Is new Disney CEO Bob Chapek up to the task?

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Reuters Business News Your Evening Briefing       Tweet       Share Is new Disney CEO Bob Chapek up to the task? A global pandemic and the challenge of figuring out the future of entertainment greeted Bob Chapek on Wednesday as he took over as Chief Executive Officer of Walt Disney Co . Bed Bath & Beyond to cut about 500 jobs Home furnishing retailer Bed Bath & Beyond Inc said on Thursday it would cut about 500 jobs, including management positions, as part of a restructuring program. Pandemic fears send investors running as Wall Street confirms correction Wall Street's main indexes plunged on Thursday for the sixth straight session, with the S&P 500 confirming its fastest correction in history as the rapid global spread of coronavirus intensified worries about economic growth. Oil prices dive to lowest in over a year on coronavirus fears Oil prices tumbled for a fifth day on Thursday to their lowest level in more than a year, as new reports of novel coronavirus cases outside China spurred investor fears that the rapidly spreading outbreak could slow the global economy. Facebook to publicly track political sponsored content after Bloomberg's paid memes Facebook Inc will provide a way for people to track political sponsored content on Facebook and Instagram ahead of the U.S. presidential election, it said on Thursday. U.S. SEC orders Wells Fargo to pay $35 million penalty The U.S. Securities and Exchange Commission said on Thursday it had ordered Wells Fargo & Co to pay $35 million to settle charges it failed to adequately supervise investment advisers. Thyssenkrupp sells elevator unit for $18.7 billion to Advent, Cinven consortium By Christoph Steitz, Edward Taylor, Matthias Inverardi and Tom Käckenhoff Telecom Italia picks KKR as partner for Italian broadband Telecom Italia (TIM) on Thursday picked KKR as an exclusive partner to develop its ultra-broadband business, saying its board had taken positive note of a non-binding proposal by the U.S. investment firm. Mylan quarterly profit beats estimates Drugmaker Mylan NV reported a fourth-quarter profit on Thursday that beat estimates, helped by sales of new products such as asthma treatment Wixela. Occidental posts quarterly loss on impairment, charges Occidental Petroleum Corp reported a quarterly loss on Thursday, as it took more than $1.7 billion in impairment and other charges. Beyond Meat's restaurant, grocery tie-ups more than triple quarterly sales Beyond Meat Inc said on Thursday it expects full-year sales to grow as much as 71%, after reporting that deals with retailers and restaurants helped to more than triple fourth-quarter sales and substantially narrowed its loss. Related Videos Dow suffers 5-day dive on coronavirus fears Markets Shares tumble again after U.S. pandemic warning Business Introducing the all-new Reuters News app The new Reuters News app is here, redesigned from the ground up to fit your busy life. Get it now on iOS Your world. Your news. More Newsletters Get Reuters News App Get Reuters TV App               © 2020 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036 Email Preferences    |   Privacy Policy    |   Terms and Conditions