US Business

Tankers ship Iranian fuel cargoes to U.S. for seizure - sources

06h08 Tankers carrying Iranian fuel cargoes covered by a U.S. warrant for seizure are sailing to the United States after talks between U.S. authorities and ship owners, a U.S. government source and a shipping source said. . .  Full story

A faltering U.S.-China trade deal is now the nations' strongest link

06h00 Top U.S. and Chinese trade officials are expected to recommit to a Phase 1 trade deal during a review on Saturday, even though China's promised purchases of U.S. exports are far behind schedule.. . .  Full story

Iranian fuel transferred to other ships for voyage to U.S. - U.S. govt source

05h43 Iranian fuel cargoes targeted by a U.S. warrant for seizure were transferred to other ships for transporting to U.S. waters, a U.S. government source said on Thursday.. . .  Full story

Corn set for biggest weekly gain since early July on U.S. storm damage

05h35 Chicago corn futures slid on Friday after four straight sessions of gains, but were poised for their biggest weekly rise in more than a month on concerns over storm damage in parts of the. . .  Full story

WeWork gets new $1.1 bln commitment from SoftBank, cuts burn rate

04h38 The owner of money-losing shared office provider WeWork told employees on Thursday it has slashed its cash burn rate almost in half from the end of last year and obtained a $1.1 billion commitment. . .  Full story

China launches anti-subsidy probe on polyphenylene ether imports from U.S.

04h24 China's commerce ministry said on Friday it has started an anti-subsidy probe into imports from the United States of polyphenylene ether, a polymer prized for its heat resistance and used in the automotive and. . .  Full story

China pushes First Capital merger in drive to take on Wall St - sources

03h50 China plans to merge domestic broker First Capital Securities with smaller rival Capital Securities, three sources said, underscoring Beijing's determination to consolidate the brokerage industry to take on the giants of Wall Street.. . .  Full story

Chinese firms flood into U.S. IPOs despite delisting threat

02h45 The U.S. government is threatening to delist Chinese companies that do not meet U.S. accounting standards, but mainland firms are rushing to offer their shares on New York exchanges, sometimes in blockbuster deals.. . .  Full story

Bumper U.S. debt issue draws lukewarm demand

01h28 The U.S. Treasury Department's biggest auction ever of 30-year bonds met weak demand on Thursday, as the market struggled to absorb debt aimed at supporting an economy hit by the coronavirus pandemic.. . .  Full story

U.S. seizes Iranian fuel cargoes for first time -WSJ

00h58 The U.S. government has for the first time seized vessels allegedly loaded with Iranian fuel in violation of sanctions imposed by the Trump administration, the Wall Street Journal reported on Thursday, citing U.S.. . .  Full story

Brazil's JBS, world's top meat-packer, posts better-than-expected results

00h48 Brazil's JBS SA on Thursday posted second-quarter net profits nearly twice as high as the average of analysts' estimates, buoyed by a strong performance in its beef and pork divisions in the United States and. . .  Full story

Impossible Foods raises $200 mln in fresh funding

00h32 Plant-based burger maker Impossible Foods said on Thursday it secured $200 million in funding, less than six months after it raised the largest investment ever for a food tech startup, bringing total funds raised. . .  Full story

Trump administration 'satisfied' with China purchase progress in Phase 1 trade deal -Kudlow

00h29 White House economic adviser Larry Kudlow on Thursday said the Trump administration is satisfied with China's progress in meeting commitments to purchase U.S. goods in a Phase 1 trade deal, signaling that the pact will. . .  Full story

Applied Materials signals improving chip demand with robust forecast

00h19 Applied Materials Inc forecast fourth-quarter revenue above analysts' estimates on Thursday as demand rebounds for semiconductor equipment and services from the coronavirus-driven slump, and predicted sustained spending into 2021.. . .  Full story

AutoZone to hire more than 20,000 U.S. employees

00h02 Automotive parts retailer AutoZone Inc said on Thursday it plans to hire more than 20,000 employees in the United States to meet growing demand from retail and commercial customers.. . .  Full story

Australian billionaire woos Canadians, hoping to build big coal mine in Rocky Mountains

13/08 Australian mining magnate Gina Rinehart's Hancock Prospecting Pty is hoping a charm offensive, from annual fundraising parties to local refurbishments at a golf course, will help overcome opposition to a massive new coal mine in. . .  Full story

