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Saturday, February 29, 2020

American Airlines suspending flights to Milan after U.S. travel warning

American Airlines Inc will suspend all U.S. flights to Milan, the airline said late on Saturday, just hours after the U.S. State Department said it was raising its travel warning for parts of Italy due to the coronavirus outbreak.


from Reuters: Business News https://ift.tt/2TbFD5O

Northern rail: Government takes over after chaos

The government takes over services from Sunday which were previously operated by Arriva Rail North.

from BBC News - Business https://ift.tt/2I8uJr6

Coronavirus: Italian economy takes a body blow

Could Italy's health crisis be the factor that tips the country into another recession?

from BBC News - Business https://ift.tt/2vuDBEJ

Coronavirus splits Dow stocks performance between bad and worse


Coronavirus splits Dow stocks performance between bad and worse



US stocks clocked the worst week since 2008.

Coronavirus reaching pandemic may hurl US economy into recession


Coronavirus reaching pandemic may hurl US economy into recession



U.S. equity markets just suffered their steepest weekly drop since the financial crisis.

Bob Iger's Disney legacy


Bob Iger's Disney legacy



Bob Iger’s Disney tenure as CEO boasts over 15 years at the helm.

Elliott Management seeks Twitter CEO Jack Dorsey's ouster: Report


Elliott Management seeks Twitter CEO Jack Dorsey's ouster: Report



The investment firm has privately approached Twitter about its concerns, according to a report.

Amazon takes coronavirus precautions, shifts some job interviews online


Amazon takes coronavirus precautions, shifts some job interviews online



Amazon confirmed that it has asked employees to avoid non-essential travel for the time being

Trump: 'I hope the Fed gets involved' as coronavirus crushes stocks


Trump: 'I hope the Fed gets involved' as coronavirus crushes stocks



The Fed took another pounding from Trump after a wild week on Wall Street.

Harley-Davidson CEO to leave struggling motorcycle maker


Harley-Davidson CEO to leave struggling motorcycle maker



Board member Jochen Zeitz will become acting president and CEO while a board search committee is formed.

Toyota plans new $1.2 billion EV plant in Tianjin with FAW: document

Japanese automaker Toyota plans to build a new electric vehicle plant in the Chinese city of Tianjin with its local partner FAW Group, a document from the local authorities showed.


from Reuters: Business News https://ift.tt/2uGEbiv

Friday, February 28, 2020

Elliott targets Twitter, seeking CEO Dorsey's removal: sources

Hedge fund Elliott Management Corp has amassed a stake in Twitter Inc and is pushing for changes, including removal of the social media company's chief executive, Jack Dorsey, two people familiar with the matter said on Friday.


from Reuters: Business News https://ift.tt/32CNBrV

USTR vows to push for trade deals with Britain, EU; seeks reforms at WTO

The Trump administration on Friday said it would focus on concluding new trade agreements with Britain, the European Union and Kenya over the coming year, while strictly enforcing trade laws and pushing for reforms of the World Trade Organization.


from Reuters: Business News https://ift.tt/2PzzY7z

Harley-Davidson looks for new leadership to end its sales struggle

Harley-Davidson Inc on Friday named a board member hailed for turning around the Puma brand's near-bankrupt business as its interim chief as the motorcycle maker gropes for an effective strategy to woo young customers and revive sales.


from Reuters: Business News https://ift.tt/3ck5n7G

Elliott built a stake in Twitter, is pushing for changes: sources

Activist hedge fund Elliott Management, which often pushes technology companies to improve operations, has built a stake in Twitter Inc and is pushing for changes, including removing the chief executive officer, two people familiar with the matter said on Friday.


from Reuters: Business News https://ift.tt/2TqG9M1

One in five of UK's top FTSE 350 firms warned over gender diversity

A review into gender balance at senior levels of FTSE firms singles out 63 companies for criticism.

from BBC News - Business https://ift.tt/2VuAase

Market downturn amid coronavirus fears will reverse in future: Expert


Market downturn amid coronavirus fears will reverse in future: Expert



Vision 4 Fund Distributors vice president Heather Zumarraga encourages people to wait to invest in the stock market if they haven't done so already after this week's poor performance.

Nothing on horizon suggests detrimental threat to US market: Art Laffer


Nothing on horizon suggests detrimental threat to US market: Art Laffer



Former Reagan economist Art Laffer and chief economist at the Milken Institute Bill Lee discuss the importance of factual information on the coronavirus and say poor Democratic policies and a bad presidential election outcome pose the greatest threats to the U.S. market.

How to protect yourself from a data breach


How to protect yourself from a data breach



There were more than 4,000 publicly disclosed breaches in 2019.

Wall Street in coronavirus contingency mode with staff, visitors, regulators

Big U.S. banks have been rolling out contingency plans to respond to the global coronavirus outbreak - requiring some staff to work from home, implementing travel restrictions, and talking to regulators about potential stresses.


from Reuters: Business News https://ift.tt/387WMSd

United Airlines sharply cuts flights to Asia, cancels investor day

United Airlines Holdings Inc said on Friday it was sharply cutting flights to Japan and South Korea, as travelers worried about the coronavirus outbreak slash ticket purchases for those destinations.


from Reuters: Business News https://ift.tt/2I4sDZh

Intesa, UBI line up advisers to face off in takeover battle

Intesa Sanpaolo said on Friday it had hired JP Morgan, Morgan Stanley, UBS and local broker Equita SIM to complete a team of advisers led by Mediobanca supporting Italy's biggest retail bank in its takeover offer of rival UBI Banca.


from Reuters: Business News https://ift.tt/39g07QE

Harley-Davidson CEO exits as iconic bike brand struggles

Harley-Davidson Inc Chief Executive Officer Matthew Levatich stepped down on Friday after failing to boost U.S. sales of its iconic motorcycles.


from Reuters: Business News https://ift.tt/2T7SKoq

N Korea hackers stole $1.3bn of crypto this year - report

Some incidents may be linked to North Korean IT workers infiltrating tech firms, according to research firm Chainalysis. from BBC News htt...