Tapestry 2Q results top Street, cautions on virus outbreak

The luxury brand Tapestry is reporting quarterly earnings that are much better than expected, but warned that the virus outbreak in China is “significantly impacting” its business there. ...

Royal Caribbean takes steps to contend with virus outbreak

Royal Caribbean has canceled eight cruises out of China through early March and is taking more precautionary steps because of the virus outbreak that began in China. The number of c...

Post-It notes maker 3M cutting about 1,500 jobs

A profound slump in manufacturing and a trade war that has slowed economic growth in China has led to a second round of layoffs at 3M, the Minnesota company that, in addition to Post-it notes, makes i...

For major shippers, 2019 ended on a sour note

For major shipping companies dealing with trade wars and slowing global growth, conditions appear to have deteriorated as 2019 came to a close. Global shipping and logistics provide...

Wells Fargo 4Q profit slides, hurt by lower interest rates

Wells Fargo's net income tumbled in the fourth quarter, weighed down by hefty costs and a lower interest rate environment. The San Francisco-based bank earned $2.87 billion, or 60 ce...

Google buys Fitbit for $2.1B, stepping back into wearables

Fitbit is being acquired by Google's parent company for about $2.1 billion, a deal that enables the internet company to step back into the hotly contested market for smartwatches and health and fitnes...

Wells Fargo hires New York Mellon's Scharf as its new CEO

NEW YORK (AP) — Wells Fargo named its third CEO in as many years as it attempts to move on from a series of scandals. The bank said Friday that Charles Scharf, chief executive of the...

Juul to end advertising and lobbying efforts of e-cigarette

Juul is shutting down broadcast, print and digital advertising and ending lobbying efforts on behalf of the e-cigarette in Washington as safety concerns intensify. The company on Wed...

Threat of Mexican tariffs, US companies in the crossfire

The surprise announcement by President Donald Trump of an escalating tariff regime against Mexico is sending ripples through almost every economic sector in the U.S., pulling at the shares of companie...

Overall sales weakness weighs on GM in 1st quarter

Americans paid more for some General Motors vehicles in the first quarter, but overall sales declined and the automaker are short of expectations. GM said Tuesday that it delivered m...

Market sell-off a good time to brush up on financial terms

With global stocks suffering their biggest declines in years, investors might need a refresher on some of the terms being thrown around. Let's start with "correction." ...