Brazil's JBS reports Q2 results that beat analysts forecasts

13/08 Brazil-based JBS SA , the world's largest meat-packer, posted net profit of 3.378 billion reais ($629.3 million) in the second quarter, nearly doubling the average of analysts' estimates in a Refinitiv poll, according to an. . .  Full story

Two Republican senators ask U.S. FTC to investigate TikTok's data collection practices

13/08 Two U.S. Republican senators on Thursday asked the Federal Trade Commission for an investigation of video-sharing app TikTok's consumer data collection and processing practices.. . .  Full story

Former U.S. Fed Chair Yellen among those appearing at Biden economic briefing

13/08 Former Federal Reserve Chair Janet Yellen is among those who appeared at a briefing on the economy for U.S. Democratic presidential candidate Joe Biden, his campaign disclosed on Thursday.. . .  Full story

S&P 500 ends down slightly after flirting with record levels again

13/08 The S&P 500 ended slightly lower on Thursday after briefly trading above its record closing high level for a second day, and the Dow also fell in the wake of a disappointing forecast from. . .  Full story

Trump administration 'satisfied' with progress on China trade Phase One deal, Kudlow says

13/08 White House economic adviser Larry Kudlow on Thursday said the Trump administration is satified with progress on Phase One of the U.S. trade deal with China.. . .  Full story

Applied Materials forecasts current-quarter revenue above estimates

13/08 Applied Materials Inc forecast fourth-quarter revenue above analysts' estimates on Thursday, signaling a rebound in demand for semiconductor equipment and services from supply chain disruptions caused by the COVID-19 pandemic.. . .  Full story

Israel, UAE to normalise relations in shift in Mideast politics; West Bank annexations on hold

13/08 Israel and the United Arab Emirates announced on Thursday that they will normalise diplomatic ties and forge a broad new relationship, a move that reshapes the order of Middle East politics from. . .  Full story

Judge rejects Uber, Lyft bids to delay California driver injunction

13/08 A California judge on Thursday refused to give Uber Technologies Inc and Lyft Inc more time to appeal his decision forcing them to classify drivers in that state as employees, which they have said. . .  Full story

Yields jump after record 30-year auction sees weak demand

13/08 Benchmark U.S. Treasury yields surged to seven-week highs on Thursday after the Treasury sold a record amount of 30-year bonds to weak demand, the final sale of $112 billion in new coupon-bearing supply this. . .  Full story

U.S. equity funds post $5.6 billion weekly inflow - Lipper

13/08 U.S. equity, municipal and taxable bond funds posted inflows in the week ended on Wednesday, while money market fund saw outflows, according to Lipper.. . .  Full story

Iran official says UAE-Isreal deal will not secure regional peace - Tweet

13/08 The agreement between Israel and the United Arab Emirates will not secure peace in the region, tweeted a special adviser on international affairs to the speaker of Iran’s parliament, in reaction to a Thursday. . .  Full story

GRAINS-Corn, soy rally as exports, storm damage offset big crop outlook

13/08 Chicago corn prices surged to a four-week high on Thursday as forecasts of warmer weather and worries over recent storm damage in the U.S. Midwest countered pressure from huge government harvest forecasts.. . .  Full story

UBS's Bob McCann to step down from chairman Americas role later this year

13/08 UBS Group AG's Chairman for the Americas Bob McCann will step down later this year after a nearly 40-year-career that included stints leading U.S. brokerage operations for both UBS and Merrill Lynch, according to an. . .  Full story

Bridgewater hedge fund boosts gold ETF investment to over $1 billion

13/08 Hedge fund Bridgewater Associates raised its investment in gold-backed exchange-traded funds by a third in the second quarter, buying the equivalent of 170,000 ounces of gold worth $340 million at current prices, a regulatory filing. . .  Full story

Daimler agrees to U.S. diesel settlements worth nearly $3 billion

13/08 Daimler said on Thursday it has reached agreements costing nearly $3 billion to settle civil investigations by U.S. regulators and lawsuits from vehicle owners stemming from a long-running probe into software to cheat diesel emissions. . .  Full story

Wells Fargo's chief compliance officer quits -FT

13/08 Wells Fargo & Co's compliance chief is leaving after two years of trying to turn around the scandal-plagued bank's internal oversight and risk management functions, the Financial Times reported on Thursday, citing people familiar with. . .  Full story

