Global stocks tumble as coronavirus cases rise outside China
Global equity markets tumbled and the dollar slid on Thursday as the coronavirus spread quickly outside China, leading Britain to prepare for a significant increase in cases and France to say appeared “inevitable” the outbreak would become an epidemic…
Wall Street tumbles over 3% on virus fears, travel shares tank
U.S. stocks sold off sharply on Thursday, with shares of travel companies pummeled, as large swings in the market continued amid uncertainty over the spread of the coronavirus and its economic fallout.
Southwest CEO on coronavirus: “We could discount prices tomorrow and it wouldn’t do any good”
Southwest Airlines Chief Executive Gary Kelly said on Thursday that the airline was not running dramatic fare sales in response to a drop-off in demand due to the spreading coronavirus.
Former UAW President Gary Jones charged in U.S. corruption probe
Former United Auto Workers (UAW) President Gary Jones was charged on Thursday with embezzling more than $1 million of union funds amid a U.S. corruption probe that has raised the specter of a federal government takeover of the union.
Dow sinks 1,000 points on alarm over virus spreading in United States
Wall Street’s losses deepened and the Dow Jones Industrials shed 1,000 points in afternoon trading on Thursday as death toll in the United States rose to 11 and travel related stocks took a severe beating.
Airbus draws a blank in February after Boeing’s order-free January
European planemaker Airbus failed to win any new aircraft orders in February, it said on Thursday, providing further evidence of disruption across aviation industries from the global coronavirus outbreak.
Exxon to push ahead with spending plans despite investor concerns
Two years into an ambitious growth plan to revive earnings at the largest U.S. oil company, Exxon Mobil Corp said on Thursday it would stick to its plans to “lean in” to spending even as its shares have lagged those of competitors, which are cutting c…
Coronavirus, politics and trade compound problems for Airbus A330neo
Airbus is battling to shore up support for its A330neo wide-body passenger jet as the coronavirus crisis, geopolitics and trade wars raise fresh questions over demand for the aircraft, industry sources said.
AT&T partners with Google Cloud for 5G edge computing
AT&T Inc has partnered with Alphabet Inc’s Google Cloud to use 5G edge computing technologies to help clients improve speed and increase security by running applications closer to end users.
World stocks tumble as coronavirus cases rise outside China
Global equity markets tumbled and the dollar slid on Thursday as the number of coronavirus cases outside China mounted rapidly, leading California to declare an emergency and HSBC in London to send more than 100 staff home.
