FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 10, 2018. REUTERS/Brendan McDermid/File Photo (Reuters) – 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…
Category: News
All kinds of news.
Dell gets shareholder approval for VMware deal
A logo of Dell Technologies is seen at the Mobile World Congress in Barcelona, Spain February 28, 2018. REUTERS/Yves Herman (Reuters) – 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 (DVMT.N), paving…
Verizon to take about $2 billion in charges for planned layoffs
The Verizon logo is seen on the side of a truck in New York City, U.S., October 13, 2016. REUTERS/Brendan McDermid (Reuters) – Verizon Communications Inc (VZ.N) will take a charge of $1.8 billion to $2.1 billion in the current quarter, with nearly half of the layoffs announced on Monday set to…
Exclusive: Hyundai Motor’s two R&D vice chairmen offer to resign – sources
SEOUL (Reuters) – Hyundai Motor Group’s two vice chairmen in charge of research and development (R&D) have offered to resign, three people familiar with the matter told Reuters on Tuesday. FILE PHOTO: Yang Woong-chul, president of Hyundai Motor Group’s auto research & development division, speaks during an interview with Reuters at the…
Morrisons shares rise on takeover chatter
Shopping trolleys are seen at a Morrisons supermarket in London January 9, 2014. REUTERS/Stefan Wermuth LONDON (Reuters) – WM Morrisons (MRW.L) 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 (AMZN.O). They rose…
Court rejects Nissan ex-chairman Ghosn’s appeal to end detention
TOKYO (Reuters) – A Tokyo court on Tuesday rejected ousted Nissan Motor chairman Carlos Ghosn’s appeal to end his detention following his arrest last month on allegations of financial misconduct. Ghosn has been held in a Tokyo jail since he was arrested on Nov. 19 on suspicion of conspiring to understate his…
Canadian said to be detained in China, Huawei CFO due back in court
VANCOUVER (Reuters) – 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. It was not immediately clear if…
Automakers rise on report of China moving to cut U.S. car tariffs
(Reuters) – 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. A worker inspects imported cars at a port in Qingdao, Shandong province, China May…
Ford in talks with German workers about potential Saarlouis job cuts
FILE PHOTO: The Ford logo at the New York Auto Show in the Manhattan borough of New York City, New York, U.S., March 29, 2018. REUTERS/Shannon Stapleton/File Photo (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)…
Trade détente bounce masks unease over Brexit and growth
LONDON (Reuters) – 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. FILE PHOTO: Pound Sterling notes and change are seen inside a cash register…
Nutella maker Ferrero in race to buy Campbell’s international business: sources
Tins of Campbell’s Tomato Soup are seen on a supermarket shelf in Seattle, Washington, U.S. February 10, 2017. REUTERS/Chris Helgren MILAN (Reuters) – Ferrero SpA is interested in buying Campbell Soup Co’s (CPB.N) international business, which includes biscuit brand Arnott’s, two sources close to the matter said on Monday. The Italian group…
GoPro to move U.S.-bound camera production out of China
FILE PHOTO: A GoPro camera is seen on a skier’s helmet as he rides down the slopes in the ski resort of Meribel, French Alps, January 7, 2014. REUTERS/Emmanuel Foudrot/File Photo (Reuters) – GoPro Inc (GPRO.O) on Monday took the first steps to move most of its U.S.-bound camera production out of…
Huawei CFO bail hearing to resume in Canada as Beijing steps up pressure
TORONTO/BEIJING (Reuters) – A top executive of Chinese tech giant Huawei Technologies is due back in a Canadian court on Monday where she’ll fight for her freedom with the help of pressure from Beijing against prosecutors’ claims she cannot be trusted. Huawei [HWT.UL] Chief Financial Officer Meng Wanzhou, 46, was arrested by…
Exclusive: Ghosn wanted to retrieve cash, artwork from Rio apt: court filing
FILE PHOTO – Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, attends a news conference to unveil Renault’s next mid-term strategic plan in Paris, France, October 6, 2017. REUTERS/Charles Platiau/File Photo SAO PAULO/TOKYO (Reuters) – Ousted Nissan (7201.T) Chairman Carlos Ghosn sought to retrieve “personal belongings, documents, cash, objects and art…
Qualcomm wins preliminary China import ruling against some iPhone models
(Reuters) – Chip supplier Qualcomm Inc on Monday said it had won a preliminary order from a Chinese court banning the importation and sale of several Apple Inc iPhone models in china due to patent violations. FILE PHOTO: The logo of Qualcomm is seen during the Mobile World Congress in Barcelona, Spain…
Japan’s top three telcos to exclude Huawei, ZTE network equipment: Kyodo
TOKYO (Reuters) – Japan’s big three telecom operators plan not to use current equipment and upcoming fifth-generation (5G) gear from China’s Huawei Technologies Co Ltd [HWT.UL] and ZTE Corp (0763.HK) (000063.SZ), Kyodo News reported on Monday. FILE PHOTO – The logo of China’s ZTE Corp is seen on the building of ZTE…
SoftBank’s record IPO reaches $23.5 billion after extra share sale
TOKYO (Reuters) – SoftBank Group Corp (9984.T) is set to raise 2.65 trillion yen ($23.5 billion) in Japan’s biggest-ever IPO – a share sale widely regarded as finalizing the group’s transition from domestic telco to a monolithic global tech investor. Telco unit SoftBank Corp (9434.T) on Monday priced its stock at 1,500…
Stock selloff snowballs as investors price in slowing world economy
LONDON (Reuters) – Losses on global stocks snowballed on Monday, with Wall Street set to follow Europe and Asia lower as fresh signs emerged that the U.S.-China trade spat was taking a deeper toll on world economic growth. Data from the world’s biggest economies — the United States, China, Japan and Germany…