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Reuters: Business News

How Facebook thinks its independent oversight board should work
Facebook Inc recommended rules on Tuesday for how its independent oversight board will work and said a former human rights group director will lead the board's administrative staff.


POSTED JANUARY 28, 2020 2:04 PM
Oil edges up as stock markets rebound after virus-related selloff
Oil futures edged up on Tuesday after falling for five days, gaining support from a rebound in Wall Street stocks and talk that OPEC and its allies might tighten the market amid fears the coronavirus could weigh on oil demand.


POSTED JANUARY 28, 2020 2:02 PM
Countdown to recession: What an inverted yield curve means
NEW YORK - A dramatic rally in Treasuries this week led some key parts of the U.S. yield curve to reinvert, a signal that has traditionally been bearish for the U.S. economy.


POSTED JANUARY 28, 2020 1:52 PM
Freeport CEO 'looking forward' to deals once expansion projects done
Freeport-McMoran Inc , the world's largest publicly traded copper producer, would consider acquisitions, mergers or other deals once three ongoing expansion projects finish by 2022, Chief Executive Richard Adkerson said in an interview on Tuesday.


POSTED JANUARY 28, 2020 1:39 PM
United Airlines suspends some U.S. flights to China as demand drops over virus fears
United Airlines Holdings Inc said on Tuesday it was suspending some flights between the United States and Beijing, Hong Kong and Shanghai between Feb. 1 and Feb. 8 due to a "significant decline in demand" as the new coronavirus spreads.


POSTED JANUARY 28, 2020 1:33 PM
Defying Trump, UK's Johnson refuses to ban Huawei from 5G
Prime Minister Boris Johnson granted Huawei a limited role in Britain's 5G mobile network on Tuesday, frustrating a global attempt by the United States to exclude the Chinese telecoms giant from the West's next-generation communications.


POSTED JANUARY 28, 2020 1:31 PM
Trump, Britain's Johnson discussed 'telecommunications' after Huawei decision: White House
U.S. President Donald Trump and Britain's Prime Minister Boris Johnson "discussed critical regional and bilateral issues, including telecommunications security" in a conversation on Tuesday, White House spokesman Judd Deere said in a statement.


POSTED JANUARY 28, 2020 1:31 PM
3M forecasts 2020 profit below estimates on weak China demand
U.S. industrial giant 3M Co forecast 2020 profit below expectations after narrowly missing quarterly revenue estimates on Tuesday as weak demand from China dents overall growth.


POSTED JANUARY 28, 2020 1:17 PM
Centerview lures top French dealmakers to its new Paris hub: sources
U.S. boutique investment bank Centerview has found an office in the heart of Paris and is hiring senior bankers to establish a second European hub as Brexit looms, three sources told Reuters.


POSTED JANUARY 28, 2020 1:15 PM
McDonald's heats up breakfast war with new chicken sandwiches
McDonald's Corp will add chicken sandwiches to its breakfast menu at all of its U.S. restaurants, the world's largest burger chain said on Tuesday, to fend off competition from Chick-Fil-A and Popeyes Louisiana Kitchen .


POSTED JANUARY 28, 2020 1:14 PM

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