February 11, 2020

Under Armour shares drop after surprise profit decline warning for 2020

Under Armour Inc on Tuesday forecast a surprise drop in 2020 profit, blaming ongoing weakness in its North American business and the coronavirus outbreak in China, […]
February 11, 2020

Fed’s Powell says economy ‘resilient,’ but warns on coronavirus, productivity

Federal Reserve Chair Jerome Powell was fairly upbeat about the outlook for the U.S. economy in the first of his twice-a-year updates to Congress on Tuesday, […]
February 11, 2020

T-Mobile-Sprint merger wins approval from U.S. judge

A federal judge on Tuesday approved wireless carrier T-Mobile US Inc’s takeover of Sprint Corp, rejecting a claim by a group of states that said the […]
February 11, 2020

NY attorney general considers appealing ruling OK’ing Sprint T-Mobile merger

New York Attorney General Letitia James said Tuesday the state may appeal a court ruling approving a merger between No.3 and No.4 wireless carriers T-Mobile US […]
February 11, 2020

WeWork says to become free cash flow positive by 2022

Office sharing startup WeWork on Tuesday brought forward its target for becoming free cash flow positive by a year to 2022 and said it expects to […]
February 11, 2020

Daimler’s Mercedes sales drive higher but charges put brakes on profit

Daimler reported a 64% fall in 2019 net profit, its largest drop in a decade, despite record high Mercedes-Benz sales as CEO Ola Kaellenius signed off […]
February 11, 2020

Barren streets but bustling stock markets in virus-stricken China

Shops, restaurants and cinemas may be deserted in many parts of virus-plagued China, but online trading forums, internet roadshows and analyst calls are teeming with investors […]
February 11, 2020

Small Hong Kong businesses count the cost of coronavirus

As the spread of coronavirus sends jitters across Hong Kong, usually bustling shopping malls, restaurants and retailers are deserted, leaving some small business owners contemplating their […]
February 11, 2020

Exclusive: JPMorgan in talks to merge blockchain unit Quorum with startup ConsenSys – sources

JPMorgan Chase & Co is in talks to merge its marquee blockchain unit Quorum with Brooklyn-based startup ConsenSys, according to people familiar with the plans. Powered […]
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