Tag: REUTERS Business

NEW DELHI (Reuters) – India’s government has petitioned a state court to stop any of the Chinese companies whose 59 apps it recently banned from obtaining an injunction to block the order, according to two sources and the legal filing. FILE PHOTO: Smartphone with Chinese applications is seen in front of a displayed Indian flag...

A man with a face mask walks by television screens outside the Nasdaq Market Site, after further cases of coronavirus were confirmed in New York, at Times Square in New York, U.S., March 9, 2020. REUTERS/Shannon Stapleton BEIJING (Reuters) – Chinese electric vehicle (EV) maker Li Auto Inc, backed by food delivery giant Meituan Dianping...

WASHINGTON (Reuters) – U.S. producer prices unexpectedly fell in June as rising costs for energy goods were offset by weakness in services, pointing to subdued inflation that should allow the Federal Reserve to keep pumping money into the economy to arrest a downward spiral. FILE PHOTO: A worker prepares boxes of free food for distribution...

(Reuters) – In the span of a few hours on Friday, Amazon.com Inc banned and then unbanned the TikTok video sharing app from employee mobile devices, calling the move a mistake. FILE PHOTO: A TikTok logo is displayed on a smartphone in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration The news generated widespread attention...

FILE PHOTO: U.S. Trade Representative Robert Lighthizer during a meeting in the Oval Office of the White House in Washington, U.S., September 16, 2019. REUTERS/Al Drago WASHINGTON (Reuters) – The Trump administration on Friday announced additional duties of 25% on French cosmetics, handbags and other imports valued at $1.3 billion in response to France’s digital...

(Reuters) – Microsoft Corp’s (MSFT.O) LinkedIn was sued by a New York-based iPhone user on Friday for allegedly reading and diverting users’ sensitive content from Apple Inc’s (AAPL.O) Universal Clipboard application. FILE PHOTO: The Apple Inc. logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S.,...

FILE PHOTO: The Tesla logo is seen on a car in Los Angeles, California, U.S., July 9, 2020. REUTERS/Lucy Nicholson (Reuters) – Tesla Inc will hold its annual shareholder meeting in person on Sept. 22 at its Fremont factory in California, the electric carmaker said on Friday. The company’s “Battery Day”, where it is expected...

FILE PHOTO: Traders wear masks as they work on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease (COVID-19) continues in the Manhattan borough of New York, U.S., May 27, 2020. REUTERS/Lucas Jackson 1/EUROPE: FINAL COUNTDOWN Southern European bonds and the euro have rallied hard in the two months...

(Reuters) – Goya Foods Inc, the largest Hispanic-owned U.S. food company and a popular brand among Latino Americans, became the target of a boycott campaign on social media on Friday sparked by its CEO effusively praising President Donald Trump at the White House. Goya products are pictured in the specialty food isle at a Ralphs...

LOS ANGELES/CHICAGO (Reuters) – Amazon.com (AMZN.O) is launching a new fleet of bigger, boxier trucks like those favored by rival package carriers United Parcel Service Inc (UPS.N) and FedEx Corp (FDX.N), as it fights to fix widespread pandemic-fueled delivery delays that sent customers into the arms of competitors like Walmart Inc (WMT.N). A new Amazon...

NEW YORK (Reuters) – Investors will watch next week’s earnings from BlackRock, the world’s largest asset manager, for a snapshot of how the industry performed during the second quarter’s dramatic rebound in global financial markets. FILE PHOTO: The Fearless Girl statue is seen outside the New York Stock Exchange (NYSE) in New York City, New...

FILE PHOTO: The logo of car manufacturer Fiat is seen in Zurich, Switzerland October 30, 2019. REUTERS/Arnd Wiegmann (Reuters) – Fiat Chrysler Automobiles NV (FCAU.N) said on Friday it would recall about 925,239 of its older model vehicles in the United States to replace air bag covers on their steering wheels after 14 potentially related...

FILE PHOTO: White House National Economic Council Director Larry Kudlow speaks during a “small business relief update” video conference call event with banking executives to discuss the U.S. government’s rescue program for businesses hurt by the coronavirus pandemic, in the Roosevelt Room at the White House in Washington, U.S., April 7, 2020. REUTERS/Kevin Lamarque WASHINGTON...

FILE PHOTO: Former Nissan chairman Carlos Ghosn attends a news conference at the Lebanese Press Syndicate in Beirut, Lebanon January 8, 2020. REUTERS/Mohamed Azakir BOSTON (Reuters) – A U.S. judge said on Friday two Massachusetts men pose too great of a risk of flight to be released on bail given “spectacular” allegations that they helped...

(Reuters) – Boeing is scrambling to shore up financing for the 737 MAX as it awaits regulatory approval for design changes after the plane was grounded following two fatal crashes, industry sources said. FILE PHOTO: A Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle, Washington, U.S. June 29, 2020....

(Reuters) – Lonza Group AG is in the “last step” of discussions with U.S. regulators for approval to claim that its formulation is effective in killing the novel Coronavirus on surfaces, an executive at the pharmaceutical and chemical giant told Reuters. FILE PHOTO: A Metropolitan Transportation Authority (MTA) staff uses a Lysol to clean a...

FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File Photo (Reuters) – The U.S. Federal Reserve added $1.33 billion in bonds of individual companies from June 22 to June 30, including iPhone maker Apple Inc(AAPL.O), beer-producer Anheuser-Busch (ABI.BR)and travel booker Expedia Group(EXPE.O). The bond purchases,...

FILE PHOTO: The logo for electric vehicle startup Rivian is seen on the hood of its new R1T all-electric truck in Mill Valley, California, U.S., January 25, 2020. REUTERS/Nathan Frandino (Reuters) – Electric vehicle startup Rivian, which is backed by Amazon (AMZN.O) and Ford Motor (F.N) and aims to put an electric pickup and SUV...

FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett seen at the annual Berkshire shareholder shopping day in Omaha, Nebraska, U.S., May 3, 2019. REUTERS/Scott Morgan (Reuters) – Berkshire Hathaway Inc (BRKa.N) has reduced its share count by 1.2% since April 23, a regulatory filing shows, suggesting that Chairman Warren Buffett might have become more aggressive in...

HONG KONG (Reuters) – Hong Kong’s highest-profile officials and business people paid their respects on Friday to Macau’s gambling king, Stanley Ho, who built a business empire from scratch in the former Portuguese colony and became one of Asia’s richest men. A photo of Macau gambling tycoon Stanley Ho is seen at his funeral reception,...