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Mnuchin says US may take stakes in US energy companies

The Trump administration is considering taking stakes in U.S. energy companies as one possible option as it seeks to help the nation's oil and gas sector amid the coronavirus outbreak, U.S. Treasury Secretary Steven Mnuchin said on Friday.

Markets

US core capital goods orders post surprise gain in March

New orders for key US-made capital goods unexpectedly rose in March, but the gains are not likely to be sustainable amid the novel coronavirus outbreak, which has abruptly shut down the country and contributed to a collapse in crude oil prices.

Markets

French court backs workers in Amazon row over virus measures

A French court on Friday rejected Amazon's appeal against a ruling that restricts what it can deliver during the coronavirus crisis, handing a victory to unions which had criticised the US e-commerce giant's safety measures.

Markets

Apple, Google update coronavirus contact tracing tech ahead of launch

Apple Inc and Alphabet Inc's Google on Friday updated technical details of the coronavirus contact tracing system they plan to release next month, saying new features would strengthen privacy protections and give health authorities more detailed data.

Markets

Boeing-Embraer deal hits roadblock as deadline nears: Sources

A US$4.2 billion deal for Boeing to buy the civil jetmaking arm of Brazil's Embraer has hit a roadblock over implementation, leaving its fate uncertain unless a breakthrough can be found quickly, people familiar with the talks said.

Markets

GM’s mask operation: a glimpse into the factory of the coronavirus era

Before the coronavirus outbreak shut them down, U.S. auto factories were hectic workplaces where men and women worked side by side along fast-moving assembly lines, ate in crowded break areas, and jostled in and out of gates as they changed shifts.

Markets

US retailers offer purses, shoes ‘to go’ as restrictions ease

Several staffers at major retail chains, including J.C. Penney Co Inc and Saks Fifth Avenue, reported for duty at some Texas-based stores on Friday, selling merchandise "to-go" for orders placed online.

Markets

Ireland should consider forcing Google, Facebook to pay media for content: PM

The Irish government should consider copying Australia's plan to force Facebook Inc and Alphabet Inc's Google to share advertising revenue with local media, Prime Minister Leo Varadkar said on Friday.

Markets

Insurers feel the heat as chefs, Trump join calls for payouts

Daniel Duckett, owner of the Lazy Claire patisserie in Belfast, was hoping for an insurance payout of up to 100,000 pounds (US$123,460.00) to cover losses during the coronavirus lockdown. Now he fears for the future as he battles for the compensation.

Markets

AT&T announces John Stankey will become CEO on July 1

AT&T Inc said Friday that Chief Operating Officer John Stankey will take over as chief executive officer, effective July 1.

Markets

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