What's News: Business & Finance -- WSJ
February 26 2020 - 2:02AM
Dow Jones News
This article is being republished as part of our daily
reproduction of WSJ.com articles that also appeared in the U.S.
print edition of The Wall Street Journal (February 26, 2020).
The yield on the benchmark 10-year U.S. Treasury note fell to an
all-time low amid worries the coronavirus could seriously disrupt
the world economy. U.S. stocks extended their slide, with the Dow
and S&P 500 both down more than 3%. The Nasdaq fell 2.8%.
Disney's Robert Iger stepped aside as CEO but will retain
significant power over the company as executive chairman. Bob
Chapek succeeds him as chief.
Salesforce said co-CEO Keith Block is stepping down, leaving
Marc Benioff in charge of the business-software provider.
Safety investigators rebuked the regulator responsible for
overseeing the safety of Tesla's Autopilot system, which they found
contributed to another fatal crash.
Amazon rolled out its checkout-free "Go" technology in a large
grocery store in Seattle and plans to license the cashierless
system to other retailers.
Univision agreed to sell a majority stake to a bidding group
that includes ex-Viacom finance chief Wade Davis and Searchlight
Capital.
Mallinckrodt said it reached a more than $1.6 billion settlement
of liabilities stemming from the opioid-addiction crisis.
(END) Dow Jones Newswires
February 26, 2020 02:47 ET (07:47 GMT)
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