Panasonic to End Tesla Partnership That Makes Solar Panels in Buffalo
Panasonic will end its partnership with Tesla that produces solar panels at a factory in Buffalo, N.Y., the company said Wednesday.
Coronavirus in China Threatens Amazon Sellers
Thousands of Amazon sellers who built their businesses on China's cheap, efficient manufacturers are on the spot as the coronavirus shuts factories there. Many are raising prices to slow sales, and looking to move production.
Virgin Galactic Plans to Resume Space-Tourism Sales
Virgin Galactic Holdings still plans to make its first commercial space-tourism flight this year and took a step toward resuming ticket sales for jaunts expected to cost upward of $250,000.
Disney CEO Bob Iger Steps Aside; Parks Chief to Take Helm
Bob Chapek, who has led Disney Parks, has been named Walt Disney CEO, succeeding Bob Iger, who will stay on as executive chairman.
NBCUniversal Opens New Local Ads Business for Streaming TV
Comcast's NBCUniversal is launching a new streaming advertising business for its local TV stations group as viewers and advertisers continue to shift to internet-connected programming.
Bayer Chairman Steps Down in Midst of Roundup Legal Battle
Chairman Werner Wenning is set to step down earlier than planned and be replaced by a former PricewaterhouseCoopers executive and relative newcomer to the German company.
Germany's Lufthansa Makes Cuts as It Braces for Coronavirus Impact
Deutsche Lufthansa, Germany's flagship airline, said it would cancel projects and slash costs and expenses, one of the first signs that the global airline industry is beginning to brace for the impact of the coronavirus epidemic
Coronavirus Epidemic Threatens Rio Tinto's Supply Chain
Rio Tinto warned the coronavirus epidemic is threatening its supply chain as it reported a 41% decline in annual net profit, but said it would pay a record final dividend.
Diageo Sees up to GBP325M Coronavirus Hit
Diageo expects the coronavirus to hit net sales by GBP225-GBP325 million in the 2020 fiscal year but said the range could change as the outbreak evolves.
Danone Profit Misses Forecasts
Danone said annual net profit fell to EUR1.93 billion, undershooting analysts' forecasts, as the company issued new guidance for 2020 and cautioned that economic conditions will remain "particularly volatile."