business and finance

UPDATE 1-Pfizer to outsource some drug production, focus on coronavirus vaccine

Pfizer Inc said on Friday it is in talks to shift more of its medicine production to outside contractors as it prepares for large-scale production of an experimental vaccine to prevent COVID-19, should it prove safe and effective.




business and finance

BRIEF-Eli Lilly Receives U.S. FDA Approval For Retevmo

* LILLY RECEIVES U.S. FDA APPROVAL FOR RETEVMO™ (SELPERCATINIB), THE FIRST THERAPY SPECIFICALLY FOR PATIENTS WITH ADVANCED RET-DRIVEN LUNG AND THYROID CANCERS




business and finance

Bankruptcy court approves Neiman Marcus' plea to access financing

U.S. luxury department store chain Neiman Marcus Group said on Friday it received court approval to access $675 million of its debtor-in-possession financing, which will allow continuity of the company's business during Chapter 11 bankruptcy proceedings and enable it to pay employees and vendors.




business and finance

EU Commission calls for state guarantees for vouchers for cancelled travel

The European Commission will tell countries in the European Union to provide state guarantees for travel vouchers during the coronavirus pandemic, if they prefer people to accept the vouchers instead of cash refunds, according to a strategy document seen by Reuters.




business and finance

Nearly 90 coronavirus cases reported at Polyus unit in Siberia

Nearly 90 cases of the novel coronavirus have been recorded among employees of Polyus Krasnoyarsk, a unit of Russia's largest gold producer Polyus , the regional branch of Russia's consumer health watchdog said on Saturday.




business and finance

UPDATE 1-"Europe needs a break": EU plots to restart travel and tourism despite COVID

* Tourism, travel, hospitality business hit the hardest by COVID




business and finance

UPDATE 1-Britain to quarantine travellers for 14 days, UK airlines association says

* Airports say it could be devastating for aviation industry (Adds details, changes sourcing)




business and finance

Protesters demand closure of LG Polymers plant in India after toxic gas leak

Villagers placed the bodies of three victims of a deadly gas leak from an LG Polymers plant in southern India at the gates of the site on Saturday, and demanded the factory be shut down immediately and its top management arrested.




business and finance

REFILE-South Africa suspends use of Land Bank debt as collateral after default

South Africa's central bank has temporarily prohibited the use of debt issued by the Land Bank as collateral after the state agricultural lender was downgraded deeper into junk status and missed $2.7 billion in loan repayments.




business and finance

U.S. FDA grants emergency use authorization to Quidel for first antigen test for COVID-19

The U.S. Food and Drug Administration (FDA) on Saturday approved emergency use authorization (EUA) to Quidel Corp for the first COVID-19 antigen test.




business and finance

Mark Levinson Introduces № 5105 Turntable at CES 2020

Las Vegas, Nev. — HARMAN International, a wholly-owned subsidiary of Samsung Electronics Co., Ltd. focused on connected technologies for automotive, consumer and enterprise markets, is introducing the Mark Levinson № 5105 Turntable at CES 2020. The №...




business and finance

Alibaba details biggest market debut in history

Chinese e-commerce company Alibaba set the stage for the biggest IPO ever as it looks to raise $21 billion sometime in September. Conway G. Gittens reports.




business and finance

London tops global ambition league with Crossrail – Chairman

Roman skulls and ancient burial grounds – some of the history unearthed by Europe’s largest infrastructure project. We talk to chairman Terry Morgan as the project makes its final tunnel push.




business and finance

Market Mover: easyJet volatile as profits jump

The low-cost carrier’s shares have a choppy morning as it reports a solid jump in annual profits and a 35% hike in its dividend.




business and finance

Travel misery as Lufthansa pilots strike again

German flagship carrier Lufthansa cancels nearly half of scheduled services as pilots continue two-day strike, their ninth walkout this year




business and finance

Stocks rebound helped by bank rally

Stocks moved higher in Thursdays trading session; Retail sales fell for the third straight month; Houshold net worth hit a new record. Bobbi Rebell reports.




