It has been an eventful week for the stock market, and not in a good way. Catch up on the latest business here, and then head over to the Styles section, where we’re collecting your stories about the weird, awkward world of workplace culture. After all ...

More Business News

image

WASHINGTON (Reuters) - Martin Shkreli, the “pharma bro” in prison for defrauding investors, faces a lawsuit filed by the Federal Trade Commission and New York Attorney General’s office for a scheme to preserve his monopoly for the drug Daraprim, which has seen gigantic price increases. The lawsuit a

image

General Motors confirmed Monday it will invest $2.2 billion to convert an ageing Detroit assembly plant into the manufacturing heart of its “all-electric future.” The Detroit-Hamtramck Assembly Plant was one of five North American factories GM said it would close in November 2018 but the automaker r

image

We’re entering the busiest stretch of fourth-quarter earnings season, with 132 S&P 500 components releasing results this week. D.R. Horton and Whirlpool go first on Monday, followed by Apple, United Technologies, Lockheed Martin, Pfizer, Advanced Micro Devices, and Starbucks on Tuesday. Wednesday’s

Here's what GM, Ford are doing to safeguard workers in China amid virus outbreak
General Motors and Ford Motor Co. are taking aggressive precautions in their operations in Wuhan, China, the epicenter of the coronavirus outbreak. GM and Ford have implemented global travel restrictions for travel to China and both are extending a holiday closure of their operations there. Load Err   Detroit Free Press on MSN.com  
Preferred Apartment Communities, Inc. Announces Date of Fourth Quarter and Year Ended 2019 Earnings Release and Conference Call
ATLANTA, Jan. 27, 2020 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced plans to release its fourth quarter and year ended 2019 earnings after the market closes on Monday, February 24, 2020. Following are the details of a conference call PAC   YAHOO!  
EU antitrust regulators to rule on $69 billion Aramco-SABIC deal by February 27
BRUSSELS (Reuters) - EU antitrust regulators will decide by Feb. 27 whether to clear state energy firm Saudi Aramco’s $69.1 billion acquisition of world number four petrochemicals group Saudi Basic Industries Corp (SABIC), a European Commission filing showed. Aramco, the world’s largest oil producer   Reuters  
India renews push to sell Air India, puts entire stake on the block
NEW DELHI (Reuters) - India said on Monday it plans to sell its entire interest in Air India Ltd, making a renewed push to sell the flag carrier after it drew no bids in an effort to auction a majority stake almost two years ago. A document released on Monday showed March 17 as the deadline for subm   YAHOO!  
Stocks, oil hit by China virus fears, safe havens gain
LONDON (Reuters) - World shares fell to their lowest in two weeks on Monday as worries grew about the economic impact of China’s spreading coronavirus with demand spiking for safe-haven assets such as Japanese yen and Treasury notes. The death toll from the coronavirus outbreak in China rose to 81 a   Reuters  
Capgemini passes first hurdle in Altran bid despite Elliott resistance
PARIS (Reuters) - French consulting and IT services provider Capgemini succeeded in securing more than half of the capital of smaller rival Altran Technologies, the French market regulator AMF said on Monday, marking a win against U.S. activist fund Elliott. The AMF said Capgemini holds 53   YAHOO!  
Banks Head Into Darkest Phase of Nordic Negative-Rate Cycle
(Bloomberg) -- Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast. If you want to know what long-term negative interest rates are doing to banks, watch Denmark in the coming months. Danes have lived with subzero   YAHOO!  
Hungary Vows To Be Carbon-Free By 2050, Remains Committed To Nuclear Power
90% of Hungary's electricity production should be carbon-free by 2030 From 2022 onwards only electric buses will be available in Hungary Hungary will remain committed to nuclear power The government of Hungary said it will need about $165.4 billion to convert its entire economy to carbon-free status   International Business Times  
Bullishness Increases But Did Some Bulls Buy Too High?
The stock market was hit with selling early Thursday. Within the first hour of trading, there were three times more declining stocks than advancing stocks. That was the strongest selling that we have seen so far in 2020. But the market rebounded nicely: the S&P 500 had an early low of 3301, but afte   Forbes  
‘Floating feedlots’: animals spending weeks at sea on ships not fit for purpose
The live export trade carrying millions of sheep and cattle across the seas each year is plagued by “old” and “inferior” ships that are a threat to animal welfare, claims a leading shipping company. Livestock carriers are a key part of the multibillion dollar live export industry, dominated by Austr   The Guardian on MSN.com