Shares of U.S. banks dropped on Friday, with Wells Fargo's stock falling more than 6per cent and Goldman Sachs Group Inc down 7per cent, after the Federal Reserve capped dividend payments and barred share buybacks until at least the fourth quarter after its annual stress test.
Unilever PLC said on Friday it will stop advertising on Facebook, Instagram and Twitter in the United States for the rest of the year, citing "divisiveness and hate speech during this polarized election period in the U.S."
Austrian sensor producer AMS is poised to get the go-ahead from the European Union for its acquisition of German lighting group Osram , three people familiar with the matter said on Friday.
Shares of Albertsons Cos Inc reversed course in their U.S. market debut during early trading on Friday, after opening 3per cent lower than their initial public offering price.
Spirit AeroSystems Holdings Inc , a major jet parts maker struggling in the face of the ongoing Boeing Co 737 MAX grounding and COVID-19 pandemic, is extending furloughs for hundreds of 737 workers through August 14, the company said on Friday.
Customers of several British digital finance companies were unable to make payments or access their money on Friday after the collapse of German payments firm Wirecard caused disruption across borders.
Four major automakers will not take a position on legal challenges to the Trump administration's decision in March to dramatically weaken Obama-era fuel economy standards but want to weigh in on any court fix, according to a document seen by Reuters.
European stocks look poised to make up ground on Wall Street in the second half of 2020 as Joe Biden consolidates his lead over Donald Trump ahead of the November U.S. presidential election and a surge of new COVID-19 cases threatens the U.S. economic recovery.
Microsoft Corp said on Friday it would close its retail stores and take a related pretax asset impairment charge of US$450 million in the current quarter.
Nike Inc on Friday warned of job cuts as the world's largest footwear maker ramps up efforts to sell directly to customers through its online and retail channels.
