Tuesday, February 18, 2020

 


S&P 500 Index
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$3,380.16
+6.22 (+0.18%)
as of Feb 14, 2020

HSBC bank said Tuesday it will shed some 35,000 jobs as part of a deep overhaul to focus on faster-growing markets in Asia and better cope with a slew of global uncertainties.  (full story)
 
BANGKOK (AP) — Shares slipped in Europe and Asia on Tuesday as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target in this quarter and China moving to postpone or cancel major events, including the Beijing auto show.  (full story)
SNE: 68.83 (-0.77), AAPL: 324.95 (+0.08)
TOKYO — Nissan shareholders vented their outrage at the Japanese automaker's top management Tuesday for crashing stock prices, zero dividends and quarterly losses after the scandal-ridden departure of former Chairman Carlos Ghosn.  (full story)
 
BANGKOK (AP) — Shares slipped in Asia on Tuesday as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target and China moving to postpone or cancel major events including the Beijing auto show.  (full story)
AAPL: 324.95 (+0.08)
HEBRON, West Bank (AP) — The West Bank city of Hebron is separated from the epicenter of China's virus outbreak by more than 4,000 miles and a ring of Israeli checkpoints. But even here the economic symptoms of the outbreak are starting to appear.  (full story)
 
BEIJING (AP) — The Beijing auto show, the industry's biggest global event of the year, is being postponed in response to the spread of China's new virus.  (full story)
 
TOKYO — Nissan shareholders unleashed their anger at the Japanese automaker's management Tuesday for crashing stock prices, zero dividends and quarterly losses after the scandal-ridden departure of former Chairman Carlos Ghosn.  (full story)
 
NEW YORK (AP) — Amazon founder Jeff Bezos said Monday that he plans to spend $10 billion of his own fortune to help fight climate change.  (full story)
 
MEXICO CITY (AP) — Until recently, Mexico had done little to pursue corruption revealed by the investigation into Brazilian construction giant Odebrecht, which has ensnared politicians, business leaders, and even former and sitting presidents in other Latin American countries.  (full story)
 
LONDON (AP) — Kendall Jenner and fellow super models unveiled Burberry's new season designs at London Fashion Week on Monday, a collection that spanned everything from classic and ladylike to sexy, preppy and street-smart.  (full story)
 
PHNOM PENH, Cambodia (AP) — The feel-good story of how Cambodia allowed a cruise ship to dock after it was turned away elsewhere in Asia for fear of spreading a new disease took an unfortunate turn after a passenger later tested positive for the virus.  (full story)
 
Pier 1 Imports Inc. — the once-trendy supplier of home goods like papasan chairs and throw pillows — filed for bankruptcy protection Monday after years of sliding sales.  (full story)
PIR: 3.56 (-0.22), AMZN: 2,134.87 (-15.00)
Owen Bieber, who led the United Auto Workers union from the auto industry's dark days of the early 1980s to the prosperity of the mid-1990s, has died. He was 90.  (full story)
TSLA: 800.03 (-3.97), GM: 34.76 (-0.53)
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