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FILE - In this Monday, Sept. 9, 2019 file photo, a British Airways plane, at left, is towed past other planes sitting parked at Heathrow Airport in London. British Airways and Asian budget carriers Lion Air and Seoul Air are suspending all flights to China as fears spread about the outbreak of a new virus that has killed more than 130 people. British Airways said Wednesday, Jan. 29, 2020, it is immediately suspending all flights to and from mainland China after the U.K. government warned against unnecessary travel to the country. (AP Photo/Matt Dunham, File)

More airlines drop flights to China as virus spreads

Jan. 29, 2020 3:30 PM EST

BANGKOK (AP) — British Airways halted all flights to China and American Airlines suspended Los Angeles flights to and from Shanghai and Beijing as efforts to contain a new virus intensifies. The coronavirus has now infected more people in China than were sickened in the country by the SARS outbreak in...

FILE - In this Jan. 22, 2020, file photo signs for a McDonald's restaurant hang on a building in the Chinatown section of New York. McDonald's reports financial results on Wednesday, Jan. 29. (AP Photo/Mark Lennihan, File)

McDonald's wraps up tumultuous year on a strong note

Jan. 29, 2020 11:06 AM EST

McDonald's wrapped up a tumultuous year on a high note after the company's CEO was ousted in November. The burger giant said Wednesday it surpassed $100 billion in annual sales for the first time, and notched its highest same-store sales in more than a decade, with growth in all of its global regions. Even as...

FILE- In this March 26, 2018, file photo, a Norfolk Southern freight train rolls through downtown Pittsburgh. Norfolk Southern Corp. reports financial results Thursday, Jan. 24, 2019.  Norfolk Southern Corp.'s fourth-quarter profit declined 5% as the railroad hauled 9% less freight. The Norfolk, Virginia-based company said Wednesday, Jan. 29, 2020 it made $666 million, or $2.55 per share, in the quarter.  (AP Photo/Gene J. Puskar, File)

Norfolk Southern's 4Q profit slips 5% as railroad hauls less

Jan. 29, 2020 10:03 AM EST

OMAHA, Neb. (AP) — Norfolk Southern Corp.'s fourth-quarter profit declined 5% as the railroad hauled 9% less freight. The Norfolk, Virginia-based company said Wednesday it made $666 million, or $2.55 per share, in the quarter. That's down from $702 million net income, or $2.57 per share, a year earlier....

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, Jan. 29, 2020. Shares are mostly higher in Asia after a rebound on Wall Street that reversed most losses from a sell-off the day before. (AP Photo/Ahn Young-joon)

World shares mostly higher after rebound on Wall Street

Jan. 29, 2020 4:58 AM EST

Shares advanced in most European and Asian markets on Wednesday after a rebound on Wall Street reversed most losses from a sell-off the day before. Hong Kong's Hang Seng dropped 2.8%, to 27,174.43 after its markets reopened from Lunar New Year holidays, while other Chinese markets remained closed. The U.S....

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, Jan. 29, 2020. Shares are mostly higher in Asia after a rebound on Wall Street that reversed most losses from a sell-off the day before. (AP Photo/Ahn Young-joon)

Asian shares mostly higher after rebound on Wall Street

Jan. 28, 2020 11:47 PM EST

Shares advanced in most Asian markets on Wednesday after a rebound on Wall Street that reversed most losses from a sell-off the day before. Hong Kong's Hang Seng dropped 2.4%, to 27,289.55 after reopening from Lunar New Year holidays, while other Chinese markets remained closed. The U.S. rally overnight snapped...

FILE - In this Nov. 23, 2015, file photo, the Pfizer logo is displayed at world headquarters in New York.  Pfizer is reporting a $306 million loss for the fourth quarter after it shifted its consumer health business into a joint venture last year. It narrowly Wall Street expectations for net income when nonrecurring events are removed. The biggest US drugmaker on Tuesday, Jan. 28, 2020 reported a net loss of  6 cents per share.   (AP Photo/Mark Lennihan, File)

Pfizer posts 4Q loss, misses Street views, on lower revenue

Jan. 28, 2020 4:32 PM EST

Pfizer's ongoing restructuring is significantly reducing revenue, resulting in a $337 million loss in its fourth quarter and a miss of Wall Street's profit expectations. The results and Pfizer's 2020 financial forecasts didn't please investors, who drove Pfizer shares down more than 4%, an unusually large drop...

FILE - In this Jan. 17, 2019 file photo, Frederic Lissalde, President and CEO, of BorgWarner speaks at the Automotive News World Congress in Detroit.  The auto parts supplier BorgWarner is acquiring Delphi Technologies in an all-stock deal, Tuesday, Jan. 28, 2020.  Lissalde will lead the combined company, which will be based at BorgWarner's headquarters in Auburn Hills, Mich.  (AP Photo/Paul Sancya)

BorgWarner to buy rival auto parts supplier Delphi for $3.3B

Jan. 28, 2020 8:34 AM EST

AUBURN HILLS, Mich. (AP) — Auto parts supplier BorgWarner is acquiring Delphi Technologies in an all-stock deal valued at approximately $3.3 billion, partly to help strengthen its power electronics products. Delphi Technologies PLC shareholders will receive a fixed exchange ratio of 0.4534 shares of...

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Jan. 28, 2020. Asian shares continued to fall Tuesday, dragged down by worries about an outbreak of a new virus in China that threatens global economic growth. (AP Photo/Ahn Young-joon)

Stock markets stabilize after selloff over China virus

Jan. 28, 2020 8:09 AM EST

TOKYO (AP) — European stock markets and U.S. futures edged higher after another day of losses in Asia on Tuesday amid worries over the expanding outbreak of a new virus in China. France's CAC 40 rose 0.5% to 5,893 , while Germany's DAX rose 0.4% to 13,253. Britain's FTSE 100 was up 0.5% at 7,447. U.S....

A currency trader wearing a mask watches a calendar at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Jan. 28, 2020. Asian shares continued to fall Tuesday, dragged down by worries about an outbreak of a new virus in China that threatens global economic growth. (AP Photo/Ahn Young-joon)

Asian shares sink on mounting worries over China outbreak

Jan. 27, 2020 11:30 PM EST

TOKYO (AP) — Asian shares skidded again Tuesday on deepening worries over the expanding outbreak of a new virus in China. Markets in Hong Kong and mainland China were closed Tuesday for Lunar New Year holidays, while South Korea's benchmark tumbled 3.4% to 2,170.88 as it reopened after its own holidays. ...

People stand in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, Jan. 24, 2020. Shares are mostly higher in quiet trading as China closes down for its week-long Lunar New Year festival. (AP Photo/Eugene Hoshiko)

Stocks rise as virus in China not declared global emergency

Jan. 24, 2020 7:25 AM EST

BANGKOK (AP) — Global stock markets rose Friday after the outbreak of a new virus in China that that has killed 25 people and led to transport limits in several cities was not declared a global emergency. Germany's DAX gained 1.4% to 13,577 while the CAC 40 in Paris rose 1.1% to 6,038, helped also by a...