WASHINGTON: The US economy is starting the year in a strong position but the COVID-19 outbreak in China has the potential to create drag, a top Federal Reserve official said on Thursday (Feb 20). Recent US trade agreements have eased uncertainty for American businesses, but Fed Vice Chair Richard ......
Procter & Gamble Co said on Thursday its current-quarter revenue and profit would take a hit from supply chain disruptions and weak demand due to the coronavirus outbreak in China, the consumer goods company's second-biggest market.
Swiss bank Julius Baer has been reprimanded by the country's watchdog for ignoring money laundering risks in handling millions of francs of suspect payments linked to corruption in Venezuela and world soccer body FIFA.
U.S. stock index futures fell on Thursday, a day after the S&P 500 and Nasdaq closed at record levels, as the number of coronavirus cases outside China increased.
Office-sharing startup WeWork on Thursday named Shyam Gidumal, a former Ernst & Young executive, as its new chief operating officer in the first major executive appointment under new head Sandeep Mathrani.
The number of Americans filing for unemployment benefits rose modestly last week, suggesting sustained labor market strength that could help to support the economy amid risks from the coronavirus and weak business investment.
SAN FRANCISCO: Silicon Valley on Wednesday (Feb 19) was mourning a pioneering computer scientist whose accomplishments included inventing the widely relied on "cut, copy and paste" command. Bronx-born Lawrence "Larry" Tesler died this week at age 74, according to Xerox, where he spent part of his ...
Microsoft Chief Executive Satya Nadella said the technology giant will invest US$1.1 billion in Mexico over the next five years, according to a promotional video released by the Mexican government on Thursday.
Office-sharing startup WeWork on Thursday named a former Ernst & Young executive, Shyam Gidumal, as its new chief operating officer, weeks after appointing real-estate veteran Sandeep Mathrani as its CEO.
L Brands Inc is selling a controlling stake in its Victoria's Secret unit to investment firm Sycamore Partners, valuing the lingerie brand at US$1.1 billion, as focuses on its core Bath & Body Works brand.
