February 25, 2020

Mallinckrodt proposes $1.6 billion opioid deal, Chapter 11 for generics unit: WSJ

Mallinckrodt Plc is finalizing a settlement proposal of at least $1.6 billion that would place its U.S. generic drug business into bankruptcy to address the debt […]
February 24, 2020

United Airlines suspends 2020 guidance on coronavirus uncertainty

United Airlines Inc on Monday withdrew its full-year 2020 guidance, citing heightened uncertainty over how the duration and spread of the coronavirus to other regions could […]
February 24, 2020

Mastercard says coronavirus to hit first-quarter revenue

Mastercard Inc said on Monday its net revenue in the first quarter will take a hit of between 2% and 3% over its previous forecast if […]
February 24, 2020

Asian shares lead global rout, bonds bet on rate cuts

Asian share markets were heading south on Tuesday amid fears the coronavirus was rapidly mutating into a pandemic that could cripple global supply chains and wreak […]
February 24, 2020

U.S. safety board to issue new recommendations in probe of fatal Tesla Autopilot crash

The National Transportation Safety Board will hold a public hearing on Tuesday to establish the probable cause of a fatal March 2018 Tesla Autopilot crash in […]
February 24, 2020

U.S. still eyeing ways to curb sales to Huawei after Trump’s chipmaker comments: sources

U.S. government officials are still considering ways to further curb sales to China’s Huawei Technologies [HWT.UL], despite President Donald Trump’s tweets and comments last week in […]
February 24, 2020

Europe’s top firms must double low-carbon investment: study

Europe’s top companies need to more than double their current level of spending on low-carbon projects to meet the European Commission’s flagship goal of ‘climate neutrality’ […]
February 24, 2020

Citi, Credit Suisse among banks curbing Italy trips on coronavirus fears: sources

Investment banks including Citigroup Inc , Credit Suisse and Nomura Holdings Inc have curbed trips to Italy on fears that the coronavirus outbreak across the north […]
February 24, 2020

Fed’s Mester sees U.S. economy performing well, coronavirus a ‘big risk’

The U.S. economy should continue to perform well this year and monetary policy is currently well positioned despite the risk posed by the coronavirus outbreak, Cleveland […]
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