Relief efforts should cushion economy in months ahead, White House report says

13/08 Increased transfer payments and expanded liquidity measures aimed at companies should help buffer U.S. households and businesses from the worst of the economic crisis unleashed by the coronavirus pandemic in coming months, the White House. . .  Full story

U.S. barring private charter flights to Cuba

13/08 The U.S. Department of Transportation said on Thursday it will suspend private charter flights to Cuba to increase U.S. economic pressure on the Cuban government.. . .  Full story

GRAPHIC-U.S. hits fiscal cliff with jobs, economic recovery in the balance

13/08 The U.S. push to fire up its economy in the middle of a pandemic remained stalled last week with signs the lapse of emergency unemployment benefits and business grants may have begun taking a. . .  Full story

SoftBank-backed KE Holdings shares surge in New York debut

13/08 Shares of SoftBank-backed KE Holdings Inc jumped 75% in their New York debut on Thursday, after the Chinese online real estate broker raised $2.12 billion in its initial public offering that was priced above. . .  Full story

White House's Kudlow sees single-digit unemployment in August, 'V' recovery

13/08 White House economic adviser Larry Kudlow on Thursday said he expects the U.S. unemployment rate to return to single-digit levels as early as this month and growth in the third quarter should be 20%. . .  Full story

U.S. weekly jobless claims fall below 1 million; labor market pain far from over

13/08 The number of Americans seeking unemployment benefits dropped below one million last week for the first time since the start of the COVID-19 pandemic in the United States, but that was likely as. . .  Full story

High-frequency data sources for tracking the U.S. pandemic economy

13/08 Policymakers, economists and investors are turning increasingly to so-called high-frequency data to get a more timely snapshot of the U.S. economy during the fast-moving coronavirus pandemic than traditional monthly and quarterly indicators can provide.. . .  Full story

China buys U.S. soybeans for seventh day in a row

13/08 The U.S. Agriculture Department on Thursday said Chinese buyers booked deals to buy 197,000 tonnes of U.S. soybeans, the seventh weekday in a row that the government has reported a sale to the world's. . .  Full story

U.S. federal contract ban takes effect for companies using products from Huawei, others

13/08 New regulations took effect on Thursday barring the U.S. government from buying goods or services from any company that uses products from five Chinese companies including Huawei Technologies, Hikvision and Dahua, a U.S. official said.. . .  Full story

AIG appoints David McElroy CEO for general insurance business

13/08 American International Group Inc on Thursday promoted David McElroy to the post of chief executive officer of general insurance and executive vice president with immediate effect.. . .  Full story

Beike owner KE open to secondary Hong Kong or mainland listing after U.S. IPO

13/08 KE Holdings, operator of housing platforms Beike Zhaofang and Lianjia, is open to a secondary listing in Hong Kong or mainland China, after raising around $2 billion on Thursday in the biggest U.S. IPO. . .  Full story

TSX edges lower as energy stocks weigh

13/08 Canada's main stock index fell on Thursday, weighed down by energy stocks as crude prices weakened after the International Energy Agency (IEA) cut its 2020 forecast for oil demand due to coronavirus-led travel restrictions.. . .  Full story

Thermo Fisher's Qiagen bid fails after target gets COVID testing boost

13/08 Thermo Fisher has walked away from its takeover deal with Qiagen after the German genetic testing specialist's earnings were boosted by coronavirus diagnostics, leaving its shareholders reluctant to cash out.. . .  Full story

U.S. petroleum inventories show gradual rebalancing: Kemp

13/08 U.S. petroleum inventories show clear signs of trending lower as consumption slowly recovers from the epidemic and lockdowns, while Saudi Arabia restricts production and directs volumes away from North America.. . .  Full story

Real estate trust NetSTREIT prices U.S. IPO below range

13/08 NetSTREIT Corp said on Thursday it had raised $225 million in its U.S. initial public offering after the real estate company sold fewer-than-expected shares at a price below its target range.. . .  Full story

Schoeller-Bleckmann swings to half-year loss on write-offs in North America

13/08 Austrian oilfield equipment producer Schoeller-Bleckmann (SBO) swung to a loss in the first half of 2020, burdened by write-offs on assets in North America.. . .  Full story

Spain says U.S. should waive tariffs on EU goods as wine, olives hit

13/08 The United States should waive tariffs imposed on European Union goods because the bloc abides by all World Trade Organization rules on planemaker Airbus , Spain's trade minister said on Thursday.. . .  Full story

Vroom reports smaller-than-expected loss in first post-IPO results (Aug. 12)

