China’s biggest telecommunications equipment maker will square off in court against the No. 1 U.S. wireless carrier over whether Verizon Communications Inc should pay Huawei Technologies Co Ltd for patent infringement.
Yum Brands Inc shares fell 4.7% after it reported quarterly same-store sales and profit that missed analyst expectations on Thursday, as stiff competition took a bite out of sales at its Pizza Hut chain in the United States.
New York Stock Exchange owner Intercontinental Exchange Inc (ICE) would “love” to speak with eBay Inc about a potential deal if its management is interested, the company’s chief executive said on Thursday following the release of ICE’s financial results.
Europe’s future must be based on fair competition rules, EU antitrust regulators said on Monday, after Germany and France reiterated calls for a speedy overhaul of the bloc’s rules to help EU companies better compete with U.S. and Chinese rivals.
Financial markets appear to be recovering from the damage done in late January by the coronavirus outbreak in China.
Twitter Inc pulled in $1 billion in quarterly revenue for the first time on Thursday, beating expectations as efforts to make its platform more user-friendly brought in more people, and sending its shares up 14% in early trading.
The S&P 500 and Dow Jones Industrials indexes eased from their record highs on Thursday, as investors took a breather after a stellar run this week on waning worries about the economic damage from the coronavirus epidemic.
U.S. Federal Aviation Administrator Steve Dickson said on Thursday international air safety regulators were likely to agree on the design fixes needed to return the Boeing 737 MAX aircraft to service. “On the design approval, from everything that I have seen I think we’ll have very solid alignment,” he told an airline industry event in London. The 737 MAX was grounded in March 2019 after two fatal crashes that killed 346 people. …read more […]
U.S. Federal Aviation Administrator Steve Dickson said on Thursday international air safety regulators were likely to agree on the design fixes needed to return the Boeing 737 MAX aircraft to service.
Norwegian Air’s turnaround gathered pace last month as the budget carrier removed unprofitable routes from its network and boosted the income from remaining flights, sending its shares up almost 6% in early trade.
Goldman Sachs plans to expand its retail brand Marcus in Britain this year with more than 65 new staff, a mobile app and more savings products, as part of the group’s global shift towards consumer banking.
Two out of three benchmark US stock indexes ended last week in the red as concerns over the coronavirus spread continued to cast a shadow over the investor sentiment. Even the solid results posted by some major players, such as Apple and Tesla, did not manage to maintain a sustainable growth in stocks. The spread […] …read more […]
(Bloomberg) — A cryptic tweet by Federal Communications Commissioner Brendan Carr is adding mystery to the Intelsat SA drama as FCC Chairman Ajit Pai is expected to unveil the agency’s plans for C-band airwaves on Thursday.Some investors speculated what Carr meant when he said “a lot can change in 24 hours.” When reached by email, Carr told Bloomberg it “was just a waffle tweet” and had “no more meaning.”Pai is set to announce plans for an auction of C-band spectrum and a key issue is how much to pay satellite providers including Intelsat and SES SA. New Street Research said …read more […]
With so many headwinds facing Nio Inc. (NIO), it’s surprising that shares have managed to stay afloat.Its number of cars sold, while improving significantly in the last reporting period, are still behind expectations at this point of its growth cycle.Reports have also recently stated NIO had secured significant financing to give it breathing room. Not only were the reports wrong, but the amount of financing, if secured, was far below the $1 billion originally stated.Add in concerns over coronavirus, and it remains difficult to see why the company continues to find support for its share price.In this article, we’ll look …read more […]
(Bloomberg) — World Wrestling Entertainment Corp. posted fourth-quarter results and a sales forecast that missed Wall Street projections, and management warned that initiatives to drive growth and monetization of its content are “subject to considerable uncertainty.” The stock plunged 18% in early trading.The company, which pre-announced 2019 earnings at the low end of estimates, recently ousted two of its top executives in a shake-up. Long-time board member Frank Riddick was named interim chief financial officer in January, reporting to WWE Chairman and Chief Executive Officer Vince McMahon.See more details here.Key InsightsRevenue in 2019 was hurt by lower live event ticket …read more […]
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