IBM CEO Rometty to step down; cloud boss to succeed
International Business Machines Corp Chief Executive Officer Ginni Rometty will hand over the reins to the head of the company’s cloud business, as the pioneer tech company continues its efforts to rejuvenate itself.
Visa sees muted revenue growth in 2020, shares fall 3%
Visa Inc on Thursday fell short of analysts’ estimate for first-quarter revenue and said revenue this year would be crimped by incentives it provide to banking clients, sending its shares down nearly 3%.
Airlines suspend China flights over coronavirus
Airlines have started suspending flights to China in the wake of a new coronavirus outbreak, which as of Thursday had killed 170 people and infected almost 8,000.
American Airlines pilots sue to block China flights as virus unnerves crew worldwide
A pilots union filed a lawsuit on Thursday seeking to immediately halt American Airlines U.S.-China service, as cabin crews worldwide voiced unease about exposure to the rapidly-spreading coronavirus which has killed more than 170 people in China.
Cheniere Energy drops lawsuit against Tellurian chairman, vice chairman
Tellurian Inc on Thursday said Cheniere Energy Inc has dismissed all claims against its Chairman Charif Souki and Vice Chairman Martin Houston.
Amazon holiday sales jump as one-day shipping pays dividends, stock up 13%
Amazon.com Inc on Thursday posted holiday quarter results well above expectations as the expansion of its one-day shipping program came under budget and membership in its Prime loyalty club notched a 50% rise in two years.
IBM CEO Ginni Rometty to step down; cloud boss to succeed
International Business Machines Corp Chief Executive Officer Ginni Rometty will hand over the reins to the head of the company’s cloud business, as it looks to build on her attempts to steer the Big Blue to the fast-growing segment.
Canadian lender CIBC flags layoffs as it battles challenging environment
Canadian Imperial Bank of Commerce became the second Canadian bank in as many months to reveal lay offs as it contends with a tough environment for revenue growth.
Amgen 2020 outlook falls short of Street estimates, shares down 3%
Amgen Inc on Thursday forecast 2020 earnings well short of current Wall Street estimates, sending shares of the largest U.S. biotechnology company down 3%.
SkyWest orders 20 old-generation Embraer jets as order for new line remains paused
Brazilian planemaker Embraer SA said on Thursday that U.S. regional carrier SkyWest Inc had signed a firm order for 20 E175 planes from the E1 generation, worth close to $1 billion, as an order for a newer, more efficient plane remains in limbo.