13/08 Vroom Inc reported a smaller-than-expected quarterly loss as it posted its first set of results since its blockbuster market debut in June.. . .  Full story

INSIGHT-How a Texas shale supplier's founders made fortunes as the firm failed

13/08 On July 7, the board of directors at Texas fracking sand supplier Hi-Crush granted nearly $3 million in bonuses to four top executives, including $1.35 million for CEO and founder Robert Rasmus.. . .  Full story

Roper Technologies to buy Vertafore for $5.35 bln

13/08 Roper Technologies Inc said on Thursday it would buy Vertafore Inc, a private equity-owned insurance software vendor, for about $5.35 billion, in what would be its largest takeover deal to date.. . .  Full story

Fatburger owner to buy Johnny Rockets burger chain

13/08 Fatburger owner Fat Brands Inc said on Thursday it would buy 1950s diner-style chain Johnny Rockets from private equity firm Sun Capital Partners Inc for about $25 million.. . .  Full story

A collapsing economy and a family feud pile pressure on Syria's Assad

13/08 In May, Syrian tycoon Rami Makhlouf, a cousin and long-time ally of President Bashar al-Assad, took a once unimaginable step.. . .  Full story

China hopes U.S. will create conditions to implement Phase 1 deal-commerce official

13/08 China hopes the United States will stop taking restrictive and discriminatory action against Chinese firms and create conditions for the implementation of a Phase 1 trade deal, Assistant Minister of Commerce Ren Hongbin said on. . .  Full story

French government to help SMEs with $3.5 bln recovery plan -FinMin

13/08 French Finance Minister Bruno Le Maire confirmed on Thursday that the government will set aside 3 billion euros ($3.55 billion)in aid for small- and medium-sized enterprises (SMEs).. . .  Full story

DoorDash faces injunction to reclassify some workers as employees

13/08 San Francisco's district attorney on Wednesday filed a preliminary injunction against food delivery firm DoorDash to reclassify its contractors as employees, days after a judge granted a similar request in a case against ride-hailing firms. . .  Full story

K+S gets 350 mln euro coronavirus loan, reports profit beat

13/08 German minerals miner K+S on Thursday said it had reached an agreement for a 350-million-euro ($412 million) loan to help it deal with the coronavirus crisis while reporting quarterly core profit above forecasts. . .  Full story

ByteDance in talks with India's Reliance for investment in TikTok - TechCrunch

13/08 China's ByteDance is in early talks with Reliance Industries Ltd for an investment in its video-based app TikTok's business in India, TechCrunch reported on Thursday, citing sources.. . .  Full story

Oil major Chevron invests in nuclear fusion startup Zap Energy

13/08 Oil major Chevron Corp said on Wednesday it is investing in Zap Energy Inc, joining Italy's ENI and Norwegian state oil company Equinor who have also backed nuclear fusion startups to reduce their carbon footprint.. . .  Full story

Wind and solar produced 10% of global electricity in H1 2020 – report

13/08 Wind turbines and solar panels produced a record 10% of the world’s electricity in the first half of 2020 as coal-power declined, but steeper change is needed to meet targets set under the 2015. . .  Full story

Fed policymakers say economic growth will be muted until virus contained

13/08 The U.S. economic recovery will be slow until the coronavirus is under control, and Americans will have to manage life with the virus for at least the next several months, three Federal Reserve policymakers. . .  Full story

Cisco's first-quarter forecast disappoints, shares fall

13/08 Cisco Systems Inc on Wednesday forecast first-quarter revenue and profit below Wall Street estimates and laid out a restructuring plan, as the coronavirus crisis forced. . .  Full story

Latest on worldwide coronavirus spread

12/08 The U.S. economic slowdown is likely to continue as more restrictions are put in place to control the epidemic, and Americans will have to learn to "live with" the virus for the rest of. . .  Full story

S&P 500 finishes within points of record high close

12/08 The S&P 500 jumped on Wednesday but finished just short of its February record closing high, in a broad rally led by tech-related stocks.. . .  Full story

-Chevron's interest in giant gas field led to $5 bln bid for Noble Energy

12/08 Chevron Corp's $5 billion offer to acquire Noble Energy emerged after the U.S. oil major first proposed taking a stake of at least 50% in Noble's Eastern Mediterranean natural-gas fields, a proxy filing on Tuesday. . .  Full story

United Airlines bets on Florida, adding dozens of flights a day starting November

