Huawei Technologies Co Ltd’s third-quarter revenue jumped 27%, driven by a surge in shipments of smartphones launched before a trade blacklisting by the United States expected to hammer its business.
Uber Technologies Inc and Lyft Inc have declined to appear at a U.S. House of Representatives hearing on Wednesday on issues relating to the ride-hailing industry, the Washington Post reported, citing company and congressional sources.
Uber Technologies Inc and Lyft Inc have declined to appear at a U.S. House of Representatives hearing on Wednesday on issues relating to the ride-hailing industry, the Washington Post reported, citing company and congressional sources. The two ride-hailing companies had been asked to appear as part of a House Transportation and Infrastructure Committee inquiry on safety and labor practices as lawmakers seek to prepare legislation that will impact the industry. The head of the panel, U.S. Representative Peter DeFazio, urged the companies’ chief executives in a letter this week to participate in the inquiry even as Uber and …read more […]
* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh * Brexit negotiations resume in Brussels * Pound edges lower * European stocks dip * European third-quarter earnings seen falling 3.7% y-o-y * U.S. sanctions hit Turkish markets (Updates prices, adds Brexit developments) By Julien Ponthus LONDON, Oct 16 (Reuters) – Sterling came off five-month highs and stocks traded sideways on Wednesday as the European Union and Britain sought to avert a disorderly Brexit before an EU summit on Thursday. Global gross domestic product is now expected grow 3% in 2019, the IMF …read more […]
Uber Technologies Inc and Lyft Inc have declined to appear at a U.S. House of Representatives hearing on Wednesday on issues relating to the ride-hailing industry, the Washington Post reported, citing company and congressional sources. The two ride-hailing companies had been asked to appear as part of a House Transportation and Infrastructure Committee inquiry on safety and labor practices as lawmakers seek to prepare legislation that will impact the industry. The head of the panel, U.S. Representative Peter DeFazio, urged the companies’ chief executives in a letter this week to participate in the inquiry even as Uber and …read more […]
The lender’s shares were up 1.6% in premarket trading as consumer banking showed strength, helping it ride out uncertainties in global financial markets. “In a moderately growing economy, we focused on driving those things that are controllable,” Chief Executive Brian Moynihan said in a statement. Consumer banking revenue rose 3% to $9.7 billion, while its trading business delivered a solid quarter, driven mainly by a strong performance from equities trading, which rose 13% to $1.1 billion. …read more […]
U.S. chipmaker Broadcom said on Wednesday that an EU antitrust order to halt certain business deals with six TV and modem makers will not have a material impact on its business and it will challenge the EU move in court.
Britain’s competition regulator said on Wednesday it had launched a formal investigation into Amazon.com Inc’s investment in food delivery company Deliveroo, setting a December 11 deadline for a decision https://reut.rs/2ONs4b0 on the first phase of its probe.
Marks & Spencer said on Wednesday its chief financial officer, Humphrey Singer, whose departure was announced last month, will step down on Dec. 31.
Huawei Technologies Co Ltd, the Chinese technology giant blacklisted by the U.S. government, said revenue grew 24.4% in the first three quarters of 2019 to 610.8 billion yuan ($86 billion).
Turkey’s Halkbank said on Wednesday that U.S. charges against it are part of sanctions Washington slapped on Ankara over its military incursion in Syria and represent an “unprecedented legal overreach.”
(Bloomberg) — Bayer AG said it anticipates a “significant surge” in the number of plaintiffs suing the company over the weedkiller Roundup when it reports earnings later this month.An increase in advertising by U.S. attorneys seeking new clients since mediation talks began will likely add to the litigation, the German drugs and chemicals giant said in an emailed statement. There were 18,400 plaintiffs as of July, the last time Bayer provided an update.The Roundup crisis has cost Bayer more than $30 billion in market value as the company lost three U.S. trials over whether the popular herbicide causes cancer, suffered …read more […]
A second Woodford fund was suspended from trading on Wednesday after embattled investor Neil Woodford resigned as its manager.
U.S. chipmaker Broadcom has been ordered to halt exclusivity deals with TV and modem makers while EU antitrust enforcers investigate whether these agreements are aimed at thwarting rivals.
U.S. chipmaker Broadcom has been ordered to halt exclusivity deals with TV and modem makers while EU antitrust enforcers investigate whether these agreements are aimed at thwarting rivals. The European Commission had in June warned Broadcom of a possible interim measure. The company, whose chips power smartphones, computers and networking equipment, is a major supplier to Apple. …read more […]
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