Business

WASHINGTON (Reuters) – Mother’s Day during the coronavirus pandemic meant an uptick in sales for Lee’s Flower and Card Shop in Washington, D.C. FILE PHOTO: Lee’s Flower Shop, one of the oldest businesses in D.C.’s U Street neighborhood, posts signs on its windows ahead of another night of protests against George Floyd’s death in Minneapolis

NEW YORK (Reuters) – The S&P 500 closed lower on Wednesday as news of spiking pandemic data and the prospect of a new round of economic lockdowns dampened investor optimism over signs of economic recovery. FILE PHOTO: Traders exit the 11 Wall St. door of the New York Stock Exchange (NYSE) in New York City,

LONDON (Reuters) – Oil fell on Wednesday on fears over fresh outbreaks of COVID-19, but prices drew some support from stimulus measures and positive tests of a drug that could save some critically ill patients. FILE PHOTO: A view shows railroad freight cars, including oil tanks, in Omsk, Russia May 1, 2020. Picture taken May

FILE PHOTO: Boeing 737 Max aircraft are parked in a parking lot at Boeing Field in this aerial photo over Seattle, Washington, U.S. June 11, 2020. REUTERS/Lindsey Wasson (Reuters) – U.S. FAA chief Steve Dickson will tell a Senate committee at a hearing on Wednesday that transparency is key to restoring public trust in the

(Reuters) – When the U.S. government announced a multibillion-dollar bailout of struggling small businesses amid the coronavirus pandemic, one of the top U.S. law firms sensed an opportunity. FILE PHOTO: Lawyer David Boies speaks to reporters outside the courthouse after a bail hearing in U.S. financier Jeffrey Epstein’s sex trafficking case in New York City,

NEW YORK (Reuters) – The Federal Reserve on Monday launched its Main Street Lending Program, the most complex program undertaken yet by the U.S. central bank to help keep the backbone of the economy from buckling under the strains of the coronavirus pandemic. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in

FRANKFURT (Reuters) – The number of publicly accessible charging points for electric vehicles (EV) jumped 60% in 2019, the biggest increase in three years and outpacing sales of battery-powered cars, according to the International Energy Agency (IEA). FILE PHOTO: A Tesla is charged at an electric car supercharger station in Los Angeles, California, U.S. August

FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan speaks at the Commonwealth Club in San Francisco, U.S., October 11, 2019. REUTERS/Ann Saphir WASHINGTON (Reuters) – Systemic racism and high unemployment levels among black and Hispanic Americans create a drag on the U.S. economy, Dallas Federal Reserve President Robert Kaplan said on Sunday. “A more

NEW YORK (Reuters) – As the U.S. economy begins to emerge from the sharp slowdown during the coronavirus pandemic, some fund managers have been drawn to value stocks, a sector that underperformed during the recent rally. FILE PHOTO: Pedestrians walk past the New York Stock Exchange as the building opens for the first time since

(Reuters) – The corporate response to a wave of protests over the treatment of African Americans has included pledges to increase diversity, donations to civil rights groups and, in some cases, changes in policies or practices long sought by critics. Here is a sampling: FILE PHOTO: Protesters rally against the death in Minneapolis police custody

FILE PHOTO: A logo of CVS Health is displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., December 5, 2017. REUTERS/Lucas Jackson (Reuters) – Drugstore chain CVS Health Corp joined Walmart Inc in announcing it will stop keeping beauty and personal care

FILE PHOTO: A man wearing a protective face mask walks inside Cidade Sao Paulo shopping mall, as malls reopen amid the coronavirus disease (COVID-19) outbreak, in Sao Paulo, Brazil, June 11, 2020. REUTERS/Amanda Perobelli SAO PAULO (Reuters) – Home rental firm Airbnb struck a partnership with Brazil’s Sao Paulo state to encourage tourism once the

(Reuters) – Microsoft Corp (MSFT.O) said on Thursday it would await federal regulation before selling facial recognition technology to police, making it the latest big firm to back away from the business following protests against law enforcement brutality and bias. FILE PHOTO: The Microsoft logo is pictured ahead of the Mobile World Congress in Barcelona,

SEOUL (Reuters) – An outside panel will weigh the validity of an investigation into Samsung Group heir Jay Y. Lee over a 2015 merger and alleged accounting fraud, the Seoul Central District Prosecutors’ Office said on Thursday. FILE PHOTO: Samsung Group heir Jay Y. Lee arrives for a court hearing to review a detention warrant

AMSTERDAM/NEW YORK (Reuters) – European food ordering firm Just Eat Takeaway.com NV said on Wednesday it had agreed to buy U.S. peer Grubhub Inc in an all-stock deal that, if completed, would create the world’s largest food delivery company outside China. FILE PHOTO: Signage for Just Eat is seen on the window of a restaurant