Walt Disney's Bob Iger steps down as CEO
Walt Disney Co's Robert Iger will step down as chief executive officer, handing the reins to Disney Parks head Bob Chapek, the company said on Tuesday, ending years of speculation on who will take over Hollywood's most powerful studio. Jillian Kitche
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Wall St. sees biggest weekly slump since 2008 crisis
Stocks fell for a seventh straight session and suffered their largest weekly drop since the financial crisis but ended Friday above their lows after Federal Reserve Chairman Jerome Powell issued a statement. Conway G.
Week ahead: more market turmoil or Fed to the rescue?
After the biggest weekly drop for stocks since the financial crisis, investors in the coming week are looking to see if the market will rebound or add to losses and what will the catalyst be for either move. Conway G. Gittens has the look ahead.
Fed: “will act as appropriate” on coronavirus impact
Fed Chair Jerome Powell’s statement Friday signals that the central bank will cut interest rates in March to support the economy, says RegentAtlantic’s Andy Kapyrin.
Coronavirus spread wipes trillions off markets
As the world prepares for a feared coronavirus pandemic, more new countries reported their first cases; many originating from Italy and Iran.
Dow drops more than 1000 points
Wall Street dropped sharply Friday morning as the rapidly spreading coronavirus outbreak raised fears of a global recession.
Switzerland bans all big events as virus fears mount
Switzerland has banned all events likely to attract more than 1,000 people as it battles to contain the coronavirus. The Geneva Car Show and Swiss football matches are an early casualty.
Tokyo Disneyland to close through mid-March
Tokyo Disneyland will be closed from Saturday to March 15 due to concerns about coronavirus infections spreading in Japan. As Fred Katayama reports, that leaves all of
Ex-Barclays bankers cleared over Qatar fees in blow to UK fraud office
Three former Barclays executives were acquitted in London on Friday of charges they helped funnel 322 million pounds ($418 million) in secret fees to Qatar during the credit crisis, in return for rescue funding. Ciara Lee reports
Revival gives Rolls-Royce confidence despite coronavirus
Rolls-Royce has got to grips with a long-running engine problem and enjoyed a strong end to 2019, leaving it well placed to cope with any disruption caused by the coronavirus outbreak, it said on Friday. Ciara Lee reports
European airlines sound alarm over coronavirus impact
British Airways owner IAG, EasyJet and Finnair all sounded the alarm over the coronavirus on Friday.
Coronavirus crash wipes $5 trillion off world stocks
Coronavirus panic sent world share markets crashing again on Friday, compounding their worst week since the 2008 global financial crisis and bringing the wipeout in value terms to $5 trillion. Ciara Lee reports
Hyundai shuts down factory due to infected worker
South Korean automaker Hyundai's shares have fallen more than 5% after the company announced it would shut down a factory where one worker tested positive for the coronavirus.
Beyond Meat triples sales but earnings disappoint
Beyond Meat said on Thursday that fourth-quarter sales tripled, but shares fell 7% in after-hours trading as the company missed earnings expectations and announced that its Executive Chairman will resign. Lisa Bernhard has more.
Is new Disney CEO Bob Chapek up to the task?
A potential pandemic and the challenge of figuring out the future of entertainment greeted Bob Chapek as he took over this week as Chief Executive Officer of The Walt Disney Company. Lisa Bernhard has more.
Fed's "trick" is over: investment officer
Historically low Treasury yields and political pressure could push the Fed to lower rates but it would be unlikely to help stocks much, says Global X’s Jon Maier.
Wall St. extends plunge as coronavirus spreads
U.S. stocks tumbled for a sixth consecutive session as the rapid spread of coronavirus fueled global economic growth fears. Conway G.
J.C. Penney sees sales falling in 2020
J.C. Penney's quarterly profit and revenue slid but beat estimates. As Fred Katayama reports, the department store chain sees sales continuing to fall in 2020.
UK on collision course with EU over trade talks mandate
The UK government has unveiled a tough negotiating mandate for trade talks with the European Union, saying it will walk away with no deal at the end of the transition period In December if "good progress" is not made by June.
Best Buy bucks holiday sales trend
Strong sales of mobile phones, tablets and headphones helped Best Buy post quarterly profit and sales that beat expectations. As Fred Katayama reports, its investment in its e-commerce operations is paying off.
Carrefour turns around after $1.1 bln savings drive
French retailer Carrefour says profits are on the up and a turnaround in progress after it hit a target of $1.1 billion in cost savings.
UK judge throws out Heathrow expansion plan
Heathrow Airport’s $18bln plan for a new runway is in doubt after a UK judge said it didn’t comply with the country’s commitments on climate change.
World scrambles to curb fast-spreading coronavirus
Governments boosted measures on Thursday to battle the coronavirus epidemic as the number of infections outside China, the source of the outbreak, for the first time surpassed those appearing inside the country.
Oil prices keep falling as virus fears weigh
Oil prices fell for a fifth day on Thursday, hitting their lowest since early 2019, as the coronavirus outbreak raised growing fears for global growth. Ciara Lee reports
European stocks slide again on pandemic fears
European shares fell again on Thursday, with travel stocks taking the biggest knock, as a jump in new coronavirus cases outside of China deepened fears of a pandemic that could dent global growth. Ciara Lee reports