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Updated: 11 min 33 sec ago

Air maintenance firms, manufacturers plan for $60 billion in lost sales

Thu, 06/18/2020 - 1:25am
Maintenance firms and spare parts producers who keep airplanes running are bracing for a decline of up to 75% in sales this year - and more pain to follow - as airlines park or retire thousands of aircraft due to the coronavirus pandemic.

Exclusive: Massive spying on users of Google's Chrome shows new security weakness

Thu, 06/18/2020 - 1:07am
A newly discovered spyware effort attacked users through 32 million downloads of extensions to Google's market-leading Chrome web browser, researchers at Awake Security told Reuters, highlighting the tech industry's failure to protect browsers as they are used more for email, payroll and other sensitive functions.

Oil prices fall as surge in coronavirus cases raises demand concerns

Thu, 06/18/2020 - 12:49am
Oil prices fell around 1% on Thursday as a spike in new coronavirus cases in China and the United States renewed fears that a recovery in fuel demand could stall, even as lockdowns ease.

U.S. weekly jobless claims remain high, second wave of layoffs blamed

Thu, 06/18/2020 - 12:06am
A second wave of layoffs amid weak demand and fractured supply chains is likely keeping new U.S. applications for unemployment benefits elevated, supporting views that the economy faces a long and difficult recovery from the COVID-19 recession.

Australian regulator says Google's $2.1 billion Fitbit deal could harm competition

Wed, 06/17/2020 - 11:37pm
Australia's antitrust regulator warned Google's planned $2.1 billion acquisition of fitness tracker maker Fitbit may give it too much of people's data, potentially hurting competition in health and online advertising markets.

Glass Lewis joins ISS in opposing Tesla chairwoman's re-election to board

Wed, 06/17/2020 - 11:02pm
Glass Lewis said on Thursday that it urged Tesla Inc investors to vote against re-electing Chairwoman Robyn Denholm to the company's board, making it the second proxy advisory firm to oppose her appointment.

Global stocks retreat on rising second wave fears

Wed, 06/17/2020 - 10:40pm
Asian stocks and Wall Street futures fell on Wednesday as spiking coronavirus cases in some U.S. states and China crushed hopes of a quick global economic comeback from the pandemic.

Dollar and yen gain on worries about virus and economic outlook

Wed, 06/17/2020 - 10:31pm
The dollar and the yen edged higher on Thursday as growing concerns about a rise in coronavirus cases underpinned safe-haven demand for both currencies.

Oil prices fall on demand concerns as coronavirus cases rise

Wed, 06/17/2020 - 10:05pm
Oil prices fell around 2% on Thursday as a spike in new coronavirus cases in China and the United States renewed fears that people would stay home, stalling a recovery in fuel demand even as lockdowns ease.

Google, Fitbit deal may hamper competition: Australian regulator

Wed, 06/17/2020 - 9:44pm
Australia's consumer watchdog said on Thursday it had concerns that Alphabet Inc-owned Google's planned $2.1 billion acquisition of fitness tracker company Fitbit may hinder competition in digital advertising and health markets.

Glass Lewis opposes Tesla chairwoman's re-election to Board: Bloomberg News

Wed, 06/17/2020 - 9:04pm
Proxy-adviser Glass Lewis has urged Tesla Inc investors to vote against re-electing chairwoman Robyn Denholm to the company's board due to an arrangement with Elon Musk that raises corporate governance concerns, Bloomberg reported on Wednesday.

Oil prices drop on demand worries as coronavirus cases rise

Wed, 06/17/2020 - 9:02pm
Oil prices fell more than 1% in early trade on Thursday as a spike in new coronavirus cases in China and the United States renewed fears that people would stay home and stall a recovery in fuel demand even as lockdowns ease.

Dollar holds advantage as anxiety grows over rise in coronavirus cases

Wed, 06/17/2020 - 8:52pm
The dollar held onto gains on Thursday as growing concerns about a rise in coronavirus cases underpinned safe-haven demand for the U.S. currency.

Asian stocks set to fall as Wall St snaps 3-day winning streak

Wed, 06/17/2020 - 8:32pm
Asian stocks were set to dip on Thursday after a choppy Wall Street session as spiking coronavirus cases and prospects of new lockdowns erased earlier confidence about a global economic recovery.

Ex-Morgan Stanley diversity officer says bank slashed her budget by 71%

Wed, 06/17/2020 - 6:58pm
A lawyer representing a former Morgan Stanley diversity officer who is suing the bank over racial discrimination said on Wednesday the bank cut her client's budget for promoting diversity and financial education by 71% from the time she started in wealth management to 2019.

Trump administration proposes rolling back protections for big tech

Wed, 06/17/2020 - 6:03pm
The U.S. Justice Department proposed on Wednesday that Congress take up legislation to curb protections big tech platforms like Alphabet's Google and Facebook have had for decades, a senior official said, following through on President Donald Trump's bid to crack down on tech giants.

Unemployment payments backlog draws hundreds to Kentucky's capital

Wed, 06/17/2020 - 5:39pm
Hundreds of people who lost jobs during the coronavirus crisis but have been unable to get their unemployment insurance checks converged at the Kentucky's Capitol in Frankfort early Wednesday to seek in-person help.

PepsiCo drops Aunt Jemima, criticized for racist history; Uncle Ben's, Mrs. Butterworth's under review

Wed, 06/17/2020 - 5:32pm
PepsiCo Inc said on Wednesday it will change the name and brand image of its Aunt Jemima pancake mix and syrup, dropping a mascot that has been criticized for a racist history, amid a national debate over racial inequality in the United States.

Google sets 2025 leadership diversity goal, ends 'tailgater' ID checks

Wed, 06/17/2020 - 5:01pm
Alphabet Inc's Google on Wednesday announced a new hiring goal and security policy to address racial issues at its offices, as protests over police brutality against African Americans have carried into discussions about corporate culture.

U.S. fines Copa Airlines $450K for transporting passengers between U.S., Venezuela

Wed, 06/17/2020 - 4:42pm
The U.S. Transportation Department said on Wednesday it had fined Panama's Copa Airlines $450,000 for unlawfully transporting passengers between the United States and Venezuela via a stopover point and ordered the airline to avoid future similar violations.

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