CNBC Business

The comments follow a report by The Wall Street Journal that the company ended talks to spin off the business and will now restructure it.

Airbnb is suspending Beijing bookings until May, following new local rules aimed at combating the spread of coronavirus.

Check out the companies making headlines in midday trading on Thursday.

ARK Invest's Cathie Wood said that Tesla's planned $2 billion stock offering strengthens her bull case that shares can reach $7,000 in 5 years.

"They've got to figure out a way that they become part-software, part-car" company, NYU professor Aswath Damodaran told CNBC.

The January record continues an unrelenting increasing trend in temperatures as carbon dioxide emissions trap heat in the atmosphere and warm the planet.

On Tuesday, CDC officials said an evacuee from Wuhan was re-committed to UC San Diego Health for further medical care and isolation after being accidentally released due to a mishandling of test results.

"Sonic the Hedgehog's" Rotten Tomato score suggests that Hollywood may have finally cracked the code on how to successfully take a video game character out of their video game and onto the big screen. After all, the film currently has a 70% "Fresh" rating on Rotten Tomatoes from 69 reviews.

Wayfair is cutting about 3% of its workforce, or roughly 500 jobs, a spokesperson said. The online furniture company has faced high costs to run its business.

Kraft Heinz disclosed impairment charges of $666 million, including writing down the value of its Maxwell House trademark by $213 million.

French media conglomerate Vivendi said on Thursday it planned to list its most-prized asset, Universal Music Group, by early 2023 at the latest.

The CDC said Thursday the first 195 American evacuees from Wuhan were released on Tuesday from March Air Reserve Base in Riverside, California, and that more than 600 people remain in quarantine.

World health officials are scrambling to determine just how widespread the new coronavirus is as Chinese authorities reported a surge in new cases overnight.

Earlier, Hubei province said it is starting to include "clinically diagnosed" cases in its figures and that 13,332 of the new cases fall under that classification.

News outlets and the public will be able to attend a hearing next week on the confidentiality of emails between Roman Catholic officials and the NFL's New Orleans Saints concerning clergy sex-abuse scandals.

Tesla will offer $2 billion of common stock, with CEO Elon Musk and board member Larry Ellison each buying shares.

Amazon Chief Executive Jeff Bezos has purchased a Beverly Hills mansion known as the Warner Estate from media mogul David Geffen for $165 million, a source familiar with the deal said on Wednesday.

E-cigarette maker Juul Labs bought online ads on teen-focused websites after it launched its product in 2015, according to a lawsuit filed by the Massachusetts attorney general's office.

Activist and former professional quarterback Colin Kaepernick inked a deal with Amazon's Audible for the exclusive release of the audiobook version of his upcoming memoir, which will detail his controversial NFL protest.

Elon Musk surprised the market a few weeks ago, saying Tesla would not raise capital. Instead, the company plans to raise $2 billion by selling new shares of stock. The deal makes sense as Tesla ramps EV and battery production.