business and finance

Japan's maglev train smashes world speed record

Central Japan Railways says its magnetically levitating train has broken its previous world speed record in a test-run at a special track West of Tokyo. Rob Muir reports.




business and finance

Connectivity for pilots, passengers on display at Paris Airshow

Ground-breaking aviation technology is on display at this week's Paris Airshow. Jim Drury went to take a look.




business and finance

Robots run the show at Japanese hotel

Robots welcome guests at the check-in counter, carry baggage and operate a locker room at a Japanese amusement park hotel. Sharon Reich reports




business and finance

Inflatable maze enchants visitors in Geneva

An inflatable luminous maze called the 'Luminarium Arboria' proves to be a relaxing summer activity in Geneva. Rough Cut (no reporter narration).




business and finance

Oktoberfest: Bavarian costumes, bands and beer

Thousands of Oktoberfest visitors attend the traditional parade of people in Bavarian costumes that marks the second day of the rowdy party. Sharon Reich reports.




business and finance

Southwest flights delayed by online booking glitch

Frustrated Southwest Airlines customers have been forced to wait in long lines for a second day as the airline tries to solve a technical problem with its electronic booking system. In the meantime, passengers are being told to prepare for delays. Katharine Jackson reports.




business and finance

US Airways makes final flight

US Airways flight 1939 lands in Philadelphia, marking the last flight for the airline which merged with American Airlines. Katharine Jackson reports.




business and finance

RBS: misconduct charges could be higher

RBS reports a £134 million third quarter operating loss and warns costs relating to past misconduct could be substantially higher than expected. Meantime France's BNP Paribas posts a 14.5 per cent rise in net income. It comes a day after Deutsche Bank said it would be slashing 15,000 jobs. Analysts say despite the upheaval, the medium term outlook for investment banks is positive. Hayley Platt reports.




business and finance

Private bridge links U.S.-Mexico

A terminal in the U.S. is now linked to the Tijuana International Airport via a cross-border bridge. Julie Noce reports.




business and finance

AstraZeneca's $4 billon Xmas present

M&A in the pharma sector marches on unabated - AstraZeneca buying a 55 percent stake in biotech Acerta Pharma for $4.0 billion to give it new cancer drugs. Hayley Platt reports.




business and finance

Therapy dogs calm stressed out holiday travelers

A non-profit organization brings dogs to the Buffalo/Niagra airport to help relieve the stress of holiday traveling. Diane Hodges reports.




business and finance

It's about time-TTPM's Silver on Mattel's new Barbies

Toy industry expert Jim Silver, CEO of TTPM talks about Mattel's new Barbies which will come in petite, tall and curvy and how they will impact falling barbie sales. Bobbi Rebell reports.




business and finance

NIH's Fauci: No Zika infections contracted within U.S.

Dr. Anthony Fauci, director of the National Institute for Allergy and Infectious Disease, says all of the Zika infections in the United States were contracted outside the country. Rough Cut (no reporter narration)




business and finance

Schiphol airport closed briefly on security threat

Amsterdam's Schiphol Airport was closed briefly as police investigated a suspicious situation. Julie Noce reports.




business and finance

Top hedge fund managers take home $13 bln

The 25 biggest hedge fund earners took home a combined $13 billion last year, despite mediocre returns.




business and finance

Stolen ancient sculpture returns to Italy

A marble head of the Roman Emperor Octavian Augustus, stolen in Italy in the 1970s, has been returned to Italy by a museum in Belgium. Sharon Reich reports.




business and finance

London's Tate Modern to open new wing

Britain's Tate Modern gallery in London reveals additional building called the 'Switch House' which will open to the public on June 17.




business and finance

United CEO testifies before House committee

The chief executive of United Airlines sat down before a House panel on Tuesday to testify about the forced removal on April 9 of a passenger from a Chicago flight, an incident that drew international condemnation.




