WASHINGTON (AP) — As global markets plunged amid growing fears about the coronavirus outbreak, President Donald Trump and his allies pulled from a familiar playbook Friday and blamed others for the slide.
MILWAUKEE (AP) — Harley-Davidson CEO Matthew Levatich is leaving the struggling motorcycle maker. The Milwaukee company announced Friday that Levatich will leave his post and seat on Harley's board of directors.
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell sought to calm fears Friday over the viral outbreak by issuing a rare statement of reassurance that the Fed will “use our tools" to support the economy — a strong signal of a coming interest rate cut.
MIAMI (AP) — Being trapped aboard a ship with thousands of people as the new coronavirus spreads around the world isn’t the kind of serene vacation envisioned by most travelers, many of whom are delaying or canceling planned cruises at a time when bookings should be at their busiest.
WASHINGTON (AP) — Health officials reported the first U.S. drug shortage tied to the viral outbreak that is disrupting production in China, but they declined to identify the manufacturer or the product.
DETROIT (AP) — General Motors is adding 1,200 jobs at two Michigan factories to build midsize SUVs and two new luxury sedans. GM said Friday that its Lansing Delta Township plant will get a third shift and 800 more workers to build the Chevrolet Traverse and Buick Enclave SUVs, which have three rows of seats.
NEW YORK (AP) — After six days of being pounded by a virus-induced, global sell-off, U.S. markets hit a milestone this week. The S&P 500 has dropped more than 10% from the record highs set just over a week ago as a fast-spreading new virus raises the specter of damaged economies and tumbling sales for companies in the U.S., Asia, Europe and elsewhere.
BERLIN (AP) — German auto giant Volkswagen agreed Friday to pay 830 million euros ($912 million) in damages to hundreds of thousands of customers whose diesel cars were outfitted with software to manipulate emissions readings.
Global stock markets plunged further Friday on spreading fears over the impact of the new coronavirus, with some indexes set to close out their worst week since the depths of the financial crisis in 2008.
TOKYO (AP) — A Japanese vice minister for justice is heading to Lebanon for talks on the case of former Nissan Motor Co. executive Carlos Ghosn, who fled for his home country late last year while out on bail awaiting trial.
SAN FRANCISCO (AP) — California power regulators on Thursday slapped Pacific Gas & Electric with a $2.1 billion fine for igniting a series of deadly wildfires that landed the beleaguered utility in bankruptcy.
NEW YORK (AP) — Health officials confronted tough questions and doubts Thursday about testing to intercept the fast-spreading virus, with scrutiny focused on a four-day delay in screening an infected California woman despite her doctors’ early calls to do so.
Beyond Meat narrowed its losses in the fourth quarter as sales of its plant-based meat soared. The El Segundo, California-based company, which went public last year, said it lost $452,000 in the fourth quarter, down from a loss of $7.5 million in the October-December period last year.
WASHINGTON (AP) — The U.S. economy grew at an annual rate of 2.1% in the final quarter of last year, but damage from the spreading coronavirus is likely depressing growth in the current quarter and for the rest of the year.
NEW YORK (AP) — Food delivery giant DoorDash has taken a first formal step toward a stock market debut. The San Francisco-based company said Thursday that it had filed paperwork with the Securities Exchange Commission outlining its proposed public stock offering.