Month: July 2018

U.S. stocks fell on Thursday after a slew of weak quarterly reports dampened hopes of a robust earnings season, with a strengthening dollar and trade tensions also weighing on.

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Problems with products made by China’s Huawei Technologies have exposed new security risks in Britain’s telecommunications network, a UK government report said on Thursday.

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The U.S. dollar hit a year high on Thursday against a basket of major currencies, but copper prices tumbled and major world stock markets pulled back amid concerns over China’s economy and continued global trade tensions.

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Wells Fargo & Co is in the process of refunding millions of dollars to customers for adding services to their accounts without their full understanding, the Wall Street Journal reported on Thursday, citing sources.

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Senior British security officials say they can give only limited assurances that Chinese firm Huawei’s UK operations pose no threat to national security, downgrading their previous position, two people with knowledge of the matter told Reuters.

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Comcast Corp dropped its $66 billion bid for Twenty-First Century Fox Inc’s entertainment assets on Thursday but said it would still try to buy European broadcaster Sky Plc to increase its international footprint.

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Domino’s Pizza Inc missed analysts’ estimates for international same-store sales growth on Thursday, prompting concerns of slowing growth at the business and pushing shares down 3 percent in morning trading.

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Boeing claimed victory on Thursday after outselling rival Airbus at this week’s Farnborough Airshow, where the world’s largest planemakers repeated last year’s comparable tally of around 900 firm and draft orders with the help of leasing industry demand.

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Executives from top aerospace and aviation companies called on Thursday for stepped-up efforts to attract more women, saying this could help solve looming shortages of pilots, mechanics and top managers in the traditionally male-dominated sector.

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U.S. chipmaker Qualcomm on Thursday expressed disappointment with EU antitrust regulators’ decision to continue an investigation in a case where it has been accused of charging below cost prices to stymy British phone software maker Icera.

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U.S. stock indexes were trading lower on Thursday, as a batch of weak quarterly reports dampened a robust earnings season and trade tensions rose on news the European Union may retaliate if United States slaps tariffs on EU cars.

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Blackstone Group LP on Thursday reported a 10 percent drop in quarterly distributable earnings, which it uses to pay dividends, as assets sales slowed even as many of its funds appreciated much more than the stock market.

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