 | | | | A global pandemic and the challenge of figuring out the future of entertainment greeted Bob Chapek on Wednesday as he took over as Chief Executive Officer of Walt Disney Co . | | | | | | Home furnishing retailer Bed Bath & Beyond Inc said on Thursday it would cut about 500 jobs, including management positions, as part of a restructuring program. | | | | | | Wall Street's main indexes plunged on Thursday for the sixth straight session, with the S&P 500 confirming its fastest correction in history as the rapid global spread of coronavirus intensified worries about economic growth. | | | | | | Oil prices tumbled for a fifth day on Thursday to their lowest level in more than a year, as new reports of novel coronavirus cases outside China spurred investor fears that the rapidly spreading outbreak could slow the global economy. | | | | | | Facebook Inc will provide a way for people to track political sponsored content on Facebook and Instagram ahead of the U.S. presidential election, it said on Thursday. | | | | | | The U.S. Securities and Exchange Commission said on Thursday it had ordered Wells Fargo & Co to pay $35 million to settle charges it failed to adequately supervise investment advisers. | | | | | | By Christoph Steitz, Edward Taylor, Matthias Inverardi and Tom Käckenhoff | | | | | | Telecom Italia (TIM) on Thursday picked KKR as an exclusive partner to develop its ultra-broadband business, saying its board had taken positive note of a non-binding proposal by the U.S. investment firm. | | | | | | Drugmaker Mylan NV reported a fourth-quarter profit on Thursday that beat estimates, helped by sales of new products such as asthma treatment Wixela. | | | | | | Occidental Petroleum Corp reported a quarterly loss on Thursday, as it took more than $1.7 billion in impairment and other charges. | | | | | | Beyond Meat Inc said on Thursday it expects full-year sales to grow as much as 71%, after reporting that deals with retailers and restaurants helped to more than triple fourth-quarter sales and substantially narrowed its loss. | | | | | |
