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February 26, 2020
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Reuters - Business

Microsoft expects Windows unit to miss revenue outlook on coronavirus impact

Reuters
FILE PHOTO: A Microsoft logo is seen in Los Angeles, California U.S. November 7, 2017. REUTERS/Lucy Nicholson (Reuters) – Microsoft Inc said on Wednesday it does not expect to meet the third-quarter revenue forecast for its ‘more personal computing’ business, as a result of the coronavirus outbreak, sending its shares......
Reuters - Business

Microsoft expects unit to miss revenue outlook on coronavirus impact

Reuters
FILE PHOTO: A Microsoft logo is seen in Los Angeles, California U.S. November 7, 2017. REUTERS/Lucy Nicholson (Reuters) – Microsoft Inc said on Wednesday it does not expect to meet the third-quarter revenue forecast for its ‘more personal computing’ business, as a result of the coronavirus outbreak. The company said......
Reuters - Business

Toll Brothers says home sales in California impacted by coronavirus

Reuters
FILE PHOTO: A Toll Brothers housing development is shown in Carlsbad, California, U.S., May 21, 2018. REUTERS/Mike Blake (Reuters) – Home builder Toll Brothers Inc (TOL.N) said on Wednesday that the coronavirus outbreak in China had led to shortages of lighting fixtures and small appliances, forcing it to delay sales......
Reuters - Business

Profit rise lifts Peugeot shares ahead of Fiat merger

Reuters
PARIS (Reuters) – Peugeot maker PSA Group said on Wednesday profitability reached a record high in 2019, results that contrasted with those of many rivals and boosted the group’s shares as it beds down a merger with Italy’s Fiat Chrysler. The French firm, which also produces cars under the Citroen......
Reuters - Business

Profits jump at Peugeot maker PSA ahead of Fiat merger

Reuters
FILE PHOTO: A PSA Group logo is seen behind a car displayed during French carmaker’s news conference as they announce the company’s 2018 results at their headquarters in Rueil-Malmaison, near Paris, France, February 26, 2019. REUTERS/Christian Hartmann PARIS (Reuters) – Peugeot maker PSA Group said profitability reached fresh highs in......
Reuters - Business

Coronavirus clouds Apple’s timeline for new iPhones

Reuters
SAN FRANCISCO/TAIPEI (Reuters) – Travel restrictions to China because of the coronavirus have come just as Apple Inc’s (AAPL.O) engineers usually jet off to Asia to perfect the production of this fall’s new iPhones, former employees and supply chain experts told Reuters. FILE PHOTO: People wearing protective masks wait for......
Reuters - Business

Thomson Reuters names new CEO, earnings top estimates

Reuters
NEW YORK (Reuters) – Thomson Reuters Corp (TRI.N) (TRI.TO) said on Tuesday it had appointed former Nielsen Holdings Plc (NLSN.N) president Steve Hasker as its new chief executive officer, succeeding Jim Smith. Newly announced Thomson Reuters president and chief executive officer Steve Hasker poses in Toronto, Ontario, Canada February 24,......
Reuters - Business

UBS, Credit Suisse’s emergency plans are effective: financial watchdog

Reuters
ZURICH (Reuters) – The emergency plans of UBS (UBSG.S) and Credit Suisse (CSGN.S) to deal with a financial crisis are effective, Switzerland’s regulator FINMA said on Tuesday. FILE PHOTO: The logo of Swiss bank UBS is seen at a branch office in Zurich, Switzerland January 27, 2017. REUTERS/Arnd Wiegmann The......
Reuters - Business

JPMorgan Chase plans to unveil climate initiatives at investor day

Reuters
NEW YORK (Reuters) – JPMorgan Chase & Co (JPM.N) executives plan to announce new climate-change initiatives on Tuesday, including restrictions on financing coal mining and Arctic drilling, as well as a $200 billion target to provide financing for sustainable projects. FILE PHOTO: A man walks into the JP Morgan at......
Reuters - Business

