Is new Disney CEO Bob Chapek up to the task?
A global pandemic and the challenge of figuring out the future of entertainment greeted Bob Chapek on Wednesday as he took over as Chief Executive Officer of Walt Disney Co .
Global stocks outlook still positive, but vulnerable to coronavirus: Reuters poll
Global stocks have further to run this year, but the likelihood of a correction of 10% or more is high, according to Reuters polls of market strategists, with the severity of the economic hit from the coronavirus outbreak being the biggest risk.
Exclusive: IMF, World Bank consider ‘virtual’ Spring Meetings as virus spreads
Growing concerns inside the International Monetary Fund and the World Bank about the spread of the new coronavirus have prompted the institutions to consider scaling back their Spring Meetings in April or hold them by teleconference, people familiar wi…
Apple investor vote sounds ‘warning’ over China app takedowns
An Apple Inc shareholder proposal critical of the company’s app removals in China received a relatively high level of support at the iPhone maker’s annual meeting on Wednesday, enough to push the company to respond, experts said.
Canada mulling made-in-Ottawa supplement to Boeing’s 737 MAX flight manual
Transport Canada is mulling a Canadian supplement to the Boeing 737 MAX’s U.S.-developed flight manual, as the regulator weighs going beyond steps taken by the Federal Aviation Administration (FAA) to end a global grounding of the model after two fat…
Toll Brothers says 11 home sales in California impacted by coronavirus
Home builder Toll Brothers Inc said on Wednesday that the coronavirus outbreak in China had led to shortages of lighting fixtures and small appliances, forcing it to delay the sales of 11 homes in California, one of its biggest markets.
A new calculator sheds light on high-flying U.S. unicorn price tags
Common shares in many high-flying venture-backed startup companies are worth less than headlines lead some people to believe, and an online calculator that two finance professors debuted on Wednesday can now quantify that discrepancy.
Microsoft expects Windows unit to miss revenue outlook on coronavirus impact
Microsoft Inc said on Wednesday it does not expect to meet its quarterly revenue forecast for its Windows and personal computing business as a result of the coronavirus outbreak, sending its shares down more than 1% in after-market trading.
Waymo joins backlash against California self-driving data requirement
Alphabet Inc’s Waymo and General Motors Co’s Cruise are leading a backlash against a California reporting requirement on self-driving vehicle test data that the companies claim is not relevant or accurate in measuring performance or progress.
Wall Street falls more slowly as investors parse coronavirus fears
The S&P 500 fell for a fifth straight day on Wednesday and while its decline was slower than the last few days, the session was volatile as investors reacted to headlines about coronavirus and sought to gauge its economic fallout.
