S&P 500 loses ground amid China virus outbreak, growth fears
The benchmark S&P 500 slipped on Tuesday as worries about the fallout from a deadly virus outbreak in China and a gloomy growth outlook from the IMF prompted investors to lock in recent gains.
Risk assets dragged lower by Chinese virus anxiety
Risk assets took a hit across the globe on Tuesday while the Japanese yen and some developed country bond prices gained as financial markets reacted to mounting concern about a new strain of flu-like virus in China.
NYC Transit expects return of Bombardier subway cars to service this week
New York City Transit expects subway cars recently built by Bombardier Inc to return to service this week, after an estimated 300 cars were yanked earlier in the month due to safety concerns, agency President Andy Byford said on Tuesday.
Britain’s Sainsbury’s to cut hundreds of management jobs
Britain’s Sainsbury’s plans to cut hundreds of management jobs as it seeks to bring its main supermarket operation and its Argos general merchandise arm closer together, it said on Tuesday.
China virus scare sends shudder through European luxury goods sector
European luxury stocks slumped across the board on Tuesday on fears that the coronavirus virus outbreak in China could hurt sales of high-end brands that had managed to weather months of protests in Hong Kong.
Wall Street rally pauses amid China virus outbreak, growth fears
U.S. stock indexes slipped on Tuesday as worries about the fallout from a deadly virus outbreak in China and a gloomy growth outlook from the IMF paused a record-setting rally on Wall Street.
Uber tests feature allowing some California drivers to set fares
Uber Technologies Inc on Tuesday said it is testing a feature that allows some drivers in California to set their own fares, hoping the change will help it show that its drivers are independent contractors rather than employees under state law.
Honda to join White House initiative to boost U.S. job training
Honda Motor Co will join on Tuesday a growing number of companies signing a White House pledge to boost U.S. job training opportunities.
Citibank to pay $18 million penalty for failing to insure flood-prone properties
A U.S. banking regulator fined Citibank N.A. $18 million for delays in purchasing mandatory flood insurance for properties where borrowers were located in flood-prone areas.
Wall Street opens lower on China virus outbreak, growth worries
U.S. stocks opened lower on Tuesday, as worries about the fallout from a deadly virus outbreak in China and a gloomy growth outlook from the IMF stalled a record rally on Wall Street.
