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Investors warm to Europe as Biden lead, virus fears rattle Wall Street

European stocks look poised to make up ground on Wall Street in the second half of 2020 as Joe Biden consolidates his lead over Donald Trump ahead of the November U.S. presidential election and a surge of new COVID-19 cases threatens the U.S. economic recovery.

Markets

Microsoft to close physical stores, take US$450 mln hit

Microsoft Corp said on Friday it would close its retail stores and take a related pretax asset impairment charge of US$450 million in the current quarter.

Markets

Nike plans to cut jobs in digital push

Nike Inc on Friday warned of job cuts as the world's largest footwear maker ramps up efforts to sell directly to customers through its online and retail channels.

Markets

Microsoft to permanently close its retail stores worldwide

SAN FRANCISCO: Microsoft said on Friday (Jun 26) it will close its stores around the world, moving its retail operations online and keeping only four locations that will be transformed into "experience centres." The move means the estimated 100 Microsoft stores closed due to the coronavirus ...

Markets

United Airlines to resume China flights in July

United Airlines said on Friday it would resume service to China, with two flights a week between San Francisco and Shanghai beginning July 8.

Markets

Boeing 737 MAX certification flight test expected soon

A key step to the return to service of the grounded Boeing 737 MAX could take place as soon as early next week, two people briefed on the matter said.

Markets

US consumer spending rebounds, falling income a threat

U.S. consumer spending rebounded sharply in May, but the gains are not likely to be sustainable, with income dropping and expected to decline further as millions lose their unemployment checks starting next month.

Markets

L’Oreal to drop words such as ‘whitening’ from skin products

L'Oreal, the world's biggest cosmetics company, has decided to remove words referring to "white", "fair" and "light" from its skin-evening products, a spokeswoman said on Friday.

Markets

American Airlines warns flights may be more crowded in July

American Airlines said on Friday it would stop limiting the number of seats it sells on each flight from July 1.

Markets

Canada’s top court rules in favor of Uber driver in gig economy case

Canada's Supreme Court on Friday ruled in favor of a driver for Uber Technologies Inc in a gig economy case that paves the way for a class action suit calling for drivers to be recognized as employees.

Markets

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