Month: March 2019

U.S. stocks opened flat on Wednesday in the absence of fresh developments on trade, with investors taking a step back after a strong run in equities since the start of the year.

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The U.S. trade deficit surged to a 10-year high in 2018, with the politically sensitive shortfall with China hitting a record peak, despite the Trump administration slapping tariffs on a range of imported goods in an effort to shrink the gap.

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Abercrombie & Fitch predicted annual sales above Wall Street forecasts on Wednesday, as new store designs and a broader selection of apparel resonate better with shoppers.

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U.S. House lawmakers plan to hold a March 12 hearing to review a proposed $26 billion merger of T-Mobile US Inc and Sprint Corp with the telecommunications companies’ chief executives, according to a congressional statement on Wednesday.

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Daimler and BMW are teaming up to develop autonomous driving technology to cut costs and set an industry standard that can help to shape future regulation for self-driving cars, senior executives said on Wednesday.

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Exxon Mobil Corp said on Wednesday it plans to open its wallet and increase capital spending by 10 percent to 16 percent next year, as the U.S. oil major looks to restore flagging oil and gas production despite investor pressures to boost returns.

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WASHINGTON, March 6 – The U.S. trade deficit surged to a 10-year high in 2018, with the politically sensitive shortfall with China hitting a record peak, despite the Trump administration slapping tariffs on a range of imported goods in an effort to shrink the gap.

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Bristol-Myers Squibb urged shareholders on Wednesday to support its planned $74 billion takeover of Celgene Corp, as it faces opposition from two large investors to what could be the largest pharmaceutical deal ever.

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Volvo Cars, owned by China’s Zhejiang Geely Holding Group Co, will not sell its all-electric Polestar models in the United States if the company faces tariffs on exports from China, the Financial Times reported on Wednesday.

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Dollar Tree Inc reported better-than-expected quarterly same-store sales on Wednesday, as the discount store operator drew more customers to its namesake stores during the holiday season, sending its shares up about 4 percent.

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Dialog Semiconductor is targeting growth opportunities ranging from home health to gaming consoles following a $600 million deal to reduce its exposure to Apple, CEO Jalal Bagherli told Reuters in an interview.

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U.S. drugmaker Bristol-Myers Squibb urged shareholders on Wednesday to support its planned takeover of Celgene Corp, as it faces opposition to the $74 billion deal from at least two prominent investors.

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U.S. stock futures were subdued on Wednesday in the absence of fresh developments on trade, with investors taking a step back after a strong run in equities since the start of the year.

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Exxon Mobil Corp expects its earnings to grow by more than $4 billion between 2019 and 2020, the U.S. oil major said in a presentation https://exxonmobil.co/2EQeWMK on Wednesday.

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Hyundai Motor Co is considering plans to suspend production at its oldest plant in China, the South Korean carmaker said on Wednesday, as it reels from tumbling sales and massive overcapacity in its biggest market.

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