Oreo maker Mondelez sees coronavirus hurting first-quarter sales

Mondelez International Inc , the maker of Oreos and Chips Ahoy cookies, on Wednesday said it expects first-quarter revenue will be impacted by the coronavirus spreading across China, and it has temporarily closed two factories. from Reuters: Money Ne...

Jaguar Land Rover CEO Ralf Speth to step aside in September - FT

Jaguar Land Rover's Chief Executive Officer Ralf Speth will step down in September when his contract ends, but will retain an advisory role at the British carmaker, the Financial Times reported on Wednesday. from Reuters: Money Ne...

Facebook misses expectations for cost control, revenue growth slowing

Facebook Inc said on Wednesday that growth would continue to slow as its business matured and it reported a surge in quarterly expenses, disappointing Wall Street expectations that the costs of improving privacy would level off. from Reuters: Money Ne...

Coronavirus outbreak poses risk to U.S. Fed's economic outlook

The outbreak of a new virus that originated in the central-Chinese city of Wuhan is likely to slow China's economic growth at least in the near term and could hurt its trading partners around the world. from Reuters: Money Ne...

Factbox: What's next for the Federal Reserve's balance sheet?

The Federal Reserve will keep injecting cash into the banking system and buying billions of dollars of Treasury bills for a few more months, but it aims to start dialling back on both in the second quarter, Chair Jerome Powell said Wednesday. from Reuters: Money N...

Mondelez sees first quarter revenue hit on coronavirus outbreak

Oreo maker Mondelez Inc said on Wednesday it expects a hit to its first quarter revenue from a new coronavirus outbreak in China which has killed over 130 people. from Reuters: Money Ne...