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CCI accuses Amazon of concealing facts in deal for Future Group unit

In the letter dated June 4, CCI said Amazon hid factual aspects of the transaction by not revealing its strategic interest in Future Retail when it sought approval for the 2019 deal

Blackstone doubles second quarter earnings on surging asset sales

Blackstone's shares rose 4.5% on Thursday morning, pushing its market capitalization to a record high of $131 billion, overtaking Goldman Sachs Group Inc, another Wall Street heavyweight

Oil inches up as demand recovery seen tightening supply through 2021

Brent crude gained 50 cents to $72.73 a barrel by 11:10 a.m. EDT (1510 GMT)

AT&T ups forecast for revenue, HBO Max as business recovers from pandemic

The results come as AT&T is unwinding its expensive media investments to focus on its original business of providing phone and internet services

G20 agrees statement on environment, struggles over climate progress

The G20 meeting is seen as a key intermediate stage ahead of global climate talks known as COP 26 to be held in Glasgow in November.

S&P 500, Dow fall as jobless claims rise; megacaps boost Nasdaq

The Labor Department's report showed the number of Americans filing new claims for unemployment benefits increased by 51,000 to a seasonally adjusted 419,000 in the week ended July 17.

Biogen defends Alzheimer's drug approval, reports $2 million in early sales

Biogen Inc said the approval of its Alzheimer's disease drug was based on extensive data as it seeks to quell concerns about the drug's effectiveness

Abbott profit more than doubles as medical device sales rebound

(Reuters) -Abbott Laboratories' quarterly profit more than doubled on Thursday, due to strength in its diagnostics business and a rebound in medical device sales.

Blackstone doubles second quarter earnings on surging asset sales

By Chibuike Oguh

Tata gets bullish on e-commerce just as rules threaten to transform market

Tata Group is taking a more vocal interest in rules shaping online marketplaces, hinting at ambitions as it reappraises its retail strategy just as e-commerce reform threatens to muddy plans

Unilever second quarter underlying sales rise 5%, beats estimates

Unilever Plc on Thursday reported higher-than-expected underlying sales growth for the second quarter and first half as consumers cooked more meals at home

Hyundai Motor Q2 net profit soars, expects chip shortage to ease

Hyundai Motor Co turned in its best quarterly profit in about six years on Thursday, helped by solid demand for its high-margin SUVs and its premium Genesis cars

China rejects WHO plan for second phase of investigation of Covid-19 origin

China rejected on Thursday WHO plan for a second phase of an investigation into the origin of the coronavirus, which includes the hypothesis it could have escaped from a Chinese laboratory

Tens of thousands people evacuated as China storms spread northwards

The provincial weather bureau raised the storm alert for four cities in north of Henan - Xinxiang, Anyang, Hebi and Jiaozuo - to red, highest tier of a four-step colour-coded weather warning system

Gold hovers near 1-week low as risk appetite returns; ECB meet in focus

Gold prices fell on Thursday, hovering near a more than one-week low, weighed down by a stronger dollar and a rebound in risk sentiment as investors looked past economic threats

US private equity fund Lone Star lays off majority of Asia staff: Sources

Texas-based private equity firm Lone Star Funds has laid off most of its investment team in Asia outside Japan in a major retreat from the region

Oil prices keep overnight gains as demand hopes offset US stock build

Oil prices held on to most of their gains from the previous session on Thursday, as signs of stronger demand helped offset an unexpected rise in US inventories

Australian regulator to probe Amazon.com, eBay and other online markets

The Australian antitrust regulator on Thursday kicked off an inquiry into local units of Amazon.com Inc, eBay Inc and other online markets to ensure fairness in a sector where sales have soared

US state officials urge support for landmark $26 billion opioid settlement

Under the settlement proposal, McKesson Corp, Cardinal Health Inc and AmerisourceBergen Corp- are expected to pay a combined $21 billion, while drugmaker Johnson & Johnson would pay $5 billion

Oil surges 4% amid better risk appetite despite weak demand outlook

Brent crude futures had gained $2.53, or 3.65 per cent, to $71.88 a barrel by 18.41 pm IST