business and finance

The Met showcases Islamic art as a response to Trump's Muslim ban

The Metropolitan Museum of Art in New York leads Islamic art tours to improve understanding of its contributions to the world heritage. Fred Katayama reports.




business and finance

Caribbean islands fear grim tourist season after Irma

Hurricane Irma’s deadly tear through the Caribbean will hobble the region’s multi-billion dollar tourism industry for months, just as hotels, airlines, and cruises were gearing up for the region’s peak winter season.




business and finance

Facebook names first members of content oversight board

Facebook's new content oversight board will include a former prime minister, a Nobel Peace Prize laureate and several constitutional law experts and rights advocates in its first 20 members.




business and finance

Avoid small caps but bet on REITs: advisor

Wealth Enhancement Group's Nicole Webb says small cap stocks make good bets emerging from a recession but not amid the current market volatility.




business and finance

Trade worries drive Dow, S&P down

The S&P 500 and the Dow fell on Wednesday but the Nasdaq ended higher. The indexes pulled back late in the session after U.S. President Donald Trump said China may or may not keep a trade deal between the two countries. Fred Katayama reports.




business and finance

Africa Now: Senegal’s startup scene

Senegal is quickly becoming a tech hub leader in Francophone West Africa, having raised $22 million in investments for tech and digital companies in 2018, according to Partech, a global investment platform. However, the business ecosystem in the region remains beset by a critical funding gap.




business and finance

Fine dining in glass booths

A Dutch restaurant has come up with an idea on how to offer classy outdoor dining in the age of social distancing: small glass cabins built for two or three people, creating intimate cocoons on a public patio. Emma Jehle has more.




business and finance

'Animal Crossing' helps Nintendo smash Switch sales forecast

Japan's Nintendo said Thursday it sold 21 million Switch units in the year ended March, smashing its forecast of 19.5 million units, with hit title Animal Crossing: New Horizons shifting 13.4 million units in its first six weeks. Ciara Lee reports




business and finance

Bank of England predicts worst slump in 300 years

The Bank of England says the UK faces its worst slump in 300 years, but on Thursday held off from any moves on rates or bond buying. Julian Satterthwaite reports.




business and finance

Air France-KLM and Rolls-Royce eye job cuts

Air France-KLM and jet engine maker Rolls-Royce are considering job cuts as lockdowns take a toll on first-quarter earnings. Francis Maguire reports.




business and finance

Pfizer, BioNTech race to test vaccines

Pfizer's chief scientific officer tells Reuters his company got a head start on vaccine development for the coronavirus because it had already been working for two years on the flu with its German partner, BioNTech. Fred Katayama reports.




business and finance

3.2 million more Americans seek jobless benefits

Millions more Americans sought unemployment benefits last week, suggesting layoffs broadened from consumer-facing industries to other segments of the economy and could remain elevated even as many parts of the country start to reopen. This report produced by Yahaira Jacquez.




business and finance

Top brewer AB InBev sees worse ahead, but hope in China

The world's biggest brewer, AB InBev, says it sees signs of a rebound in China, but warns the next quarter will still be worse overall. Julian Satterthwaite reports.




business and finance

Breakingviews TV: Cord cutting

U.S. cable firms are in for pain even after the pandemic starts to fade. Sports rights to air football games and other matchups are expected to soar and so will monthly bills. Jennifer Saba explains why non-sports lovers will choose Netflix and Disney+ and ditch their cable.




business and finance

Pessimism might signal upswing for stocks: advisor

Payne Capital Management's Courtney Dominguez says the high level of investor pessimism indicates the markets may have bottomed. She says savings could make their way into stocks.




business and finance

H&M's sales tumble as stockpiles grow

H&M, the world's second-biggest fashion retailer, said local currency sales have tumbled 57% since the start of March compared with a year ago. Ciara Lee reports