Business

Wells Fargo & Co Chief Executive Charles Scharf exasperated some Black employees in a Zoom meeting this summer when he reiterated that the bank had trouble reaching diversity goals because there was not enough qualified minority talent, two participants told Reuters.

U.S. pork exports to China have surged beyond pre-trade war levels, led by higher shipments from Brazil's JBS SA and China's WH Group Ltd , owner of Smithfield Foods, according to Panjiva, the research unit of S&P Global Market Intelligence.

Major U.S. airlines plan to make a last-ditch bid to persuade Congress to grant them a new $25 billion bailout to help avert thousands of employee furloughs set to begin Oct. 1, even as a separate $25 billion in government loans for the sector sits untapped.

The U.S. securities regulator is poised to walk back a proposal to impose discretionary caps on whistleblower awards and tighten deadlines for formally filing tips when it votes to overhaul the bounty program this week, five people briefed on the matter told Reuters.

Nikola Corp Chief Financial Officer Kim Brady said on Tuesday the electric-truck maker has the backing of all of its automotive partners even after the departure of founder and Chairman Trevor Milton.

Shopify Inc said on Tuesday data of customers who shopped at fewer than 200 merchants listed on the company's e-commerce platform was likely exposed after two employees tried to steal transaction records.