Wall Street pounded as WHO deems COVID-19 outbreak a pandemic
Wall Street plunged on Wednesday, bringing the stock market closer to bear market confirmation after the World Health Organization said it now considers the COVID-19...
Saudi, UAE gear up for long-term oil market fight with capacity plans
Top oil exporter Saudi Arabia said on Wednesday it would launch a program to boost production capacity for the first time in more than a...
Boeing to freeze hiring, overtime due to 737 MAX, virus impacts
Boeing Co is freezing new hiring and overtime except in certain critical areas in efforts to preserve cash due to the coronavirus outbreaks and the...
Starboard nominates minority slate of directors to eBay board: WSJ
Activist investor Starboard Value LP has nominated a minority slate of directors to eBay Inc’s board, the Wall Street Journal reported on Wednesday, citing people...
California, other states end opposition to T-Mobile, Sprint merger
California and other states which had fought a merger of Sprint Corp and T-Mobile US Inc over concerns about higher prices for consumers and less...
U.S. oil company workers made a big, bad retirement bet: their own stock
Employees at the largest U.S. oil companies have lost around $5 billion in retirement savings since the end of 2018 because of outsized bets on...
Warren Buffett to wait until April 1 to assess Berkshire Hathaway annual meeting: Omaha mayor
Warren Buffett intends to wait until around April 1 to decide whether the coronavirus outbreak will require changes to Berkshire Hathaway Inc’s annual shareholder weekend...
Trump to discuss coronavirus response with Wall Street chiefs
President Donald Trump will meet with Wall Street executives on Wednesday to discuss the financial industry’s response to the coronavirus and the toll it is...
NYSE takes steps to keep coronavirus from trading floor: memo
The New York Stock Exchange is taking steps to separate traders on the floor of its iconic 11 Wall Street building and employees of the...
Saudi Arabia asked state agencies to implement big budget cuts: sources
Saudi Arabia has asked state agencies to submit proposals for cuts of at least 20% to their budgets in a fresh austerity drive to cope...