Wall Street loses ground as China virus spooks investors
Wall Street backed away from all-time highs on Tuesday as investors returned from a holiday weekend to face a viral outbreak in China and a downbeat global growth outlook from the International Monetary Fund (IMF).
Boeing 737 MAX may not get approved to return to service until mid-year: source
Boeing Co told airlines and suppliers on Tuesday it now forecasts it does not expect to win approval from regulators for the return of the 737 MAX to service until June or July, a source briefed on the matter said.
China virus outbreak impedes Wall Street rally; Netflix earnings on deck
Wall Street’s main indexes paused near all-time highs on Tuesday, as concerns about the fallout from a deadly virus outbreak in China and a downbeat growth outlook from the IMF prompted investors to lock in recent gains.
Risk assets slip on Chinese virus anxiety
Risk assets took a hit across the globe on Tuesday while the Japanese yen and U.S. Treasury prices gained as financial markets reacted to mounting concern about a new strain of flu-like virus in China.
Starbucks to add more plant-based food in latest green push; Beyond Meat shares jump
Starbucks Corp aims to add more plant-based food and drinks to its menu as part of the company’s latest plan to become more environmentally friendly, Chief Executive Kevin Johnson said on Tuesday, prompting a surge in shares of Beyond Meat Inc .
Oil market shrugs off Libya crisis amid ample global supply
Oil prices fell on Tuesday on expectations that a well-supplied global market, including supplies from record U.S. production, would be able to absorb disruptions that have cut Libya’s crude production to a trickle.
Goldman CEO says process on canceled WeWork IPO ‘worked’
Goldman Sachs Chief Executive David Solomon called WeWork’s abandoned initial public offering (IPO) a great example of the listing process working on Tuesday, even if was “not as pretty as everybody would like it to be”.
Huawei CFO arrives in Vancouver court to contest U.S. extradition request
Huawei Chief Financial Officer Meng Wanzhou returned to a Vancouver court on Tuesday, where her lawyers are expected to build on their arguments against the U.S. extradition request that they say is based a sanctions violation and not bank fraud.
Exclusive: Philadelphia refinery expected to be sold to real estate developer – sources
The bankrupt Philadelphia Energy Solutions is expected to sell its fire-damaged refinery site to real estate developer Hilco Redevelopment Partners, three sources familiar with the situation said on Tuesday.
Brazil’s GOL sees 737 MAX flying by April, compensation talks ongoing
Brazilian low-cost carrier GOL, which has 130 of Boeing’s grounded 737 MAX jets on order, expects to be flying the jet by April and hopes to secure a compensation deal within months, chief financial officer Richard Lark said on Monday.
