German car parts supplier Webasto [WEBA.UL] said on Friday that two more of its employees have tested positive for the coronavirus, making for a total of seven who have contracted it.
While the leadership change was largely expected, Wall Street analysts were surprised by the timing and the choice of Krishna as the CEO. “We believe the frontrunners in most investors’ minds had been either Jim Whitehurst (former CEO of Red Hat) or former CFO Martin Schroeter,” said Bernstein analyst Toni Sacconaghi. …read more […]
Shares of Roku tumbled 7% on Friday after the streaming video company told customers it was removing Fox channels from its platform ahead of Sunday’s Super Bowl broadcast.
Weaker crude oil and gas prices drove quarterly results sharply lower at Exxon Mobil Corp and Chevron Corp, pushing down shares at the two largest U.S. oil producers and signaling a weak start to the new year.
Reuters) – New York Health commissioner said on Friday there were no confirmed cases of coronavirus in the city.
Oil prices fell on Friday and were on track for a fourth straight weekly loss on mounting worries about economic damage from the coronavirus that has spread from China to around 20 countries, killing more than 200 people.
Weaker crude oil and gas prices drove quarterly results sharply lower at Exxon Mobil Corp and Chevron Corp, pushing down shares at the two largest U.S. oil producers and signalling a weak start to the new year. While one-time asset sales or write downs were large factors, the two companies said earnings suffered from weaker margins in crude oil, natural gas, chemicals and fuel production. “There’s no silver bullet on improving returns in a flat commodity price environment,” said Chevron Chief Executive Mike Wirth. …read more […]
Shares of Luckin Coffee, fall on an unconfirmed report from a short seller at Muddy Waters Research that the brand was fabricating its financial and operating figures. Yahoo Finance’s Julie Hyman breaks it down on On The Move. …read more […]
POSCO and CenturyLink on the list Continue reading… …read more […]
The United States drew China’s wrath with a travel warning on Friday while businesses struggled with supply problems from the coronavirus epidemic that has killed 213 people and been declared a global emergency.
Russia reported its first two cases of coronavirus on Friday and restricted direct flights to China, its biggest trade partner, as Russians complained of rising prices for medical masks and anti-virus medicine.
Travelex said it had partially restored its UK website, almost a month after a crippling ransomware attack forced the currency service provider to take its systems offline, causing chaos for New Year holidaymakers and business travelers.
International Business Machines Corp’s Ginni Rometty, the first woman chief executive of the tech pioneer, will be replaced in April by the head of its fast-growing cloud business, Arvind Krishna.
Weaker crude oil and gas prices drove quarterly results sharply lower at Exxon Mobil Corp and Chevron Corp, pushing down shares at the two largest U.S. oil producers and signaling a weak start to the new year. While one-time asset sales or write downs were large factors, the two companies said earnings suffered from weaker margins in crude oil, chemicals and fuel production. Shares of Exxon and Chevron were both at least 3% lower in morning trade on the results and worries about slowing global economic growth. …read more […]
Italian prosecutors have investigated UBS Europe for possible money laundering and obstructing the work of regulators as part of a fraud inquiry into smaller asset manager Sofia SGR, two sources with direct knowledge of the matter said.
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