Harley-Davidson CEO exits as iconic bike brand struggles
Harley-Davidson Inc Chief Executive Officer Matthew Levatich stepped down on Friday after failing to boost U.S. sales of its iconic motorcycles.
Wall Street in coronavirus contingency mode with staff, visitors, regulators
Big U.S. banks have been rolling out contingency plans to respond to the global coronavirus outbreak – requiring some staff to work from home, implementing travel restrictions, and talking to regulators about potential stresses.
United Airlines sharply cuts flights to Asia, cancels investor day
United Airlines Holdings Inc said on Friday it was sharply cutting flights to Japan and South Korea, as travelers worried about the coronavirus outbreak slash ticket purchases for those destinations.
Intesa, UBI line up advisers to face off in takeover battle
Intesa Sanpaolo said on Friday it had hired JP Morgan, Morgan Stanley, UBS and local broker Equita SIM to complete a team of advisers led by Mediobanca supporting Italy’s biggest retail bank in its takeover offer of rival UBI Banca.
Goldman Sachs Asset Management added to stocks portfolio as markets tumbled
Portfolio managers at Goldman Sachs Asset Management have used the recent selloff in global stocks caused by the coronavirus as an opportunity to take positions in a range of companies focusing on everything from concerts to cosmetics.
U.S. moves high-level U.S. meeting on China tech, possible new Huawei curbs to March: sources
Trump administration officials have rescheduled for March 11 a critical meeting to discuss potential new U.S. restrictions on sales of technology to Huawei and China, people familiar with the matter said.
Coronavirus outbreak rains on dealmakers’ M&A parade
The steep market drop triggered by the global coronavirus outbreak has led many companies to hit the ‘pause’ button on mergers and acquisitions (M&A), sabotaging the hopes of corporate advisers who expected a dealmaking bonanza this year.
Wall Street bounce too little, too late as world stocks post shock weekly decline
Coronavirus panic sent world stock markets tumbling again on Friday, with an index of global stocks setting its largest weekly fall since the 2008 global financial crisis, and over $5 trillion wiped from global market value this week.
USTR vows to push for trade deals with Britain, EU; seeks broader reset at WTO
The Trump administration on Friday said it would focus on concluding new trade agreements with Britain, the European Union and Kenya over the coming year, while strictly enforcing trade laws and pushing for reforms of the World Trade Organization.
S&P falls for seventh day, suffers biggest weekly plunge since 2008 crisis
The S&P 500 fell for the seventh straight day on Friday and the benchmark index suffered its biggest weekly drop since the 2008 global financial crisis on growing fears the fast-spreading coronavirus could push the economy into recession, although stocks regained some ground right at the end of a volatile session.