Shake Shack sees delivery disruption thru 2020 with Grubhub partnership

Reuters
NEW YORK (Reuters) – Shake Shack Inc (SHAK.N) expects its delivery sales to be volatile throughout 2020 after its move last year to an exclusive partnership with third-party platform Grubhub Inc (GRUB.N), it said on Monday. FILE PHOTO: Customers wait for their food inside of a Shake Shack store in......
Reuters - Business

United Airlines suspends 2020 guidance on coronavirus uncertainty

Reuters
FILE PHOTO: A United Airlines passenger jet taxis at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren (Reuters) – United Airlines Inc (UAL.O) on Monday withdrew its full-year 2020 guidance, citing heightened uncertainty over how the duration and spread of the coronavirus to other regions could......
Reuters - Business

Exclusive: Germany’s Stada buys 15 GSK consumer health brands

Reuters
FRANKFURT (Reuters) – Private equity-backed generic drugmaker Stada STAGn.D said it has agreed to buy 15 consumer healthcare products from British drugmaker GlaxoSmithKline (GSK.L) to further strengthen its prescription-free drugs business in Europe. FILE PHOTO: The logo of Stada Arzneimittel AG is pictured at their headquarters in Bad Vilbel near......
Reuters - Business

Primark owner warns coronavirus threatens clothing supplies

Reuters
A shopper walks into a Primark store as pre-Thanksgiving and Christmas holiday shopping accelerates at the King of Prussia Mall in King of Prussia, Pennsylvania, U.S. November 22, 2019. REUTERS/Mark Makela LONDON (Reuters) – Primark owner Associated British Foods (ABF.L) warned on Monday there was a risk of supply shortages......
Reuters - Business

Teck drops C$20.6 billion oil sands Frontier project, to take writedown

Reuters
TORONTO (Reuters) – Canadian miner Teck Resources Ltd has withdrawn an application to build its C$20.6 billion ($15.7 billion) Frontier oil sands mine in Alberta, days before the federal government was to decide on whether to approve a project opposed by environmentalists and indigenous groups. FILE PHOTO: Teck Resources sign......
Reuters - Business

Buffett defends Berkshire stock push, reassures on future as profit smashes record

Reuters
NEW YORK (Reuters) – Warren Buffett on Saturday forcefully defended Berkshire Hathaway Inc’s (BRKa.N) decision to invest heavily in stocks of companies such as Apple Inc (AAPL.O) as he labors through a four-year drought since his last major acquisition of a company. Buffett, 89, also used his annual letter to......
Reuters - Business

Buffett calls for more accountability for corporate directors

Reuters
(Reuters) – Warren Buffett on Saturday called on corporate America to make their boards of directors more accountable to shareholders and less beholden to chief executive officers, perhaps by reducing their pay and requiring that they buy more stock. FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett walks through the exhibit......
Reuters - Business

Rising stocks fuel record profit for Buffett’s Berkshire; operating profit disappoints

Reuters
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Saturday posted a 23% decrease in quarterly operating profit, while soaring prices in stock holdings such as Apple Inc enabled the conglomerate to smash its old record for full-year earnings. FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall......
Reuters - Business

Buffett defends stock investments, which fueled record Berkshire profit

Reuters
NEW YORK (Reuters) – Warren Buffett on Saturday forcefully defended Berkshire Hathaway Inc’s decision to invest heavily in stocks of companies such as Apple Inc as he labors through a four-year drought since his last major acquisition of a company. FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett walks through the......
Reuters - Business

Buffett defends investments in stocks, which fueled record Berkshire profit

Reuters
NEW YORK (Reuters) – Warren Buffett on Saturday defended Berkshire Hathaway Inc’s decision to invest heavily in the stocks of companies such as Apple Inc, while giving new details about how Berkshire Hathaway is prepared for his death in an annual letter to shareholders posted on the company’s website. FILE......
Reuters - Business

Buffett defends investments in stocks, which fueled record Berkshire profit

Reuters
FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. REUTERS/Scott Morgan (Reuters) – Warren Buffett on Saturday defended Berkshire Hathaway Inc’s decision to invest......

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