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 Stocks in China were being hit hard in early trading Thursday with Hong Kong and Shanghai exchanges off more than 1.5% as the spread of the coronavirus that originated in Wuhan, China, spooked investors ahead of Saturday's Lunar New Year holiday.
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 Ford Motor Co. said late Wednesday it expects to take a fourth-quarter pre-tax charge of $2.2 billion related to pension obligations that will cut down on its net income. After taxes, the $2.2 billion loss is expected to slash Ford's net income by about $1.7 billion, Ford said in a filing. As it is a special item, the loss will not impact adjusted profit or adjusted per-share profit, the car maker said. It also did not have an impact on the company's cash in 2019, and does not change its expectations for pension contributions this year, Ford said.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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 World stock markets gained back some ground on Wednesday as investors took heart from measures to curb the spread of a flu-like virus from China, while oil prices tumbled on a forecast for a market surplus.
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Asian shares and U.S. stocks fell on Thursday as investors remained anxious about the spread of a new flu-like virus in China just as millions prepared to travel for the Lunar New Year.
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Billionaire hedge fund manager Seth Klarman is warning this rally that has taken stocks to record highs could end pretty soon.
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Here's what happened to the stock market on Wednesday CNBCMarkets rebound as investor fears over China virus ease Financial TimesTech leads S&P to slight gain The Straits TimesStocks close little changed, IBM leads tech shares higher CNBCS&P 500 aims for record open on IBM support, fading China virus fears Reuters.comView full coverage on Google News
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Canadian cannabis company Canopy Growth Corp. said Wednesday it has named Judy Schmeling as chair of its board. Schmeling has been a board member since Nov. of 2018 and also sits on the board of Constellation Brands Inc. , Canopy's biggest shareholder, as well as on the board of Casey's General Stores. Canopy shares rose 1.1% in premarket trade, but have fallen 46% in the last 12 months, while the ETFMG Alternative Harvest ETF has fallen 41% and the S&P 500 has gained 26%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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(Updates to close of U.S. markets)
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