Category: Business

With the pandemic lasting longer than expected, more fiscal aid is needed to keep U.S. businesses and households afloat, Boston Federal Reserve President Eric Rosengren said on Wednesday. Some businesses that borrowed in the corporate bond market before the crisis Read more

Facebook, YouTube and Twitter have agreed on first steps to curb harmful content online, big advertisers announced on Wednesday, following boycotts of social media platforms they had accused of tolerating hate speech. Under the deal, announced by the World Federation Read more

Oil prices edged higher on Wednesday, supported by U.S. government data that showed crude and fuel inventories dropped last week, though concerns about the ongoing coronavirus pandemic capped gains. Brent crude LCOc1 rose 5 cents to settle at $41.77 a Read more

Walt Disney Co DIS.N on Wednesday postponed the release of superhero movie “Black Widow” and Steven Spielberg’s “West Side Story” until 2021, a setback to cinema operators hoping for a late-year surge in moviegoing. The films were among the biggest Read more

Playboy Enterprises is nearing a deal to go public through a merger with Mountain Crest Acquisition Corp MCAC.O, which would value the owner of Playboy magazine at around $425 million, including debt, people familiar with the matter said. A tie-up Read more

Delta Air Lines Inc DAL.N is in talks with Airbus SE AIR.PA to delay at least 40 aircraft deliveries scheduled for this year. Delta also plans to raise $750 million from a sale-leaseback deal for nine of the remaining Airbus Read more

The U.S. ambassador to Turkey said on Wednesday companies will consider abandoning its market if it fails to fully meet debt payments to American pharmaceutical firms, and he criticised a new Turkish law clamping down on big social media sites. Read more