Breen to return as DuPont CEO
DuPont has brought back management veteran Edward Breen as its chief executive officer, in a move that the industrial materials maker is hoping will help lift sluggish sales since its split from DowDuPont Inc.
Apple’s surprise sales warning pressures futures
U.S. stock index futures dropped on Tuesday as investors returned from a long weekend to a sales warning from Apple Inc that highlighted the impact of the coronavirus outbreak on global supply chains.
20 years after dot-com peak, tech dominance keeps investors on edge
As Wall Street approaches the 20th anniversary of the piercing of the dot-com bubble, today’s decade-old rally led by a few small players shows some similarities that cautious investors are keeping an eye on.
Walmart sees slowing online sales growth after lackluster holiday quarter
Walmart Inc forecast slowing online growth for the year on Tuesday after reporting weak results for the holiday quarter that suggested it was leaking sales to Amazon.com.
Exclusive: Samsung wins 5-nanometer modem chip contract from Qualcomm – sources
Samsung Electronics Co Ltd’s semiconductor manufacturing division has won a contract to make new Qualcomm Inc 5G chips using its most advanced chip-making technology, two sources familiar with the matter said, boosting the Korean firm’s efforts to ga…
StanChart commits $75 billion toward sustainable development goals
Standard Chartered on Tuesday said it will provide $75 billion in financing by 2024 toward sustainable development and clean energy projects, as it expands on its aspirations to support the Paris Agreement on climate change.
HSBC eyes $600 million in losses if Coronavirus persists
HSBC could be forced to take $600 million in additional provisions against loan losses if the Coronavirus outbreak persists into the second half of this year, Chief Financial Officer Ewan Stevenson said on Tuesday.
Oil drops below $57 on coronavirus impact and OPEC+ delay
Oil fell below $57 a barrel on Tuesday, pressured by concerns over the impact on oil demand from the coronavirus outbreak in China and a lack of further action by OPEC and its allies to support the market.
Walmart’s holiday sales hurt by shorter season, lower demand for apparel
Walmart Inc reported lower-than-expected holiday quarter U.S. comparable sales on Tuesday as a shorter holiday season and weak demand for apparel, toys and electronics hurt sales in stores.
China races to contain job losses as coronavirus batters economy
When cameraman Mark Xia returned to his job this month after holidays, the Shanghai video production house where he worked told him to take three months of leave with no pay, as a coronavirus epidemic takes a toll of China’s businesses.
