U.S. stocks dropped on Monday after a spike in new coronavirus cases in China and parts of the United States dampened hopes of a swift economic recovery that had driven a sharp rise in Wall Street's main indexes over the past month.
General Electric Co on Monday tapped the planemaking head of Brazil's Embraer to run its key aircraft engines division on Monday, as the global aviation industry grapples with disruption caused by the COVID-19 pandemic.
The London Stock Exchange will not offer concessions to EU antitrust regulators reviewing its $27 billion bid for data and analytics company Refinitiv, two people familiar with the matter said, a move which will likely trigger a four-month probe.
Amazon.com Inc Chief Executive Officer Jeff Bezos is willing to testify before a House antitrust investigation into the market power of major tech companies, the New York Times reported https://www.nytimes.com/2020/06/15/technology/amazon-jeff-bezos-congress.html on Monday, citing a lawyer for Amazon who wrote to lawmakers.
French couture house Givenchy, owned by luxury goods giant LVMH and known for once dressing Hollywood stars such as Audrey Hepburn, said on Monday it had named Matthew Williams as its new creative director.
Manufacturing activity in New York State stabilized unexpectedly in June after three months of broad weakness brought on by coronavirus-related business shutdowns, and companies' six-month outlook shot to a decade high, the New York Federal Reserve said on Monday.
Ruling against environmentalists, the U.S. Supreme Court on Monday decided that the federal government has the authority to allow a proposed $7.5 billion natural gas pipeline to cross under the popular Appalachian Trail in rural Virginia.
Hungary is ready to give financial support to Audi to help its manufacturing plant in the country run at full operating capacity, Prime Minister Viktor Orban was reported as saying on Monday as he visited the site.
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The lawmakers want big banks to provide "all formal or informal guidance" from the administration about PPP requirements, and the "prioritization or exclusion" of loan applicants in underserved or rural markets.
The U.S. will amend its prohibitions on U.S. companies doing business with China's Huawei to allow them to work together in standards settings for next generation 5G networks, according to people familiar with the matter.
The U.S. Federal Reserve announced Monday it was resuming its normal bank examination activities, after easing back at the outset of the coronavirus pandemic.
Amazon.com Inc Chief Executive Jeff Bezos is willing to testify to a congressional panel investigating potential violations of U.S. antitrust law by big technology companies, according to a letter from an attorney representing Amazon.
U.S. Treasury Secretary Steven Mnuchin said on Monday he would talk to Congress about proper oversight of $660 billion in small business economic relief, after previously resisting calls to reveal who received the funds.
The world's biggest asset manager BlackRock has pumped about 16 billion euros ($18 billion) into 810 European companies since the end of January, more than half of them in distress due to the coronavirus pandemic, a source with direct knowledge of the matter told Reuters.