U.S. stocks sold off sharply on Thursday, with shares of travel companies pummeled, as large swings in the market continued amid uncertainty over the spread of the coronavirus and its economic fallout.
Southwest Airlines Chief Executive Gary Kelly said on Thursday that the airline was not running dramatic fare sales in response to a drop-off in demand due to the spreading coronavirus.
Arbor Realty Trust tops the list Continue reading… …read more […]
Former United Auto Workers (UAW) President Gary Jones was charged on Thursday with embezzling more than $1 million of union funds amid a U.S. corruption probe that has raised the specter of a federal government takeover of the union.
Wall Street’s losses deepened and the Dow Jones Industrials shed 1,000 points in afternoon trading on Thursday as death toll in the United States rose to 11 and travel related stocks took a severe beating.
(Bloomberg) — As the coronavirus finally hits London, some financial professionals are being evacuated from work, others are turning away coughing visitors — and a famous hedge-fund manager banned his staff from cramming into crowded Tube trains.Greg Coffey is offering to pay for all of his staff’s taxi rides to and from Kirkoswald Asset Management after forbidding them from taking the subway system, according to a person familiar with the matter.UBS Group AG joined the ranks of big banks dusting off emergency facilities — and barred anyone from its main London office who admits to having flu symptoms. The Swiss …read more […]
European planemaker Airbus failed to win any new aircraft orders in February, it said on Thursday, providing further evidence of disruption across aviation industries from the global coronavirus outbreak.
HP Inc on Thursday rejected Xerox Holdings Corp’s raised takeover bid of about $35 billion, saying it undervalued the personal computer maker.
Two years into an ambitious growth plan to revive earnings at the largest U.S. oil company, Exxon Mobil Corp said on Thursday it would stick to its plans to “lean in” to spending even as its shares have lagged those of competitors, which are cutting costs.
Airbus is battling to shore up support for its A330neo wide-body passenger jet as the coronavirus crisis, geopolitics and trade wars raise fresh questions over demand for the aircraft, industry sources said.
AT&T Inc has partnered with Alphabet Inc’s Google Cloud to use 5G edge computing technologies to help clients improve speed and increase security by running applications closer to end users.
Dan Wantrobski, technical strategist and associate director of research at Janney Montgomery Scott says that the markets will find a bottom very soon and that the longer-term market cycle is still on track to push the S&P 500 forward. He joins Yahoo Finance’s On the Move. …read more […]
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