U.S. consumer spending could see one-two punch from stocks drop, coronavirus
The coronavirus outbreak has yet to spread meaningfully to U.S. shores, but fears of it alone have already eviscerated some $2 trillion of American stock market value, setting off a market rout that could stymie consumer spending – even before other ec…
NMC Health removes CEO as investigation into finances continues
NMC Health fired Chief Executive Prasanth Manghat and granted its finance chief extended sick leave, the healthcare company said on Wednesday after the firm unveiled details from its ongoing investigation into its finances.
Stocks, oil drop as coronavirus fears grip markets
Stocks and oil prices resumed their sharp decline on Wednesday after a report said over 80 people were being monitored for the novel coronavirus in New York State’s Long Island.
Wall Street erases gains on fears of coronavirus spreading in U.S.
U.S. stocks turned lower in afternoon trading on Wednesday in a fresh wave of selling sparked by fears of the coronavirus spreading in the United States.
Aston Martin investor blazes green trail for buyout fund
The top shareholder of carmaker Aston Martin is on a mission to turn investments from theme parks to high-end furniture brands “carbon positive” by the end of 2020, as buyout funds battle to woo investors increasingly focused on tackling global warming…
Nestle asks staff to stop international travel amid coronavirus epidemic
Nestle SA has asked its staff to halt international travel for business purposes through March 15 as a precautionary measure amid the rapid spread of the coronavirus globally, the Swiss company said on Wednesday.
Facebook to ban misleading ads about coronavirus
Facebook Inc said on Wednesday it would ban advertisements for products offering any cures or prevention around the coronavirus outbreak, and those that create a sense of urgency around the situation.
Pressure mounts on Bayer CEO to fix legal problems as chairman quits
The departure of Bayer Chairman Werner Wenning will turn up the heat on CEO Werner Baumann to resolve the healthcare to agriculture group’s legal problems, two of the firm’s biggest German shareholders said on Wednesday.
SmileDirectClub sell-off gives short sellers reason to grin
Traders short selling SmileDirectClub had a lot to smile about on Wednesday, earning paper profits of over $115 million as the online dental company’s stock plummeted 26% following a disappointing quarterly report.
Apple shareholders defeat proposal over Chinese app removal policies
Apple Inc’s shareholders on Wednesday defeated a proposal critical of its removal of apps at the request of the Chinese government, but the proposal drew a much higher proportion of votes than similar proposals in previous years which had gained suppor…
