Business & Finance News
The S&P 500 and Nasdaq opened slightly higher on Friday helped by chipmakers’ shares after Nvidia issued an upbeat quarterly sales forecast, but concerns about the economic hit from the coronavirus outbreak kept gains in check.
Wall Street’s main indexes were headed for a muted open on Friday, as concerns over the economic fallout of the coronavirus outbreak overshadowed a handful of positive earnings reports.
Tesco , Britain’s biggest retailer, unlawfully stopped major supermarket rivals from opening shops near its stores, the country’s competition regulator said on Friday.
A consortium led by U.S. entertainment giant MGM Resorts International has been named as the lead bidder for an integrated casino complex in Osaka, the local government said on Friday.
Huawei’s cyber security chief said on Friday that he was not aware of any mobile operator ever having given the Chinese company access to the equipment used to intercept calls when required to do so by security services.
Stock markets across the world ticked higher on Friday, as investors bet that the damage to the global economy from China’s coronavirus outbreak would not be long-lasting.
France’s Total is considering stopping sales of fuel oil to power markets as the energy giant seeks to reduce its carbon footprint and grow its renewable power business, its chief executive told Reuters.
U.S. stock index futures rose on Friday, lifted by a handful of positive earnings reports, while investors kept a close watch on retail sales data and assessed the economic fallout of the coronavirus outbreak.
Tesco , Britain’s biggest retailer, unlawfully stopped major supermarket rivals from opening shops near its stores, the country’s competition regulator said on Friday.
Google on Friday called on Europe’s second-top court to throw out what it called an eye-catching 2.4 billion euros ($2.6 billion) EU antitrust fine, saying there was no factual or legal basis to the inflated amount.
Delta Air Lines Inc said on Friday it will invest $1 billion over the next decade in initiatives that would limit the impact of global air travel on the environment, the first airline to make a commitment of that scale.
The United States is looking to develop a partnership with the telecoms industry to provide alternatives to China’s Huawei Technologies, a senior White House official said on Friday.
Renault’s first loss in a decade triggered a no-taboos commitment to cut costs by 2 billion euros ($2.2 billion) over the next three years from the carmaker on Friday, as it tries to put the Carlos Ghosn affair behind it.
Volkswagen said talks with consumer groups who were seeking compensation over excessive pollution, caused by VW’s diesel cars, had failed.
Asset management firm T. Rowe Price Group Inc has called its investment in WeWork a “debacle” that caused the firm “outsized headaches and disappointments” and left it holding shares worth just a fraction of their original value.
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