Intel and Vivo pull from Mobile World Congress over virus
Intel and Vivo joined Ericsson, Amazon, Sony and LG in pulling out of the Mobile World Congress in Barcelona February 24 to 27 due to virus concerns. The event attracted over 100000 visitors, including 5000 to 6000 from China, amid a viral outbreak that has infected tens of thousands and killed over 1000. The IEA said 2019 emissions were unchanged at 33 gigatons as renewables and cleaner energy offset rises in some regions. Air Italy will cease operations and liquidate after shareholders declined further investment, with 1200 jobs at stake and 30 routes affected.
MENTIONED IN THIS ARTICLE
London
U.S
Intel
Vivo
Barcelona
Spain
Ericsson
Amazon
Sony
China
Berlin
International Energy Agency
United States
European Union
Japan
Asia
IEA
Fatih Biro
Milan
Air Italy
Meridiana
Alisarda
Aga Khan
Qatar Airways
Italy
Paola de Micheli
Open jobs fall sharply for 2nd straight month
U S businesses cut advertised jobs in December for the second month, down 5.4 percent to 6.4 million. Openings still exceed unemployed, but the total fell by more than 1 million year over year, the largest drop since the Great Recession. Unemployment stands at 3.6 percent with 225,000 jobs added in December.
MENTIONED IN THIS ARTICLE
Washington
U.S
Labor Department
Daniel Silver
Jpmorgan Chase
Judge clears path for T-Mobile Sprint deal in high-stakes ruling
In New York federal court Judge Victor Marrero rejected claims that the 26.5 billion merger would raise prices, allowing T-Mobile to proceed toward closing as early as April 1. The ruling narrows the wireless market to three major players while Dish pledges a new 5G network, and remaining approvals proceed. NY AG Letitia James signaled possible appeal as consumer groups warn of higher bills.
MENTIONED IN THIS ARTICLE
New York
T-Mobile
Sprint
U.S
Verizon
At&t
Dish
Victor Marrero
Wireless
Marrero
U.S. Justice Department
Justice Department
California
Letitia James
Under Armour faces big NYC store plan and virus hit
Under Armour plans a major New York flagship may shift strategy amid the coronavirus impact. It forecasts Q1 sales down 50 to 60 million and pre tax restructuring charges of 325 to 425 million, including 225 to 250 million tied to the flagship. The firm projects full year revenue down a low single digit and warns of longer supply delays. CEO Patrik Frisk cites weak North America demand and aggressive discounting. The company reports a quarterly loss of 15.3 million with adjusted earnings of 10 cents per share on 1.44 billion in revenue.
MENTIONED IN THIS ARTICLE
New York
Under Armour
China
FAO Schwarz
Baltimore
Nike
Lululemon
Patrik Frisk
North America
Zacks Investment Research
Wall Street
Fifth Avenue
Dave Bergman
Frisk
Under Armour Inc
Also Mentioned on This Page
Bean Automotive Group
Miami
Lynne Sladky
McDonald’s
Wilfredo Lee
Judge
Big Nyc
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