12/08 United Airlines is adding up to 28 daily nonstop U.S. flights to Florida starting Nov. 6 as the Chicago-based airline bets on a rebound in leisure travelers heading to sunny skies.. . .  Full story

Corn, soybeans rise after USDA confirms massive U.S. crops

12/08 Chicago Board of Trade corn and soybean futures rose on Wednesday as short covering and position squaring emerged after the U.S. Department of Agriculture confirmed expectations for massive crops, traders said.. . .  Full story

Airbnb's quarterly revenue slumps; 2020 IPO plans still on- Bloomberg News

12/08 Short-term home rental company Airbnb Inc's quarterly revenue plunged 67% as fewer people traveled due to the COVID-19 pandemic, but its plans for a stock market debut before year's end are still on, Bloomberg. . .  Full story

Yields pare gains after strong demand for record 10-year auction

12/08 U.S. Treasury yields dipped from one-month highs on Wednesday after the Treasury saw good demand for a record $38 billion auction of 10-year notes, but they remained higher on the day ahead of a. . .  Full story

U.S. July deficit falls to $63 billion on delayed tax payments

12/08 The U.S. federal budget deficit fell to $63 billion in July, half the amount of a year earlier and down from $864 billion in June, as a delayed July 15 tax payment deadline boosted. . .  Full story

Business owners can sue insurer over coronavirus losses, Missouri judge rules

12/08 A federal judge in Missouri said on Wednesday a group of hair salons and restaurants can sue their insurance carrier for business interruption losses caused by the coronavirus pandemic, which they say caused a. . .  Full story

U.S. fuel inventories fall as demand rebounds - EIA

12/08 U.S. crude oil, gasoline and distillate inventories fell last week as refiners ramped up production and demand improved, a government report showed on Wednesday.. . .  Full story

U.S. farmers to harvest record large corn crop, second largest soy crop -USDA

12/08 U.S. farmers will reap their biggest corn harvest and their second biggest soybean harvest this fall as good summer weather shepherded the crops through key phases of development, the U.S. Agriculture Department said on Wednesday.. . .  Full story

Dallas Fed's Kaplan: U.S. recovery "muted" by virus resurgence

12/08 The U.S. recovery has been "muted" by the resurgence of the coronavirus in recent weeks and could mar improvement in the unemployment rate, Dallas Federal Reserve president Robert Kaplan said on Wednesday.. . .  Full story

Shares in Brazil's Linx, StoneCo fall after deal announced

12/08 Shares in Brazilian software firm Linx SA and card processor StoneCo both fell on Wednesday, erasing part of gains a day after StoneCo said it would buy Linx in a $1.12 billion deal.. . .  Full story

The U.S. push to extend U.N. arms embargo on Iran

12/08 The U.N. Security Council is preparing to vote this week on a U.S. proposal to extend an arms embargo on Iran, a move that some diplomats say is bound to fail and put an. . .  Full story

Fed's Rosengren says slowdown in economic activity likely to continue

12/08 The slowdown in economic activity is likely to continue as states put more restrictions in place to control the virus, and the momentum to return to full employment could fade as consumers remain cautious,. . .  Full story

U.S. consumer prices push higher; high unemployment likely to keep lid on inflation

12/08 U.S. consumer prices rose more than expected in July, with a measure of underlying inflation increasing by the most in 29-1/2 years amid broad gains in the costs of goods and services.. . .  Full story

Goldman Sachs, Barclays among bidders for GM's credit card business -WSJ

12/08 Goldman Sachs Group Inc is looking to buy General Motors Co's credit card unit as it looks to double down on its consumer banking arm, the Wall Street Journal reported on Wednesday, citing people. . .  Full story

TSX rises as energy stocks track oil price gains

12/08 Canada's main stock index opened higher on Wednesday as energy stocks tracked gains in oil prices, which rose on hopes for a recovery in demand due to a drop in U.S. crude inventories.. . .  Full story

Apax-backed insurance software firm Duck Creek raises IPO price range

12/08 Duck Creek Technologies Inc, a software company that serves the property and casualty (P&C) insurance market, on Wednesday raised the price range for its initial public offering (IPO) and expects to raise about $375 million.. . .  Full story

Off-price retailer Stein Mart files for Chapter 11 bankruptcy protection

12/08 Off-price retailer Stein Mart Inc filed for Chapter 11 bankruptcy protection on Wednesday, becoming the latest apparel seller to crumble under the economic stress caused by coronavirus-led lockdowns.. . .  Full story

