Virus Outbreak Fuels Volatility in Some Biotech Stocks

The deadly coronavirus outbreak is sparking big moves among biotechnology stocks, a volatile sector where companies can flourish or struggle depending on their progress in developing new medical treatments.

 
Boeing CEO Aims to Restore MAX Trust

David Calhoun expressed confidence the 737 MAX would eventually fly passengers again despite repeated delays in winning regulatory approval for the troubled jet.

 
McDermott Unveils Bankruptcy Plan That Hands Control to Lenders

McDermott International outlined its intention to emerge from bankruptcy in the coming months under new ownership with a plan that pays bondholders a minimal recovery and wipes out existing shareholders.

 
FAA Lowered Bar for Southwest Approvals, Whistleblower Alleges

U.S. air-safety regulators likely acted improperly in the way they authorized Southwest Airlines to begin flights between California and Hawaii, according to the government agency that handles federal whistleblower complaints.

 
IBM's Turn Might Stick

Cloud and Red Hat deal return tech giant's growth prospects.

 
Tesla Tops Volkswagen to Become Second-Most-Valuable Auto Maker

Elon Musk has navigated Tesla into new and potentially lucrative territory, taking the electric-car maker's market value above $100 billion and, in the process, overtaking Volkswagen as the world's No. 2 most valuable auto maker.

 
CEO of Hallmark Channel Parent Is Leaving

Bill Abbott's exit comes weeks after the channel found itself in a firestorm of controversy when it pulled commercials featuring a same-sex marriage, only to reverse its decision days later.

 
Johnson & Johnson's Profit, Sales Rise

The health-products company reported net income of $4.01 billion for the latest quarter, with sales falling just short of expectations, including a 3.5% rise in its pharmaceuticals division and a 0.5% decline in medical devices.

 
Express to Close 100 Stores by 2022

The fashion retailer's announcement sent its shares up more than 20% on Wednesday.

 
Boeing's Latest Setback Could Have a Silver Lining

Everything seems to be going wrong for Boeing. In the latest batch of bad news, however, there may be some grounds for optimism.

(END) Dow Jones Newswires

January 22, 2020 19:15 ET (00:15 GMT)

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