Markets

U.S. small caps joined in the broad market rally in the days after Election Day as investors priced in the likelihood of a divided Washington with Democrat Joe Biden president and Republicans maintaining their Senate majority.

Southwest Airlines said on Friday it has sent furlough notices to 42 parts inventory workers after the union representing them refused to discuss pay cuts the airline argues it needs from all employees to offset US$1 billion in overstaffing costs.

The European Union is likely to impose tariffs on US$4 billion of U.S. imports next week after an award by the World Trade Organization in a dispute over subsidies for aircraft maker Boeing , EU diplomats said on Friday.

Fiat Chrysler and Peugeot maker PSA have won a green light from Brazil's competition watchdog for their planned US$38 billion merger, the regulator said.

European lawmakers said on Friday time was running out to put in place any new trade agreement between London and the European Union before the end of an 11-month transition period following Britain's departure from the bloc.

Bayer's CEO and two fellow executive board members purchased a collective 2.9 million euros (US$3.5 million) worth of the German drugmaker's shares after the stock was battered by billions in writedowns, litigation woes and a bleaker profit outlook.

The gap in unemployment rates between Blacks and whites in the United States narrowed in October for a second straight month, a sign the improving labor market is reaching more Americans even as COVID-19 cases and deaths continue to rise.

REUTERS: British videogame developer Codemasters Group Holdings said on Friday it had received a buyout offer from U.S.-based videogame publisher Take-Two Interactive Software Inc for 485 pence per share. Codemasters, which is known for its Formula One games for the Playstation 4, added that the ...

As U.S. election results started trickling in late Tuesday evening, hedge fund manager Eric Jackson stress-ate so much of his kids' Halloween candy that he felt compelled to buy a blood sugar monitor the next day.

CVS Health Corp Chief Executive Officer Larry Merlo will retire after a decade-long tenure at the helm of the company during which he led the US$69 billion acquisition of one of the oldest U.S. health insurer, Aetna.