What's News: Business & Finance -- WSJ

Date : 02/26/2020 @ 8:02AM
Source : Dow Jones News

What's News: Business & Finance -- WSJ

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (February 26, 2020).

The yield on the benchmark 10-year U.S. Treasury note fell to an all-time low amid worries the coronavirus could seriously disrupt the world economy. U.S. stocks extended their slide, with the Dow and S&P 500 both down more than 3%. The Nasdaq fell 2.8%.

Disney's Robert Iger stepped aside as CEO but will retain significant power over the company as executive chairman. Bob Chapek succeeds him as chief.

Salesforce said co-CEO Keith Block is stepping down, leaving Marc Benioff in charge of the business-software provider.

Safety investigators rebuked the regulator responsible for overseeing the safety of Tesla's Autopilot system, which they found contributed to another fatal crash.

Amazon rolled out its checkout-free "Go" technology in a large grocery store in Seattle and plans to license the cashierless system to other retailers.

Univision agreed to sell a majority stake to a bidding group that includes ex-Viacom finance chief Wade Davis and Searchlight Capital.

Mallinckrodt said it reached a more than $1.6 billion settlement of liabilities stemming from the opioid-addiction crisis.

 

(END) Dow Jones Newswires

February 26, 2020 02:47 ET (07:47 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.


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