Commutee

Credit Suisse's Rohner sees no big hit from oil & gas exposure: SRF

May 30, 2020 by  
Filed under News

Credit Suisse will not take a significant hit from its exposure to the battered oil and gas sector, Chairman Urs Rohner told Swiss state broadcaster SRF on Saturday.


Source: Reuters Business News

Lufthansa accepts tweaked demands by Brussels over state bailout

May 30, 2020 by  
Filed under News

Lufthansa’s management board has accepted a more favourable set of demands from the European Commission in exchange for approval of a 9 billion euro ($10 billion) government bailout, the carrier said on Saturday, paving the way for its rescue.


Source: Reuters Business News

Google postpones Android 11 unveiling amid U.S. protests

May 30, 2020 by  
Filed under News

Alphabet Inc’s Google on Saturday said it has postponed next week’s planned unveiling of the beta version of its latest Android 11 mobile operating system in light of protests and unrest in the United States.


Source: Reuters Business News

Exclusive: Zoom plans to roll out strong encryption for paying customers

May 29, 2020 by  
Filed under News

Video conferencing provider Zoom plans to strengthen encryption of video calls hosted by paying clients and institutions such as schools, but not by users of its free consumer accounts, a company official said on Friday.


Source: Reuters Business News

U.S. pipeline operator Energy Transfer warns of coming job cuts

May 29, 2020 by  
Filed under News

U.S. pipeline operator Energy Transfer LP will begin cutting about 6% of its workforce next week, underscoring the spreading impact of weak oil and gas prices on the energy business.


Source: Reuters Business News

Tencent in talks to buy Warner Music stake: WSJ

May 29, 2020 by  
Filed under News

Chinese internet giant Tencent Holdings Ltd is in talks to invest $200 million in Warner Music Group, ahead of the record company’s slated initial public offering next week, the Wall Street Journal reported https://www.wsj.com/articles/tencent-in-talks-to-buy-warner-music-stake-11590774885 on Friday.


Source: Reuters Business News

Morgan Stanley plans June return of some traders to New York headquarters: CNBC

May 29, 2020 by  
Filed under News

Morgan Stanley is planning to start getting some traders to return to its New York headquarters in mid- to late-June, CNBC reported on Friday, citing people with knowledge of the situation.


Source: Reuters Business News

Los Angeles union, joined by 'Pandemic Pig,' demands meatpacking plant closure

May 29, 2020 by  
Filed under News

The union representing workers at a meatpacking plant near Los Angeles where at least 153 employees have come down with COVID-19 called on Thursday for the plant’s immediate closure, saying measures to control the outbreak were not working.


Source: Reuters Business News

Oil mixed on U.S.-China tensions but heads for huge monthly rise

May 29, 2020 by  
Filed under News

Oil prices were mixed on Friday, but were closing out the month with strong gains, bolstered growing fuel demand even as investors worried about worsening Washington-Beijing relations.


Source: Reuters Business News

Coffee maker JDE Peet's IPO wrapped up in just 72 hours: sources

May 29, 2020 by  
Filed under News

It took just three days to sell shares in JDE Peet’s as investors facing a dearth of opportunities because of the coronavirus-induced slow-down rushed to secure a dose of the world’s No. 2 maker of packaged coffee.


Source: Reuters Business News

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