Reuters: Company News
Facebook Inc said on Thursday it took down posts and ads run by the re-election campaign of U.S. President Donald Trump for violating its policy against organized hate.
The U.S. hotel industry's occupancy rates have more than doubled from historic lows of just over 20% in April, with "drive-to" locations bouncing back faster than urban and airport stays, data analytics firm STR said in a report.
The S&P 500 closed nominally higher on Thursday as investors weighed a resurgence in coronavirus infections and the possibility of a new round of shutdowns as well as data that suggested the U.S. economy might not bounce back with quick, V-shaped recovery.
Bombardier's chief executive said on Thursday the Canadian company has held "well-advanced" talks with Alstom over remedies as it pursues regulatory approval for the sale of its rail division to the French giant.
U.S. stock funds shed $20.3 billion in the week ended Wednesday that included a sharp pullback from the rally off the lows hit in March during the worst of the global coronavirus panic, according to Lipper data.
Bankrupt Hertz Global Holdings Inc said on Thursday it terminated its plan to sell up to $500 million in new shares, a day after the U.S. Securities and Exchange Commission (SEC) raised objections to the sale.
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