VerizonCommunications increased its annual capital expenditure to $17.5B-$18.5B in 2020, as the company accelerates the transition to 5G network.
On Thursday, Juul Labs Inc announced that James Monsees, the company's co-founder, is planning to step down from his position in the e-cigarette maker as a board member and adviser.
France is set to authorise the use of Huawei's equipment in its 5G network roll-out, despite the US calls to ban China's telecoms group from the next-generation communications.
Slack Technologies, the workplace communication platform, is expecting a soft revenue forecast for its Q1, sending the firms's shares down over 20%, according to Reuters.
On Thursday, the President Donald Trump has signed a legislation to prevent telecom carriers from buying network equipment from such companies as Huawei Technologies, ZTE Corp and others that deemed a threat to national security.
Reuters on Thursday revealed that the French government would allow some Huawei gear in the country's 5G network.
On Thursday, US stocks ended the eleven year Bull Run, as stock indices tanked and triggered various criteria for a bear market.
On Thursday, the President of the United States Donald Trump stated that the recent drop in stock markets has not even reached the 2019 low level.
During Thursday's trading, global stock indices suffered a meltdown. The drop was led by Italian stocks plummeting by 17% during one trading session.
Azul shares edged lower by 34%, and LATAM shares declined by 13% after the Azul SA and LATAM Airlines announced a 30% cut on international flights due to the coronavirus pandemic.
On Thursday, Charles Michel, the EU Council President, said that the European Union opposes the US decision to unilateral impose a travel ban on European nations to the United States.
On Thursday, the European Central Bank President Christine Lagarde said that the ECB had approved new stimulus plans to support the weak Eurozone economy cope with the impact of the coronavirus.
On Thursday, the President of the New York Stock Exchange Stacey Cunningham said that the NYSE is not planning to close the trading floor at this time.
According to three sources with knowledge of the matter, Sinclair Oil is weighing the initial incoming offers and would determine whether to sell the company.
The global markets plunged into bear market zone on Thursday, as indices declines below the 200-week moving average, which has not occurred since 2008.
China's car sales tumbled 79% in February, the largest ever monthly decline, as the demand was hit by the outbreak of coronavirus.
Brian Lesser, the CEO of AT&T's advertising unit Xandr, stepped down from his position, raising questions over the future of the advanced advertising strategy, Reuters reported.
The US producer prices dropped by its most in the previous five years last month, tumbled by declines in good costs such as services and gasoline.
Sales at WH Smith's stores in Britain's airports plunged by 35% due to the coronavirus outbreak, potentially reducing the company's profit by about $51M in 2020, the UK retailer said.
On Thursday, stock prices of Airlines plummeted even further than during the previous week, as United States announced travel restrictions from the EU.
TikTok, the social media app, launches a content moderation centre, seeking to boost its transparency, the Chinese firm stated on Wednesday, after it had faced scrutiny from the United States over user data sharing with China's government.
China's car sales tumbled 79% in February, the largest ever monthly decline, as the demand was hit by the outbreak of coronavirus.
Brian Lesser, the CEO of AT&T's advertising unit Xandr, stepped down from his position, raising questions over the future of the advanced advertising strategy, Reuters reported.
Airline group Lufthansa announced it would cancel 23K flights from 29th of March to 24th of April amid the coronavirus outbreak.