchin told Reuters he does not expect the coronavirus outbreak to have a…
Exclusive: Juul halts Indonesia e-cigarette sales, throwing Asia expansion in doubt
(Reuters) – Juul Labs Inc is halting sales in Indonesia, citing concerns that it can’t stop retailers from selling its…
Boeing scours idle 737 MAX plant for industrial snags
SEATTLE (Reuters) – Insiders note an “eerie” calm at Boeing Co’s (BA.N) 737 MAX factory, formerly a bustling hub that…
Coronavirus could be knockout blow for Hong Kong’s once-thriving tourism, retail sectors
HONG KONG (Reuters) – Tom Bennell’s olive oil distribution business took a heavy beating during months of pro-democracy protests that…
Exclusive: Italian government leaning towards third term for Eni CEO – sources
ROME/MILAN (Reuters) – The Italian government is leaning toward reappointing Claudio Descalzi as CEO of state-controlled oil firm Eni, provided…
Exclusive: Apple dropped plan for encrypting backups after FBI complained – sources
SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O) dropped plans to let iPhone users fully encrypt backups of their devices in…
Drug developers take fresh aim at ‘guided-missile’ cancer drugs
FRANKFURT/ZURICH (Reuters) – Dozens of drugmakers are conducting human trials for a record 89 therapies that pair antibodies with toxic…
Exclusive: Hudson’s Bay Co’s take-private deal falls short in shareholder vote – sources
(Reuters) – Saks Fifth Avenue owner Hudson’s Bay Co (HBC.TO) has fallen short of securing enough shareholder support for a…
U.S. agency probes 12th Tesla crash tied to possible Autopilot use
TFILE PHOTO: he company logo is pictured on a Tesla Model X electric car in Berlin, Germany, November 13, 2019.…
Exclusive: China’s Dongfeng plans partial sale of PSA stake – sources
The logo of Dongfeng Motor Corp is pictured at the Auto China 2016 auto show in Beijing, China, April 26,…
U.S.-based chip-tech group moving to Switzerland over trade curb fears
SAN FRANCISCO/WASHINGTON (Reuters) – A U.S.-based foundation overseeing promising semiconductor technology developed with Pentagon support will soon move to Switzerland…
Exclusive: UniCredit clinches deal to cut exposure to Turkish lender Yapi Kredi – sources
ISTANBUL/LONDON/MILAN (Reuters) – UniCredit (CRDI.MI) has struck a deal to reduce its exposure to Turkey’s Yapi Kredi (YKBNK.IS), three sources…
Investors left exposed as Trump’s SEC gives America Inc helping hand
WASHINGTON (Reuters) – The United States’ top market cop is slowly taking the shackles off corporations. FILE PHOTO: FILE PHOTO:…
Johnson & Johnson CEO testified Baby Powder was safe 13 days before FDA bombshell
LOS ANGELES/NEW YORK (Reuters) – Facing off against a plaintiff’s lawyer for the first time about Johnson & Johnson’s Baby…
Southeast Asia’s mobile payments face shakeout as market booms
HO CHI MINH CITY/HONG KONG/SINGAPORE (Reuters) – Just next to Ho Chi Minh City’s financial district, two dozen street vendors’…
Exclusive: Regulators weigh ‘startle factors’ for Boeing 737 MAX pilot training – Transport Canada executive
MONTREAL/CHICAGO (Reuters) – Global regulators are looking at “startle factors” that can overwhelm pilots as they consider revised protocols for…
CVS drug coverage plan based on outside pricing review is off to a slow start
NEW YORK (Reuters) – A CVS Health Corp (CVS.N) health plan that uses an outside drug pricing group to help…
Exclusive: Boeing settles first Lion Air lawsuits for at least $1.2 million apiece – sources
CHICAGO/JAKARTA (Reuters) – Boeing Co (BA.N) has settled the first claims stemming from the crash of a Lion Air 737…
Hydrogen hurdles: a deadly blast hampers South Korea’s big fuel cell car bet
SEOUL (Reuters) – Aiming to cash in on a major push by South Korea to promote fuel cell vehicles, Sung…
Saudi attacks rattle shippers’ plan to switch fuels
LONDON/NEW YORK (Reuters) – Refinery outages in Saudi Arabia following weekend attacks on its oil facilities could deal a blow…
Exclusive: France’s CNP and Brazil’s Caixa close to reaching $1.7 billion insurance deal – sources
FILE PHOTO: A view shows the company logo of Caixa Economica Federal bank in downtown Rio de Janeiro August 20,…
Biotech is going to the dogs – and big profits await
(Reuters) – For Jessica Lescault there is no question that her 6-year old English bulldog “Moose” deserves cutting-edge biotechnology cancer…
Biotech is going to the dogs – and big profits await
(Reuters) – For Jessica Lescault there is no question that her 6-year old English bulldog “Moose” deserves cutting-edge biotechnology cancer…
Stockpiles of tomatoes? UK retailers bristle at demands of no-deal Brexit
LONDON (Reuters) – A British demand for supermarkets to prepare for a potentially chaotic no-deal Brexit by stockpiling food is…
