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Updated: 4 years 28 weeks ago
U.S. airlines capping fares from Europe as Americans seek flights home
American Airlines Inc , United Airlines and Delta Air Lines Inc on Thursday said they were capping fares for U.S.-bound flights from Europe as U.S. citizens flock to European airports trying to return home after new air travel restrictions ordered by U.S. President Donald Trump.
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World markets rout deepens as virus panic worsens
Asia's stock markets were hammered on Friday as panic gripping world financial markets deepened and even safe-haven assets such as gold and bonds were ditched to cover losses in the wipeout.
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Ford takes aim at Jeep with new Bronco SUVs
Nearly 55 years after the debut of the original Ford Bronco — and 24 years after the demise of the last one — Ford Motor Co. is dusting off one of its treasured nameplates this spring in hopes of reviving a decades-old rivalry with Fiat Chrysler Automobile’s popular Jeep brand.
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Canada revising deal aimed at validating U.S.-certified planes
Transport Canada said on Thursday it is revising a deal that would have reduced technical work done by the Canadian regulator when validating Federal Aviation Administration (FAA) certified aircraft like the Boeing 737 MAX.
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Wall Street dazed and confused after worst day since 1987
As trading ended on Thursday in Wall Street's worst day for three decades, shell-shocked investors had no idea how much further the market was likely to fall as the coronavirus pandemic spread fear of a global recession.
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Apple reopens all its branded stores in China
Apple Inc has reopened all 42 of its branded stores in China, more than a month after they were shut due to fears over the coronavirus outbreak, the iPhone maker's Chinese website showed on Friday.
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Asian markets braced for deeper rout as virus panic worsens
Asia's stocks were poised to plunge further on Friday as panic gripped world financial markets and even safe-haven assets such as gold were ditched to cover losses in the wipeout.
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Wall Street sell-off batters bitcoin, pounds palladium as investors go to cash
Crushing asset sell-offs ranging from bitcoin to precious metals and European stocks accompanied Wall Street's slide into bear market territory on Thursday, as investors liquidated positions across their portfolios to raise cash.
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Walgreens, Kroger limit purchase of some essential products amid virus outbreak
Pharmacy chain Walgreens Boots Alliance Inc and supermarket chain Kroger Co on Thursday placed purchase limits on certain products to stabilize inventory, as customers stock up on essentials amid a global coronavirus outbreak.
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Gap sees 2020 profit above estimates, flags $100 mln virus hit to sales
Gap Inc leaned on its turnaround plan to forecast 2020 profit above market expectations on Thursday, but flagged a $100 million sales hit in Asia and Europe from the coronavirus, which has also started impacting its home market.
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Business jet operators see demand surge on U.S. travel restrictions, coronavirus
New U.S. restrictions on Europeans entering the United States are fueling additional bookings for business jet flights, which were already in higher demand this year because of coronavirus, executives said on Thursday.
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Broadcom withdraws 2020 revenue forecast on coronavirus worries
Broadcom Inc withdrew its revenue forecast for 2020 on Thursday, joining a host of chipmakers that have either cut or pulled their sales outlook due to demand and supply disruptions caused by the coronavirus outbreak.
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Plunging Wall Street stocks end record bull run
Wall Street tanked on Thursday, slamming the book on the longest-ever U.S. bull market after new travel restrictions to curb the coronavirus spread spooked investors and rattled world markets.
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Wall Street's 'fear gauge' marks record surge after stock sell-off
An avalanche of selling in stocks on fears over the coronavirus outbreak took Wall Street's "fear gauge" to its highest level since the financial crisis on Thursday.
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Oracle's cloud push powers quarterly profit, revenue beat
Growth in cloud business helped Oracle Corp top quarterly profit and revenue on Thursday and said the coronavirus will have "minimal impact" on the fourth-quarter revenue, which is usually skewed toward software licenses rather than hardware.
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Slack shares slump on soft outlook, slower growth
Workplace communication platform Slack Technologies Inc forecast a soft revenue outlook for the first quarter on Thursday, sending its shares down more than 20% aftermarket, on a day major U.S. stock indexes went into a tailspin amid coronavirus fears.
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Amazon tells staff globally to work from home if possible
Amazon.com Inc on Thursday said it was recommending that employees globally work from home this month if they are able to do so, while warehouses and other facilities stayed operational so packages could keep shipping to customers.
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AT&T waives data overage fees for home subscribers; Comcast boosts speeds for some users
AT&T Inc said on Thursday it is waiving data overage fees for all home internet users who are not currently on unlimited data plans, citing the coronavirus outbreak, while Comcast Holdings Corp said it was raising data speeds on the internet service it offers low-income people.
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Banks remind customers they can bank online amid coronavirus outbreak
Banks are talking up their online and mobile banking capabilities to customers as more Americans look to avoid public places amid the coronavirus outbreak.
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Wall Street empties out as New York City declares state of emergency
Working from home went from optional to mandatory across Wall Street this week as financial firms reported their first confirmed cases of coronavirus and the outbreak triggered a state of emergency in New York City.
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