Factbox: Automakers close factories in China due to virus outbreak
Automakers and parts suppliers have had to shut factories in China, in line with government guidelines, or have flagged a hit to profits.
Automakers and parts suppliers have had to shut factories in China, in line with government guidelines, or have flagged a hit to profits.
L'Oreal CEO Jean-Paul Agon said on Friday that the French cosmetics company had a good January in China but that the spread of the coronavirus would have an impact on demand in the coming weeks.
L'Oreal's shares rose on Friday after fourth-quarter earnings from the French cosmetics company helped to offset concerns over the impact of China's coronavirus health crisis on its business.
Japanese carmaker Nissan said on Friday its sales in China, the world's biggest auto market, fell by 11.8% in January year-on-year, as the Lunar New Year holiday began earlier than usual and the outbreak of coronavirus stymied economic activity.
BP's head of downstream Tufan Erginbilgic will step down next month after six years in the job, the energy company said in a statement, becoming the latest top executive to leave as CEO Bernard Looney takes over.
Jaguar Land Rover will reduce or stop production on certain days at two of its British factories over the next few weeks as Britain's biggest carmaker pursues cost-cutting measures in response to falling demand.
Suzuki Motor Corp said on Friday it was considering sourcing vehicle components from outside China, as the spread of a new coronavirus in the country threatens to disrupt vehicle production in its biggest market, India.
Honda Motor Co raised its forecast for full-year operating profit by 6% as a weaker yen increased the value of overseas sales.
"This is one of those deals where if they had brought it higher it would have been crushed," CNBC's Jim Cramer said ahead Casper's Thursday debut as a publicly traded stock.
Boeing Co said Thursday that a new software update to address an indicator light issue on the grounded 737 MAX will not impact its mid-2020 estimate for the plane's return to service.
Fiat Chrysler said its operating profit matched expectations in the fourth quarter, boosted by strong North American business and better results in Latin America, as it heads to a merger rival PSA .
Equinor joined other major European oil and gas companies on Thursday by including emissions from the fuel it sells to customers in its carbon reduction targets as investors step up the pressure on fossil fuel producers.
Deutsche Bank on Thursday revealed that Los Angeles-based Capital Group has taken a 3.1% stake, boosting shares in Germany's largest bank which has been hit by losses and misconduct scandals.
Uber Technologies Inc on Thursday moved forward by a year its target to achieve a measure of profitability to the fourth quarter of 2020, but the ride-hailing company still expects to lose a total of more than $1 billion this year.
U.S. stocks rose for a fourth straight session on Thursday on China's efforts to contain the economic fallout from the coronavirus outbreak, while investors assessed a mixed batch of corporate earnings.