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Updated: 4 years 27 weeks ago
Wall Street tumbles over 3% on virus fears, travel shares tank
U.S. stocks sold off sharply on Thursday, with shares of travel companies pummeled, as large swings in the market continued amid uncertainty over the spread of the coronavirus and its economic fallout.
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Dow sinks 1,000 points on alarm over virus spreading in United States
Wall Street's losses deepened and the Dow Jones Industrials shed 1,000 points in afternoon trading on Thursday as the coronavirus death toll in the United States rose to 11 and travel related stocks took a severe beating.
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Southwest CEO on coronavirus: "We could discount prices tomorrow and it wouldn't do any good"
Southwest Airlines Chief Executive Gary Kelly said on Thursday that the airline was not running dramatic fare sales in response to a drop-off in demand due to the spreading coronavirus.
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Big tech firms ask Seattle employees to work from home over coronavirus fears
Alphabet Inc's Google on Thursday joined Amazon.com Inc, Facebook Inc and Microsoft Corp in recommending employees in the Seattle area to work from home, after many were infected with the coronavirus in the region.
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Airbus draws a blank in February after Boeing's order-free January
European planemaker Airbus failed to win any new aircraft orders in February, it said on Thursday, providing further evidence of disruption across aviation industries from the global coronavirus outbreak.
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Wall Street tumbles as virus fears hit California
U.S. stock indexes fell sharply on Thursday as the swift spread of the coronavirus in the United States led California to declare an emergency, while airline stocks were hammered by crippled travel demand.
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Exxon to push ahead with spending plans despite investor concerns
Two years into an ambitious growth plan to revive earnings at the largest U.S. oil company, Exxon Mobil Corp said on Thursday it would stick to its plans to "lean in" to spending even as its shares have lagged those of competitors, which are cutting costs.
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Coronavirus, politics and trade compound problems for Airbus A330neo
Airbus is battling to shore up support for its A330neo wide-body passenger jet as the coronavirus crisis, geopolitics and trade wars raise fresh questions over demand for the aircraft, industry sources said.
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British airline Flybe collapses as coronavirus deals final blow
Britain's Flybe collapsed on Thursday after a plunge in travel demand, making the long-struggling regional airline one of the first big corporate casualties of the coronavirus outbreak.
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AT&T partners with Google Cloud for 5G edge computing
AT&T Inc has partnered with Alphabet Inc's Google Cloud to use 5G edge computing technologies to help clients improve speed and increase security by running applications closer to end users.
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World stocks tumble as coronavirus cases rise outside China
Global equity markets tumbled and the dollar slid on Thursday as the number of coronavirus cases outside China mounted rapidly, leading California to declare an emergency and HSBC in London to send more than 100 staff home.
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Oil eases as demand worries overshadow OPEC deal to deepen supply cuts
Oil prices edged lower on Thursday as the coronavirus epidemic showed no signs of slowing, with deaths mounting globally, but losses were limited as major producers agreed on deeper output cuts to bolster prices.
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Coronavirus hit to airlines could top $100 billion, Flybe collapses
The coronavirus epidemic could rob passenger airlines of up to $113 billion in revenue this year, an industry body warned on Thursday, more than three times a projection it made just two weeks ago as the virus continues to spread around the world.
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Walmart's Flipkart faces further anti-trust probe in India
Walmart Inc's Flipkart faces a further anti-trust probe in India after an appellate tribunal asked the competition watchdog to investigate whether the company had abused its dominant position in e-commerce.
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Factbox: Airlines suspend flights due to coronavirus outbreak
Airlines have been suspending flights or modifying services in response to the coronavirus outbreak.
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Russia can cope with oil price drop if no OPEC cut agreed -Finance Minister
Russia is fiscally prepared to cope with a drop in oil prices, Finance Minister Anton Siluanov said on Thursday, as OPEC tries to convince Moscow to support the market with a deeper output cut in the wake of the coronavirus outbreak.
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Kroger's quarterly profit, sales top estimates on private-label strength
U.S. supermarket chain Kroger Co topped fourth-quarter profit and sales estimates on Thursday, boosted by strong demand for its high-margin private-label brands, sending its shares up as much as 7.2%.
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Exxon CEO sticks to big spending plan despite weak stock performance
Two years into an ambitious growth plan to revive earnings at the largest U.S. oil company, Exxon Mobil Corp said on Thursday it would stick to its plans to "lean in" to spending even as its shares have lagged those of competitors, which are cutting costs.
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Amazon, Facebook ask Seattle employees to work from home over coronavirus fears
Amazon.com Inc and Facebook Inc on Thursday joined Microsoft Corp in recommending employees in the Seattle area to work from home after several people in the region were infected with the coronavirus.
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Portugal's TAP cancels around 1,000 flights in March-April over coronavirus
Portugal's flag carrier TAP cancelled a total of around 1,000 flights this month and next due to a fall in demand over concerns about the spreading coronavirus, the company said on Thursday, also envisaging an unspecified impact on revenues.
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