Risk assets slip on Chinese virus anxiety
Risk assets took a hit across the globe on Tuesday while the Japanese yen and U.S. Treasury prices gained as financial markets reacted to mounting...
Starbucks to add more plant-based food in latest green push; Beyond Meat shares jump
Starbucks Corp aims to add more plant-based food and drinks to its menu as part of the company’s latest plan to become more environmentally friendly,...
Oil market shrugs off Libya crisis amid ample global supply
Oil prices fell on Tuesday on expectations that a well-supplied global market, including supplies from growing record U.S. production, would be able to absorb disruptions...
Goldman CEO says process on canceled WeWork IPO ‘worked’
Goldman Sachs Chief Executive David Solomon called WeWork’s abandoned initial public offering (IPO) a great example of the listing process working on Tuesday, even if...
Exclusive: Philadelphia refinery expected to be sold to real estate developer – sources
The bankrupt Philadelphia Energy Solutions is expected to sell its fire-damaged refinery site to real estate developer Hilco Redevelopment Partners, three sources familiar with the...
NYC Transit expects return of Bombardier subway cars to service this week
New York City Transit expects subway cars recently built by Bombardier to return to service this week, after the estimated 300 cars were yanked earlier...
Risk assets dragged lower by Chinese virus anxiety
Risk assets took a hit across the globe on Tuesday while the Japanese yen and some developed country bond prices gained as financial markets reacted...
Britain’s Sainsbury’s to cut hundreds of management jobs
Britain’s Sainsbury’s plans to cut hundreds of management jobs as it seeks to bring its main supermarket operation and its Argos general merchandise arm closer...
Halliburton takes $2.2 billion charge on shale slump
U.S. oilfield services firm Halliburton Co. on Tuesday disclosed a $2.2 billion charge to earnings as weakening North American shale activity continued to hit the...
China virus scare sends shudder through European luxury goods sector
European luxury stocks slumped across the board on Tuesday on fears that the coronavirus virus outbreak in China could hurt sales of high-end brands that...