NEW YORK (Reuters) – The deep declines in the U.S. stock market over the last three weeks has left a dent in retirement portfolios and brokerage accounts, costing on average each person in the United
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Adidas sees $1.1 billion coronavirus hit to China sales, Puma warns on profit
BERLIN (Reuters) – German sportswear makers Adidas (ADSGn.DE) and Puma (PUMG.DE) warned on Wednesday of a major decline in sales in China due to the coronavirus and said while there were early signs of improvement
Read moreOil falls $1 as price war escalates with Saudi plan for higher output capacity
LONDON (Reuters) – Oil prices fell on Wednesday, giving up earlier gains, pressured by Saudi Arabia’s plans to boost oil production capacity for the first time in more than a decade and weakened demand due
Read moreCoronavirus wipes $70 billion off global listed airlines
LONDON (Reuters) – The rapid spread of coronavirus has wiped almost a third – or $70 billion – off the world’s top 20 listed airlines and reshuffled global rankings, elevating Air China into third place
Read moreSpread of virus drives Corporate America into cyberspace for annual meetings
(Reuters) – More U.S. companies are moving their annual shareholder meetings online to help contain the spread of coronavirus, raising concerns among corporate democracy advocates about investors losing access to top executives and board directors.
Read moreU.S. airlines ditch 2020 forecasts, slash flights and costs on virus hit
(Reuters) – Leading U.S. airlines American (AAL.O) and Delta (DAL.N) suspended 2020 financial forecasts on Tuesday and took drastic further measures to combat the impact of the coronavirus, while United (UAL.O) announced a capital raising
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