After a decline that took the major averages well off their Tuesday session highs, U.S. stock futures are pointing to a strong Wednesday open as investors become slightly less concerned about the coronavirus.
against former Chairman Carlos Ghosn today, seeking an initial amount of $90 million. The claimed damages are linked to Ghosn's "breach of fiduciary duty as a company director and his misappropriation of Nissan's resources and assets," the Japanese automaker said in a statement.
Airbnb reportedly lost money last year as costs outpaced revenue, casting doubt on the company's private valuation and the timing of its this year. The home-sharing start-up reportedly lost $322 million over the first nine months of last year.at Europe's second-highest court in a landmark case that could determine how EU enforcers take on U.S. tech giants for abuse of market power. In the U.S., the FTC said it will examine prior acquisitions by Alphabet, Amazon, Apple, Facebook and Microsoft.
Western Union reported adjusted quarterly earnings of 38 cents per share, 5 cents below estimates, with the payment processing company also seeing revenue beat forecasts. Western Union also gave an upbeat outlook for 2020, and announced a 13% increase in its quarterly dividend. Macerich was downgraded to "underweight" from "neutral" at Piper Sandler, which thinks Simon Property's acquisition of Taubman Centers makes an acquisition of the shopping center operator less likely.
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