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Friday, 7 August 2020

WarnerMedia ousts top streaming executives as part of restructuring

WarnerMedia ousts top streaming executives as part of restructuring

WarnerMedia's Bob Greenblatt and Kevin Reilly, executives who oversaw its HBO Max streaming business, will leave as part of a restructuring, the company said on Friday.

Dollar gains, stocks ebb after jobs data halts rally

The dollar bounced off two-year lows and a gauge of global equity markets halted its march toward a record high on Friday, as better-than-expected U.S. jobs growth in July was tempered by the wrangles in Washington over a new stimulus bill.

Slowing job growth, stimulus worries weigh on Nasdaq

The Nasdaq closed lower on Friday, as data showed a sharp slowdown in U.S. employment growth and investors worried lawmakers would fail to agree on another fiscal stimulus bill to bolster the economy from a coronavirus-induced recession.

Canada to impose retaliatory tariffs on U.S. goods, hopes for resolution

Canada will slap retaliatory tariffs on C$3.6 billion ($2.7 billion) worth of U.S. aluminum products after the United States said it would impose punitive measures on Canadian aluminum imports, a senior official said on Friday.

Exclusive: FAA employees report industry pressure, question agency safety push in survey

Federal Aviation Administration (FAA) safety employees reported facing "strong" external pressure from industry and raised alarms the agency does not always prioritize air safety, according to an independent survey seen by Reuters on Friday.

Oil slips below $45/bbl on demand concerns but posts weekly rise

Oil prices fell nearly 2% on Friday, limiting their weekly gain due to concerns the global recovery could falter from a resurgence of coronavirus cases.

Exclusive: PDVSA changes oil deals to include shipping as sanctions bite - documents

Venezuelan state-run oil firm PDVSA has begun offering to ship its own oil, figuring in the costs in crude supply deals to help customers who have struggled to hire vessels to carry the country's oil due to U.S. sanctions, according to company documents seen by Reuters.

Delta wants at least 3,000 flight attendants to take unpaid leave

Delta Air Lines Inc will need at least 3,000 of its roughly 20,000 flight attendants to take unpaid leave of four to 12 months, or consider other options, to avoid involuntary furloughs, a person with knowledge of the matter said on Friday.

Uber rides take COVID-19 hit but food-delivery business doubles

(In Aug. 6 story, corrects Uber's ride-hailing segment revenue in U.S. and Canada as "declining to $1.25 billion," instead of "declining $1.25 billion," paragraph 12)

Exxon Baton Rouge refinery union to seek talks over 401K change: sources

The United Steelworkers union (USW) local representing workers at Exxon Mobil Corp's Baton Rouge, Louisiana, refinery and chemical plant are seeking talks with the company over the upcoming suspension of the employer contribution to their 401K plan, said sources familiar with the matter.

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