(Reuters) – U.S.-based Carlyle Group Inc has agreed to buy a 20% stake in India’s Piramal Enterprises Ltd’s pharmaceutical businesses for about $490 million, the…
Carlyle buys 20% stake in Piramal Pharma businesses
(Reuters) – U.S.-based Carlyle Group Inc has agreed to buy a 20% stake in India’s Piramal Enterprises Ltd’s pharmaceutical businesses for about $490 million, the…
Wall Street ends lower as coronavirus surge prompts renewed restrictions
NEW YORK (Reuters) – Wall Street’s major indexes tumbled more than 2% on Friday as several U.S. states imposed business restrictions in response to a…
Facebook will label newsworthy posts that break rules as ad boycott widens
(Reuters) – Facebook Inc said on Friday it will start labeling newsworthy content that violates the social media company’s policies, and label all posts and…
Nike plans to cut jobs in digital push
(Reuters) – Nike Inc (NKE.N) on Friday warned of job cuts as the world’s largest footwear maker ramps up efforts to sell directly to customers…
U.S. on track for economic rebound despite virus 'interruptions', Commerce secretary says
WASHINGTON (Reuters) – The U.S. economy is still on track for a strong rebound in the second half of the year, despite Texas’ decision to…
American Airlines warns flights may be more crowded in July
(Reuters) – American Airlines (AAL.O) said on Friday that it will no longer restrict the number of seats sold on flights beginning July 1, in…
U.S. consumer spending rebounds, falling income a threat
WASHINGTON (Reuters) – U.S. consumer spending rebounded by the most on record in May, but the gains are not likely to be sustainable, with income…
Tesco rebuked as shareholders vote down directors' pay report
LONDON (Reuters) – Shareholders decisively voted down Tesco’s remuneration report on Friday, as Britain’s largest retailer joined a growing list of big companies to be…
New York court subpoenas Etihad, Fitch in $1.2 billion debt battle
DUBAI (Reuters) – A New York court has sent subpoenas to Etihad and ratings agency Fitch this week seeking a document at the centre of…