Walmart in talks with possible buyers for Asda stake
Walmart , the world’s largest retailer, is in talks with possible buyers of a stake in its British supermarket Asda, which it failed to combine with Sainsbury’s last year.
Lloyds, Virgin Money cut jobs as UK bank customers shift online
Lloyds Banking Group and Virgin Money pressed ahead with hundreds of job cuts in the face of union opposition, as British banks try to keep up with customers moving online.
Morgan Stanley deputy chief financial officer to retire
Morgan Stanley’s Deputy Chief Financial Officer Paul Wirth will retire after 15 years with the bank, according to a memo sent to employees seen by Reuters on Wednesday.
Morgan Stanley conference-goers asked to self-report coronavirus exposure
Morgan Stanley is asking people attending its technology, media and telecom conference in San Francisco next week to report if they had visited several countries with reported coronavirus cases in recent weeks.
Toll Brothers says 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 sales of some homes in California, one of its biggest markets.
Fund investors retreat from U.S. stocks as coronavirus fears weigh
Investors pulled nearly $3.3 billion out of mutual funds and exchange-traded funds that hold U.S. stocks last week, snapping the longest streak of asset gains since July, according to data released Wednesday by the Investment Company Institute.
Oil falls more than 1% as virus spreads in Middle East and Europe
Oil prices fell more than 1% on Wednesday after hundreds of new coronavirus cases reported in Asia, Europe and the Middle East stoked fears that energy demand would decline, while crude oil inventories in the United States grew.
Wall Street leads stocks higher, oil falls as virus concerns linger
Gains on Wall Street led stocks across the globe higher on Wednesday, a rebound from a sharp selloff linked to coronavirus worries, but other financial markets felt nagging pressure from concerns over how the disease will affect the global economy.
Delta cutting flights to South Korea amid coronavirus outbreak
Delta Air Lines said Wednesday it will temporarily cut flights from South Korea citing global health concerns related to the coronavirus outbreak.
Virgin Money plans to cut 500 jobs and close 52 branches
British challenger bank Virgin Money is planning to cut 500 jobs as it presses ahead with cost-cutting after bulking up through the merger of Virgin Money and Clydesdale and Yorkshire Banking Group in 2018, it said on Wednesday.
