Business & Finance News
Even before the arrest of its CFO last week, pressure from the United States had forced China’s Huawei [HWT.UL] onto the back foot in markets from London to Tokyo.
Google Chief Executive Sundar Pichai told a U.S. House panel Tuesday that the Alphabet Inc unit currently has “no plans” to launch a search engine in China but did not rule out a future offering.
Defunct startup Sidecar Technologies Inc, which pioneered on-demand ride-hailing, is suing Uber Technologies Inc, alleging it engaged in predatory pricing and anticompetitive practices that ultimately put Sidecar out of business.
Boeing Co delivered 61 of its best-selling 737 single-aisle aircraft in November, up from 50 a year earlier, suggesting that the planemaker may be finally moving past supplier problems that have dented production.
U.S. stocks jumped on Tuesday, rising for the second day in a row, led by technology companies on signs of progress between China and the United States to resolve their trade dispute, which has roiled the markets for months.
Verizon Communications Inc said Tuesday it will take a $4.6 billion charge related to its Oath media assets – Yahoo and AOL – and a severance charge of up to $2.1 billion for voluntary buyouts, in the fourth quarter.
Dell Technologies Inc said on Tuesday it has received shareholder approval for its earlier announced deal to buy back shares tied to its interest in software maker VMware , paving the way for it to return to the market.
A former Canadian diplomat has been detained in China, two sources said on Tuesday, just hours before a top executive at Chinese telecoms giant Huawei Technologies [HWT.UL] is set to return to a Vancouver courtroom for a bail hearing that has angered Beijing.
U.S. stocks jumped at the open on Tuesday in broad-based gains led by industrial and technology stocks amid signs of progress in trade talks between the United States and China.
Verizon Communications Inc expects to take charges of $1.8 billion to $2.1 billion in the current quarter for job cuts announced on Monday, the U.S. wireless carrier said.
Stocks jumped on Tuesday as investors clung to hopes of a detente in the China-U.S. trade war and picked through the rubble of conflagrations in other top economies, with heightened uncertainty over Brexit and French protests.
Automakers’ shares rose on Tuesday following a report that China could move to cut tariffs on American-made cars, a step which was forecast by U.S. President Donald Trump after a meeting with China’s president in Argentina.
U.S. stock futures rose about 1 percent on Tuesday, as signs of progress in trade talks between the United States and China eased jitters over the fragile relations between the two economic giants that have roiled the markets for months.
(Corrects December 10th story to show no formal decision has been made about discontinuing production of the Ford C-Max in paragraphs 1 and 3)
WM Morrisons shares jumped on Tuesday as traders cited market rumors that the UK supermarket chain could be subject to a takeover approach by U.S. online retail giant Amazon.com Inc .
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