Starbucks sees hit as coronavirus prompts over 2,000 China store closures
Starbucks Corp on Tuesday became the first major U.S. company to warn of a financial hit from the new coronavirus outbreak in China, as it...
AMD revenue forecast disappoints on weak console demand
Advanced Micro Devices Inc forecast current-quarter revenue below analysts’ estimates on Tuesday, as demand wanes from console makers ahead of new launches....
Exclusive: Do or die – Nissan takes the axe to the house Ghosn built
Nissan is planning aggressive cost cuts to deal with an unexpected slump in sales as the expansionist strategy it inherited from fugitive former Chairman Carlos...
AMD forecasts current-quarter revenue below estimates
Advanced Micro Devices Inc forecast current-quarter revenue below Wall Street estimates on Tuesday, due to waning demand from console makers such as Sony and Microsoft...
Exclusive: OxyContin maker Purdue is ‘Pharma Co X’ in U.S. opioid kickback probe – sources
OxyContin maker Purdue Pharma LP is the unnamed company that surfaced in criminal charging documents filed earlier this week in a probe of illegal kickbacks...
Deutsche Bank delays raises to fixed pay after changing annual date for pay adjustments
Deutsche Bank AG has delayed raises to fixed pay compensation at the German bank by three months until after April 1, citing the need to...
Starbucks expects impact from coronavirus in second quarter
Starbucks Corp said on Tuesday the outbreak of a new coronavirus in China would have a material impact on its second-quarter results....
Blink and you missed it: the U.S. yield curve inverted again
A closely watched bond market phenomenon has again flashed yellow, but investors are loathe to give it much weight....
Lordstown Motors pursuing $200 million U.S. retooling loan, will show EV truck at Detroit show: CEO
Electric pickup truck start-up Lordstown Motors is pursuing a $200 million loan from a U.S. Energy Department program to retool a former General Motors factory...
Global stocks rebound in broad rally, safe-havens lose luster
Global equity markets rebounded in a broad rally on Tuesday and some safe-haven assets lost a bit of their appeal as investors took a less...