June 11, 2020

Wall Street hammered by fears of spurt in virus infections, economic worries

U.S. stocks slumped on Thursday with the Dow shedding over 5% and the index on track for its sharpest one-day decline since March 18, as investors […]
June 11, 2020

Stock market rally of hope pauses as virus worries mount

The reality that the coronavirus crisis is far from over is threatening a blistering equity market rally that had taken some world indexes to fresh highs. […]
June 11, 2020

Microsoft declines to sell facial recognition tech to police

Microsoft Corp said on Thursday it would not sell its facial-recognition technology to police departments until there is a federal law regulating the technology. Powered by […]
June 11, 2020

Apple will increase spending with black-owned suppliers as part of $100 million racial justice effort

Apple Inc Chief Executive Tim Cook said on Thursday the iPhone maker will increase spending with black-owned partners in its supply chain and seek to increase […]
June 11, 2020

Comcast, media mogul Byron Allen reach carriage deal

Comcast Corp said on Thursday it reached a content carriage deal with comedian-turned media mogul Byron Allen, who withdrew a lawsuit about racial bias against channels […]
June 11, 2020

Amazon may face EU antitrust charges over merchant data in coming weeks: source

Amazon may face EU antitrust charges in the coming weeks over its use of data from merchants with whom it competes on its platform, a person […]
June 11, 2020

Global stocks tumble, bonds rally on downbeat Fed outlook

Global equity markets fell sharply on Thursday in their worst sell-off since markets crashed in March, while safe-haven assets rose after the Federal Reserve’s sobering outlook […]
June 11, 2020

Nestle explores sale of Pure Life as part of water business review

Food giant Nestle said it is exploring a potential sale of part of its North American water business, including its well-known Pure Life brand, as it […]
June 11, 2020

Factbox: What changes are companies making in response to George Floyd protests?

The corporate response to a wave of protests over the treatment of African Americans has included pledges to increase diversity, donations to civil rights groups and, […]
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