Tesla woos retail investors with stock split, shares rise

12/08 Wall Street analysts praised Tesla Inc's move to split its richly valued stock into smaller chunks, saying it had the potential to extend a 200% rally in its shares this year by making it. . .  Full story

U.S. consumer prices accelerate in July

12/08 U.S. consumer prices increased more than expected in July, but high unemployment is likely to keep inflation under control, allowing the Federal Reserve to continue pumping money into the economy to aid the recovery from. . .  Full story

Pompeo says tide is turning against untrusted 5G networks

12/08 There is growing understanding among many countries that security issues must be taken into account when developing new-generation 5G communication networks, U.S. Secretary of State Mike Pompeo said on Wednesday.. . .  Full story

U.S. insurers' coronavirus costs are less than feared so far

12/08 The coronavirus pandemic dealt a relatively modest $2.5 billion blow to five insurers with large U.S. operations in the second quarter - a cost that was far less than feared and which the industry. . .  Full story

World reaction to Russia's COVID-19 vaccine

12/08 Russia's granting of regulatory approval to a COVID-19 vaccine after less than two months of human testing has prompted expressions of caution as well as interest from around the world.. . .  Full story

Apple supplier Foxconn's profit beats view, sees smartphone demand off lows

12/08 Foxconn, the world's largest contract electronics manufacturer, posted a better-than-expected quarterly profit and forecast its smartphones business would see sustained revenue weakness but at a slightly slower pace this quarter.. . .  Full story

Cathay forecasts weak passenger demand but stronger cargo after record loss

12/08 Hong Kong's Cathay Pacific Airways Ltd warned it did not expect a meaningful recovery in passenger demand for some time due to the coronavirus pandemic after posting a record first-half loss, but signalled a brighter. . .  Full story

U.S. companies should consider slave trade reparations -Vista Equity CEO

12/08 The COVID-19 pandemic has hit Black Americans especially hard after decades of social and economic injustices, but it also presents an opportunity for systemic change, said financier Robert Smith, the wealthiest African-American according to Forbes.. . .  Full story

Alibaba-backed Best to list delivery business in Hong Kong -sources

12/08 Alibaba-backed Best Inc is seeking a Hong Kong listing for its express delivery and freight delivery businesses, keen to boost its valuation and establish an investor base closer to China, said three sources with knowledge. . .  Full story

China says opposes any official U.S. ties with Taiwan under any pretext

12/08 China said on Wednesday it opposed any official U.S. ties with Taiwan under any pretext, after U.S. Health Secretary Alex Azar's visit to Taiwan.. . .  Full story

Freenet to pay down debt with Sunrise bonanza - CEO

12/08 Freenet is being richly rewarded for its bet on Swiss telecom Sunrise after backing Liberty Global's $7.4 billion takeover, and will use most proceeds to pay down debt, CEO Christoph Vilanek said.. . .  Full story

EU re-introduces maize import tariff with 5.48 euro/T levy

12/08 The European Union has re-introduced an import duty for maize (corn), setting a levy of 5.48 euros ($6.42) per tonne, the bloc announced in its official journal on Wednesday.. . .  Full story

Kodak raised spending on lobbying government in months before loan awarded

12/08 Eastman Kodak Co increased spending on lobbying the U.S. government in the months before the Trump administration announced a $765 million loan to the photographic equipment maker, public disclosures filed with the Congress show.. . .  Full story

Mexico's new warning labels on junk food meet supersized opposition from U.S., EU

12/08 The United States, European Union, Canada and Switzerland, home to some of the world's biggest food companies, have pressed Mexico to delay upcoming health warnings on processed food and drinks, a World Trade Organization document. . .  Full story

Card processor StoneCo to merge unit with Brazil's Linx

12/08 Card processor StoneCo Ltd said on Tuesday it would merge one of its units with Brazilian retail software company Linx SA.. . .  Full story

Tesla launches five-for-one stock split

11/08 Tesla Inc on Tuesday announced a five-for-one stock split, as the electric carmaker looks to make its shares more attractive to retail investors following a stunning rally this year.. . .  Full story

Monday storm impacts some 10 mln acres of Iowa farmland

11/08 Monday's Derecho storm potentially impacted some 10 million acres (4 million hectares) of Iowa farmland and millions of bushels of grain storage in the top U.S. corn growing state, Iowa Agriculture Secretary Mike Naig said. . .  Full story