Airlines cut China flights as companies restrict travel on virus fears
- Airlines including United Airlines Holdings Inc said they were canceling some flights to China as demand fell sharply and global companies told their employees not to travel on deepening fears over the spread of a flu-like virus.
Tue, 28 Jan 2020 17:32:08 -0500
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Apple iPhone back to growth after a year's slump
- Apple Inc on Tuesday reported sales and profits for the holiday shopping quarter above Wall Street expectations, powered by a rise in iPhone sales for the first time in a year and soaring demand for add-ons like AirPods wireless headphones.
Tue, 28 Jan 2020 17:29:09 -0500
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J.Crew Group appoints former Victoria's Secret executive as CEO
- J.Crew Group Inc on Tuesday appointed former Victoria's Secret executive Jan Singer as chief executive officer, effective Feb. 2.
Tue, 28 Jan 2020 17:26:00 -0500
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Starbucks sees hit as coronavirus prompts over 2,000 China store closures
- Starbucks Corp on Tuesday became the first major U.S. company to warn of a financial hit from the new coronavirus outbreak in China, as it closed thousands of restaurants and adjusted operating hours in its biggest growth market.
Tue, 28 Jan 2020 17:11:27 -0500
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Airbus faces $4 billion fine after international bribery probe
- Airbus faces a $4 billion fine and sharply lower 2019 profits after unveiling a preliminary deal with French, British and U.S. authorities following a crippling three-year probe into allegations of bribery and corruption over jetliner sales.
Tue, 28 Jan 2020 17:04:51 -0500
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Brazil antitrust regulator gives nod to Boeing-Embraer deal
- Brazilian antitrust regulator Cade on Monday approved Boeing Co's purchase of Embraer SA's commercial aviation division without restrictions, according to a statement on the agency's website.
Tue, 28 Jan 2020 17:04:24 -0500
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U.S. budget deficit to top $1 trillion in 2020 despite strong economy, CBO says
- The U.S. economy will grow at a "solid" rate of 2.2% this year, the non-partisan Congressional Budget Office forecast on Tuesday, but the federal budget deficit will hit $1.02 trillion.
Tue, 28 Jan 2020 17:04:13 -0500
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AMD revenue forecast disappoints on weak console demand
- Advanced Micro Devices Inc forecast current-quarter revenue below analysts' estimates on Tuesday, as demand wanes from console makers ahead of new launches.
Tue, 28 Jan 2020 16:55:35 -0500
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Exclusive: OxyContin maker Purdue is 'Pharma Co X' in U.S. opioid kickback probe - sources
- OxyContin maker Purdue Pharma LP is the unnamed company that surfaced in criminal charging documents filed earlier this week in a probe of illegal kickbacks from drugmakers, according to people familiar with the matter.
Tue, 28 Jan 2020 16:54:35 -0500
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EBay forecasts first-quarter revenue below estimates, shares fall
- EBay Inc forecast first-quarter revenue below Wall Street targets on Tuesday, as the e-commerce company faces fierce competition from bigger rival Amazon.com Inc , sending its shares down about 3% after the bell.
Tue, 28 Jan 2020 16:53:34 -0500
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