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Updated: 41 min 49 sec ago

GE beats profit, cash flow estimates on strong aviation business

7 hours 56 min ago
General Electric Co on Wednesday reported quarterly profit and cash flow that exceeded analysts' estimates, boosted by its aviation unit, but it set a low profit target for 2020.

McDonald's quarterly sales growth, profit beat Wall Street estimates

8 hours 6 min ago
McDonald's Corp on Wednesday reported quarterly comparable sales growth and profit above market expectations, as the world's largest burger chain benefited from its revamped stores, new delivery partnerships and higher menu prices.

Oil rises as markets wait on virus impact and U.S. stockpiles fall

8 hours 20 min ago
Oil prices rose for a second day on Wednesday, recouping some losses after a five-day rout, on talk that OPEC could extend oil output cuts if a new coronavirus hurts demand and data showing a decline in U.S. stockpiles.

Where the Purdue Pharma-Sackler legal saga stands

8 hours 29 min ago
OxyContin maker Purdue Pharma LP and its controlling Sackler family have been negotiating with cities, counties and states on a proposed settlement worth an estimated $10 billion to resolve more than 2,600 lawsuits alleging they helped fuel the U.S. opioid crisis.

GE profit rises 30% on aviation boost

8 hours 54 min ago
General Electric Co on Wednesday reported a 30% jump in quarterly profit, boosted by its aviation business, but forecast 2020 profit below estimates.

Dow profit beats on Asia demand and cost cuts, sees recovery in 2020

9 hours 11 min ago
Chemicals maker Dow Inc reported better-than-expected quarterly profit and revenue on Wednesday, helped by higher volumes in Asia as well as cost cuts, and pointed to a recovery in demand this year on the back of easing trade tensions.

Germany has proof that Huawei worked with Chinese intelligence: Handelsblatt

9 hours 12 min ago
The German government is in possession of evidence that Huawei [HWT.UL], the leading maker of telecoms network equipment, has collaborated with Chinese intelligence, the Handelsblatt daily reported on Wednesday.

World may have hit peak car output, says auto-parts supplier Bosch

10 hours 11 min ago
Global automotive production may have peaked, auto supplier Robert Bosch said on Wednesday, announcing job cuts and a review of its business to cope with a 44% drop in full-year operating profit and a downturn in demand for cars.

Factbox: Apple, Starbucks warn of hit from virus; firms restrict travel, airlines cancel flights

10 hours 33 min ago
Apple said it had baked into its outlook uncertainty related to a virus outbreak in China that has killed 132 and infected nearly 6,000. Starbucks warned results would be hit after it shut over half its cafes in the country.

Buoyed by company earnings, world markets look past virus death toll

11 hours 10 min ago
Global markets showed further signs of stabilization on Wednesday as investors looked past a rising death toll from China's coronavirus outbreak to tiptoe back into shares and out of safe-haven assets such as the yen and German bonds.

Bosch CEO warns coronavirus could hit global auto supply chains

11 hours 38 min ago
The chief executive of Robert Bosch, the world's biggest auto components supplier, warned that coronavirus could impact its global supply chain, which is heavily dependent on China.

Ford to resume production at China joint venture with Changan on February 10

12 hours 32 min ago
Ford Motor plans to resume production on Feb. 10 at its manufacturing facilities in China with joint venture partner Chongqing Changan Automobile , a spokesman for the U.S. automaker said on Wednesday.

Oil rises as markets wait on virus impact; U.S. stocks fall

12 hours 44 min ago
Oil prices rose for a second day on Wednesday, recouping some losses after a five-day rout on talk that OPEC could extend oil output cuts if a new coronavirus hurts demand, while data showing a decline in U.S. stockpiles helped steady prices.

Investors find some Unilever foods hard to swallow

13 hours 15 min ago
Six months after Unilever's Alan Jope suggested he may get rid of brands without "purpose", investors are wondering when he will deliver.

For airlines, China boom now exposes them to risk as coronavirus slams market

13 hours 32 min ago
China's growth has helped power a global aviation boom over the last decade, but as the country curtails travel in the face of a new coronavirus, a slowdown could hit the industry harder than ever before.

Trump to sign North American trade pact at White House; key Democrats not invited

13 hours 42 min ago
U.S. President Donald Trump will sign a new North American trade agreement on Wednesday in an outdoor ceremony at the White House to be attended by about 400 guests - but not the key Democrats who helped secure congressional passage of the deal.

Hong Kong stocks pull Asian shares lower but futures offer hope

14 hours 27 min ago
Asian shares fell on Wednesday as a spike in new Chinese virus cases sent Hong Kong stocks tumbling and added to worries about the economic impact of the outbreak.

Focus at Goldman's first investor day will be on its consumer bank Marcus

14 hours 30 min ago
As Goldman Sachs Group Inc approaches its first-ever investor day on Wednesday, all eyes are on its tiniest business division, the consumer bank, and how the Wall Street powerhouse will get it to grow.

Fed likely to keep interest rates on hold, focus on balance sheet

14 hours 37 min ago
The Federal Reserve will conclude its latest policy meeting on Wednesday with interest rates almost certainly to remain on hold but officials likely to discuss possible changes to how they manage the U.S. central bank's key overnight borrowing rate.

China flexes oil refining muscle, upping pain for Asian rivals

15 hours 13 min ago
China is set to further expand its massive oil refining capacity this year, offering support to global oil prices, and U.S. producers in particular, but its plans spell more gloom for Asia's hard-hit refining industry.

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