Global insurers want to increase investments in commercial warehouses as their stakes in office space become riskier because of employees working remotely during the novel coronavirus pandemic, Goldman Sachs Asset Management (GSAM) executives said.
U.S. passive equity funds have started to witness inflows after a two-month hiatus as investors flock to rising equity markets, but prefer shadowing indexes to picking stocks.
Apple Inc said on Thursday it was working with 10 additional historically Black universities and colleges to become "hubs" that will teach computer programming and app design skills in their regions.
Morgan Stanley posted a 45per cent rise in quarterly profit on Thursday, driven by strong trading gains as the coronavirus pandemic whipsawed global financial markets since March.
REUTERS: Britain's decision to ban China's Huawei Technologies from next-generation 5G telecom networks is the latest blow to the global leader in telecom equipment and could help lay the groundwork for broader changes in the industry. Ericsson of Sweden and Nokia of Norway are currently the only ...
American Airlines and JetBlue Airways said on Thursday they had agreed a strategic partnership to boost flying options in New York and Boston and create what executives called a "growth engine" to recover from the coronavirus pandemic.
EU competition regulators are seeking information from 400 companies to establish if there are problems in the market for voice assistants such as Alexa and Siri and other internet-connected devices that could lead to antitrust cases.
Johnson & Johnson reported a 35.3per cent fall in second-quarter profit on Thursday as demand for its medical devices was hammered by hospitals putting off non-urgent procedures such as knee and hip replacement due to the COVID-19 pandemic.
Shares of Twitter Inc dropped more than 4per cent in pre-market trading on Thursday, a day after hackers gained access to the social media company's internal systems to hijack accounts of several politicians, billionaires, celebrities and companies.
Nissan Motor Co is planning a 30per cent year-on-year cut in global vehicle production through December as falling demand due to the COVID-19 pandemic complicates its turnaround efforts, two sources with knowledge of the matter told Reuters.
