 | | | | Credit Suisse Group AG agreed to pay $15.5 million to settle a lawsuit accusing it of defrauding shareholders about its risk appetite and management before taking $1 billion of writedowns on souring debt, court filings on Friday show. | | | | | | U.S. stocks rose on Friday as a positive analysis on Gilead Sciences Inc's antiviral drug to treat COVID-19 helped to soothe investor worries over a record rise in coronavirus cases in the United States, and as financial shares surged. | | | | | | Florida confirmed its place as an emerging epicenter of the COVID pandemic in the United States on Friday by reporting its second sharpest daily rise in cases, while Walt Disney Co. prepared to reopen its flagship theme park in Orlando to the chagrin of some employees. | | | | | | The British government is expected to set a deadline of 2025 for removing equipment made by China's Huawei from the country's 5G telecoms networks, the Telegraph newspaper said on Friday. | | | | | | Global equity benchmarks edged higher after struggling for direction for most of the day and bond yields flat-lined on Friday as investors weighed a record number of new coronavirus cases in the United States against improving economic data in Europe and signs that Gilead Sciences Inc's remdesivir drug helped reduce the risk of death in severely-ill COVID-19 patients. | | | | | | Amazon.com is launching a new fleet of bigger, boxier trucks like those favored by rival package carriers United Parcel Service Inc and FedEx Corp , as it fights to fix widespread pandemic-fueled delivery delays that sent customers into the arms of competitors like Walmart Inc . | | | | | | 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 orchestrate former Nissan Motor Co Chairman Carlos Ghosn's escape from Japan. | | | | | | White House economic adviser Larry Kudlow said on Friday a further round of economic impact payments to Americans should focus on those who no longer have a job to return to, saying the next coronavirus relief bill should be "tighter" than previous efforts. | | | | | | The dollar slipped on Friday, as its safe-haven allure diminished, on hopes of a potential vaccine for the novel coronavirus that outweighed concerns about the surge in infections in the United States and around the world. | | | | | | Telecom Italia (TIM) excluded China's Huawei Technologies from a tender it launched this month for 5G equipment for the core network it is preparing to build in Italy and Brazil, two sources familiar with the matter said. | | | | | | Oil prices climbed more than 2% on Friday after the International Energy Agency (IEA) bumped up its 2020 demand forecast but record-breaking new coronavirus cases in the United States tempered expectations for a fast recovery in fuel consumption. | | | | | |
