Articles by admin

Nokia Chief Executive Rajeev Suri said on Tuesday the company could benefit from a U.S. clampdown on Chinese rival Huawei as the race to roll out 5G services heats up.

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Three Democratic U.S. senators on Tuesday questioned the decision by Volkswagen AG’s U.S. unit to delay a union election for workers at its Tennessee assembly plant.

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Turkish Airlines expects compensation from Boeing Co for losses over the grounding of 12 737 Max aircraft, the chairman of Turkey’s flagship carrier was quoted as saying, adding that he would meet Boeing’s chief executive on Friday.

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U.S. drugmaker Merck & Co Inc on Tuesday agreed to buy Peloton Therapeutics Inc for $1.05 billion in cash, gaining access to the privately held company’s lead kidney cancer drug candidate.

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EU antitrust regulators will decide by June 27 whether to clear U.S. tech giant International Business Machines Corp’s $34 billion bid for software company Red Hat.

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U.S. stock indexes rose in a broad-based rally on Tuesday, as Washington’s decision to temporarily ease curbs on China’s Huawei Technologies allayed concerns over a further escalation in trade war between the two countries.

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Shares of Tesla Inc were on track for a fifth straight session of losses on Tuesday, as Morgan Stanley analysts outlined a worst case scenario that could see the electric carmaker’s stock price fall as low as $10.

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Nokia Chief Executive Rajeev Suri said on Tuesday that the company had been a little slow in getting 5G technology up and running, citing merging its own technology plans with those of acquired Alcatel-Lucent as a reason.

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Airbus hinted on Tuesday at a price battle to counter a possible new Boeing aircraft in the middle of the jet market, promising a “left hook, right hook” salvo from two of its well-established models.

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Same-store sales fell more than expected at J.C. Penney Co Inc in the first quarter and its net loss nearly doubled, after the retailer exited its appliance and in-store furniture businesses, sending shares down 8% in premarket trading on Tuesday.

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Oil prices rose on Tuesday on escalating U.S.-Iran tensions and amid expectations that OPEC producers will continue to curb supply this year.

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U.S. stock indexes were set to rise at the open on Tuesday, as concerns over a further escalation in the U.S.-China trade war eased after the United States temporarily relaxed curbs on China’s Huawei Technologies.

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Kohl’s Corp cut its full-year profit forecast after the department store operator missed Wall Street estimates for quarterly same-store sales and profit, sending its shares down over 10% Tuesday morning.

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The United States has temporarily eased trade restrictions on China’s Huawei to minimize disruption for its customers, a move the founder of the world’s largest telecoms equipment maker said meant little because it was already prepared for U.S. action.

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Airbus is sticking to its 2019 delivery goals as it makes progress in resolving industrial problems at its Hamburg single-aisle jet plant, the planemaker’s recently appointed operations chief said on Tuesday.

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