Month: May 2019

Lyft is sued by investors over its initial public offering – court filing

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Lions Gates Entertainment offered to sell cable channel Starz to CBS Corp for $5.5 billion after rebuffing a lower offer, two sources familiar with the matter told Reuters.

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Wall Street ended lower on Friday as continuing trade tensions pulled industrial and tech shares down, and the Dow capped a fourth straight week of losses in its longest weekly losing streak in three years.

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A major global stocks index fell on Friday and the Chinese yuan weakened as financial markets were again jostled by uncertainty over global trade tensions.

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China’s Huawei Technologies Co Ltd is asking its top Asian chipmakers to maintain deliveries after Washington decided to curb the telecom giant’s access to American technology, the Nikkei reported https://asia.nikkei.com/Economy/Trade-war/Huawei-and-suppliers-dust-off-backup-plans-to-prepare-for-storm on Friday, citing sources familiar with the matter.

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Wall Street ended lower on Friday as continuing trade tensions pulled industrial and tech shares down, and the Dow capped a fourth straight week of losses in its longest weekly losing streak in three years.

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Wall Street shares extended losses in late trade on Friday after CNBC reported that the next round of U.S.-China negotiations was in flux, looking set to end a seesaw week the same way they started with selling on worries about the escalating trade war.

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Oil prices edged lower on Friday due to demand fears amid a standoff in Sino-U.S. trade talks, but both benchmarks ended the week higher on rising concerns over supply disruptions in Middle East shipments due to U.S.-Iran political tensions.

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China struck a more aggressive tone in its trade war with the United States on Friday, suggesting a resumption of talks between the world’s two largest economies would be meaningless unless Washington changed course.

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Companies operating in Alabama and Georgia, ranging from Toyota to Netflix, as well as an Alabama music festival faced boycott threats on Friday after the states passed near-total bans on abortion.

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Wall Street struggled for gains in an up-and-down session on Friday as mixed headlines on trade dampened positive consumer sentiment data, sending investors into the weekend with little enthusiasm.

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Overstock.com Inc Chief Executive Officer Patrick Byrne lashed out on Friday at investors who questioned his recent sale of shares, saying he had to supplement his $100,000 a year salary and vowing never to “give such an explanation again.”

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CBS Corp has expressed interest in acquiring cable channel Starz from Lions Gate Entertainment, the Information reported on Friday, citing four people familiar with the situation.

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Oil prices edged lower on Friday, but both benchmarks were on track for a weekly gain on rising concerns over potential further supply disruptions in Middle East shipments due to U.S.-Iran political tensions.

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