Finance

SARS Stung the Global Economy. The Coronavirus Is a Greater Menace.

In 2002, when a lethal, pneumonialike virus known as SARS emerged in China, the country’s factories were mostly churning out low-cost goods like T-shirts and sneakers for customers around the world. Seventeen years later, another deadly virus is spreading rapidly through the world’s most populous country. But China has evolved into a principal element of

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Bernard Ebbers, ex-CEO convicted in WorldCom scandal, dies

A former telecommunications executive convicted in one of the largest corporate accounting scandals in U.S. history has died February 3, 2020, 7:38 AM 2 min read A former telecommunications executive convicted in one of the largest corporate accounting scandals in U.S. history died just over a month after his early release from prison. Bernard Ebbers

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This Week: Construction spending, Disney earns, jobs report

The Commerce Department issues its December snapshot of construction spending Monday February 3, 2020, 6:00 AM 2 min read A look at some of the key business events and economic indicators upcoming this week: ECONOMIC BELLWETHER The Commerce Department issues its December snapshot of construction spending Monday. Spending on construction projects rose a solid 0.6%

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Shanghai Composite index plunges 8.7% as market reopens

BANGKOK — China’s Shanghai Composite index plunged 8.7% but then rebounded slightly as regulators moved to steady markets that reopened Monday from a prolonged national holiday amid news the outbreak of a deadly virus has spread further. Other Asian markets also fell sharply, with Taiwan’s benchmark initially down 2.8%. The declines followed a day of

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