Friday, February 28, 2020

Google Alert - finance

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finance
As-it-happens update February 28, 2020
NEWS
Reuters
LONDON (Reuters) - Three former Barclays (BARC.L) executives were unanimously acquitted on Friday of charges they helped funnel 322 million pounds ($418 million) in secret fees to Qatar in return for rescue financing during the credit crisis. Former ...
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Reuters
LONDON (Reuters) - 1/DATA DIAGNOSIS. A worker with sanitizing equipment disinfects inside the Shanghai Stock Exchange building, as the country is hit by a novel coronavirus outbreak, at the Pudong financial district in Shanghai, China February 28, 2020.
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The New York Times
Federal Reserve officials signaled a willingness to cut interest rates if the coronavirus outbreak worsens, laying out a scenario in which the central bank might respond as infections and quarantines spread globally. "We could cut rates if we got a global ...
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Variety
"I'll change that before I leave." That was the simple, but loaded pledge made last September by Bob Iger, the Walt Disney Company's former CEO and newly-minted executive chairman, when asked directly about his largely male, all-white executive ...
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Chron.com
Oil futures headed lower for a sixth straight session on Friday, poised for a second monthly decline, with the spread of the COVID-19 epidemic around the world expected to significantly dent demand for crude. Analysts said the tumble puts increased pressure ...
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CNBC
The legal market in Canada grew 107% in 2019, but illegal sellers still dominate with about 70% of the market. Cannabis stocks have fallen more than 60% over the past year. Canopy, Tilray, and Aurora have all launched "value brand" cannabis offerings to ...
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NBCNews.com
NEW YORK — U.S. stocks fell sharply in early trading Friday and were on track for their worst week since October 2008 as the spreading coronavirus threatens to derail the global economy. The virus outbreak has been shutting down industrial centers, ...
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Nasdaq
Networking equipment giant Cisco Systems (NASDAQ: CSCO) hasn't been kind to its investors recently. The stock has fallen 18% over the past 52 weeks, missing out on a 12% gain in the S&P 500 index. The tech-heavy Nasdaq Composite Index rose 24% ...
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USA TODAY
The Geneva Motor Show, which was poised to start next week, has been canceled. The Beijing auto show has been "postponed." And now the coronavirus, whose spread led to those two decisions, is also forcing leaders of April's New York International Auto ...
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CNBC
Wayfair's stock tanked Friday morning, after the online furniture retailer's losses widened more than expected during the holiday quarter. Its shares were recently down more than 15% in premarket trading. The issue for Wayfair has long been, and continues to ...
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USA TODAY
United Airlines on Friday became the first U.S. carrier to cut flights to Japan and Singapore amid a sharp drop in demand for Asia flights due to the coronavirus outbreak. The moves follow previous flight cuts by multiple U.S. and international airlines to China ...
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CNA
LONDON — Elliott Management Corp is pressing SoftBank Group Corp for details of nearly-$10 billion of investment securities on its balance sheet, as part of its campaign to improve the value of the Japanese conglomerate in which it holds a stake, sources ...
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Forbes
Jill Soltau, J.C.Penney CEO, believes that fashion is an attitude, not an age. She is right. Smart fashions can be worn by anyone of any age. It just has to be the fashion that is right for the person that wears it. At fiscal year-end, J.C.Penney had almost 23% less ...
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Motley Fool
The movie theater operator thinks there is more value in its depressed stock than in keeping the payout elevated. Rich Duprey. (TMFCop). Feb 28, 2020 at 10:16AM. Author Bio. Rich has been a Fool since 1998 and writing for the site since 2004. After 20 ...
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The Verge
Amazon has blocked over a million products from being sold after they made misleading claims about being able to cure or prevent COVID-19, the disease caused by the novel coronavirus, Reuters reports. The retailer also says it has removed tens of ...
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Washington Post
For as long as religious dietary guidelines have existed, somewhere there has likely been at least one moderately devoted practitioner desperately searching for loopholes. But the advent of technology that enables non-meat products to taste more like meat ...
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Nasdaq
Food-delivery service DoorDash announced on Thursday that it has filed a confidential S-1 with the Securities and Exchange Commission, the first step for the company to go public. It's just the latest development for the company after a very successful 2019, ...
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Motley Fool
Shares of Boeing (NYSE:BA) traded down more than 5% on Friday morning, joining the broader coronavirus-fueled market sell-off. Airline stocks have been clobbered particularly hard this week, and a prolonged downturn for airlines could eat into demand for ...
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Fox News
Three major U.S. carriers with service to Italy — American Airlines, Delta Air Lines and United Airlines — are offering travel waivers to Italy amid the ongoing COVID-19 outbreak. Delta, which announced the extension of its travel waivers to three Italian airports ...
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CNET
Customers of controversial facial recognition app Clearview AI include not only law enforcement agencies like Immigration and Customs Enforcement and the Department of Justice, but also companies such as retail giant Macy's, according to a Thursday ...
