SYDNEY (Reuters) – A rapidly spreading coronavirus outbreak will likely be a “material headwind” for the…
Day: March 3, 2020
Another foul day on Wall Street after surprise Fed rate cut
By Noel Randewich (Reuters) – Wall Street tumbled in a volatile session on Tuesday after the…
Wall Street prepares as coronavirus gets closer to home
By Elizabeth Dilts Marshall and Sinéad Carew NEW YORK (Reuters) – Wall Street stepped up preparations…
World Bank announces up to $12 billion in immediate funds for coronavirus
By Andrea Shalal WASHINGTON (Reuters) – The World Bank on Tuesday announced an initial $12 billion…
Nordstrom sales miss, sees 2020 earnings below estimates
NEW YORK (Reuters) – Nordstrom Inc <JWN.N> forecast a 2020 profit largely below market expectations on…
Canada prepared to act quickly to help firms hit by coronavirus outbreak: finance minister
By David Ljunggren OTTAWA (Reuters) – Canada is prepared to act quickly to help companies hurt…
Debt sales make a comeback after coronavirus shut-down
By Yoruk Bahceli and Kate Duguid LONDON/NEW YORK (Reuters) – Companies took advantage of a window…
Impossible Foods cuts prices of plant-based meat sold to distributors
(Reuters) – Impossible Foods on Tuesday announced an average 15% cut in prices of its vegan…
Hewlett Packard Enterprise cuts cash flow outlook on coronavirus impact, shares down
(Reuters) – Hewlett Packard Enterprise <HPE.N> on Tuesday cut its free cash flow forecast for the…
Ackman hedges to protect against coronavirus’ ‘negative’ impact
By Svea Herbst-Bayliss BOSTON (Reuters) – Billionaire hedge fund investor William Ackman on Tuesday said he…
NBCUniversal sells record $1.25 billion in Tokyo Olympic ads
By Sheila Dang (Reuters) – Comcast Corp’s <CMCSA.O> NBCUniversal said on Tuesday it had sold more…
Berkshire Hathaway to hold May 2 annual meeting, despite coronavirus, but may curb events
(Reuters) – Berkshire Hathaway Inc <BRKa.N>, the conglomerate run Warren Buffett, said it will hold its…