Best Buy sees solid second quarter as tech services boost profit margin
Best Buy Co Inc forecast second-quarter sales and profit above estimates on Thursday, as more people signed up for the consumer electronics retailer’s subscription-based tech support services and shopped on its website and app.
U.S. aid program to use $16 billion to boost farmers, expand markets: USDA’s Perdue
U.S. President Donald Trump’s $16 billion aid program will help boost American farmers hit by the ongoing U.S.-China trade war, including market access programs, the U.S. agriculture secretary said in a television interview on Thursday.
Pompeo says he believes more U.S. companies will cut ties with Huawei: CNBC
U.S. Secretary of State Mike Pompeo said on Thursday that China presents a real risk to U.S. national security and he believes more American companies will cut ties with Huawei Technologies
Russia’s MTS weighs possible impact from U.S. move against Huawei
Russia’s biggest mobile phone operator MTS is evaluating the possible impact of U.S. sanctions against China’s Huawei Technologies Co Ltd, Chief Executive Officer Alexei Kornya said on Thursday.
DOJ’s Delrahim still open to Sprint-T-Mobile deal: CNBC
The U.S. Department of Justice’s antitrust chief, Makan Delrahim, is still open to T-Mobile US Inc’s $26 billion acquisition of smaller rival Sprint Corp, CNBC reported on Thursday.
Futures tumble on fears of possible U.S.-China tech cold war
U.S. stock index futures slid on Thursday, as investors worried that the U.S.-China trade war could spiral into a technology cold war between the two countries, with no signs of resolution in sight.
Tyson Foods says not formalized plans for Kazakh beef processing plant
Tyson Foods Inc said on Thursday it has not formalized plans for a beef processing plant in Kazakhstan, responding to a media report that the largest U.S. meat processor was in talks over a multibillion-dollar investment in the country.
Best Buy beats quarterly same-store sales estimates
Best Buy Co Inc beat Wall Street estimates for quarterly same-store sales on Thursday, as the consumer electronics retailer sold more wearables and tablets and signed up more people to its subscription-based tech support services.
Nokian Tyres seeks to gain traction in North America with new factory
Finnish tire maker Nokian Tyres expects its new U.S. factory in Tennessee to help it double its sales in North America, especially by expanding its all-season tire sales in the region, the company said on Thursday.
Prosecutors fine Bosch 90 million euros for emissions cheating role
Automotive supplier Bosch has agreed to pay a 90 million euros ($100.21 million) fine for lapses in supervisory duties which enabled carmakers to engage in emissions cheating, German prosecutors in the city of Stuttgart said on Friday.
