Pfizer warns of hit to financial results on continued coronavirus outbreak
Pfizer Inc on Thursday warned that the continued spread of the coronavirus globally could have an adverse impact on its business and financial results.
FCC to propose fines for U.S. cellphone carriers over consumer data disclosures
The U.S. Federal Communications Commission is set to propose fining four major U.S. mobile phone companies at least $200 million in total for improperly disclosing some consumer real-time location data, two people briefed on the matter said on Thursday…
Blowout fear for forex markets as coronavirus stirs dormant volatility trades
With this week’s coronavirus-driven rout having shaken awake previously slumbering euro-dollar markets, the spotlight is back on the “short volatility” trades that some regulators fear could trigger a blowup on world markets.
Fed seen slashing rates amid virus threat, low inflation
The Federal Reserve may need to move aggressively to cut borrowing costs to cushion the economy from the rapid spread of the new coronavirus, in part because interest rates are already low and so is inflation.
Telecom Italia picks KKR as partner for Italian broadband
Telecom Italia (TIM) on Thursday picked KKR as an exclusive partner to develop its ultra-broadband business, saying its board had taken positive note of a non-binding proposal by the U.S. investment firm.
Thyssenkrupp sells elevator unit for $18.7 billion to Advent-led consortium
By Christoph Steitz, Edward Taylor, Matthias Inverardi and Tom Käckenhoff
Fed’s Evans: too early to cut growth outlook or rates on coronavirus
Chicago Federal Reserve Bank President Charles Evans said on Thursday it was too soon to say if the U.S. growth forecast would be lowered due to the coronavirus epidemic, let alone if the U.S. central bank would need to cut rates. .
Facebook cancels annual developer conference amid coronavirus fears
Facebook Inc said on Thursday it would cancel its annual developer conference, F8 2020, amid rising concerns of the coronavirus outbreak.
Thyssenkrupp sells elevator unit for $18.7 billion to Advent-led consortium
Thyssenkrupp on Thursday said it agreed to sell its prized elevator division to a private equity consortium including Advent, Cinven and Germany’s RAG foundation for 17.2 billion euros ($18.7 billion).
Fed’s Evans says above-target inflation ‘essential’ in future
Chicago Federal Reserve Bank President Charles Evans on Thursday suggested that “extraordinary accommodation” and a period of elevated inflation will be integral to the U.S. central bank’s approach to fighting the next severe economic downturn.
