Markets

The most intense US coronavirus outbreak yet appears to have slowed hiring and may have begun to drag on retail spending on the cusp of the holiday shopping season, even as overall economic activity proves more resilient than in the spring.

Amazon said on Thursday (Nov 19) it would postpone its "Black Friday" discount shopping sales in France to Dec 4, joining other retailers in delaying the event amid a nationwide lockdown slated to last until Dec 1. 

Verizon Media, a unit of Verizon Communications Inc , said on Thursday it would sell its news website HuffPost to BuzzFeed, in a deal that will make it a minority shareholder in the online media firm.

Tyson Foods Inc said on Thursday it suspended employees without pay and hired former U.S. Attorney General Eric Holder to conduct an investigation in response to a wrongful death lawsuit that alleges managers at an Iowa pork plant took bets on how many employees would catch COVID-19.

Apple Inc and Verizon Communications on Thursday announced a program in which Verizon will subsidize the replacement of corporate customers' entire fleet of smartphones with any of Apple's iPhone 12 models.

General Motors Co on Thursday stepped up its challenge to electric vehicle leader Tesla Inc, boosting planned spending on future electric models by 35per cent to more than US$27 billion and outlining plans to increase battery output to meet ramped-up vehicle production targets.

BERLIN: Urban mobility company Lime said on Thursday it had turned its first quarterly profit, as it launched a new e-scooter model amid signs that the market for socially distanced short-range travel is hotting up. The U.S. startup raised US$170 million (£128 million) at a reduced valuation in ......

REUTERS: Billionaire venture capitalist Peter Thiel has joined AbCellera Biologics Inc's board of directors, the Canadian antibody therapy developer said on Thursday. Thiel, who has backed several startups as they went public, is an existing investor in AbCellera. He joins the startup's board a ...

General Motors Co on Thursday stepped up its challenge to electric vehicle leader Tesla Inc , boosting planned spending on future electric models by 35per cent to more than US$27 billion and outlining plans to increase battery output to meet ramped-up vehicle production targets.

The number of Americans filing first-time claims for jobless benefits unexpectedly rose last week, likely as new business restrictions to control spiraling COVID-19 infections unleashed a fresh wave of layoffs, which could further slow the labor market recovery.