Norwegian Air’s shares jump as turnaround takes off
Norwegian Air’s turnaround gathered pace last month as the budget carrier removed unprofitable routes from its network and boosted the income from remaining flights, sending its shares up almost 6% in early trade.
Goldman bolsters Marcus staff as Britain spearheads consumer bank push
Goldman Sachs plans to expand its retail brand Marcus in Britain this year with more than 65 new staff, a mobile app and more savings products, as part of the group’s global shift towards consumer banking.
Oil prices fall as OPEC+ considers coronavirus action
Oil futures gave up early gains on Thursday despite possible action from the OPEC+ group of producers to counter an expected fall in oil demand as a consequence of the coronavirus outbreak.
Fiat Chrysler profit rises, outlook ‘firm’ ahead of Peugeot merger
Fiat Chrysler posted a 7% rise in fourth-quarter profit on Thursday, boosted by strong business in North America and better results in Latin America as it headed into a merger with France’s PSA .
U.S. weekly jobless claims at nine-month low; productivity rebounds
The number of Americans filing for unemployment benefits dropped to a nine-month low last week, suggesting a tightening labor market would continue keep the longest economic expansion in history on track.
Nike carves out South American strategy in consumer focus push
Nike Inc on Thursday said it would partner with some South American distributors, as a part of the footwear maker’s wider plan to sell new products directly to consumers faster.
FCA CEO: China disruptions could threaten production at a European plant within two-four weeks
Disruptions to auto parts production caused by the deadly virus outbreak in China could threaten production at one of Fiat Chrysler Automobiles’s European plants within two to four weeks, Chief Executive Mike Manley told Reuters.
China tariff cut set to power Wall Street to record highs
Wall Street’s main indexes were set to hit record highs at the open on Thursday as China’s plan to chop additional tariffs on some American goods by 50% helped ease fears over the financial fallout of the coronavirus epidemic.
How Chinese tariffs on U.S. imports will stand after February 14 cuts
China is preparing to halve the extra tariffs on U.S goods that went into effect last September, including on crude oil, soybeans, pork and beef.
Yum Brands misses same-store sales, profit estimates as Pizza Hut battles rivals
Yum Brands Inc reported quarterly same-store sales and profit that missed market expectations on Thursday, as sales at its Pizza Hut chain in the United States were hurt by stiff competition.
