Shareholder activists test JPMorgan’s Dimon on climate proposals
Shareholder activists focused on climate issues vowed to press proxy battles with JPMorgan Chase & Co after getting a cold reception from the top Wall Street bank, even though Chief Executive Jamie Dimon has vowed to protect the environment.
Spanish health authorities say no reason to cancel Mobile World Congress
Spanish health officials said on Wednesday there was no reason to cancel the Mobile World Congress in Barcelona over coronavirus fears, despite major companies pulling out of the event.
S&P 500, Dow clinch fresh highs as new coronavirus cases drop
The S&P 500 and Dow Jones Industrials hit all-time highs on Wednesday as investors drew comfort from a drop in the number of new cases of coronavirus infections in China.
Alstom board to decide on Bombardier rail business bid: source
French train maker Alstom’s board will meet on Wednesday evening to decide on a possible offer for the rail business of Canada’s Bombardier , a source familiar with the situation told Reuters.
S&P 500, Dow hit all-time highs as coronavirus spread slows
The S&P 500 and the Dow Jones Industrials hit record highs minutes after the open on Wednesday on signs that the coronavirus outbreak is slowing in China.
Nissan sues Ghosn for damages, risks plunging to loss
Nissan Motor Co could be heading for its first quarterly loss in more than a decade, three company sources said on Wednesday, as news emerged the Japanese carmaker is seeking $91 million in damages from ousted former boss Carlos Ghosn.
Bed Bath & Beyond’s gloomy sales indicate tough turnaround ahead
Shares of Bed Bath & Beyond Inc were on pace for their worst day ever on Wednesday, as disappointing sales numbers raised concerns on Wall Street that the retailer’s turnaround would take longer and be much tougher than anticipated.
Organisers poised to call off Mobile World Congress: sources
Organisers of the Mobile World Congress (MWC) will decide on Wednesday whether to cancel the event, two sources said, after several major European telecom companies pulled out due to the coronavirus outbreak.
Oil rises 3% as fall in new coronavirus cases in China eases fuel demand concerns
Oil prices rose 3% on Wednesday as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel demand in the world’s second-largest oil consumer may begin to recover.
Alstom board meeting to decide on bid for Bombardier rail business: source
French train maker Alstom’s board will meet on Wednesday evening to decide on a possible offer for the rail business of Canada’s Bombardier , a source familiar with the situation told Reuters.
