Top Stories in Business
Oil prices drop to lowest in more than a year as coronavirus spreads
Wed, 26 Feb 2020 15:26:42 -0500
Oil prices fell to their lowest in more than a year on Wednesday after hundreds of new coronavirus cases reported in Europe and the Middle East stoked fears that energy demand would decline, and on concerns that the virus could spread across the United States.
California's self-driving car companies cover 2.9 million miles in 2019: DMV
Wed, 26 Feb 2020 15:22:30 -0500
Self-driving car companies in California covered nearly 2.9 million miles on public roads during 2019, the state's Department of Motor Vehicles said on Wednesday.
Wall Street loses ground on fears of NY virus spread
Wed, 26 Feb 2020 14:48:05 -0500
U.S. stocks lost ground with the S&P falling to session lows in a volatile session on investor jitters on Wednesday over the prospect of coronavirus cases in New York after officials said they were monitoring 83 people who visited China.
Nokia explores strategic options: Bloomberg News
Wed, 26 Feb 2020 14:45:56 -0500
Finnish telecom network equipment maker Nokia Oyj is exploring strategic options and is working with advisers to consider potential asset sales and mergers, Bloomberg News reported on Wednesday, citing people familiar with the matter.
U.S. Supreme Court allows retirement plan lawsuit against Intel
Wed, 26 Feb 2020 14:43:12 -0500
The U.S. Supreme Court on Wednesday refused to back stricter deadlines for workers to sue retirement plans over alleged mismanagement, ruling Intel Corp cannot avoid a suit accusing it of unlawfully making high-risk investments that cost retirement plan beneficiaries hundreds of millions of dollars.
Facebook to ban misleading ads about coronavirus
Wed, 26 Feb 2020 14:39:44 -0500
Facebook Inc said on Wednesday it would ban advertisements for products offering any cures or prevention around the coronavirus outbreak, and those that create a sense of urgency around the situation.
Wells Fargo workers seek Washington's help with internal gripes
Wed, 26 Feb 2020 14:37:31 -0500
A contingent of aggrieved Wells Fargo & Co workers are taking complaints to Capitol Hill, saying they feel brushed aside by management.
U.S. consumer spending could see one-two punch from stocks drop, coronavirus
Wed, 26 Feb 2020 14:23:59 -0500
The coronavirus outbreak has yet to spread meaningfully to U.S. shores, but fears of it alone have already eviscerated some $2 trillion of American stock market value, setting off a market rout that could stymie consumer spending - even before other economic effects of the disease are felt.
NMC Health removes CEO as investigation into finances continues
Wed, 26 Feb 2020 14:19:28 -0500
NMC Health fired Chief Executive Prasanth Manghat and granted its finance chief extended sick leave, the healthcare company said on Wednesday after the firm unveiled details from its ongoing investigation into its finances.
Stocks, oil drop as coronavirus fears grip markets
Wed, 26 Feb 2020 14:13:22 -0500
Stocks and oil prices resumed their sharp decline on Wednesday after a report said over 80 people were being monitored for the novel coronavirus in New York State's Long Island.
Aston Martin investor blazes green trail for buyout fund
Wed, 26 Feb 2020 14:09:12 -0500
The top shareholder of carmaker Aston Martin is on a mission to turn investments from theme parks to high-end furniture brands "carbon positive" by the end of 2020, as buyout funds battle to woo investors increasingly focused on tackling global warming.
Starbucks to launch Beyond Meat plant-based breakfast sandwich in Canada
Wed, 26 Feb 2020 13:48:59 -0500
Starbucks Corp said on Wednesday its Canadian stores will start selling a Beyond Meat Inc plant-based breakfast sandwich next week, the first time the world's biggest coffee chain will offer an imitation meat product.