Alstom, Bombardier shares fall after $6.7 billion rail deal
Shares of Alstom SA and Montreal-based Bombardier Inc fell on Tuesday after the French firm agreed to buy its Canadian rival’s rail division for up to 6.2 billion euros ($6.7 billion), a deal likely to draw scrutiny from competition regulators and unio…
Wall Street dragged down by Apple’s shock sales warning
U.S. stocks dropped on Tuesday after a surprise sales warning from technology bellwether Apple fanned worries about the impact of the coronavirus outbreak on global supply chains.
Jaguar Land Rover’s UK output at risk from coronavirus-hit supplies
Jaguar Land Rover (JLR) has flown Chinese parts in suitcases to Britain to maintain production and could run out after two weeks as the impact of the coronavirus outbreak hits firms across countries and industries.
Hedge funds use DIY strategies to gauge coronavirus impact
As investors crunch numbers to determine how the coronavirus will hit China’s economy, hedge fund manager Nathaniel Polachek has tied much of his outlook to the fate of a ship anchored near Weihai, China.
Oil falls nearly 1% on virus impact, OPEC+ delay
Oil prices fell almost 1% on Tuesday, pressured by concerns over the impact on crude demand from the coronavirus outbreak in China and a lack of further action by OPEC and its allies to support the market.
Trump blasts proposed restrictions on China trade, wants China to buy U.S. jet engines
U.S. President Donald Trump on Tuesday blasted proposed restrictions on trade with China and said national security cannot be used as an “excuse” to make it difficult for foreign countries to buy U.S. products.
Apple’s surprise sales warning pressures Wall Street
Technology stocks dragged down Wall Street on Tuesday after a surprise sales warning from bellwether Apple fanned worries about the impact of the coronavirus outbreak on global supply chains.
Dell to sell cybersecurity unit for $2.08 billion
Dell Technologies Inc said on Tuesday it would sell its cybersecurity unit RSA for $2.08 billion to a consortium led by Symphony Technology Group, Ontario Teachers’ Pension Plan Board and AlpInvest Partners.
Jaguar Land Rover’s UK output threatened by coronavirus-linked parts shortage
Jaguar Land Rover has enough parts from China to maintain its British production for the next two weeks but not beyond that at the moment due to the impact of the coronavirus outbreak, the firm’s boss said on Tuesday.
Apple’s surprise sales warning pressures Wall St
Technology stocks dragged down Wall Street on Tuesday after a surprise sales warning from bellwether Apple fanned worries about the impact of the coronavirus outbreak on global supply chains.
