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Business - Multi Press
Wednesday, January 22, 2020
Stocks Advance After Virus-Triggered Sell-Off: Markets Wrap
(Bloomberg) -- Stocks climbed alongside U.S. index futures after China took steps to contain the spread of a deadly virus that had rattled international markets. Haven assets retreated.Gains in utilities and media shares led the...
Chinese tourism would be hit by prolonged outbreak
A man wearing a protective mask takes pictures on the promenade of the Bund along the Huangpu River in Shanghai on January 21, 2020.Hector Retamal | AFP | Getty ImagesIf China's new coronavirus turns into...
IBM reports surprise revenue rise on cloud growth
Jan 21 (Reuters) - International Business Machines Corp on Tuesday reported a surprise rise in revenue, its first in six quarters, benefiting from its high-margin cloud computing business.Revenue from the cloud business, which is crucial...
Leaders doubt Trump reaches phase 2 China deal by end of term
Donald Trump delivers a speech at the Congres center during the World Economic Forum (WEF) annual meeting in Davos, on January 21, 2020.Fabrice Coffrini | AFP | Getty ImagesDAVOS, Switzerland – Many business leaders at the World...
Wall Street Wants to Conquer China. Here’s What May Go Wrong
(Bloomberg) -- China’s financial opening could be a classic case of be careful what you wish for.The opportunity of making inroads in the world’s second-largest economy is prompting the likes of Goldman Sachs Group Inc....
Boeing customer Air Lease says 'damaged' MAX brand should be dropped
Boeing 737 MAX airplanes, along with one Boeing 787 at top, are parked at Grant County International Airport October 23, 2019 in Moses Lake, Washington.David Ryder | Getty ImagesThe chairman of major aircraft leasing firm...
Boeing seeks to borrow $10 billion or more amid 737 MAX crisis: source
By David ShepardsonWASHINGTON (Reuters) - Boeing Co <BA.N> is in talks with banks about borrowing $10 billion or more amid rising costs for the U.S. planemaker after two crashes involving its 737 MAX jetliner, a...
Chiefs star Patrick Mahomes to unseat Tom Brady as NFL retail king
If the numbers hold up, a new merchandise king could be crowned in the National Football League.According to the latest NFL Players Association Top 50 Players Sales List, Tom Brady is on the verge of...
Morgan Stanley’s Top-Performing Fund Buys Undervalued Stocks
(Bloomberg) -- A top-performing Morgan Stanley fund is betting on cash-rich consumption-focused stocks in Asia, especially China, to manage risks in market cycles this year.Sign up for Next China, a weekly email on where the...
GMC takes shots at rivals in new ad campaign for Sierra pickup
The 2019 GMC Sierra AT4Mack Hogan | CNBCDETROIT – General Motors is once again taking shots at its competitors' pickup trucks in a new ad campaign for its GMC Sierra, highlighting the strength and toughness...
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