January 29, 2020

Mondelez sees first quarter revenue hit on coronavirus outbreak

Oreo maker Mondelez Inc said on Wednesday it expects a hit to its first quarter revenue from a new coronavirus outbreak in China which has killed […]
January 29, 2020

Lyft cuts 2% jobs on journey to profitability

Lyft Inc said on Wednesday it had cut about 2% of its workforce, or 90 jobs, as the ride-hailing company seeks to achieve its goal of […]
January 29, 2020

Fed keeps interest rates steady, offers no new balance sheet guidance

The Federal Reserve held interest rates steady on Wednesday at its first policy meeting of the year, with the head of the U.S. central bank pointing […]
January 29, 2020

Fed holds rates steady, offers no new guidance on balance sheet

The Federal Reserve held interest rates steady on Wednesday at its first policy meeting of the year, with officials pointing to continued moderate U.S. economic growth […]
January 29, 2020

Google temporarily shutting down all China offices: The Verge

Alphabet Inc’s Google is temporarily shutting down all its offices in China due to the outbreak of a new coronavirus in the country, technology website The […]
January 29, 2020

L Brands CEO in talks to step aside and sell Victoria’s Secret: WSJ

Victoria’s Secret-owner L Brands Chief Executive Officer Leslie Wexner is in talks to step aside from the role and is exploring strategic alternatives for the lingerie […]
January 29, 2020

Oil mixed as virus fears, U.S. stock build face talk of further OPEC cuts

Oil prices were mixed on Wednesday as worries about the coronavirus outbreak and swelling U.S. crude inventories weighed on prices, counter-balanced by talk that OPEC could […]
January 29, 2020

Global stocks gain on solid results, but virus keeps safe-havens alive

Global equity markets edged higher on Wednesday on strong results from Apple and others but concerns about the coronavirus outbreak in China kept a safe-haven bid […]
January 29, 2020

Goldman Sachs sets growth targets but urges investor patience

Goldman Sachs Group Inc on Wednesday set targets to grow its fledgling consumer unit and transaction banking business while improving efficiency and returns to shareholders, but […]
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