February 18, 2020

Walmart’s holiday sales hurt by shorter season, lower demand for apparel

Walmart Inc reported lower-than-expected holiday quarter U.S. comparable sales on Tuesday as a shorter holiday season and weak demand for apparel, toys and electronics hurt sales […]
February 18, 2020

Nissan CEO tells angry shareholders he is ready to be sacked if no turnaround

Nissan’s new chief executive said on Tuesday he would accept being fired if he fails to turn around Japan’s second biggest automaker which is grappling with […]
February 18, 2020

Apple hits stocks, euro near three-year low

World stocks markets were knocked off record highs on Tuesday as two of the world’s mega companies reported damage from the coronavirus outbreak. Powered by WPeMatico
February 18, 2020

Boy Scouts of America files bankruptcy in wake of abuse lawsuits

The Boy Scouts of America said on Tuesday it had filed for Chapter 11 bankruptcy amid a flood of lawsuits over allegations of child sexual abuse […]
February 18, 2020

If Apple is hurting due to the coronavirus, its suppliers and rivals likely are too

Apple Inc’s surprise warning that it will likely fall short of this quarter’s sales target due to the coronavirus epidemic points to much pain for its […]
February 18, 2020

China races to contain job losses as coronavirus batters economy

When cameraman Mark Xia returned to his job this month after holidays, the Shanghai video production house where he worked told him to take three months […]
February 18, 2020

French finance minister warns Renault against job cuts, factory closures

French Finance Minister Bruno Le Maire warned Renault on Tuesday against shutting factories in France and cutting jobs there after the carmaker announced “no taboos” cost […]
February 18, 2020

Hong Kong protests hurt Holiday Inn-owner IHG, sees pain from virus outbreak

Holiday Inn-owner InterContinental Hotels Group reported on Tuesday a slight dip in annual room revenue, hurt by a fall in bookings in Hong Kong due to […]
February 18, 2020

Recession risk forces BOJ to row back on inflation goal

The widening economic fallout from the coronavirus outbreak and soft consumption are forcing the Bank of Japan to message more strongly that it is no longer […]
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