G7 finance ministers and central bank governors will hold a conference call on Tuesday to discuss measures to deal with the widening coronavirus outbreak and its economic impact, a U.S. Treasury spokeswoman said on Monday.
Traders on Monday piled into bets the U.S. Federal Reserve will deliver a big dose of stimulus starting this month amid mounting concern over the economic impact from the coronavirus and indications that global central banks are readying a monetary rescue.
Trillium Asset Management LLC has called for the separation of Johnson & Johnson's chairman and chief executive officer roles, currently held by Alex Gorsky, according to a regulatory filing https://www.sec.gov/Archives/edgar/data/200406/000020040620000014/a2020jnjproxy.htm by the healthcare conglomerate on Monday.
The Dow Jones Industrial Average surged over 5% on Monday while the S&P 500 and Nasdaq each jumped more than 4% in a major rebound following last week's steep sell-off sparked by fears about the coronavirus.
Japan's Honda Motor Co Ltd said on Tuesday it will temporarily cut back local production due to difficulty in sourcing parts amid the coronavirus outbreak.
Waymo, the self-driving unit of Alphabet Inc , said on Monday it had raised $2.25 billion in its first external investment round and expects to add more outside investors.
Novartis' generic drugs unit Sandoz has agreed to pay $195 million to reach a deferred prosecution agreement aimed at resolving antitrust charges, the Justice Department said on Monday.
The White House will hold meetings this week with top executives from U.S. airlines and the cruise industry amid the growing coronavirus outbreak, a spokeswoman for Vice President Mike Pence confirmed on Monday.
Britain on Monday unveiled its mandate for trade talks with the United States, with Prime Minister Boris Johnson vowing to drive a hard bargain in negotiations that are set to test the two allies' "special relationship".
Global shares and oil prices extended their rebound on Tuesday on mounting speculation policymakers around the world would move to ease the economic fallout from the spreading coronavirus, ahead of a conference call by Group of Seven heads.
The organizers of the Grammy Awards said on Monday they fired the chief executive they had placed on administrative leave in January.
Oil prices rose over 4% on Monday, reversing an early fall to multi-year lows as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak.
Amtrak said Monday it had tapped Atlas Air's chief executive to run the money-losing U.S. passenger railroad that has seen record traffic.
Oil prices rebounded more than $1 a barrel after earlier hitting multi-year lows on Monday, as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak.
Finnish telecom equipment maker Nokia's incoming chief executive Pekka Lundmark told a news conference on Monday it was too soon to talk about any strategic changes.