Drugmaker Mylan NV reported a nearly 60per cent fall in its fourth-quarter profit on Thursday, hurt by a higher income tax provision.
Wall Street's main indexes plunged on Thursday in their sixth straight day of declines with the S&P 500 confirming its fastest correction in history as the rapid global spread of coronavirus intensified investor worries about economic growth.
Investment-advisors are increasingly worried that U.S. authorities are not be doing enough to prevent a widespread outbreak of coronavirus in the country, potentially adding further downside to already-battered markets.
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.
Shares of Microsoft Corp fell as much as 4per cent on Thursday after the company warned of weakness in its PC business due to a hit to its supply chain from the coronavirus outbreak, echoing similar statements from Apple Inc and HP .
Johnson & Johnson and other drug companies facing thousands of lawsuits over their role in the opioid epidemic have warned that settlement talks will be "severely" jeopardized if plaintiffs' lawyers are allowed to assess a fee payment worth billions of dollars.
The U.S. economy grew moderately in the fourth quarter, the government confirmed, and is facing a bumpy road in early 2020 amid the fast-spreading coronavirus that has left financial markets fearing a recession.
Pfizer Inc on Thursday warned that the continued spread of the coronavirus globally could have an adverse impact on its financial results.
The U.S. Federal Communications Commission (FCC) is set to propose fining four major U.S. mobile phone companies expected to total at least US$200 million in total for improperly disclosing some consumer real-time location data, two people briefed on the matter said.
With this week's coronavirus-driven rout having shaken awake previously slumbering euro-dollar markets, the spotlight is back on the "short volatility" trades that some regulators fear could trigger a blowup on world markets.
