Reuters: Business News
|SoftBank Vision Fund head's pay doubled last year despite massive losses
(This May 29 story corrects Mizuho borrowing to 912 million, not 1.39 trillion yen, in paragraph 6 and borrowing from the three big Japanese banks to almost 2 trillion yen, not 2.45 trillion yen, in paragraph 7 after SoftBank issues corrected filing)
POSTED JUNE 01, 2020 8:57 PM
|Workers return to Mexico's border factories as auto sector reopens
Tens of thousands of workers lined up before dawn to return to work at automotive factories along Mexico's northern border on Monday, the first day that industries joined the country's list of essential activities beginning to reopen.
POSTED JUNE 01, 2020 8:47 PM
|Oil prices hold ground ahead of OPEC+ meeting on extended output cuts
Oil prices rose in early trade on Tuesday, with traders waiting to see whether major crude producers agree to extend their huge output cuts to shore up prices at a meeting expected later this week.
POSTED JUNE 01, 2020 8:39 PM
|U.S. court refuses to shield Volkswagen in diesel scandal lawsuits
A U.S. appeals court ruled on Monday that Volkswagen AG cannot escape potential financial penalties from two counties in Florida and Utah that may amount to a "staggering" additional liability arising from the German automaker's diesel emissions scandal.
POSTED JUNE 01, 2020 8:17 PM
|Stocks under pressure as Trump vows to end violent protests
Asian stocks were set to come under pressure on Tuesday following a dip in Wall Street futures as U.S. President Donald Trump vowed to use force to end violent protests in American cities, souring a previously upbeat market mood.
POSTED JUNE 01, 2020 8:02 PM
|Boeing takes Embraer to arbitration over failed aviation deal
Boeing Co has taken former partner Embraer SA to arbitration over a failed $4.2 billion deal, the Brazilian planemaker said in a securities filing on Monday night.
POSTED JUNE 01, 2020 7:07 PM
|Facebook staffers walk out saying Trump's posts should be reined in
Facebook employees walked away from their work-from-home desks on Monday and took to Twitter to accuse Chief Executive Mark Zuckerberg of inadequately policing U.S. President Donald Trump's posts as strictly as the rival platform has done.
POSTED JUNE 01, 2020 7:04 PM
|Facebook, Snapchat join chorus of companies condemning George Floyd death, racism
Facebook Inc and Snapchat developer Snap Inc became the latest U.S. companies condemning racial inequality in the United States as violent protests flared up across major cities over the death of George Floyd, an unarmed black man who died while in police custody in Minneapolis last week.
POSTED JUNE 01, 2020 6:54 PM
|Wall Street closes higher as recovery signs soothe protest, pandemic worries
U.S. stocks posted gains on Monday as signs of U.S. economic recovery helped offset jitters over increasingly violent social unrest amid an ongoing pandemic and rising U.S.-China tensions.
POSTED JUNE 01, 2020 6:32 PM
|Ryanair must face U.S. shareholder lawsuit over unionization comments
Ryanair Holdings Plc and Chief Executive Michael O'Leary failed to persuade a U.S. judge to dismiss a securities fraud lawsuit accusing Europe's largest budget airline of defrauding them by downplaying its willingness to recognize labor unions.
POSTED JUNE 01, 2020 6:20 PM