Markets

The Dow Jones Industrial Average clocked its fastest 10,000 point run up to cross 30,000 for the first time on Tuesday, giving the stock market a psychological boost at a time when the coronavirus pandemic has damaged the economy and left millions unemployed.

Home Depot Inc has reached a US$17.5 million settlement with most U.S. states to resolve an investigation into a 2014 data breach that compromised payment card information of approximately 40 million consumers, authorities said on Tuesday.

U.S. websites have seen a surge in travelers seeking expensive ironclad insurance this Thanksgiving, as Americans desperate to break the monotony of a year spent at home look to cover themselves against coronavirus-related risks.

The U.S. securities regulator on Tuesday proposed a pilot program to allow tech companies like Uber and Lyft to pay gig workers up to 15per cent of their annual compensation in equity rather than cash, a move it said was designed to reflect changes in the workforce.

Purdue Pharma LP pleaded guilty to criminal charges over the handling of its addictive prescription painkiller OxyContin, capping a deal with federal prosecutors to resolve an investigation into the drugmaker's role in the U.S. opioid crisis.

Enel's head said on Tuesday it could be the right time for the Italian utility to exit broadband operator Open Fiber as an offer by Australian fund Macquarie gives the group a big opportunity to monetise its investment.

The Dow Jones Industrial Average clocked its fastest 10,000 point run up to cross 30,000 for the first time on Tuesday, giving the stock market a psychological boost at a time when the coronavirus pandemic has damaged the economy and left millions unemployed.

Ford Motor Co said on Tuesday it has ordered a dozen ultra-cold freezers that can safely store Pfizer Inc's COVID-19 vaccine, a move aimed at ensuring the U.S. automaker's workers have access to vaccines when they are rolled out nationally.

The Office of the Comptroller of the Currency (OCC) on Tuesday fined JPMorgan Chase Bank US$250 million for the bank's failure to "maintain adequate internal controls and internal audit" over its fiduciary business.

REUTERS: The Dow Jones Industrial Average breached the 30,000-mark for the first time on Tuesday, as optimism that COVID-19 vaccines will open the way to economic recovery next year fueled Wall Street's rebound from a pandemic-driven crash this year. Global stock markets sank in February and ...