March 12, 2020

No more nut rage: activist fund takes on family-controlled Korean Air

Days after photos of broken windows and smashed china hit the newsstands revealing a Christmas Day family squabble in the home of Korean Air’s late patriarch, […]
March 12, 2020

Gap sees 2020 profit above estimates, flags $100 mln virus hit to sales

Gap Inc leaned on its turnaround plan to forecast 2020 profit above market expectations on Thursday, but flagged a $100 million sales hit in Asia and […]
March 12, 2020

Business jet operators see demand surge on U.S. travel restrictions, coronavirus

New U.S. restrictions on Europeans entering the United States are fueling additional bookings for business jet flights, which were already in higher demand this year because […]
March 12, 2020

Broadcom withdraws 2020 revenue forecast on coronavirus worries

Broadcom Inc withdrew its revenue forecast for 2020 on Thursday, joining a host of chipmakers that have either cut or pulled their sales outlook due to […]
March 12, 2020

Plunging Wall Street stocks end record bull run

Wall Street tanked on Thursday, slamming the book on the longest-ever U.S. bull market after new travel restrictions to curb the coronavirus spread spooked investors and […]
March 12, 2020

Wall Street’s ‘fear gauge’ marks record surge after stock sell-off

An avalanche of selling in stocks on fears over the coronavirus outbreak took Wall Street’s “fear gauge” to its highest level since the financial crisis on […]
March 12, 2020

Deutsche Bank seeks to reassure employees, investors as stock slides

Deutsche Bank’s top executives sought to assure employees and investors over its ability to weather the coronavirus as shares in the German lender hit a new […]
March 12, 2020

French watchdog set to fine Apple over anti-competitive behavior: sources

France’s competition watchdog is set to fine iPhone maker Apple next Monday over anti-competitive behavior in its distribution and sales network, two sources close to the […]
March 12, 2020

Dow heads for worst day since 1987 as record bull run ends

The Dow Jones index was on course on Thursday for its worst performance since Wall Street’s “Black Monday” crash of 1987, as President Donald Trump’s move […]
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