GM to spend $2.2 billion on making electric trucks and SUVs at Detroit factory
General Motors Co will invest $2.2 billion in its Detroit-Hamtramck assembly plant to build electric trucks and sport utility vehicles, the No.1 U.S. automaker said in a statement on Monday.
Wall Street opens 1% lower on growing China virus fears
U.S. stocks opened more than 1% lower on Monday, on concerns about the financial fallout of a fast-spreading coronavirus outbreak in China.
Casper IPO valuation dwindles from peak of $1 billion
Casper Sleep Inc, the online mattress retailer whose investors include actor Leonardo DiCaprio and rapper 50 Cent, expects its initial public offering valuation to be well below the roughly $1 billion it commanded in the last funding round.
Futures tumble on fears of financial hit from China virus
U.S. stock index futures fell sharply on growing concerns about the financial fallout of a fast-spreading coronavirus outbreak in China as the country extended the Lunar New Year holidays and more big businesses shut down.
J&J CEO to testify at trial for first time on Baby Powder risks
Johnson & Johnson Chief Executive Officer Alex Gorsky was set to be called as a witness on Monday in what would be his first appearance in a jury trial over allegations that the company’s Baby Powder causes cancer.
Stock futures tumble on fears of financial hit from China virus
U.S. stock index futures fell sharply on growing concerns about the financial fallout of a fast-spreading coronavirus outbreak in China as the country extended the Lunar New Year holidays and more big businesses shut down.
Oil drops below $60 as China virus stokes demand concern
Crude prices dropped below $60 for the first time in nearly three months on Monday, as the death toll from China’s coronavirus rose and more businesses were forced to shut down, fuelling expectations of slowing oil demand.
China virus fears push stocks to two-week low, safe havens gain
World shares slipped to their lowest in two weeks on Monday as worries grew about the economic impact of China’s spreading coronavirus, with demand spiking for safe-haven assets such as Japanese yen and Treasury notes.
Fed’s first hurdle in 2020: Dispensing with ‘QE Lite’
The Federal Reserve’s bond portfolio is swelling again at a pace not seen since the “quantitative easing” heyday in the early 2010s. Prices for stocks and other risky assets are also rising at a fast clip – a state of affairs that a growing chorus of i…
EU to rule on $120 billion United Technologies, Raytheon deal by February 28
EU antitrust enforcers will rule by Feb. 28 whether to approve United Technologies Corp and U.S. contractor Raytheon Co’s bid to create a $121 billion aerospace and defense giant, a filing on the European Commission website showed.
