Business News

(Reuters) – U.S. supermarket chain Kroger Co (KR.N) stopped short of raising its annual forecasts on Thursday, saying a coronavirus-driven surge in demand for essential goods was fading as American households reconsider what they have on their shelves. FILE PHOTO: Customers browse grocery store shelves inside Kroger Co.’s Ralphs supermarket amid fears of the global
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LONDON/TOKYO (Reuters) – Global stocks drifted on Thursday as spiking coronavirus cases in some U.S. states and China crushed hopes of a quick global economic comeback from the pandemic. FILE PHOTO: A street cleaning operative walks past the London Stock Exchange Group building in the City of London financial district, whilst British stocks tumble as
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WASHINGTON (Reuters) – A second wave of layoffs amid weak demand and fractured supply chains is likely keeping new U.S. applications for unemployment benefits elevated, supporting views that the economy faces a long and difficult recovery from the COVID-19 recession. People line up outside a temporary unemployment office established by the Kentucky Labor Cabinet at
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(Reuters) – The head of the Federal Aviation Administration, Steve Dickson, acknowledged on Wednesday that Boeing Co (BA.N) and the U.S. air safety agency both made mistakes on the 737 MAX jet, but rejected senators’ accusations the FAA was “stonewalling” probes after two fatal crashes. Federal Aviation Administration (FFA) Administrator Stephen Dickson testifies during a
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(Reuters) – Nissan’s chief operating officer Ashwani Gupta helped engineer the troubled automaker’s latest turnaround plan. Now his allies are pressing the board to promote him to co-CEO to drive the new strategy, said four people with direct knowledge. FILE PHOTO: Nissan Motor COO Ashwani Gupta speaks during a news conference at Nissan Motor headquarters
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LONDON (Reuters) – The dollar was little changed on Wednesday after U.S. retail sales rose more than expected in May, although caution kept investors from aggressively buying riskier currencies like the Australian dollar. FILE PHOTO: U.S. Dollar banknotes are seen in this photo illustration taken February 12, 2018. REUTERS/Jose Luis Gonzalez/Illustration/File Photo U.S. Federal Reserve
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SEATTLE/CHICAGO/TRURO, Mass. (Reuters) – U.S. senators introduced legislation on Tuesday that would strengthen FAA oversight of aircraft certification following fatal Boeing Co (BA.N) 737 MAX crashes, though a victim’s father said the bill, while a positive step, “still lacks teeth.” FILE PHOTO – Dozens of grounded Boeing 737 MAX aircraft are seen parked in an
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FILE PHOTO: Jelena McWilliams, chairman of the Federal Deposit Insurance Corporation, testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on “Oversight of Financial Regulators” on Capitol Hill in Washington, U.S., December 5, 2019. REUTERS/Erin Scott WASHINGTON (Reuters) – U.S. bank profits fell by 69.6% to $18.5 billion in the first quarter of
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LONDON (Reuters) – The global stocks rally was back on track on Tuesday, with more support from the Federal Reserve and the Bank of Japan helping end a bumpy few days for financial markets. FILE PHOTO: A man wearing a protective face mask walks past the London Stock Exchange Group building in the City of
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