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The Dallas Morning News
A study released this week of about 740 beer drinkers in the United States shows that 38% of them said they "would not buy Corona [beer] under any circumstances now." Their fears are linked to the coronavirus, the respiratory illness COVID-19 that has ...
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One Green Planet
Marijuana stirs up all kinds of feelings across the spectrum of people you talk to and is a topic surrounded by quite a bit of controversy. You probably know it by this name, but it's also known as Mary Jane, pot, weed, grass, reefer, ganja, and many more ...
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WSOC Charlotte
SOUTH CAROLINA — Two former executives at a South Carolina utility lied repeatedly to regulators and investors about the progress of construction of two nuclear reactors taking more than a billion dollars out of the pockets of investors and ratepayers, ...
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Atlanta Business Chronicle
Delta is on the hunt for a new finances chief following an announcement Friday that Paul Jacobson will retire. Jacobson, who was hired as a financial analyst in 1997 and promoted to CFO in 2012, will remain at Delta Air Lines Inc. while a successor is named ...
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Pittsburgh Post-Gazette
Net revenue for pharmaceutical giant Mylan N.V. rose 4% to $3.16 billion for the three months ending Dec. 31, up from $3.04 billion a year ago, topping analysts predictions for the quarter. In its last full-year earnings report as a standalone company, Mylan, ...
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Insurance Journal
The California Public Utilities Commission has issued an administrative law judge decision imposing $2.137 billion in penalties against Pacific Gas and Electric Company for the utility's role in the catastrophic 2017 and 2018 wildfires. If PG&E agrees to the ...
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syracuse.com
Every weekday morning, we deliver the news in under five minutes in podcast form. Listen to the latest episode at this link, or on your favorite app including Alexa, Google, Spotify and Stitcher (coming soon on Apple). Episodes are available every morning on ...
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Bloomberg
Beyond Meat Inc. shares fell the most in four months despite posting revenue that blew past analysts' estimates -- a sign investors may be looking for more than rapid sales growth from the faux meat maker. The company's fourth-quarter sales of $98.5 million ...
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Reuters
HAMBURG, Germany (Reuters) - Volkswagen (VOWG_p.DE) and a major German consumer group said on Friday that they had reached an 830 million euro ($902.04 million) agreement in a class action lawsuit over the carmaker's rigging of diesel emissions ...
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newstalk955.com
KALISPELL, Mont. (AP) — Glacier National Park officials are searching for a shuttle service operator in northwest Montana after ending a decade-long partnership with the Flathead County in December. The county provided free shuttle service to visitors since ...
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Milford Daily News
MILLIS - Commonwealth Cannabis Co. announced today that it has launched "SIP," a cannabis-infused soda. The 100% all-natural soda is made with THC distillate, real cane sugar and fresh lemon juice, according to a press release from the ...
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Daily Voice
The Colonel has closed the doors at the KFC on Route 35 in Neptune City. Central Jersey's fast-food restaurant, formerly known as Kentucky Fried Chicken, was located for decades at the corner of 35 Third Ave. and Route 35.
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Yahoo Finance
The fast spreading coronavirus has taken away the stock market's shine, pushing the major U.S. indices into a correction territory (a fall of 10% or more from the recent peak). The S&P 500 saw the fastest correction since the Great Depression with six ...
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Financial Times
Air New Zealand has unveiled plans to introduce bunk beds in economy class on long-haul flights. The airline last week filed patent and trademark applications for its "Economy Skynest", a prototype that includes six sleeping pods ...
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kslnewsradio.com
(CNN) — Coca-Cola says coronavirus has disrupted its supply chain, and artificial sweeteners from China could be in shorter supply if the outbreak continues to spread. Production and exports have been delayed for Coke's suppliers of sugar alternatives ...
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Yahoo Canada Finance
(Bloomberg) -- The Cboe Volatility Index closed at nearly 40 on Thursday, and some market watchers are saying high levels might stick around a bit longer than in past VIX spikes. When Wall Street's "fear gauge" spiked in the volatility-induced meltdown of ...
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Livemint
The Indian rupee (INR) today slumped to a six-month low against the US dollar (USD), tracking a rout in domestic equities. The rupee today fell to a six-month low of 72.27 against the US dollar as compared to its previous close of 71.56. The rupee closed at ...
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The Scottish Sun
TWO easyJet passengers were arrested after a "violent fight" allegedly left the cabin "covered in blood," according to reports. Cops were called to Edinburgh Airport to meet the plane as it landed from Copenhagen after the trouble erupted on board. EasyJet ...
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AZCentral.com
Every year, approximately 6.5 million companion animals enter shelters nationwide, according to the American Society for the Prevention of Cruelty to Animals. Of those, about 3.3 million are dogs and 3.2 million are cats. Each week, The Arizona Republic ...
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CNET
Mercedes-AMG's Panamericana grille looks good on just about every vehicle it graces. Mercedes-Benz. When the original Mercedes-Benz M-Class first received the hi-po AMG treatment, the company wasn't entirely sure the world would embrace this new ...
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