Wall St. slides as Huawei fallout hits tech shares
U.S. stocks slid on Monday as the White House’s restrictions on Chinese telecoms equipment maker Huawei Technologies Co Ltd weighed on the technology sector and raised concerns that the move would further inflame trade tensions between the United State…
Wall St. slides as Huawei fallout slams tech stocks
U.S. stocks slid on Monday as the White House’s restrictions on Chinese telecom equipment company Huawei Technologies Co Ltd weighed on the technology sector and raised concerns that the move would further inflame trade tensions between the United Stat…
DOJ leans against approving T-Mobile’s takeover of Sprint: Bloomberg
The U.S. Department of Justice is leaning against approving T-Mobile US Inc’s proposed takeover of Sprint Corp as the remedies proposed by the companies do not resolve antitrust concerns, Bloomberg reported on Monday, citing a person familiar with the …
Nike, Under Armour, among others, urge Trump to remove footwear from tariff list
U.S. footwear companies, including Nike Inc and Under Armour, on Monday urged U.S. President Donald Trump to remove footwear from the proposed tariffs list on goods imported from China.
Daimler plans to cut administration costs by 20%: Handelsblatt
Incoming Daimler boss Ola Kaellenius is working on a cost cut program to reach profit margin targets which are threatened by global trade woes and ramp up issues at factories, Handelsblatt reported, citing company sources.
T-Mobile’s deal for Sprint gets big boost from FCC chief
T-Mobile US Inc’s $26 billion acquisition of rival Sprint Corp won the support of the head of the Federal Communications Commission on Monday, in a significant step toward the deal’s approval.
UK firms likely to scrap planned investment on a no-deal Brexit: BoE’s Broadbent
British companies are likely to cancel projects that they have put on hold because of Brexit uncertainty if the country leaves the European Union without a deal to smooth the shock, Bank of England Deputy Governor Ben Broadbent said on Monday.
Tesla stock and bonds tumble as investors fret about costs and safety
Tesla’s stock and bonds tumbled on Monday as investors worried about the automaker’s cash burn and problems with an Autopilot system that CEO Elon Musk has held out as key to the electric car maker’s future.
Wall St. pressured as Huawei fallout worries spark tech sell-off
U.S. stocks dropped on Monday, as Washington’s restrictions on China’s Huawei Technologies stoked fears about a hit to the broader technology sector and ratcheted up trade tensions between the world’s two largest economies.
GM says most new vehicles to get over-the-air upgrade tech by 2023
General Motors Co said on Monday most of its global models will be capable of over-the-air software upgrades by 2023, as the automaker rolls out new vehicle electrical systems designed to securely handle heavy data traffic and software downloads from t…
