When a CEO and chief financial officer get pushed out a couple of months earlier, yes, the next earnings call with financial analysts might be unusual. But the Expedia Group fourth quarter earnings discussion on Thursday was one for the record books. Expedia Group Chairman Barry Diller and Vice Chairman Peter Kern, who are now […] …read more […]
A little known metal is becoming increasingly important as technology continues to accelerate, and China controls nearly all of its production …read more […]
The coronavirus-hit Chinese economy will grow at its slowest rate since the financial crisis in the current quarter, according to a Reuters poll of economists who said the downturn will be short-lived if the outbreak is contained.
A Feb. 7-13 Reuters poll of 40 economists based in mainland China, Hong Kong, Singapore, as well as Europe and the United States, predicted China’s annual economic growth in the first quarter of 2020 to slump to 4.5% from 6.0% in the previous quarter. The coronavirus was first detected in the Chinese city of Wuhan – a nerve center in the global supply chain with a population of just under 11 million – and so far has claimed over 1,300 lives in China. …read more […]
HSBC on Tuesday reports 2019 results and will set out its new strategy, where interim Chief Executive Noel Quinn will audition for the permanent role by announcing major restructuring efforts. Here are five key things to look out for:
Years ago, when Randy Tinseth was still running Boeing’s sales account for United Airlines, the plane company’s designers pulled him aside.
Royal Caribbean Cruises Ltd on Thursday said it had canceled 18 cruises in Southeast Asia and joined larger rival Carnival Corp in warning that its full-year earnings would be hit by the coronavirus outbreak.
The epidemic, which originated in China’s Hubei province and has killed more than 1,300 people, has taken a toll on cruise operators as travel restriction and fear of the virus spreading have led to cancellations of trips to the Far East. Last week, Royal Caribbean said it canceled eight cruises out of China through March 4 and warned of a 25 cent impact to its first quarter earnings. The company said the 18 canceled cruises would cut its full-year earnings per share by 65 cents, warning that cancelling all its remaining sailings in Asia through the end of …read more […]
Wall Street lost ground on Thursday, backing away from record highs as investors digested new coronavirus developments and mixed corporate earnings.
Emerson Electric Co told investors on Thursday it would not pursue a break-up following a review it launched last year into whether to separate its industrial automation operations from its air-conditioning business.
The Philadelphia Energy Solutions oil refinery site will be sold for $252 million and redeveloped under a plan approved in bankruptcy court on Thursday, ending months of uncertainty over whether the idled plant would be restarted, court filings show.
The quarter’s artificial intelligence and graphics sales have shown explosive growth Continue reading… …read more […]
The Trump administration said Thursday it was issuing a 45-day extension allowing U.S. companies to continue doing some business with China’s Huawei Technologies Co Ltd.
A U.S. judge on Thursday granted Amazon.com Inc’s request to temporarily halt the U.S. Department of Defense and Microsoft Corp from moving forward on an up-to-$10 billion cloud computing deal that Amazon says reflected undue influence by President Donald Trump.
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