FILE PHOTO: A Microsoft logo is seen next to a cloud in Los Angeles, California, U.S. on June 14, 2016. REUTERS/Lucy Nicholson WARSAW (Reuters) – Microsoft will invest $1 billion in Poland as part of a plan that will involve opening a data centre in the country to provide cloud services to businesses and government
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(Reuters) – U.S. stocks ended higher on Monday as increases in large tech and internet companies and oil price gains outweighed concerns about the latest U.S.-China tensions and downbeat sentiment from the annual meeting of Warren Buffett’s Berkshire Hathaway. FILE PHOTO: The New York Stock Exchange (NYSE) is seen in the financial district of lower
(Reuters) – J. Crew Group Inc filed for bankruptcy protection on Monday with a plan to hand over control to lenders, adding to a list of brick-and-mortar retailers pushed to the brink by widespread store closures in response to the COVID-19 pandemic. FILE PHOTO: A customer walks into a clothing retailer J.Crew store in Manhattan,
(Reuters) – With the largest U.S. airlines now set to mandate – and provide – facial coverings for all passengers over the next two weeks, many are turning their focus to other measures to prevent the spread of the new coronavirus during air travel. FILE PHOTO: An airline pilot walks through Reagan National Airport during
FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett seen at the annual Berkshire shareholder shopping day in Omaha, Nebraska, U.S., May 3, 2019. REUTERS/Scott Morgan/File Photo (Reuters) – Berkshire Hathaway Inc (BRKa.N) has sold its entire stakes in the four largest U.S. airlines, Chairman Warren Buffett said Saturday at the company’s annual meeting. The conglomerate held
WASHINGTON (Reuters) – Eager to bolster the healthcare system during the coronavirus pandemic, the U.S. government last month sped $30 billion in stimulus payments to most healthcare providers that billed Medicare last year. FILE PHOTO: Oklahoma National Guardsmen wait to sanitize a residents room during a decontamination mission at a longterm care facility, amid the
FILE PHOTO: A view of Tesla Inc’s U.S. vehicle factory in Fremont, California, U.S., March 18, 2020. REUTERS/Shannon Stapleton/File Photo (Reuters) – Tesla Inc (TSLA.O) told furloughed employees on Friday that they will remain out of work for at least another week, postponing a plan to resume normal operations on May 4 at its San
SAN FRANCISCO/WASHINGTON (Reuters) – A half-hour staff meeting in a secure location. FILE PHOTO: U.S. Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus, during a news conference in Washington, U.S., March
LONDON (Reuters) – World stocks pulled back further on Friday on grim U.S. economic data, mixed company results and President Donald Trump’s threat to impose new tariffs on China over the coronavirus crisis. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville MSCI’s
(Reuters) – Apple Inc (AAPL.O) reported sales and profits that beat Wall Street expectations Thursday, with Chief Executive Officer Tim Cook saying China sales were “headed in the right direction” as that country reopens from the novel coronavirus. FILE PHOTO: The logo of U.S. technology company Apple is seen at a branch office in Basel,
PARIS (Reuters) – European planemaker Airbus (AIR.PA) is in talks with the French state regarding possible support for aircraft deliveries, even though it has no liquidity problems at present, Airbus Chief Executive Guillaume Faury said on Thursday. FILE PHOTO: The logo of Airbus is pictured at the aircraft builder’s headquarters of Airbus in Colomiers near
FILE PHOTO: A sign featuring Canopy Growth Corporation’s logo is pictured at their facility in Smiths Falls, Ontario, Canada, January 4, 2018 .Picture taken January 4, 2018. (Reuters) – Canadian pot producer Canopy Growth Corp (WEED.TO) said on Wednesday it would lay off 200 employees in North America and the UK, according to an internal
HONG KONG/LONDON (Reuters) – Standard Chartered PLC (STAN.L) on Wednesday said it expects its main markets to lead global economic recovery from the COVID-19 crisis as early as later this year, striking an optimistic note after increased bad loan provisions squashed quarterly profit. FILE PHOTO: A logo of Standard Chartered is displayed at its main
The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, U.S., April 26, 2020. REUTERS/Jeenah Moon NEW YORK (Reuters) – Wall Street’s major indexes lost ground on Tuesday as investors moved out of market-leading growth stocks, though a
LONDON (Reuters) – BP’s (BP.L) first-quarter profit tumbled by two thirds and its debt climbed to its highest in at least five years as the coronavirus crisis hammered oil demand, but the energy major kept its dividend despite warning of exceptional uncertainty. FILE PHOTO: The logo of BP is seen at a petrol station in
FRANKFURT (Reuters) – German carmaking giant Volkswagen (VOWG_p.DE) resumed production at its biggest factory on Monday as part of a broader industry drive to get back to work in Europe, where the coronavirus pandemic has hammered demand and pushed up inventory levels. Encouraged by a fall in infection rates, Germany has eased lockdown rules and