Commutee

Systemic racism slows economic growth: Dallas Fed chief Kaplan

June 14, 2020 by  
Filed under News

Systemic racism and high unemployment levels among black and Hispanic Americans create a drag on the U.S. economy, Dallas Federal Reserve President Robert Kaplan said on Sunday.


Source: Reuters Business News

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

June 14, 2020 by  
Filed under News

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, in some cases, changes in policies or practices long sought by critics. Here is a sampling:


Source: Reuters Business News

Wall Street Week Ahead: Investors bet bounce in value stocks will stick

June 13, 2020 by  
Filed under News

As the U.S. economy begins to emerge from the sharp slowdown during the coronavirus pandemic, some fund managers have been drawn to value stocks, a sector that underperformed during the recent rally.


Source: Reuters Business News

Amazon's business practices examined by two U.S. states

June 13, 2020 by  
Filed under News

State investigators in both California and Washington are examining Amazon’s business practices, two newspapers reported, citing people familiar with the matter.


Source: Reuters Business News

CVS joins Walmart in keeping multicultural beauty products out of locked cabinets

June 13, 2020 by  
Filed under News

Drugstore chain CVS Health Corp joined Walmart Inc in announcing it will stop keeping beauty and personal care products designed for people of color in locked display cases, after the practice drew criticism online.


Source: Reuters Business News

American Express JV gets final approval to launch operations in China

June 13, 2020 by  
Filed under News

China’s central bank has given the final nod to a network clearing license for an American Express joint venture, allowing it to be the first foreign credit card company to launch onshore operations in China.


Source: Reuters Business News

U.S. eases criminal record provision in coronavirus business loan program

June 12, 2020 by  
Filed under News

Federal authorities administering business payroll loans as part of U.S. coronavirus relief efforts on Friday eased rules prohibiting lending to business owners with criminal records, allowing some with no convictions in the past year to access funds.


Source: Reuters Business News

U.S. regulator sides with FCA in Jeep trade case against Mahindra

June 12, 2020 by  
Filed under News

A U.S. regulator ruled that India’s Mahindra and Mahindra Ltd infringed upon the intellectual property rights of Fiat Chrysler Automobiles NV’s (FCA) Jeep brand, barring the sale of the vehicles in question.


Source: Reuters Business News

Volkswagen, Audi on hold as Mexico's Puebla state not ready to reopen

June 12, 2020 by  
Filed under News

Mexico’s Puebla state, where German automaker Volkswagen and its luxury brand unit Audi have major plants, said it is not ready to reopen its automotive sector due to ongoing concerns about the spread of the coronavirus.


Source: Reuters Business News

Bankrupt car rental firm Hertz to offer up to $1 billion in shares

June 12, 2020 by  
Filed under News

Car rental firm Hertz Global Holdings Inc said it would sell up to $1 billion in shares, cashing in on a huge speculative rise in its share price since filing for bankruptcy late last month.


Source: Reuters Business News

« Previous PageNext Page »