(Bloomberg) -- Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.South Korea’s economy expanded at a much faster pace than expected in the fourth quarter, buoyed by business investment and government spending and supporting optimism that a recovery may
United Airlines reported Tuesday that higher revenue and cheaper fuel helped boost its fourth-quarter profit by nearly 40%, to $641 million.The airline's forecast of first-quarter earnings easily beat Wall Street expectations.It is not all clear sailing for United, however.The financial report came
DETROIT — Two different air bag glitches have forced Toyota and Honda to recall over 6 million vehicles worldwide, and both problems present different dangers to motorists.The Toyota recall affects about 3.4 million vehicles globally and is being done because the air bags may not inflate in a crash.
TORONTO — Shares of Spin Master Corp. fell Tuesday after it said sales were going to be worse than expected because of problems with its distribution system, a softer U.S. market, and fallout from trade disputes.The Toronto-based toy giant says results for its fourth quarter and 2019 as a whole would
(Bloomberg) -- Asian stocks looked set for a mixed start as investors mull reports that China’s coronavirus had migrated to the U.S. mainland.Treasuries climbed and the yen gained Tuesday after news of the contagion, which also hit luxury stocks on concern about disruption to spending during China’s
CALGARY — WestJet Airlines Ltd. says is removing Boeing's grounded 737 Max jet from flight schedules through June 24 following the manufacturer's latest guidance about regulatory approval for the plane to fly again.The Calgary-based airline says the change marks the ninth delay of the plane'
ANNAPOLIS, Md. — Maryland's Republican governor on Tuesday urged federal officials to allow more H-2B visas for foreign workers to help the state's $355 million seafood industry and seasonal employers.Gov. Larry Hogan made the request in a letter to Acting Homeland Security Secretary Chad Wolf
(Bloomberg) -- Boeing Co. said its grounded 737 Max won’t be cleared to fly until the middle of this year, at least six months later than previously anticipated, adding to the company’s financial burden.The U.S. planemaker is resetting expectations as it addresses two recent setbacks for the embattled
BURNS LAKE, B.C. — A collective of First Nations who support the liquefied natural gas industry in British Columbia say human rights advocates failed to do their research when they called for a pipeline project to be halted.The First Nations LNG Alliance has issued open letters to the B.C. human rights
Jan.21 -- Lyft is partnering with NBA star LeBron James and his company Uninterrupted to provide free, one-year bike share memberships. The program will start this spring in New York City. Lyft President John Zimmer talks to Bloomberg's Jason Kelly on "Bloomberg Technology."
DETROIT — Toyota is recalling about 2.9 million cars in the U.S. because the air bags may not inflate in a crash.The recall covers certain 2011-2019 Corollas, the 2011 to 2013 Matrix, the 2012 through 2018 Avalon and the 2013 to 2018 Avalon Hybrid.Toyota says the air bag control computer may not be properly
Dow component Johnson & Johnson earnings and existing home sales for December will be the focal points for investors Wednesday.
BOSTON — Two former drug company executives were sentenced Tuesday to more than two years in federal prison in a bribery and kickbacks scheme that prosecutors say helped fuel the opioid crisis.Richard Simon, a Seal Beach, California, resident and the former national sales director at Insys Therapeutics
TORONTO — Netflix says it added 125,000 subscribers in Canada during the fourth quarter as new streaming competition from Apple TV Plus and Disney Plus led to a "more muted" response from customers across the country.The global streaming company attracted more sign-ups during the period helped
Tom Nides, Morgan Stanley’s managing director and vice chair, said that the U.S. economy’s resilience makes it “hard not to be positive” about growth.
Stocks closed lower on Wall Street Tuesday after a virus outbreak in China rattled global markets.Banks, industrial and energy stocks accounted for a big share of the selling, outweghing gains in real estate stocks, utilities and household goods makers. Bond prices rose, sending yields lower.Investors
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The U.S. Department of Justice said the White House can use executive privilege to decline to release a Commerce Department report advising President Donald Trump on proposed tariffs on imports
SAN FRANCISCO — Netflix is holding its ground in the streaming wars, passing its first big test since Apple and Disney launched rival services.The company added 8.8 million worldwide subscribers during its fourth quarter, surpassing expectations at a time when it faces heated competition.Netflix had
___Boeing doesn't expect Max jet to be cleared until summerBoeing doesn't expect federal regulators to approve updates to its grounded 737 Max until this summer. People familiar with the matter say Boeing's timetable is based on how much work still needs to be done to get the approval. It
(Bloomberg) -- Vale SA was dealt back-to-back blows on Tuesday as Brazilian officials announced criminal charges including for homicide in the wake of last year’s deadly dam collapse, while a prosecutor indicated additional output cuts may be on the horizon.Former Chief Executive Officer Fabio Schvartsman
(Bloomberg Opinion) -- Despite drinking-straw bans, photos of tangled turtles and campaigning by celebrity influencers such as Gisele Bundchen and Chris Hemsworth, plastics have been booming in recent years.Far from betting that heightened concerns about waste would eat into demand, the industry has
Banks led a slide in U.S. stocks Tuesday as a virus outbreak in China rattled global markets, prompting investors to shift assets into bonds and defensive sector companies.The sell-off snapped a three-day winning streak by the S&P 500. The benchmark index ended last week at an all-time high.The selling
(Bloomberg) -- Australia has some big decisions to make about its future. For insight into the stories that matter, sign up for our new weekly newsletter.Australia’s largest investors intend to take riskier bets in 2020 as they hunt for returns amid stretched stock valuations and lingering concern about
TORONTO — Shares of five North American airlines that fly to China, including Air Canada, fell on Tuesday as fear grew about a virus that authorities say has killed six people and sickened 300 more.Investors seemed to worry that the virus could spread beyond Asia, like the SARS outbreak that started
TORONTO — Canada's main stock index fell for the first time in seven sessions Tuesday on concerns about a virus outbreak in China.The market experienced a broad-based selloff on worries that the newly identified coronavirus would spread and be as devastating as SARS was in 2002 and 2003.Anxieties