Mild weather bolsters U.S. private payrolls in February
U.S. private payrolls increased more than expected in February, pointing to labor market strength before a recent escalation of recession fears ignited by the coronavirus epidemic that prompted an emergency interest rate cut from the Federal Reserve.
Campbell Soup boosts guidance as profit beats forecasts; shares jump
Campbell Soup Co on Wednesday raised its fiscal full-year earnings forecast and posted better-than-expected quarterly profit and sales due to strong demand for soups and snacks, and its shares rose 5% in early trade.
Follow the Fed? Why central banks won’t be rushed on virus response
Will the world’s big central banks leave U.S. Federal Reserve Chair Jerome Powell hanging? They’re certainly going to try.
Top French court recognizes Uber driver as employee
France’s high court has granted an Uber driver’s request to reclassify his contractual relationship with the ride-hailing operator as an employment contract, it said on Wednesday.
Futures jump after Biden’s Super Tuesday sweep
U.S. stock markets looked set to jump after a strong showing for Joe Biden in the Super Tuesday Democratic primaries on Wednesday, with Dow and S&P index futures rebounding around 2% from heavy losses a day earlier.
GE sticks to 2020 targets, says coronavirus to hit cashflow by up to $500 million
General Electric Co on Wednesday reiterated its 2020 cash and profit targets but warned its first-quarter cash flow would take a hit of $300 million to $500 million due to the coronavirus outbreak.
Oil rises $1 as OPEC, allies work on big output cut
Brent oil prices rose on Wednesday on expectations that major producers have moved closer to an agreement to enact deeper output cuts aimed at offsetting the slump in demand caused by the coronavirus outbreak.
GE to take up to $500 million cashflow hit from virus, sticks to targets
General Electric Co said on Wednesday it would take a hit of $300 million to $500 million to its first-quarter cash flow from the coronavirus outbreak, while reaffirming its cash and profit targets for the full year.
Factbox: From shadow banking to coronavirus, U.S. regulators eye lurking risks
U.S. regulators will gather Wednesday at a scheduled meeting of the Financial Stability Oversight Council (FSOC) to discuss risks to the United States and beyond. With fears around coronavirus driving market turmoil not seen since the 2007-2009 financi…
Johnson & Johnson ordered to pay $1.7 million to three Australian women in pelvic mesh class action
An Australian court on Tuesday ordered Johnson & Johnson to pay three women a total of A$2.6 million ($1.7 million) plus legal costs as compensation for misleading patients and surgeons about the risks of its pelvic mesh implants.
