Walt Disney Co's Robert Iger will step down as chief executive officer, handing the reins to Disney Parks head Bob Chapek, the company said on Tuesday, ending years of speculation on who will take over Hollywood's most powerful studio.
The Dow and the S&P 500 tumbled 3% on Tuesday in their fourth straight day of losses as the coronavirus spread further around the world and investors offloaded risky assets as they struggled to gauge the economic impact.
Technology shares -- a key engine of the stock market's climb to records over the last several months -- are now among those leading Wall Street's plunge on growing concerns over the coronavirus outbreak.
Billionaire Richard Branson's space tourism company, Virgin Galactic Holdings Inc , said on Tuesday its fourth-quarter net loss widened to $73 million from a year-ago loss of $46 million as it reported its first results as a publicly traded company.
One technical indicator is flashing a warning sign for tech stocks.
"If you are an investor out there and you have a long-term point of view I would suggest very seriously taking a look at the market," he said.
International Monetary Fund Managing Director Kristalina Georgieva on Tuesday nominated former IMF official Antoinette Sayeh to become a deputy managing director at the Fund.
Federal Reserve Bank of Dallas President Robert Kaplan said on Tuesday events are still too fluid around the coronavirus outbreak to say the U.S. central bank needs to lower short-term rates, the Wall Street Journal reported on Tuesday.
Fiat Chrysler Automobiles NV (FCA) Chief Executive Mike Manley received compensation of 13.28 million euros ($14.45 million) for 2019, in line with a target set by the company, the Italian-American automaker said in a filing on Tuesday.
Billionaire Richard Branson's space tourism company, Virgin Galactic Holdings Inc , said on Tuesday its fourth-quarter net loss widened to $73 million from a year-ago loss of $46 million as it reported its first results as a publicly traded company.
U.S. Trade Representative Robert Lighthizer will meet with Britain's trade minister Liz Truss this week, British government officials said on Tuesday, as the two allies gear up for post-Brexit trade talks that could prove contentious.
Mallinckrodt Plc on Tuesday said it had agreed to a $1.6 billion settlement proposal in which its generic drug business would file for bankruptcy in order to resolve thousands of lawsuits alleging it helped fuel the U.S. opioid epidemic.
California power producer PG&E Corp said on Tuesday it plans to raise up to $25.68 billion by selling securities, as it works its way out of the bankruptcy process.
SpaceX, the private rocket company of high tech entrepreneur Elon Musk, won final approval on Tuesday to build a research and manufacturing plant for its deep-space Starship project on a tract of vacant land at the Port of Los Angeles.
Mattel Inc had received a subpoena in December from the U.S. Securities and Exchange Commission seeking documents related to a whistleblower letter and subsequent investigation, the U.S. toymaker said in a filing on Tuesday.