Category Archives: CNN – Business

Tokyo Disney parks closing for two weeks over coronavirus

Tokyo Disney parks closing for two weeks over coronavirus

Disney is closing down its theme parks in Japan as the novel coronavirus outbreak in that country escalates. Tokyo Disneyland and DisneySea will shut down on Saturday and stay closed through March 15, the parks’ operator Oriental Land announced on Friday. The closure comes in the wake of a request by Japan’s government to cancel…MORE

Chicago Tribune shakeup rankles newsroom staffers

Chicago Tribune shakeup rankles newsroom staffers

Chicago Tribune staffers on Thursday learned about a massive shakeup in its masthead through a series of morning emails. Editor-in-chief Bruce Dold and Managing Editor Peter Kendall were leaving. Colin McMahon, senior vice president and chief content officer at the newspaper’s parent company Tribune Publishing, would take over as editor in chief. The departures of…MORE

Asian markets fall as coronavirus continues to spread

Asian markets fall as coronavirus continues to spread

Asia Pacific markets are falling Friday as fears about the novel coronavirus continue to spur a global sell-off. Japan’s Nikkei 225 fell more than 3% in early trading. South Korea’s Kospi and Australia’s S&P/ASX 200 each lost more than 2%. Hong Kong’s Hang Seng dropped 2.7%, while China’s Shanghai Composite slid 3.4%. The declines in…MORE

Buy shares of this mask supplier to survive the selloff: analysts

Buy shares of this mask supplier to survive the selloff: analysts

As the deadly coronavirus sweeps the globe and slams businesses across multiple industries, one company could dodge the selloff. Best known as the maker of Scotch tape and Post-It notes, 3M also happens to be one of the largest producers of N95 respirators, the type of mask that more efficiently protects people against the virus…MORE

Big European companies ban business travel as coronavirus outbreak escalates

Big European companies ban business travel as coronavirus outbreak escalates

Big European companies have started to ban or restrict business travel for hundreds of thousands of employees as the coronavirus outbreak accelerates. Nestlé, the world’s largest food company, said it has asked all 291,000 of its employees not to travel internationally for business until the middle of March. “Domestic travel should be replaced by alternative…MORE

Drug companies race to test coronavirus vaccines

Drug companies race to test coronavirus vaccines

Gilead Sciences stock was up slightly on Thursday, even as the Dow plunged into correction status. The reason? The biotech company is moving closer to finding a potential treatment for the deadly coronavirus. It plans to start administering its remdesivir drug to patients next month. Shares of Gilead Sciences have risen more than 10% in…MORE

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