Futures look for direction after four-day selloff
U.S. stock index futures were mixed on Wednesday after the Dow and the S&P 500 indexes suffered their sharpest four-day percentage fall in more than a year on fears of the economic damage from the global spread of the coronavirus.
Ford’s incoming COO focuses on cost cuts, launches, change
Ford Motor Co’s incoming chief operating officer outlined his priorities for the company’s turnaround on Wednesday, including cost cuts and more efficient new-vehicle launches in a year in which it will introduce a redesigned F-150 full-sized pickup t…
Disney shares down 2% after ‘surprise’ CEO change
Shares of Walt Disney Co fell 2% on Wednesday after the media giant’s surprise move to replace top boss Bob Iger raised questions on Wall Street if his successor Bob Chapek had sufficient experience in the entertainment business.
BP to quit main U.S. refining lobby over carbon policy
BP will leave the main U.S. refining lobby and two other trade groups as new Chief Executive Bernard Looney spurs some of the oil sector’s most ambitious targets for curbing carbon emissions.
Jury weighs verdict for ex-Barclays bankers in Qatar fee trial
The jury in the London trial of three former Barclays bankers accused of funneling secret fees to Qatar in return for emergency funding during the financial crisis in 2008, retired to consider its verdict on Wednesday.
U.S. crude drops below $50 as virus spreads in Middle East and Europe
U.S. crude dropped below $50 on Wednesday to its lowest since January 2019, as Asia, Europe and oil-producing countries in the Middle East reported hundreds of new coronavirus cases and the United States warned of an inevitable pandemic.
BlackRock Vice Chairman and co-Founder Barbara Novick to step down
BlackRock Inc vice chairman and co-founder Barbara Novick will step down from her day-to-day duties at the asset manager, according to an internal memo seen by Reuters on Wednesday.
World shares slump for fifth day, bets grow on rate cuts to counter damage
World stocks tumbled for the fifth straight day on Wednesday, while safe-haven gold rose back towards seven-year highs after health authorities warned of a possible coronavirus pandemic and markets stepped up bets on interest rate cuts.
Too early for the ECB to contemplate coronavirus response: Makhlouf
It is too early for the European Central Bank to assess whether it needs to respond to the coronavirus epidemic with policy, even if the epidemic presents a risk to growth, Irish central bank chief Gabriel Makhlouf said on Wednesday.
Apple faces shareholder vote over Chinese app removal policies
Apple Inc’s shareholders on Wednesday will vote on a proposal critical of its moves to remove apps at the request of the Chinese government and calling on the iPhone maker to report whether it has “publicly committed to respect freedom of expression as…
