News

Global Business

WHO Considers Response to Virus Outbreak

The organization could declare the coronavirus, which has killed at least 17 people in China, a public health emergency.

Matthew Heller
January 22, 2020
Bankruptcy

Oilfield Services Company McDermott Files for Bankruptcy

The prepacked Chapter 11 bankruptcy plan includes $2.8 billion in operating cash and elimination of more than $4.6 billion of debt.
Financial Performance

Halliburton Takes $2.2B Charge From Shale Slump

“The U.S. shale industry is facing its biggest test since the 2015 downturn," Halliburton CEO Jeff Miller told analysts.
Sustainability

Starbucks Lays Out Sweeping Goals to Combat Climate Change

By 2030, the coffee chain wants to cut carbon emissions in half and reduce half of its waste.
Data Security

Media to Go Tech-Free in Data Release ‘Lockups’

The Trump administration says reporters' use of computers in secure lockup rooms can give high-speed traders a "head start" on market-moving news.
Strategy

Gap Cancels Plan to Spin Off Old Navy

“The work we’ve done to prepare for the spin shone a bright light on operational inefficiencies and areas for improvement.”
Strategy

Microsoft Unveils Plan to Go ‘Carbon Negative’

"When it comes to carbon, neutrality is not enough," Microsoft says in announcing it will remove more carbon from the atmosphere than it emits by 2030.
Global Business

China GDP Growth Rate Slows to 6.1% in 2019

China's economy is "under pressure from weak consumer spending, rising unemployment and problems in the financial system."
Retirement Plans

McClatchy Gets Standstill Agreement on Pension Payments

The company has said it cannot make $124 million in contributions it owes in 2020.
Legal

Final Arguments Made Over T-Mobile, Sprint Deal

States opposing the merger call it "presumptively anticompetitive” but the companies say it will “create a new, world class network."
Financial Performance

Goldman Q4 Profit Dives as Expenses Jump 42%

The bank set aside $1.1 billlion for legal costs and spent heavily on employee compensation and benefits.
Disclosure

House Passes Bill to Close ‘8-K Trading Gap’

The current system that allows insiders to trade on information about a significant corporate event is "a total abuse of the public trust."
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