 | | | | Fiat Chrysler Automobiles said on Wednesday its U.S. sales chief, Reid Bigland, is leaving the company to pursue other interests. | | | | | | The faster spread of the coronavirus will wipe out any hope of stronger growth in 2020, International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday, adding that a third of the Fund's 189 member countries were now affected. | | | | | | France's top court has recognized the right of an Uber driver to be considered an employee, in a ruling that could upend the U.S. firm's business model and potentially require it to pay more taxes as well as benefits such as paid holidays. | | | | | | Healthcare stocks boosted Wall Street on Wednesday after a near sweep for Joe Biden in the Super Tuesday Democratic primaries, a day after markets suffered heavy losses following an emergency interest rate cut by the Federal Reserve. | | | | | | Will the world's big central banks leave U.S. Federal Reserve Chair Jerome Powell hanging? They're certainly going to try. | | | | | | Andrew Bailey, who is due to become Bank of England governor this month with Britain facing an economic hit from coronavirus, said financial support would probably have to be provided for companies struggling with disruption caused by the outbreak. | | | | | | U.S. private payrolls increased more than expected in February, pointing to labor market strength before a recent escalation of recession fears ignited by the coronavirus epidemic that prompted an emergency interest rate cut from the Federal Reserve. | | | | | | U.S. services sector activity accelerated to a one-year high in February, suggesting underlying strength in the economy despite the coronavirus outbreak, which has triggered financial market fears of a recession and led to an emergency interest rate cut from the Federal Reserve. | | | | | | Brent oil prices rose on Wednesday on expectations that major producers have moved closer to an agreement to enact deeper output cuts aimed at offsetting the slump in demand caused by the coronavirus outbreak. | | | | | | Campbell Soup Co on Wednesday raised its fiscal full-year earnings forecast and posted better-than-expected quarterly profit and sales due to strong demand for soups and snacks, and its shares rose 5% in early trade. | | | | | | The rapid spread of coronavirus cases worldwide is complicating a standard strategy used by airlines when disease, disaster or conflict hit travel destinations: lower fares and redirect flights to trouble-free areas. | | | | | |
