Oil inches up on U.S. crude inventories, coronavirus limits gains
Oil prices edged up on Wednesday after U.S. crude in storage grew less than expected and gasoline inventories dropped, but hundreds of new coronavirus cases reported in Asia, Europe and oil-producing countries in the Middle East limited gains.
Lufthansa and United weigh takeover of Portugal’s TAP: Sueddeutsche
Lufthansa and United Airlines are considering taking over TAP-Air Portugal, a German newspaper reported on Wednesday.
Walmart in talks with third parties over investment in UK arm Asda
Walmart , the world’s largest retailer, is in talks with third parties regarding a possible investment in Asda, its UK supermarket arm that it tried, and failed, to merge with rival Sainsbury’s last year.
Delta Air waives travel change fees for South Korea as coronavirus spreads
Delta Air Lines Inc said on Wednesday it has expanded its travel change fee waiver to include Seoul, South Korea, through April 30, as coronavirus spreads to regions outside China.
U.S. Supreme Court allows retirement plan lawsuit against Intel
The U.S. Supreme Court on Wednesday refused to back stricter deadlines for workers to sue retirement plans over alleged mismanagement, ruling Intel Corp cannot avoid a suit accusing it of unlawfully making high-risk investments that cost retirement pla…
Wall Street gains ground after virus-driven selloff
Wall Street’s main indexes rose about 1% on Wednesday after suffering their worst four-day percentage fall in more than a year on fears of the economic damage from the global spread of the coronavirus.
Electrolux says implementing Italy travel ban until March 9 due to Coronavirus
Swedish home appliance maker Electrolux said on Wednesday it had decided on ban travel by its employees to and from Italy, where it has manufacturing facilities in some regions affected by the coronavirus outbreak.
Wall Street rises at open following four-day rout
Wall Street’s main indexes opened higher on Wednesday after suffering their worst four-day percentage fall in more than a year on fears of the economic damage from the global spread of the coronavirus.
Google to invest over $10 billion in 2020 on U.S. data centers, offices
Alphabet Inc’s Google said on Wednesday it would invest more than $10 billion in offices and data centers across the United States this year.
Profit rise lifts Peugeot shares ahead of Fiat merger
Peugeot maker PSA Group said on Wednesday profitability reached a record high in 2019, results that contrasted with those of many rivals and boosted the group’s shares as it beds down a merger with Italy’s Fiat Chrysler.
