A group of U.S. agencies on Friday asked the Federal Communications Commission (FCC) to reconsider its unanimous April 22 decision to allow Ligado Networks [MOSAV.UL] to deploy a low-power nationwide mobile broadband network, saying it could pose a threat to global positioning systems (GPS).
Stocks ended little changed Friday, as ongoing signs of the economic damage from the coronavirus pandemic compounded with fears of rising U.S.-China tensions. Still, the three major U.S. equity indices posted weekly advances of about 3%, with investors largely factoring in the fallout from the COVID-19 crisis into asset prices. …read more […]
A range of business groups have made an 11th-hour appeal to U.S. President Donald Trump as he weighs whether to restrict temporary work visas, warning of negative economic consequences if he blocks the flow of skilled foreign workers into the United States.
Venezuela’s Supreme Court on Friday ordered pay television service DirecTV to restore services in the South American country, after owner AT&T Inc said earlier this week it was shutting access due to U.S. sanctions. DirecTV was the country’s most popular television service, providing a range of foreign channels as alternatives to the country’s beleaguered local television industry that has been battered by a hyperinflationary economic crisis. U.S. sanctions meant to force President Nicolas Maduro from office prohibit companies from contracting with state agencies, but local Venezuelan laws require subscription services to carry channels run by the government. …read more […]
A group representing many major automakers on Friday backed the Trump administration’s decision to weaken Obama administration fuel efficiency standards but said it opposed further reductions in requirements.
CanSino Biologics, a Chinese vaccine company, announced on Friday that it saw strong, positive results from its phase one trials of a coronavirus vaccine, which it tested on 108 volunteers. Yahoo Finance’s Anjalee Khemlani joins The Final Round to break down the latest news about the coronavirus. …read more […]
Delta Air Lines Inc said https://news.delta.com/complimentary-care-kits-provide-delta-customers-travel-safety-essentials on Friday a care kit containing a disposable face mask and a Purell hand sanitizer gel will be available on request at ticket counters and gates by June 5.
Oil prices tumbled and global equity markets fell on Friday as China’s move to impose a new security law on Hong Kong further strained U.S.-China relations and clouded economic recovery prospects.
The U.S. Commerce Department said on Friday it was adding 33 Chinese companies and other institutions to an economic blacklist for human rights violations and to address U.S. national security concerns involving weapons of mass destruction and other military activities.
IBM told the Wall Street Journal it is laying off an undisclosed number of workers across the U.S. IBM representatives didn’t return numerous calls and emails Friday to confirm the job cuts, which were also reported by Bloomberg. The already-struggling tech giant’s new CEO Arvind Krishna warned investors last month of uncertainty caused by the COVID-19 pandemic, saying the company made a “tough decision” to withdraw revenue projections for the rest of 2020. …read more […]
Wall Street ended mixed on Friday in a mostly tame finish to a week of strong gains, as investors gauged China-U.S. tensions and amid ongoing uncertainty about the pace of economic recovery from the coronavirus.
The U.S. Commerce Department said on Friday it is adding 33 Chinese companies and other institutions to an economic blacklist for human rights violations and to address U.S. national security concerns involving weapons of mass destruction and other military activities.
Unemployment rates rose and total employment fell in all 50 U.S. states and the District of Columbia in April as efforts to contain the coronavirus pandemic forced businesses to close across the country, the Labor Department said on Friday.
Oil prices tumbled and global equity markets wavered on Friday as China’s move to impose a new security law on Hong Kong further strained U.S.-Sino relations and clouded economic recovery prospects.
Oil prices tumbled about 2% on Friday on rising U.S.-China tensions and doubts about how quickly fuel demand would recover from the coronavirus crisis.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
