Wall Street slips as coronavirus fears mount
Wall Street lost ground on Thursday, backing away from record highs as investors digested new coronavirus developments and mixed corporate earnings....
Judge OKs Philly refiner’s bankruptcy plan, sale to property developer: documents
The Philadelphia Energy Solutions oil refinery site will be sold for $252 million and redeveloped under a plan approved in bankruptcy court on Thursday, ending...
Emerson says will not pursue a break-up following internal review
Emerson Electric Co told investors on Thursday it would not pursue a break-up following a review it launched last year into whether to separate its...
Judge grants Amazon motion for pause in Microsoft’s Pentagon contract work
A U.S. judge on Thursday granted Amazon.com Inc’s request to temporarily halt the U.S. Department of Defense and Microsoft Corp from moving forward on an...
Mattel beats profit estimates as cost cuts take hold
Mattel Inc on Thursday beat estimates for quarterly profit as it benefited from a robust cost-cutting program, even as holiday season sales of its flagship...
Walmart’s Mexico unit posts 4.5% drop in net profit
Walmart de Mexico, Mexico’s largest retailer, on Thursday reported fourth quarter net profit of 11.2 billion pesos ($594.7 million), a 4.5% drop over the same...
Mattel adjusted profit rises on cost cuts, North America Barbie sales dip
Mattel Inc reported a rise in adjusted quarterly profit on Thursday as the company kept a tight leash on costs, even as holiday season sales...
Investors expect any T-Mobile/Sprint deal price haircut to be small
(This Feb 11 story corrects reference to value of Sprint’s spectrum in paragraph 11)...
Judge grants Amazon bid to pause Microsoft’s Pentagon contract work
A U.S. judge on Thursday granted Amazon.com Inc’s request for a preliminary injunction to pause the U.S. Department of Defense and Microsoft Corp from moving...
U.S. adds new charges to its case against Huawei
The U.S. government on Thursday added fresh charges to its case against Chinese smartphone maker Huawei Technologies Co that has angered China and hurt U.S.-Chinese...