Qorvo stops chip shipments to Huawei
Radio frequency chipmaker Qorvo on Tuesday joined mobile parts maker Lumentum Holdings Inc in halting shipments to Huawei Technologies, following export restrictions by the United States government.
U.S. eases curbs on Huawei; founder says clampdown underestimates Chinese firm
The United States has temporarily eased trade restrictions on China’s Huawei to minimize disruption for its customers, a move the founder of the world’s largest telecoms equipment maker said meant little because it was already prepared for U.S. action….
J.C. Penney sales fall short, net loss doubles; shares sink 10%
Same-store sales fell more than expected at J.C. Penney Co Inc in the first quarter and its net loss nearly doubled, after the retailer exited its appliance and in-store furniture businesses, sending shares down 8% in premarket trading on Tuesday.
Wall Street set to open higher on Huawei reprieve
U.S. stock indexes were set to rise at the open on Tuesday, as concerns over a further escalation in the U.S.-China trade war eased after the United States temporarily relaxed curbs on China’s Huawei Technologies.
Kohl’s cuts profit forecast after weak first quarter, shares slump
Kohl’s Corp cut its full-year profit forecast after the department store operator missed Wall Street estimates for quarterly same-store sales and profit, sending its shares down over 10% Tuesday morning.
J.C.Penney says more tariffs on China imports would hurt business
J.C.Penney Inc on Tuesday warned of a “meaningful impact” on its private and national brands from U.S. President Donald Trump’s potential fourth round of tariffs on Chinese imports.
Airbus sticks to delivery goals as industrial problems ease
Airbus is sticking to its 2019 delivery goals as it makes progress in resolving industrial problems at its Hamburg single-aisle jet plant, the planemaker’s recently appointed operations chief said on Tuesday.
Bayer hires law firm to probe Monsanto data collection
Bayer on Tuesday hired law firm Sidley Austin to investigate a Europe-wide data collection scheme run by its Monsanto unit, which targeted journalists, politicians and other stakeholders to influence the debate on pesticides.
Home Depot same-store sales misses on wet weather, lumber prices
Home Depot Inc reported its slowest growth in quarterly same-store sales in at least three years on Tuesday, missing Wall Street estimates, as the home improvement chain was hurt by wet weather in February and a steep fall in lumber prices.
Trump’s Huawei ban raises hopes for Chinese chip suppliers
Washington’s blacklisting of technology giant Huawei has taken a toll on U.S. semiconductor shares, but China-listed firms have rallied as investors bet they can gain from Beijing’s stepped-up efforts to build a homegrown supply chain.
