World-Business
Its Wuhan plants shut, Honda reports quarterly profit drop
Japanese automaker Honda reported Friday a nearly 31% dive in its October-December profit as strong demand for its motorcycles failed to make up for falling vehicles sales.
Car makers adjust to virus outbreak, Uniqlo outlets closed
Automakers are considering whether to reopen factory lines in China and counting the costs from the virus outbreak in China, while Japanese fashion brand Uniqlo reports half its shops in China are closed.
China cuts tariffs on $75B of US imports in trade truce
China cut tariffs on $75 billion of U.S. imports including soybeans, pork and auto parts Thursday in a trade truce with Washington while Beijing struggles with a costly virus outbreak.
Asian shares up on China efforts despite virus worries
Asian shares rose Wednesday on optimism that China's latest actions may help curtail some of the expected economic damage from the virus outbreak.
Chinese cities on move to bail out epidemic-hit businesses
China's local governments and e-commerce platforms are moving to reduce rents and offer financial support to help small businesses tide over the novel coronavirus outbreak.
Ford full-year profit plunges on slower sales, pension costs
Ford Motor Co.'s profit last year plunged by more than $3.6 billion, weighed down by slowing U.S. sales, the cost of a botched SUV launch and some big pension expenses.
Sony raises forecast despite lagging video-game business
Fiscal third-quarter profit at Japanese electronics and entertainment company Sony Corp. dipped to about half of what it was the previous year as its video game, networking and film businesses stumbled.
Clock is ticking for companies that depend on China imports
For companies bracing for losses from China's viral outbreak, the damage has so far been delayed, thanks to a stroke of timing: The outbreak hit just when Chinese factories and many businesses were closed anyway to let workers travel home for the week-long Lunar New Year holiday .
FTC sues to block Harry's sale to Schick owner Edgewell
Federal antitrust regulators say a proposed merger that would combine old-school shaving company Schick with upstart Harry's would end up costing consumers some skin.
Hong Kong economy shrinks in 2019 amid protests, trade war
Hong Kong's economy shrank last year for the first time since 2009, government data showed Monday, as the territory struggles with the impact of China's virus outbreak.