 | | | | Verizon Communications Inc added more phone subscribers who pay a monthly bill than analysts expected, as demand for its services picked up during stay-at-home orders. | | | | | | Credit card issuer American Express Co reported an 85% slump in quarterly profit on Friday after it set aside nearly $628 million to prepare for a flood of potential defaults caused by coronavirus-led layoffs. | | | | | | Shares in cinema operators Cineworld and AMC fell on Friday after Disney delayed the release of "Mulan", the latest Hollywood tentpole to be pushed back as theatres remain largely shut because of the coronavirus crisis. | | | | | | U.S. investment bank Goldman Sachs has reached a $3.9 billion settlement with the Malaysian government over the multibillion-dollar 1MDB scandal, the two sides said on Friday. | | | | | | The collapse of German payments firm Wirecard has become a focal point for an overhaul of how the European Union regulates the finance industry as it evolves away from traditional banks towards fintech companies, its financial services chief said. | | | | | | Vodafone , the world's second biggest mobile operator, said on Friday it would list its European mobile masts business, newly named Vantage Towers, in Frankfurt in early 2021. | | | | | | U.S. insurers and brokers are starting to craft professional liability coverage for police officers, spurred on by signs that policymakers in some cities and states want to use a financial stick to curb police misconduct. They see a potential market opening up after a New York state lawmaker this month introduced legislation, which would require individual officers to carry liability coverage for lawsuits alleging excessive force, abuse or other misconduct. "I think we're in | | | | | | U.S. stock index futures fell on Friday following heightened tensions between the United States and China, and as Intel's shares slumped after reporting a delay in a developing new chip technology. | | | | | | A much-anticipated deep dive into antitrust allegations against four of America's largest tech companies and recommendations on how to tame their market power could be released by late summer or early fall from the House of Representatives Judiciary Committee's antitrust panel, senior committee aides said. | | | | | | Lawyers for Meng Wanzhou, the chief financial officer of Huawei Technologies, have applied to a Canadian court seeking stays in the proceedings for her extradition to the United States, documents released on Thursday showed. | | | | | |
