The Dow and the Nasdaq hit record highs on Thursday in anticipation of President-elect Joe Biden's pandemic aid proposal to jump-start a struggling economy after data highlighted weakening labor market conditions.
Wells Fargo & Co is in exclusive talks to sell its asset management business, which manages more than US$607 billion on behalf of customers, to a private equity consortium led by GTCR LLC and Reverence Capital Partners LP, according to people familiar with the matter.
Toyota Motor Corp will settle a Justice Department civil probe into its delayed filing of emissions-related defect reports for US$180 million, sources briefed on the matter said.
NEW YORK: Tech firms SAP and IBM said on Thursday they had redrawn their human resources policies after last year's Black Lives Matter protests, improving recruitment and acting to address issues of race more openly in the workplace. Executives from the two companies told the Reuters Next ...
France on Thursday took a tough line against any takeover of retailer Carrefour by a foreign company, dealing a major blow to a near US$20 billion bid approach by Canada's Couche-Tard.
Samsung Electronics Co Ltd on Thursday unveiled the first Galaxy S smartphone with a stylus for on-screen work called the S Pen, more than a month ahead of its usual annual release schedule for models of its flagship compact phone.
Fitbit Inc has completed its merger with Alphabet Inc's Google, the companies said on Thursday.
WhatsApp's updated privacy policy verges on user surveillance and threatens India's security, a petition filed in an Indian court said on Thursday, presenting another legal challenge for the Facebook Inc-owned messenger.
The number of Americans filing first-time applications for unemployment benefits surged last week, confirming a weakening in labor market conditions as a worsening COVID-19 pandemic disrupts operations at restaurants and other businesses.
Tech giants including Microsoft Corp, Oracle Corp and healthcare companies Cigna Corp and Mayo Clinic are part of a coalition pushing for digital records of people who get vaccinated against COVID-19.
