Wednesday, February 26, 2020

Microsoft expects Windows unit to miss revenue outlook on coronavirus impact

Reuters.com Newsletter

Microsoft expects Windows unit to miss revenue outlook on coronavirus impact

Microsoft Inc said on Wednesday it does not expect to meet the third-quarter revenue forecast for its 'more personal computing' business, as a result of the coronavirus outbreak, sending its shares down more than 1% in after-market trading.

Wall Street falls more slowly as investors parse coronavirus fears

The S&P 500 fell for a fifth straight day on Wednesday and while its decline was slower than the last few days, the session was volatile as investors reacted to headlines about coronavirus and sought to gauge its economic fallout.

NMC Health removes CEO amid investigation of UAE firm's finances

NMC Health has removed Chief Executive Prasanth Manghat with immediate effect and granted its finance chief extended sick leave, as more details emerge from an investigation into the UAE healthcare firm's finances.

Stocks, oil fall as coronavirus fears grip markets

Stocks and oil prices resumed their fall on Wednesday after authorities said more than 80 people were being monitored for the novel coronavirus in New York state's Long Island, adding to concern over its spread in Europe, Asia and the Middle East.

Senator Rubio seeks U.S. review of sale of AT&T unit to Czech-owned conglomerate

U.S. Senator Marco Rubio on Wednesday asked the Trump administration to review the national security implications of AT&T's Inc's planned sale of its majority stake in Central European Media Group Enterprises (CME) to the Czech-owned conglomerate PPF Group.

U.S. stock exchanges say prepared for coronavirus

U.S. stock exchanges said on Wednesday they were watching coronavirus-related developments closely and had contingency plans in place to continue running if any of their operations were affected.

Apple shareholders defeat proposal over Chinese app removal policies

Apple Inc's shareholders on Wednesday defeated a proposal critical of its removal of apps at the request of the Chinese government, but the proposal drew a much higher proportion of votes than similar proposals in previous years which had gained support only in single-digit percentages.

Google defeats conservative nonprofit's YouTube censorship appeal

Google persuaded a federal appeals court on Wednesday to reject claims that YouTube illegally censors conservative content.

Waymo joins critics of California's self-driving data reports

Alphabet Inc's Waymo, widely considered the front-runner in self-driving vehicles, on Wednesday joined a growing chorus of dissenters panning a California requirement on reporting test data, as the state released 2019 results.

EU open to more spending in countries hit by coronavirus outbreak

Italy and other euro zone countries hit by the coronavirus outbreak are expected to benefit from waivers under EU fiscal rules that will allow them to spend more to tackle the emergency, the bloc's economics commissioner said on Wednesday.

Oil prices drop to lowest in more than a year as coronavirus spreads

Oil prices fell to their lowest in more than a year on Wednesday after hundreds of new coronavirus cases reported in Europe and the Middle East stoked fears that energy demand would decline, and on concerns that the virus could spread across the United States.

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