Year: 2020

Starbucks shuts shops, suspends delivery in China’s Hubei amid virus outbreak

WallStreetReview
Starbucks shuts shops, suspends delivery in China’s Hubei amid virus outbreak
FILE PHOTO: visitor drinks coffee at a Starbucks outlet inside the Forbidden City in Beijing January 18, 2007. REUTERS/Claro Cortes IV BEIJING (Reuters) – Starbucks has closed all shops and suspended delivery services in China’s Hubei province for the week-long Lunar New Year holiday, where a coronavirus outbreak originated from its capital Wuhan has caused 41 deaths in China. Starbucks... Read More

Trump speaks with British PM Johnson about telecoms security: White House

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Trump speaks with British PM Johnson about telecoms security: White House
FILE PHOTO: Britain’s Prime Minister Boris Johnson welcomes U.S. President Donald Trump at the NATO leaders summit in Watford, Britain December 4, 2019. REUTERS/Peter Nicholls/Pool/File Photo WASHINGTON (Reuters) – U.S. President Donald Trump on Friday discussed the security of telecommunications networks with British Prime Minister Boris Johnson, the White House said, as Britain nears a decision on Huawei’s role in... Read More

Former top U.S. general Dunford joining Lockheed Martin’s board

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Former top U.S. general Dunford joining Lockheed Martin’s board
WASHINGTON (Reuters) – The former top U.S. military official, General Joseph Dunford, has been elected to the board of Lockheed Martin Corp (LMT.N), the Pentagon’s largest weapons supplier, the company said on Friday. FILE PHOTO: Joint Chiefs Chairman Gen. Joseph Dunford arrives in the Rotunda before the casket of U.S. Senator John McCain lies in state at the U.S. Capitol... Read More

Habit Burger Grill plans to offer Impossible plant-based patty

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Habit Burger Grill plans to offer Impossible plant-based patty
NEW YORK (Reuters) – The Habit Restaurants Inc (HABT.O), known as the Habit Burger Grill, plans to put a plant-based meat patty from Impossible Foods Inc on its menu in the second half of this year as a limited-time offering. FILE PHOTO: Employees work at the Impossible Foods headquarters in Silicon Valley, in San Francisco, California, U.S., December 19, 2019.... Read More

Brent logs worst weekly loss in a year as China virus fears swell

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Brent logs worst weekly loss in a year as China virus fears swell
NEW YORK (Reuters) – Crude prices sank more than 2% on Friday and Brent logged its biggest weekly decline in more than a year as concerns that a coronavirus will spread farther in China, the world’s second-largest oil consumer, curbing travel and oil demand. FILE PHOTO: Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August... Read More

The S&P 500 has worst day since October as virus fears mount

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The S&P 500 has worst day since October as virus fears mount
NEW YORK (Reuters) – Wall Street fell in a broad sell-off on Friday, as investors fled equities on growing concerns over the scope of the coronavirus outbreak, capping the S&P 500’s worst week in six months. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., January 24, 2020. REUTERS/Lucas... Read More

U.S. Justice Dept. plans to hold meeting to discuss tech industry liability: sources

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U.S. Justice Dept. plans to hold meeting to discuss tech industry liability: sources
WASHINGTON (Reuters) – The U.S. Justice Department is planning to hold a conference to discuss the future of a federal law which largely exempts online platforms from legal liability for the material their users post, sources familiar with the plans said on Friday. FILE PHOTO: A general view of the Department of Justice building is seen in Washington, U.S., April... Read More

Dollar dips vs yen as investors reach for safe havens on virus scare

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Dollar dips vs yen as investors reach for safe havens on virus scare
NEW YORK (Reuters) – The U.S. dollar slipped against the safe-haven Japanese yen on Friday as investors fretted over concerns that a spreading virus from China would curb travel and hurt economic demand. FILE PHOTO: Dollar banknotes are seen in this picture illustration taken June 13, 2017. REUTERS/Dado Ruvic/Illustration/File Photo The U.S. Centers for Disease Control and Prevention (CDC) on... Read More