UPS buying 10,000 electric delivery vans, will test Waymo self-driving vehicles next month
United Parcel Service Inc on Wednesday expanded its efforts to cut emissions and delivery costs with separate deals to order 10,000 electric delivery trucks from UK-based Arrival Ltd and test Waymo self-driving vehicles to carry packages.
Stocks, oil tumble on fears virus to hurt China’s economy
Global equity markets tumbled on Thursday as the death toll from China’s coronavirus outbreak hit 170, pummeling oil prices and inverting a closely watched bond indicator as investors worried about the world’s second-largest economy.
Wall St. falls on China virus concerns, Facebook earnings
U.S. stocks fell on Thursday as the coronavirus epidemic raised fears of a further hit to China’s economy, while weak earnings from Facebook and others added to the gloom.
Altria takes another $4 billion hit on Juul investment, revises deal terms
Altria Group Inc took another $4 billion charge on its investment in Juul Labs Inc and said it had reworked its deal terms with the embattled e-cigarette maker, which is facing increased regulatory scrutiny amid a backlash against vaping.
Factbox: U.S. lawsuits take aim at vaping
Several deaths and potentially hundreds of illnesses tied to e-cigarettes, which allow users to inhale nicotine vapor, often flavored, without smoking, have been reported by the U.S. public health agency.
Oil falls 2% as China virus cases surpass SARS total
Oil prices fell 2% on Thursday to the lowest in three months on concerns over the potential economic impact of the coronavirus that continues to spread worldwide, while the market also considered the possibility of an early OPEC meeting.
Russia’s first McDonald’s scraps 30th anniversary giveaway due to coronavirus fears
Russia’s first McDonald’s restaurant has scrapped a plan to sell Big Mac burgers for virtually nothing to mark its 30th anniversary over fears it would attract huge crowds, which authorities have advised against due to coronavirus fears.
S.Africa’s struggling carrier SAA to cut flights to ease cash flow
Cash-strapped state carrier South African Airways (SAA) said on Thursday it would “cancel and consolidate selected flights” to lower costs, days after it received a 3.5 billion rand ($244 million) government bailout to ease a mounting cash-flow crunch….
Coke, Fuze tea demand drive Coca-Cola’s revenue beat, shares hit record high
Coca-Cola Co’s quarterly revenue beat market expectations on Thursday, driven by demand for the beverage maker’s signature soda, flavored Cokes and Fuze teas, sending its shares up as much as 2.8% to a record high.
Exclusive: In break from past, Louis Dreyfus boss is open to selling stake
After 169 years of keeping the business in the family, agricultural commodity giant Louis Dreyfus Company (LDC) is open to selling a large non-controlling stake to an external stakeholder, its chairwoman told Reuters.
