Starbucks plans to launch plant-based breakfast sandwich this year
Starbucks Corp said on Tuesday it would introduce a breakfast sandwich this year with a plant-based patty in the United States and Canada.
Pfizer profit misses estimates as revenue falls; plans no 2020 share repurchases
Pfizer Inc on Tuesday reported quarterly profit that fell short of Wall Street expectations for the first time in at least two years, and the drugmaker said it will no longer rely on share repurchases to help drive growth.
Facebook VP of engineering Jay Parikh says leaving company
Facebook’s vice president of engineering, Jay Parikh, said in a post on the social network on Tuesday that he was planning to leave the company, marking the exit of another key executive following a string of high-profile departures last year.
Blink and you miss it: The U.S. yield curve inverts again
A closely watched bond market phenomenon has again flashed yellow, but investors are loathe to give it much weight.
Airbus faces record $4 billion fine after bribery probe
Airbus faces a record $4 billion fine and lower 2019 profits after unveiling a preliminary deal with French, British and U.S. authorities following a crippling three-year probe into allegations of bribery and corruption over jetliner sales.
Apple iPhone back to growth after a year’s slump; China virus adds uncertainty
Apple Inc on Tuesday reported sales and profits for the holiday shopping quarter above Wall Street expectations, powered by a rise in iPhone sales for the first time in a year and soaring demand for add-ons like AirPods wireless headphones.
Airlines cut China flights as companies restrict travel on virus fears
Airlines including United Airlines Holdings Inc said they were canceling some flights to China as demand fell sharply and global companies told their employees not to travel on deepening fears over the spread of a flu-like virus.
J.Crew Group appoints former Victoria’s Secret executive as CEO
J.Crew Group Inc on Tuesday appointed former Victoria’s Secret executive Jan Singer as chief executive officer, effective Feb. 2.
Starbucks sees hit as coronavirus prompts over 2,000 China store closures
Starbucks Corp on Tuesday became the first major U.S. company to warn of a financial hit from the new coronavirus outbreak in China, as it closed thousands of restaurants and adjusted operating hours in its biggest growth market.
U.S. budget deficit to top $1 trillion in 2020 despite strong economy, CBO says
The U.S. economy will grow at a “solid” rate of 2.2% this year, the non-partisan Congressional Budget Office forecast on Tuesday, but the federal budget deficit will hit $1.02 trillion.
