• Boeing Co. was cut by Moody’s Investors Service to the lowest tier of investment grade.
• Visa Inc. said the incentives it hands out to banks and retailers will climb faster than revenue and are on track to be at the high end of its targeted range for 2020.
• Colgate-Palmolive Corp. posted strong sales growth last quarter even as it raised prices to consumers.
Elsewhere, oil tumbled as Asia’s coronavirus spread stoked concerns that demand for transportation fuels will shrink. The pound is ending a tumultuous month on a high note amid Britain’s exit from the European Union.
--With assistance from Cormac Mullen, Todd White, Sam Potter, Constantine Courcoulas and Claire Ballentine.
This article was provided by Bloomberg News.