Wednesday, January 29, 2020

 


Associated Press
Asian shares mostly higher after rebound on Wall Street

Shares advanced in most Asian markets on Wednesday after a rebound on Wall Street that reversed most losses from a sell-off the day before.

Hong Kong's Hang Seng dropped 2.4%, to 27,289.55 after reopening from Lunar New Year holidays, while other Chinese markets remained closed.

The U.S. rally overnight snapped a two-day skid driven by fears that the spread of a new virus in China could snag global economic growth. China reported Wednesday that the virus has sickened more than 6,000 people in China and over (full story)

 
Starbucks' results top estimates but coronavirus slows sales
It was a happy holiday at Starbucks, but the company's sales momentum could start to slow due to the coronavirus outbreak in China. (full story)
Apple holiday season tops projections as iPhone bounces back
SAN FRANCISCO (AP) — Apple is still reaping huge profits from the iPhone while mining more moneymaking opportunities from the growing popularity of its smartwatch, digital services and wireless earbuds. (full story)
Bad timing: New virus poses threat to fragile world economy
This should be peak season for a 12-room hotel near the train station in the Chinese industrial hub of Wuhan. The Chinese New Year usually brings in plenty of travelers and delivers profits of around $3,000 a month. (full story)

AP Headlines
 Asian shares mostly higher after rebound on Wall
 Autistic futures trader who triggered crash
 Nissan to offer severance packages to older US
 CEO walks back pledge to fix homes damaged in
 Mexico tries to sell presidential jet to Canada;
 Starbucks' results top estimates but coronavirus
 Darknet moderator pleads guilty to racketeering
 Apple holiday season tops projections as iPhone
 Libya says oil shutdown losses reach over $500
 How major US stock indexes fared Tuesday
 J. Crew hires former Victoria's Secret exec to
 Ratings: CBS, NBC have two dominant nights of
 Bad timing: New virus poses threat to fragile
 In grinding manufacturing slump, 3M cuts another
 Pfizer posts 4Q loss, misses Street views, on
 Nucor, Whirlpool rise; Harley-Davidson, Pfizer
 Tailgate woes cause Ford F-150 recall in Canada,
 'American Dirt' Latino backlash part of long
 Budget deficit to break $1 trillion despite
 
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Canadian Press
Trump looks to sign trade deal, show wins during impeachment

WASHINGTON — President Donald Trump is eager to show off a big policy win during his impeachment trial by signing into law a major rewrite of the rules of trade with Canada and Mexico.

Trump made renegotiating the North American Free Trade Agreement a priority during his 2016 campaign, although trade experts say the impact of the new U.S.-Mexico-Canada Agreement will be modest. He will sign the bill Wednesday.

Canada and Mexico already represent the top two export markets for U.S. goods. But the pact, along (full story)

 
CEO walks back pledge to fix homes damaged in Houston blast
HOUSTON — The head of a company involved in a massive explosion in Houston that killed two workers and injured 20 others on Tuesday backtracked on a pledge he had made earlier in the day to fix the hundreds of structures dam (full story)
Nissan to offer severance packages to older US workers
FRANKLIN, Tenn. — Slumping Nissan Motor Co. is offering voluntary separation packages to many of its U.S. workers as it tries to resize itself to match lower sales. (full story)
Autistic futures trader who triggered crash spared prison
CHICAGO — A U.S. judge Tuesday sentenced a socially awkward math whiz-turned-futures trader who earned tens of millions of dollars over several years and helped trigger a U.S. stock market “flash crash” from his (full story)

CP Headlines
 CEO walks back pledge to fix homes damaged in
 Nissan to offer severance packages to older US
 Autistic futures trader who triggered crash
 Mexico tries to sell presidential jet to Canada;
 Bad timing: New virus poses threat to fragile
 Business Highlights
 J. Crew hires former Victoria's Secret exec to
 How major US stock indexes fared Tuesday
 EBay: 4Q Earnings Snapshot
 Starbucks' results top estimates but coronavirus
 Apple's banner holiday-season quarter tops
 Apple: Fiscal 1Q Earnings Snapshot
 CN Q4 earnings drop following week-long strike,
 Most actively traded companies on the TSX
 Starbucks: Fiscal 1Q Earnings Snapshot
 Nucor, Whirlpool rise; Harley-Davidson, Pfizer
 Starbucks Reports Q1 Fiscal 2020 Results
 Grains mixed, livestock mixed.
 B.C. chemicals plant to be sold to satisfy
 
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