Virus fears sap stocks; ECB gets ready for rethink
World shares fell on Thursday, led by the biggest tumble in Chinese stocks in more than eight months, as concern mounted about a new coronavirus outbreak in China.
First phase of Huawei CFO Meng’s U.S. extradition hearing set to wrap up in Canada
Huawei Chief Financial Officer Meng Wanzhou arrived in a Vancouver courtroom on Thursday to wrap up the first phase of a U.S. extradition hearing where her lawyers will respond to the Canadian prosecutor’s arguments calling for Meng to be extradited to…
Blues health insurers fund U.S. non-profit’s generic drug expansion
A group of Blue Cross Blue Shield insurers is investing $55 million in a new venture with a non-profit generic drug manufacturer to try to offer cheaper prices on pharmacy drugs to their members, the companies said on Thursday.
UK’s Morrisons to cut 3,000 management jobs
Morrisons , Britain’s No. 4 supermarket group, plans to cut 3,000 management jobs as part of a major restructuring of its workforce that will see 7,000 store jobs created, it said on Thursday.
Euro traders wait for ECB meeting, yuan drops on virus fears
The euro remained stuck in its recent trading range on Thursday before the European Central Bank’s meeting, while China’s yuan dropped on fears about the spread of a virus.
Jeep, Suzuki models found to have broken EU emissions rules
Fiat Chrysler’s Jeep Grand Cherokee and Suzuki’s Vitara diesel models both break emissions rules and must be fixed or face a ban on sales across Europe, the Dutch road authority ruled on Thursday.
P&G’s quarterly sales miss Wall Street estimates, shares fall
Procter & Gamble Co reported lower-than-expected quarterly sales on Thursday, its first miss in five quarters, hurt by a stronger dollar, sending its shares down about 2%.
Comcast’s growth in broadband customers offsets fourth-quarter cord-cutting
Comcast Corp’s bid to counter cord-cutting with profitable broadband customers continued to pay off in the fourth quarter, as the company on Thursday beat Wall Street’s revenue and profit estimates.
Mexico goes ghost as its oil hedge bill spirals
Mexico is playing a risky game of hide and seek with the oil market.
Southwest quarterly profit falls on mounting 737 MAX costs
Southwest Airlines Co reported a 21% fall in fourth-quarter profit on Thursday due to Boeing 737 MAX costs and warned that it will likely extend flight cancellations beyond June as the jets look set to remain parked well into this year.
