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Home » Business » Page 585

The latest Business News.Online coverage of breaking news and current headlines from the US and around the world. Top stories, photos, videos, detailed analysis and in-depth…

OPEC+ likely to agree to cut production if U.S. joins effort: sources

04/06/2020 Comments Off on OPEC+ likely to agree to cut production if U.S. joins effort: sources

DUBAI/LONDON/MOSCOW (Reuters) – Major oil producers including Saudi Arabia and Russia are likely to agree to cut production at a Thursday meeting but only if the United States joins the

Business

Coronavirus muddies U.S. economic data as business closures push down response rates

04/06/2020 Comments Off on Coronavirus muddies U.S. economic data as business closures push down response rates

WASHINGTON (Reuters) – A near total closure of U.S. businesses as authorities try to control the spread of the novel coronavirus could make U.S. economic data unreliable in the coming

Business

NYSE eases listing requirements amid coronavirus market mayhem

04/06/2020 Comments Off on NYSE eases listing requirements amid coronavirus market mayhem

NEW YORK (Reuters) – The New York Stock Exchange has eased its listing requirements until the end of June to take the strain off companies that may have fallen out

Business

Luckin Coffee chairman defaults on loan, surrenders company shares

04/06/2020 Comments Off on Luckin Coffee chairman defaults on loan, surrenders company shares

HONG KONG/NEW YORK (Reuters) – Luckin Coffee (LK.O) Chairman Charles Zhengyao Lu and Chief Executive Jenny Zhiya Qian have handed over shares in the embattled Chinese coffee chain to lenders

Business

S&P 500 set to recover $1 trillion in value as virus deaths slow

04/06/2020 Comments Off on S&P 500 set to recover $1 trillion in value as virus deaths slow

(Reuters) – The S&P 500 was on track to recover about $1 trillion in market value in a furious rally on Monday after a drop in the daily death toll

Business

Michael Kors owner Capri furloughs all North America store staff

04/06/2020 Comments Off on Michael Kors owner Capri furloughs all North America store staff

(Reuters) – Michael Kors owner Capri Holdings Ltd (CPRI.N) said on Monday it would furlough all its 7,000 employees in North America amid the coronavirus pandemic, as it expects to

Business

Stocks jump as COVID deaths slow; oil falls on OPEC+ delay

04/06/2020 Comments Off on Stocks jump as COVID deaths slow; oil falls on OPEC+ delay

NEW YORK/LONDON (Reuters) – World stock markets jumped on Monday, encouraged by a slowdown in coronavirus-related deaths and new cases in some of the world’s hot spots, while a delay

Business

Zoom shares slip over security concerns, rising competition

04/06/2020 Comments Off on Zoom shares slip over security concerns, rising competition

(Reuters) – Shares of Zoom (ZM.O) fell 9% on Monday, adding to their sharp declines in the past few days, as the video conferencing app battles privacy concerns and increased

Business

Total among companies seeking force majeure on EDF contracts: sources

04/06/2020 Comments Off on Total among companies seeking force majeure on EDF contracts: sources

PARIS (Reuters) – Energy major Total (TOTF.PA) is among several power suppliers that tried to declare force majeure on buying nuclear power from EDF, sources said, as the coronavirus outbreak

Business

Futures jump on hopes of slowdown in coronavirus cases

04/06/2020 Comments Off on Futures jump on hopes of slowdown in coronavirus cases

(Reuters) – U.S. stock index futures jumped nearly 4% on Monday after President Donald Trump expressed hope that the coronavirus health crisis was “leveling-off” in some of the hardest-hit U.S.

Business

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