Wall Street tumbles as virus outbreak raises growth fears
Wall Street’s main averages tumbled more than 1% on Friday, as mixed corporate earnings added to worries over the impact of the coronavirus outbreak on...
Exxon, Chevron results augur tough year ahead, shares drop 3%
Weaker crude oil and gas prices drove quarterly results sharply lower at Exxon Mobil Corp and Chevron Corp, pushing down shares at the two largest...
Exclusive: BMW delays next generation Mini due to Brexit uncertainty, costs
BMW has delayed the development of its next generation Mini as it seeks to cut costs and as uncertainty over Britain’s trade relations with the...
Eli Lilly prices migraine therapy at $640 for pack of eight pills
Eli Lilly and Co on Friday priced its acute migraine treatment at $640 for a pack of eight pills and said it will be made...
Bayer considers new tactic in Roundup settlement talks
As Bayer AG tries to settle U.S. lawsuits claiming that its weedkiller Roundup causes cancer, the company is considering a proposal that would bar plaintiffs’...
Airbus to pay $4 billion to settle corruption probe
European planemaker Airbus will pay 3.6 billion euros ($4 billion) to settle corruption probes by U.S., British and French authorities into contract dealings, lifting a...
Chevron swings to large loss on $10 billion in charges, shares sink
Chevron Corp swung to a large fourth-quarter loss on weaker oil and gas prices and $10.4 billion in charges as it stepped up efforts to...
U.S. consumer spending rises steadily; inflation remains tame
WASHINGTON (Reuters – U.S. consumer spending rose steadily in December, but tepid income gains pointed to moderate consumption growth this year, which together with slumping...
Wall St. set to open lower on virus fears
U.S. stock indexes were on course to open lower on Friday, as worries over the impact of the coronavirus epidemic on global growth overshadowed the...
Airbus to pay $4 billion to settle corruption probe: French prosecutor
European planemaker Airbus will pay 3.592 billion euros ($3.98 billion) to settle corruption probes by U.S., British and French authorities into contract dealings, France’s financial...