Stocks and oil rallied on Thursday after reports that U.S. congressional leaders may be willing to restart negotiations on stimulus for beleaguered businesses.
A day after Boeing Co received approval for its 737 MAX to fly again following a 20-month grounding, its two largest U.S. and European customers signaled caution on their order books as they monitor demand in the midst of the coronavirus pandemic.
A Canadian border official involved with the interrogation of Huawei Chief Financial Officer Meng Wanzhou ahead of her 2018 arrest told a court on Thursday she was a flight risk and had the resources to escape the country without reporting to authorities.
Tyson Foods Inc said on Thursday it suspended employees without pay and hired former U.S. Attorney General Eric Holder to conduct an investigation in response to a wrongful death lawsuit that alleges managers at an Iowa pork plant took bets on how many employees would catch COVID-19.
Verizon Media, a unit of Verizon Communications Inc , said on Thursday it would sell its news website HuffPost to BuzzFeed, in a deal that will make it a minority shareholder in the online media firm.
Apple Inc and Verizon Communications on Thursday announced a program in which Verizon will subsidize the replacement of corporate customers' entire fleet of smartphones with any of Apple's iPhone 12 models.
The most intense U.S. coronavirus outbreak yet appears to have slowed hiring and may have begun to drag on retail spending on the cusp of the holiday shopping season, even as overall economic activity proves more resilient than in the spring.
General Motors Co Chief Executive Mary Barra said the Detroit automaker is accelerating an "all out pursuit of global EV leadership," challenging electric vehicle leader Tesla Inc with increased spending and sped-up vehicle production targets.
ABB's clutch and transmission manufacturer Dodge had already attracted interest from potential bidders before the Swiss engineering group announced it was exiting the business, people familiar with the matter told Reuters on Thursday.
Congress has grilled social network boss Mark Zuckerberg six times in over two years. Yet U.S. lawmakers have failed to pass new rules on privacy, content moderation or antitrust. Gina Chon explains why his repeat performances highlight the ineffectiveness of legislators.
Wall Street's main indexes edged lower at the open on Thursday as soaring coronavirus cases and an unexpected rise in weekly jobless claims raised fears of stalling economic growth. But the Nasdaq later turned positive. Fred Katayama reports.
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