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Stocks plunge on coronavirus fears even as U.S. ramps up fight against spread

20 mins ago NAMEX Comments Off on Stocks plunge on coronavirus fears even as U.S. ramps up fight against spread
NEW YORK/WASHINGTON (Reuters) – U.S. stocks plummeted on Thursday as fears about the effect of the coronavirus outbreak on economic growth flared even as U.S. officials pledged that they were stepping up efforts to safeguard Americans from the virus’ spread. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, Read More

PRESS DIGEST-British Business – Feb 28

27 mins ago NAMEX Comments Off on PRESS DIGEST-British Business – Feb 28
Feb 28 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times Flutter Entertainment Plc, the gambling operator that owns Paddy Power and Betfair, said that the ban on credit card bets could reduce its Read More

Liz Peek: Desperate Democrats hope coronavirus will undermine Trump

2 hours ago NAMEX Comments Off on Liz Peek: Desperate Democrats hope coronavirus will undermine Trump
Could thecoronavirus be the magic bullet to kill off the Trump presidency? Desperate Democrats certainly hope so; they imagine the spreading disease will knock confidence and our robust economy for a loop, undermining President Trump’s best argument for reelection. Who can be surprised? The Democratic primary season has launched Sen. Bernie Sanders, I-Vt., the aging socialist from Read More

Facebook to publicly track political sponsored content after Bloomberg’s paid memes

2 hours ago NAMEX Comments Off on Facebook to publicly track political sponsored content after Bloomberg’s paid memes
SAN FRANCISCO (Reuters) – Facebook Inc (FB.O) 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. FILE PHOTO: The Facebook logo is displayed on a mobile phone in this picture illustration taken December 2, 2019. REUTERS/Johanna Geron/Illustration/File Photo The Read More

Shawcor Ltd. Announces Fourth Quarter 2019 Results

4 hours ago NAMEX Comments Off on Shawcor Ltd. Announces Fourth Quarter 2019 Results
Fourth quarter 2019 revenue was $334 million, 6% lower than the $354 million reported in the fourth quarter of 2018. Adjusted EBITDA1 in the fourth quarter of 2019 was $30 million, 22% higher than the $24 million reported in the fourth quarter of 2018. Net loss2 in the fourth quarter of 2019 was $81.8 million Read More

Beyond Meat’s restaurant, grocery tie-ups more than triple quarterly sales

5 hours ago NAMEX Comments Off on Beyond Meat’s restaurant, grocery tie-ups more than triple quarterly sales
(Reuters) – Beyond Meat Inc (BYND.O) 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. FILE PHOTO: Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, are shown for sale Read More

Strange seal ‘ballet’ underneath Antarctic iceberg revealed in breathtaking photo

5 hours ago NAMEX Comments Off on Strange seal ‘ballet’ underneath Antarctic iceberg revealed in breathtaking photo
A stunning image showing a group of seals swimming in sync beneath an Antarctic iceberg has captured a major photography award. The ethereal photograph, taken by French photographer Greg Lecouer underneath an iceberg, shows four crabeater seals drifting in the frigid waters. Lecouer’s picture, titled “Frozen Mobile Home,” was selected by judges from among more Read More

1st coronavirus case of unknown origin in US was hospitalized for days before being tested: officials

5 hours ago NAMEX Comments Off on 1st coronavirus case of unknown origin in US was hospitalized for days before being tested: officials
A Northern California woman who is the nation’s firstcoronavirus case of unknown origin was hospitalized for days before she was tested for the novel virus, according to the hospital where she initially sought treatment before being transferred to UC Davis Medical Center. The woman was first treated at NorthBay VacaValley Hospital, which is under the NorthBay Read More

Toronto Stock Exchange halts trading over unspecified technical issue

5 hours ago NAMEX Comments Off on Toronto Stock Exchange halts trading over unspecified technical issue
Feb 27 (Reuters) – Canada’s largest stock exchange operator TMX Group Ltd said on Thursday afternoon it has halted trading on the Toronto Stock Exchange due to an unspecified technical issue. TMX was investigating the problem, the exchange said in a tweet here “Once an opening time has been determined a further update will be Read More

CORRECTED-UPDATE 3-PayPal sees revenue hit from coronavirus outbreak

5 hours ago NAMEX Comments Off on CORRECTED-UPDATE 3-PayPal sees revenue hit from coronavirus outbreak
(Reuters) – Payments processor PayPal Holdings Inc (PYPL.O) said on Thursday it expects first-quarter revenue to be at the lower end of its previously forecast range, as online transactions globally took a hit from the coronavirus outbreak. FILE PHOTO: The PayPal logo is seen at an office building in Berlin, Germany, March 5, 2019. REUTERS/Fabrizio Read More