TIM board views positively KKR’s non-binding bid for fiber-optic network
Telecom Italia (TIM) said on Thursday its board viewed positively a non-binding offer by U.S. investment firm KKR to become the Italian telecoms group’s exclusive...
DoorDash files to go public in latest IPO test for unprofitable startups
DoorDash Inc, the loss-making U.S. food delivery startup backed by SoftBank Group Corp , said on Thursday it has filed for an initial public offering...
Wall Street hammered by coronavirus anxiety; briefly confirms correction
Wall Street’s main indexes tumbled nearly 2% on Thursday and confirmed a correction that began last week, as the rapid spread of the coronavirus outside...
Oil prices dive to lowest in over a year as virus fears grow
Oil prices fell for a fifth straight day on Thursday, plunging to their lowest levels since January 2019 as more new coronavirus cases outside China...
Starbucks’ CEO says 85% of stores in China are open
Starbucks Corp said on Thursday 85% of its stores in China were open, weeks after the coffee chain shut nearly half of its over 4,000...
Bayer cools prospect of imminent glyphosate settlement
German drugs and pesticides company Bayer was at pains on Thursday to quell expectations it was nearing an out-of-court settlement laying to rest claims its...
Huawei plans first European 5G factory in France in bid to ease Western worries
Huawei will build its first European manufacturing plant in France, the chairman said on Thursday, as the Chinese telecom giant seeks to ease worldwide concerns...
U.S. fourth-quarter GDP unrevised; weakness in business spending persists
The U.S. economy grew moderately in the fourth quarter, the government confirmed on Thursday, and is facing a bumpy road in early 2020 amid the...
Fed rate cut next month? Traders are betting on it
The U.S. central bank will move to reduce borrowing costs as soon as next month to cushion the world’s biggest economy from the impact of...
Wall Street in correction territory on alarm over fast-spreading virus
Wall Street’s main indexes slipped into correction territory minutes after the open on Thursday as the rapid spread of the coronavirus outside China deepened worries...