Huawei accuses U.S. of bullying, says working with Google to counter ban
Chinese telecoms equipment maker Huawei called itself the victim of U.S. “bullying” on Tuesday and said it was working with Google to counter trade restrictions imposed by Washington last week, a senior Huawei executive said.
Merck to buy cancer drug developer Peloton for $1.05 billion in cash
Merck & Co Inc said on Tuesday it would buy Peloton Therapeutics Inc for $1.05 billion in cash to gain access to the privately held company’s renal cancer drug candidate.
Kohl’s misses same-store sales estimates, shares fall 10%
Kohl’s Corp missed Wall Street estimates for quarterly same-store sales on Tuesday for the first time in two years, sending shares of the department store operator down over 10%.
France to push ahead with 5G launch in 2020 despite Huawei woes
France will launch the deployment of its 5G network as planned in 2020 despite current difficulties faced by China’s Huawei which could push some telecoms operators to modify their source of supply, the telecoms regulator said Tuesday.
J.C. Penney posts steeper-than-expected drop in same-store sales
J.C. Penney Co Inc reported a steeper-than-expected drop in quarterly comparable-store sales on Tuesday, hit by the exit from selling major appliances and in-store furniture categories, sending its shares down 10% in early trading.
China rare earth firms’ stocks soar on trade war speculation
Shares in rare earth-related companies in China soared on Tuesday, a day after Chinese President Xi Jinping visited a rare earth firm in southern China, sparking speculation the sector could be the next front in the Sino-U.S. trade war.
Fingerprints and finances: next Wells Fargo CEO will be under regulatory microscope
From submitting their fingerprints to giving up their tax records, Wells Fargo & Co’s next chief executive will go through a vetting process that could rival that of top U.S. government officials.
Huawei says it is a victim of U.S. bullying
Chinese telecoms equipment maker Huawei on Tuesday said it was a victim of bullying by the U.S. administration.
Italy’s Prada to ditch some wholesalers to support full-price sales
Italian luxury goods group Prada said it would shrink its wholesale network in Italy and Europe in a push to have uniform prices for its products across different outlets and reduce markdowns.
Oil edges up on escalating U.S.-Iran tensions, supply outages
Oil prices rose on Tuesday on escalating U.S.-Iran tensions and amid expectations that OPEC producers will continue to curb supply this year.
