Apple pushes back against EU common charger, warns of innovation risks
iPhone maker Apple on Thursday pushed back against EU lawmakers’ call for a common charger, warning the move could hamper innovation, create a mountain of electronic waste and irk consumers.
U.S. weekly jobless claims rise modestly; labor market tight
The number of Americans filing for unemployment benefits increased less than expected last week, suggesting the labor market continues to tighten even as job growth is slowing.
Oil falls 2% as specter of China virus threatens fuel demand
Oil prices fell 2% on Thursday on concern that the spread of a virus from China could lower fuel demand if it stunts economic growth, but losses were limited by a drawdown in U.S. crude inventories.
Comcast results beat forecasts on broadband growth; ‘Cats’ hits NBC Universal unit
Comcast Corp on Thursday beat Wall Street’s revenue and profit estimates due to growth in broadband customers, but the company lost more cable TV subscribers than Wall Street expected and its NBC Universal unit revenues were hurt as the film “Cats” bo…
Xerox nominates new HP board after buyout rebuffs
Xerox Holdings Corp said on Thursday it plans to nominate 11 independent candidates to HP Inc’s board, seeking to take control of the personal computer maker after several rejections of its $33.5 billion buyout offer.
Tesla’s German factory gets off to an explosive start
Seven U.S. bombs from World War Two have been found in the plot of land outside Berlin where electric car pioneer Tesla wants to build its first European factory, local authorities said on Thursday.
ECB’s Lagarde launches policy overhaul that will leave no stone unturned
The European Central Bank launched a broad review of its policy on Thursday that is likely to see new President Christine Lagarde redefine the ECB’s main goal and how to achieve it.
Coronavirus fears weigh on global equity markets
The biggest tumble in Chinese stocks in more than eight months led global equity markets lower on Thursday as concern mounted about the coronavirus outbreak in China.
M&A strong though Chinese buyers lacking: Citigroup’s Kalvaria
Geopolitical uncertainties are not deterring Citigroup Inc clients from strategic deals and some unicorns’ offer “great potential”, but outbound Chinese buyers are lacking, Leon Kalvaria, chairman of the lender’s institutional clients group said.
China virus scare, disappointing earnings drive Wall St. lower
U.S. stock indexes fell on Thursday, as mounting worries over a coronavirus outbreak in China, disappointing corporate earnings and weakness in financial stocks prompted investors to hit the brakes after a strong start to the year.
