Business

Shares started out the week on a strong footing after the Standard & Poors 500 hit a fresh high on Friday, with strong robust from Japan and China fueling optimism over economic recoveries even as coronavirus caseloads surpass earlier records.

Months after bitter strike during a pandemic, Bath Iron Works managers and production workers are starting to get on the same page when it comes to catching up on the production schedule.

Italy's Treasury has asked financial and legal advisers to pitch for a role in the privatisation of Monte dei Paschi as it strives to secure a merger deal for the Tuscan lender, two sources familiar with the matter told Reuters on Friday.

Benchmark U.S. crude oil for December delivery fell 99 cents to $40.13 a barrel Friday. Brent crude oil for January delivery fell 75 cents to $42.78 a barrel.

General Motors is recalling nearly 69,000 Chevrolet Bolt electric cars worldwide because the batteries have caught fire in five of them.

Zambia will not pay an overdue Eurobond coupon before a 30day grace period expires, the finance minister told Reuters, setting the southern African copper producer on course to become the continent's first pandemicera sovereign default.

A smattering of highprofile Chinese debt defaults this week may give bullish foreign investors pause and likely dampen the debt sales outlook, bankers and analysts said, as a bond market selloff revived worries about flaky government support.

Walt Disney Co reported a smallerthanexpected drop in fourthquarter revenue on Thursday, as the company added new streaming customers and its theme parks reopened after the COVID19induced shutdowns, sending its shares up 5.4%.

The Trump administration on Thursday unveiled an executive order prohibiting U.S. investments in Chinese firms that Washington says are owned or controlled by the Chinese military, ramping up pressure on Beijing after the U.S. election.

The United States should increase enforcement of antitrust laws as part of a general attack on social ills, Bill Baer, who is on Presidentelect Joe Biden's transition team for the Federal Trade Commission (FTC), said on Thursday.

The number of Americans filing new claims for unemployment benefits fell to a sevenmonth low last week, but the pace of decline has slowed and further improvement could be limited by a raging COVID19 pandemic and lack of additional fiscal stimulus.

Pakistan is in talks with Tethyan Copper to settle a $5.8 billion dispute around the Reko Diq copper project, two senior Pakistani officials told Reuters on Thursday.

The explosive surge in U.S. coronavirus cases this fall has left a question hanging: When will the economy take its own turn for the worse?

Primary care provider Cano Health will receive a nearly $1.5 billion infusion as investors push deeper into a growing form of care delivered to Medicare Advantage patients.

The number of Americans filing new claims for unemployment benefits fell to a sevenmonth low last week, but the pace of decline has slowed and further improvement could be limited by a raging COVID19 pandemic and lack of additional fiscal stimulus.

Boeing Co on Thursday raised its rolling forecast for China's aircraft demand for the next 20 years, making the country a bright spot in the aviation market even as COVID19 decimates global deliveries over the next few years.