March 2, 2020

Apple to pay up to $500 million to settle U.S. lawsuit over slow iPhones

Apple Inc has agreed to pay up to $500 million to settle litigation accusing it of quietly slowing down older iPhones as it launched new models, […]
March 2, 2020

Amtrak names new CEO to head money-losing passenger railroad

Amtrak said Monday it had tapped Atlas Air’s chief executive to run the money-losing U.S. passenger railroad that has seen record traffic. Powered by WPeMatico
March 2, 2020

Amazon’s fight against $277 million EU tax order kicks off in court on Thursday

Amazon will on Thursday seek to overturn an EU order to repay about 250 million euros ($277 million) in back taxes to Luxembourg at Europe’s second-highest […]
March 2, 2020

Stocks rally after last week’s rout on central bank policy hopes

Equity markets around the world rose on Monday as the prospect that central banks will cut interest rates to soften the economic blow of the coronavirus […]
March 2, 2020

Oil up over 4% as hopes of OPEC cut, stimulus counter virus gloom

Oil prices rose over 4% on Monday, reversing an early fall to multi-year lows as hopes of a deeper cut in output by OPEC and stimulus […]
March 2, 2020

Wall Street buys the dip as investors bet on stimulus

Wall Street surged on Monday as investors hunted for bargains following reassurances by central banks that they stood ready to counter the economic impact from the […]
March 2, 2020

U.S. manufacturing sector stalls as coronavirus hits supply chains

U.S. factory manufacturing activity slowed in February as new orders contracted, reflecting worries about supply chain disruptions related to the fast-spreading coronavirus outbreak, which has revived […]
March 2, 2020

IMF, World Bank say ready to address economic challenges of coronavirus

The International Monetary Fund and the World Bank on Monday said they stood ready to help member countries address the human and economic challenges of the […]
March 2, 2020

Chevron offering U.S. workers buyouts to trim staffing: sources

Chevron Corp is offering buyouts to reduce its U.S. oil exploration and production workforce, three sources told Reuters, as the oil major moves to cut costs […]
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