Bloomberg The aerospace industry is joining carmakers in shuttering Chinese plants in response to the coronavirus outbreak, with Airbus SE halting an assembly line and Boeing Co and Safran SA also closing facilities. Airbus’s plant in Tianjin, east of Beijing, has remained idle beyond the Lunar New Year holiday as travel restrictions present logistical challenges and the government advises people ...

Bloomberg Bombardier Inc jumped on a Wall Street Journal report that the Canadian maker of planes and trains is in talks to sell its private-jet unit to Textron Inc, which makes Cessna planes. Textron also surged on speculation that a deal would bolster its luxury-aircraft business. The negotiations have been going on for several weeks, and the terms of the ...

Bloomberg Oil traded near $51 a barrel in New York — recovering from a one-year low — as Opec+ officials gathered for an urgent meeting to assess the impact of the coronavirus on demand and consider how best to respond. An internal analysis presented to Opec+ technical experts in Vienna estimated a reduction in average global oil-demand growth of 200,000 ...