(Reuters) – Oilfield services firm ProPetro Holding Corp (PUMP.N) on Wednesday said a board investigation had uncovered material weaknesses in its financial controls and an undisclosed related-party transaction with its former chief accountant. FILE PHOTO: Dale Redman, CEO of ProPetro, speaks with workers on a yard where he stores and manages equipment…
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Reuters poll: Trade truce unlikely in 2020 but U.S. recession fears recede – economists
BENGALURU (Reuters) – The U.S.-China trade war is unlikely to see a permanent truce over the coming year, and while concerns have eased over a U.S. recession, an economic rebound is also not expected any time soon, according to a Reuters poll of economists. FILE PHOTO: People shop at Macy’s Department store…
WeWork losses widen to $1.25 billion amid record office space expansion
NEW YORK (Reuters) – The We Company, owner of WeWork, said on Wednesday net losses in the third quarter more than doubled to $1.25 billion as the money-losing shared-office operator added a record number of desks to its global network but was unable to control rising costs. FILE PHOTO: A WeWork logo…
Cisco forecast disappoints as global worries weigh on client spending
(Reuters) – Cisco Systems Inc (CSCO.O) on Wednesday forecast second-quarter revenue and profit below expectations as increasing global economic uncertainties kept clients away from spending more on its routers and switches. FILE PHOTO: A man passes under a Cisco logo at the Mobile World Congress in Barcelona, Spain February 25, 2019. REUTERS/Sergio…
Key antitrust lawmaker frustrated with Google’s Fitbit deal
WASHINGTON (Reuters) – Lawmakers pressed top U.S. antitrust enforcers on their probes of tech giants Alphabet’s Google (GOOGL.O), Facebook (FB.O), Amazon (AMZN.O) and Apple (AAPL.O) on Wednesday, with the chair of a House subcommittee expressing frustration over the companies’ continued acquisitions. FILE PHOTO: Fitbit Blaze watch is seen in front of a…
Brexit drove Tesla to pick Berlin over Britain for new factory – report
LONDON (Reuters) – Britain missed its chance to host the first European factory of U.S. electric vehicle pioneer Tesla (TSLA.O) because of Brexit, Chief Executive Elon Musk said in remarks reported on Wednesday. FILE PHOTO – The company logo is pictured on a Tesla Model X electric car in Berlin, Germany, November…
SoftBank’s Z Holdings confirms merger talks with Line
TOKYO (Reuters) – The Softbank-owned operator of search engine Yahoo Japan is in talks to merge with messaging app firm Line, a union that would create a group extending from retail to mobile payments in one of the biggest Japanese tech deals of the year. FILE PHOTO: The logo of Line Corp…
Takeaway CEO says does not want to overpay in $5.5 billion Just Eat bid
BARCELONA/AMSTERDAM (Reuters) – The chief executive of food ordering company Takeaway.com (TKWY.AS) on Wednesday said he did not want to overpay as his company pursues an agreed merger with Britain’s Just Eat (JE.L), despite a higher unsolicited offer from rival Prosus (PRX.AS). FILE PHOTO: Signage for Just Eat on the window of…
Trump threat of more China tariffs could hit consumer goods before Christmas
WASHINGTON (Reuters) – U.S. President Donald Trump’s threat to jack up U.S. tariffs on Chinese goods if the world’s two largest economies fail to reach a trade deal could raise the price of cellphones, laptops, and toys less than two weeks before Christmas. FILE PHOTO: People watch the Christmas tree lighting at…
Uber launches new safety features in UK as it fights for new license
FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay LONDON (Reuters) – Uber launched a set of new safety features in Britain on Thursday as it battles to retain its taxi operating license in the face of concerns about passenger safety. The measures…
U.S. Struggles to Keep Allies in Fight Against ISIS in Syria
WASHINGTON — As Trump administration officials try to convince allies that the United States remains committed to the fight against the Islamic State in Syria they are facing a significant roadblock: President Trump’s own policy reversals. At a high-level State Department meeting scheduled for Thursday, diplomats from 35 nations and international organizations…
Climate Change Poses Threats to Children’s Health Worldwide
The health effects of climate change will be unevenly distributed and children will be among those especially harmed, according to a new report from the medical journal The Lancet. The report compared human health consequences under two scenarios: one in which the world meets the commitments laid out in the Paris Agreement…
Which Mammals on Land Migrate the Farthest?
Whales, eels, birds, and even ladybugs are known for epic migrations that take them hundreds or even thousands of miles through the air and across the sea. But the land has its fair share of long-distance travelers, too. Recently, an international team of researchers set out to determine which terrestrial mammals migrate…
Airbus says could stretch A220 airliner, but has no current plan to do so
OTTAWA (Reuters) – Airbus SE’s (AIR.PA) Canadian-designed A220 narrowbody jet has the potential to be stretched to carry more passengers but the company has no current plans to do so, a top executive said on Tuesday. FILE PHOTO: A model of the Airbus A220-300 aircraft is seen at a media event at…
Trump says China trade deal ‘close’ but dashes hopes for signing details
NEW YORK (Reuters) – President Donald Trump on Tuesday dangled the prospect of completing an initial trade deal with China “soon,” but offered no new details on negotiations in a campaign-style speech touting his administration’s economic record. Markets had been on edge about Trump’s highly anticipated remarks to The Economic Club of…
S&P 500 ekes out gain after Trump trade remarks
(Reuters) – The benchmark S&P 500 stock index eked out a slim gain on Tuesday as President Donald Trump said the United States is close to signing an initial trade deal with China but offered no new details about negotiations. The S&P 500 and Nasdaq hit all-time highs during trading but stocks…
Nissan shares skid after profit plunge, outlook cut
FILE PHOTO: A Nissan logo is pictured at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019. REUTERS/Edgar Su/File Photo TOKYO (Reuters) – Shares of Nissan Motor (7201.T) slid more than 4% in early trade on Wednesday, a day after the Japanese automaker reported a 70% plunge in quarterly profit and…