Tag: business news

More stores in China close, Trump heaps praise on Xi

More stores in China close, Trump heaps praise on Xi

This is a live blog. Please check back for updates. All times below are in Eastern time. Total cases: More than 31,000 as of Friday morning.Total deaths: At least 636 worldwide as of Friday morning  8:39 am Canada Goose says travel restrictions are hurting sales  8:15 am: Uber CEO Dara Khosrowshahi says outbreak is not […]

Tidjane Thiam to step down as Credit Suisse CEO

Tidjane Thiam to step down as Credit Suisse CEO

Credit Suisse CEO Tidjane Thiam is stepping down in the wake of a spying scandal, and will be replaced by Thomas Gottstein who currently heads the bank’s Swiss unit. In a statement Friday morning, the board of directors said it had unanimously accepted Thiam’s resignation, following the presentation of the Swiss lender’s fourth-quarter and full-year […]

NBC News review of Iowa caucus vote finds potential errors, inconsistencies

NBC News review of Iowa caucus vote finds potential errors, inconsistencies

A caucus volunteer works on paperwork on February 3, 2020 in Carpenter, Iowa. Iowa is the first contest in the 2020 presidential nominating process with the candidates then moving on to New Hampshire. Steve Pope | Getty Images The Iowa Democratic caucus results are rife with potential errors and inconsistencies that could affect the outcome […]

ViacomCBS new streaming service to include Paramount, CBS All Access

ViacomCBS new streaming service to include Paramount, CBS All Access

Bob Bakish, president and chief executive officer of ViacomCBS Inc., center left, and Shari Redstone, chair of VicaomCBS Inc., applaud during the opening bell in celebration of the company’s merger at the Nasdaq MarketSite in New York, U.S., on Thursday, December 5, 2019. Michael Nagle | Bloomberg | Getty Images First came the merger. Now […]

China becomes increasingly isolated as airlines pull out

China becomes increasingly isolated as airlines pull out

Chinese citizens wear face masks to protect against the spread of the Coronavirus as they check in to their Air China flight to Beijing, at Los Angeles International Airport, on February 2, 2020. Mark Ralston | AFP | Getty Images Dai Xin planned to fly to the northeastern Chinese city of Shenyang this month to […]

US productivity and labor costs Q4 2019

US productivity and labor costs Q4 2019

U.S. worker productivity rebounded in the fourth quarter, keeping labor costs in check. The Labor Department said on Thursday nonfarm productivity, which measures hourly output per worker, increased at a 1.4% annualized rate last quarter. Productivity decreased at an unrevised 0.2% pace in the July-September period, the biggest drop since the fourth quarter of 2015. […]

Tesla closes stores, Olympics organize task force

Tesla closes stores, Olympics organize task force

This is a live blog. Please check back for updates. All times below are in Eastern time. Total cases: More than 28,000 as of Thursday morning.Total deaths: At least 565 worldwide as of Thursday morning 9:02 am:  Yum Brands shares drop as CEO comments on coronavirus hit Yum Brands, the owner of Taco Bell, KFC […]

ADP Moody’s private payrolls January 2019 nearly double expectations

ADP Moody’s private payrolls January 2019 nearly double expectations

The jobs market kicked off 2020 in grand fashion, adding 291,000 in private payrolls for the best monthly gain since May 2015, according to a report Wednesday from ADP and Moody’s Analytics. That was well above the 150,000 estimate from economists surveyed by Dow Jones and more evidence that the U.S. still is a good […]

Bernie Sanders January fundraising fuels Super Tuesday ad buy

Bernie Sanders January fundraising fuels Super Tuesday ad buy

Democratic U.S. presidential candidate Senator Bernie Sanders speaks to supporters and volunteers at a campaign field office in Cedar Rapids, Iowa, February 2, 2020. Mike Segar | Reuters Bernie Sanders’ presidential campaign raked in a whopping $25 million in January alone and will use the haul to bankroll ads and staff across the critical Super […]

Epic, about 60 hospitals sign letter opposing HHS proposed data rules

Epic, about 60 hospitals sign letter opposing HHS proposed data rules

Judith Faulkner, CEO of healthcare IT giant Epic Systems. Source: Epic Systems Epic Systems CEO Judy Faulkner recently urged some of the largest health systems in the country to sign a letter opposing proposed rules designed to make it easier for patients to obtain their medical information and share it with apps. About 60 of […]