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Wall Street slides as gloomy data adds to coronavirus fears

February 21, 2020 by  
Filed under News

U.S. stock indexes fell on Friday after data showed U.S. business activity stalled in February, while a spike in new coronavirus cases in China and elsewhere sent investors scrambling for safer assets such as gold and government bonds.


Source: Reuters Business News

U.S. authorities will soon announce deal relating to Wells Fargo's sales practices scandal: sources

February 21, 2020 by  
Filed under News

U.S. authorities will soon announce a deal relating to Wells Fargo’s multi-year sales practices scandal, according to two sources familiar with the agreement.


Source: Reuters Business News

Elon Musk's SpaceX to raise $250 million, valuing it at $36 billion: CNBC

February 21, 2020 by  
Filed under News

Elon Musk’s SpaceX is looking to raise about $250 million, taking the private rocket company’s valuation to about $36 billion, CNBC reported on Friday, citing people familiar with the financing.


Source: Reuters Business News

New York Times plans to name Meredith Kopit Levien as next CEO: Bloomberg News

February 21, 2020 by  
Filed under News

New York Times Co is expected to name company insider Meredith Kopit Levien as its next chief executive officer to succeed Mark Thompson, Bloomberg News reported https://www.bloomberg.com/news/articles/2020-02-21/new-york-times-poised-to-name-meredith-kopit-levien-as-next-ceo on Friday, citing people familiar with the matter.


Source: Reuters Business News

Deere's shares hit five-year high on unexpected rise in quarterly profits

February 21, 2020 by  
Filed under News

Deere & Co’s shares soared on Friday to their highest level in at least five years after it reported an unexpected increase in first-quarter profit and retained full-year earnings forecast as signs of stabilization in the U.S. farm sector offset weak demand for construction machines.


Source: Reuters Business News

Mounting coronavirus fears knockdown Wall Street

February 20, 2020 by  
Filed under News

U.S. stock indexes fell on Thursday, dragged down by technology heavyweights, as investors fretted over the rising number of coronavirus cases in China and other countries as well as the potential economic damage from the epidemic.


Source: Reuters Business News

Exclusive: Canadian regulator considers changes to new drug pricing plan

February 20, 2020 by  
Filed under News

Canada’s drug pricing agency is contemplating significant changes to how it will apply new regulations aimed at lowering costs, Reuters has learned, as drugmakers unhappy with the policy delay introducing new medicines in the country and blame it for job cuts.


Source: Reuters Business News

Uber returns to Colombia less than a month after exit

February 20, 2020 by  
Filed under News

Uber Technologies Inc resumed transporting passengers in Colombia on Thursday with a new service model that allows users to rent cars with drivers, just 20 days after it exited the Andean country following a ruling by regulators which the company described as arbitrary.


Source: Reuters Business News

Exclusive: France's Engie eyes U.S. energy services firm Ameresco – sources

February 20, 2020 by  
Filed under News

French power utility Engie SA has approached Ameresco Inc, a U.S. provider of energy efficiency solutions and developer of renewable energy plants, to express interest in acquiring it, according to people familiar with the matter.


Source: Reuters Business News

Oil prices rise as U.S. crude stocks build less than expected

February 20, 2020 by  
Filed under News

Oil prices rose on Thursday after the U.S. government reported a much smaller-than-anticipated rise in crude stocks, but gains were capped by worries about the spread of Coronavirus outside China.


Source: Reuters Business News

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