Business

Uber Technologies Inc is in talks to sell its autonomous driving unit, Uber Advanced Technologies Group, to selfdriving car startup Aurora, TechCrunch reported on Friday, citing people familiar with the matter.

Gold gained as much as 1.1% on Friday as rising global coronavirus infections reignited concerns about the economic toll from the pandemic, while scepticism over the reach of a potential COVID19 vaccine further boosted the safehaven metal.

Wall Street gained on Friday as Disney and Cisco's upbeat results brought the focus back to corporate earnings at the end of a volatile trading week that saw record surges in coronavirus cases and increased hopes of a working vaccine.

Swedish steelmaker SSAB on Friday confirmed it is in discussions with Tata Steel Group concerning apotential acquisition of Tata Steel Europe's Dutch IJmuiden steel mill and related downstream assets.

What appeared to be a sharp Vshaped growth rebound from the first pandemic lockdown, now seems like a "W" these are among the myriad of letters and signs economists are using to describe the outlook for a world turned upside down by COVID19.

Oil prices fell on Friday, pressured by fears about a slow recovery in the global economy and fuel demand due to an accelerating rise in COVID19 infections, but remained on track for a second straight weekly gain, helped by vaccine hopes.

President Donald Trump has stepped up a conflict with China over security and technology by issuing an order barring Americans from investing in companies that U.S. officials say are owned or controlled by the Chinese military.

Oil prices fell in early trade on Friday as a spike in the number of COVID19 infections raised fears for the global economy and nearterm fuel demand, but remained on track for a second straight weekly gain amid hopes for a vaccine.

Mutual of Omaha on Thursday unveiled a new corporate logo depicting an African lion, replacing the Indian chief head that had been the symbol of the insurance and financial services company for 70 years.

A combination of Canadian drug developer Medicago's experimental COVID19 vaccine and a booster from Britain's GlaxoSmithKline will enter a large study with more than 30,000 volunteers this year, the two companies said on Thursday.

Altria Group Inc said on Thursday it would convert its nonvoting shares in Juul Labs Inc to voting shares, days after the tobacco giant took another billiondollar hit to its 35% stake in the ecigarette maker.

The COVID19 pandemic could affect the timing of Glencore Chief Executive Ivan Glasenberg's departure from the mining and trading company, he told Swiss paper NZZ.

Gold prices edged higher on Thursday, after dropping over 1% in the previous session, as concerns over the economic fallout from surging COVID19 cases outweighed positive vaccine news.

Tech pushed the Nasdaq to close sharply higher and oil prices extended their rally on Wednesday, as hopes of potential COVID19 were tempered by spiking coronavirus infections and the looming threat of a new round of lockdowns.

Brazill health regulator Anvisa on Wednesday allowed resumption of latestage clinical trials for China's Sinovac COVID19 vaccine, which had been suspended due to the death of a study subject that was registered in Sao Paulo as a suicide.

Ericsson on Tuesday set some new longterm financial goals but left its 2022 operating margin target unchanged, driving down the telecom equipment maker's shares.