Exclusive: U.S. congressional probe finds possible lapses in Deutsche Bank controls – sources
LONDON/NEW YORK (Reuters) – U.S. congressional investigators have identified possible failures in Deutsche Bank AG’s (DBKGn.D) money laundering controls in…
Exclusive: WeWork to press on with IPO launch despite valuation concerns – sources
(Reuters) – WeWork owner The We Company plans to proceed with an investor roadshow for its initial public offering (IPO)…
Inside drugmakers’ strategy to boost cancer medicines with ‘Lazarus effect’
(Reuters) – In the halls of MD Anderson Cancer Center, the drug Vitrakvi is known for having a “Lazarus effect”…
Japan’s curbs on high-tech materials exports to South Korea could backfire
TOKYO/SEOUL (Reuters) – Japan’s curbs on exports of high-tech materials to South Korea could backfire in the long run, eroding…
Exclusive: T. Rowe Price held talks with Guaido team on Venezuela PDVSA 2020 payment
CARACAS (Reuters) – T. Rowe Price has held informal talks with advisors of Venezuelan opposition leader Juan Guaido about financing…
As U.S. Treasuries sizzle, some bond investors brace for possible sell-off
NEW YORK (Reuters) – While there seems to be no end on the horizon to this year’s dramatic rally in…
Three U.S. bond kings wield same strategy, get same result: lag their peers
NEW YORK (Reuters) – Three names dominate the U.S. world of bond investing – Jeffrey Gundlach, Dan Ivascyn and Scott…
Exclusive: Third Point builds stake in Ray-Ban maker EssilorLuxottica – sources
(Reuters) – Third Point LLC, the U.S. hedge fund that has pushed for changes at companies ranging from Nestle SA…
No ready spark seen for lagging U.S. energy shares
NEW YORK (Reuters) – There may be little relief on the horizon for investors in U.S. energy companies, whose shares…
Exclusive: India proposes ban on e-cigarettes, with jail terms for offenders – government documents
NEW DELHI (Reuters) – India’s health ministry has proposed a ban on the production and import of electronic cigarettes, documents…
Exclusive: Daimler to make Mercedes Benz-branded heavy trucks in China – sources
SHANGHAI (Reuters) – German auto maker Daimler AG (DAIGn.DE) plans to build Mercedes Benz-branded heavy trucks in China by revamping…
Exclusive: Fearing data privacy issues, Google cuts some Android phone data for wireless carriers
NEW YORK/SAN FRANCISCO (Reuters) – Alphabet Inc’s Google has shut down a service it provided to wireless carriers globally that…
U.S. whiskey exporters struggle after year of EU tariffs
BRISTOL, Pa. (Reuters) – When Europe’s tariffs on U.S. whiskey hit in June 2018, craft distillery Mountain Laurel Spirits LLC…
Exclusive: U.S. set to give Huawei another 90 days to buy from American suppliers – sources
SINGAPORE/WASHINGTON (Reuters) – The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the…
U.S. surfboard makers not so stoked about China tariffs
LOS ANGELES (Reuters) – President Donald Trump’s decision to slap 10% tariffs on imported surfboards convinced surf executive Sue Bowers…
Exclusive: Fed’s Mester weighing argument for U.S. rate cut
CLEVELAND (Reuters) – One Federal Reserve policymaker who opposed the Fed’s recent rate cut is considering whether to support such…
ViacomCBS is just the beginning of Shari Redstone’s media deals
NEW YORK (Reuters) – More than two months before CBS Corp (CBS.N) and Viacom Inc (VIAB.O) succeeded at a third…
Exclusive: PSA, Dongfeng to drop two China auto plants, halve workforce – document
BEIJING/PARIS (Reuters) – Peugeot maker PSA Group (PEUP.PA) and partner Dongfeng Group (0489.HK) have agreed to cut thousands of jobs…
Patient groups push back against Gilead’s pricey HIV prevention treatment
LOS ANGELES (Reuters) – Gilead Sciences Inc (GILD.O) hopes to soon introduce a pricey new pill to prevent HIV in…
Drug industry urges Canada to act early on U.S. import plan
TORONTO (Reuters) – Canada’s main pharmaceutical lobby group has urged the government not to wait for drug shortages before responding…
Exclusive: White House preparing order that would cut drug prices for Medicare: sources
NEW YORK (Reuters) – U.S. President Donald Trump is considering a sweeping executive order that would cut prices on virtually…
Exclusive: Deutsche Bank’s problem derivatives cloud recovery – sources
NEW YORK (Reuters) – Deutsche Bank AG’s (DBKGn.DE) turnaround strategy rests in large part on shedding 288 billion euros of…
U.S. farmers look past trade fears to cash in on China’s hog crisis
WALCOTT, Iowa/LONDON (Reuters) – It might seem an unlikely time for U.S. farmers to look to China for more business…
Exclusive: WeWork to host Wall Street analyst day in IPO push – sources
NEW YORK (Reuters) – The We Company, parent of shared office space manager WeWork, plans to host an analyst day…