January 2020 – Page 10

Amazon holiday sales jump as one-day shipping pays dividends, stock up 13%

January 31, 2020 admin Comments Off

If the share gain holds on Friday, it will be the biggest daily jump for Amazon since October 2017. Amazon also forecast operating income of up to $4.2 billion in the current quarter, down from $4.4 billion the year prior. Amazon Chief Financial Officer Brian Olsavsky told reporters that additional investment in one-day shipping came slightly under the $1.5 billion the company had forecast for the fourth quarter, despite more customer orders. …read more […]

Asia shares try to rally after gut-wrenching week

January 31, 2020 admin Comments Off

Asian share markets were fighting to stabilize at the end of a punishing week as investors clutched at hopes China could contain the coronavirus, even as headlines spoke of more cases and more deaths.

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Amazon Results Show New Spending Splurge Paying Off; Shares Jump

January 31, 2020 admin Comments Off

(Bloomberg) — Amazon.com Inc. is back in fashion with investors.Concern about the cost of Amazon’s one-day delivery pledge lingered after a busy holiday period, holding the stock back while shares of rivals including Microsoft Corp., Google and Apple Inc. all rallied. That abruptly changed Thursday when Amazon reported results that crushed Wall Street estimates.Chief Executive Officer Jeff Bezos added to the enthusiasm by revealing the company has 150 million Prime subscribers who pay monthly or annual fees for shipping discounts and other perks, up from 100 million about two years ago. The stock surged 10% in extended trading.Bezos Adds $13.2 …read more […]

Pilots, flight attendants demand flights to China stop as virus fear mounts worldwide

January 31, 2020 admin Comments Off

Pilots and flight attendants are demanding airlines stop flights to China as health officials declare a global emergency over the rapidly spreading coronavirus, with American Airlines’ pilots filing a lawsuit seeking an immediate halt.

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Why 2020 Could Be A Record Year For Oil Trading Giants

January 31, 2020 admin Comments Off

2019 might have been a tough year for retail investors in the energy market, but giant oil traders have made a killing, and 2020 could be even better …read more […]

Chevron asks staff to postpone ‘non-essential’ business travel to China: memo

January 31, 2020 admin Comments Off

U.S. oil major Chevron Corp has asked its employees to postpone all “non-essential” business travel to China in the aftermath of the coronavirus outbreak, according to a memo seen by Reuters on Thursday.

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Factbox: Airlines suspend China flights over coronavirus

January 31, 2020 admin Comments Off

Airlines have started suspending flights to China in the wake of a new coronavirus outbreak, which as of Thursday had killed 170 people and infected almost 8,000.

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EA’s tepid forecast overshadows quarterly beat, shares slip

January 31, 2020 admin Comments Off

Electronic Arts Inc forecast fourth-quarter adjusted revenue below analysts’ estimates, weighed down by the delayed launch of its basketball title “NBA Live”, while its “Apex Legends” battles “Fortnite” and “PUBG” to attract young gamers.

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U.S. SEC Commissioner defends proposal on shareholder voting rules

January 31, 2020 admin Comments Off

A top official at the U.S. Securities and Exchange Commission on Thursday defended an agency shareholder voting proposal amid “misconception” received from the SEC’s public consultation process over new limits to vote on thorny issues like climate change disclosure and executive pay.

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Amgen 2020 outlook falls short of Street estimates; shares slump

January 31, 2020 admin Comments Off

Amgen Inc on Thursday forecast 2020 earnings well short of Wall Street estimates, sending shares of the largest U.S. biotechnology company down 2.5%.

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Pilots, flight attendants demand flights to China stop as virus fear mount worldwide

January 31, 2020 admin Comments Off

Pilots and flight attendants are demanding airlines stop flights to China as health officials declare a global emergency over the rapidly spreading coronavirus, with American Airlines’ pilots filing a lawsuit seeking an immediate halt.

…read more […]

IBM CEO Rometty to step down; cloud boss to succeed

January 31, 2020 admin Comments Off

International Business Machines Corp Chief Executive Officer Ginni Rometty will hand over the reins to the head of the company’s cloud business, as the pioneer tech company continues its efforts to rejuvenate itself.

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Visa sees muted revenue growth in 2020, shares fall 3%

January 31, 2020 admin Comments Off

Visa Inc on Thursday fell short of analysts’ estimate for first-quarter revenue and said revenue this year would be crimped by incentives it provide to banking clients, sending its shares down nearly 3%.

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American Airlines pilots sue to block China flights as virus unnerves crew worldwide

January 31, 2020 admin Comments Off

A pilots union filed a lawsuit on Thursday seeking to immediately halt American Airlines U.S.-China service, as cabin crews worldwide voiced unease about exposure to the rapidly-spreading coronavirus which has killed more than 170 people in China.

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Airlines suspend China flights over coronavirus

January 31, 2020 admin Comments Off

Airlines have started suspending flights to China in the wake of a new coronavirus outbreak, which as of Thursday had killed 170 people and infected almost 8,000.

…read more […]