Pfizer warns of hit to financial results on continued coronavirus outbreak
Pfizer Inc on Thursday warned that the continued spread of the coronavirus globally could have an adverse impact on its financial results....
Fed seen slashing rates amid virus threat, low inflation
The Federal Reserve may need to move aggressively to cut borrowing costs to cushion the economy from the rapid spread of the new coronavirus, in...
Opioid companies say lawyers’ fee demand threatens settlement talks
Johnson & Johnson and other drug companies facing thousands of lawsuits over their role in the opioid epidemic have warned that settlement talks will be...
Telecom Italia picks KKR as partner for Italian broadband
Telecom Italia (TIM) on Thursday picked KKR as exclusive partner to develop a fibre-optic network, saying its board had taken positive note of a non-binding...
FCC to propose fines for U.S. cellphone carriers over consumer data disclosures
The U.S. Federal Communications Commission (FCC) is set to propose fining four major U.S. mobile phone companies expected to total at least $200 million in...
Facebook, Microsoft shelve conference plans as coronavirus fears spread
Facebook Inc said on Thursday it would cancel its annual developer conference due to fears over the coronavirus outbreak and Microsoft Corp followed suit by...
Goldman Sachs asks some to skip conference over coronavirus concerns
Goldman Sachs Group Inc is asking people not to attend the bank’s New York conference next week if they or someone they are close to...
Wall Street flirts with correction amid pandemic fears
Wall street’s main indexes tumbled for the sixth straight session on Thursday, reaching a territory that could mark a nosedive from record highs last week...
Thyssenkrupp sells elevator unit for $18.7 billion to Advent-led consortium
Thyssenkrupp on Thursday said it agreed to sell its prized elevator division to a private equity consortium including Advent, Cinven and Germany’s RAG foundation for...
Thyssenkrupp sells elevator unit for $18.7 billion to Advent-led consortium
Thyssenkrupp on Thursday said it agreed to sell its elevators division to a consortium of Advent, Cinven [CINV.UL] and Germany’s RAG foundation for 17.2 billion...