U.S. Justice Department tells T-Mobile, Sprint it opposes merger: source
The U.S. Justice Department has told T-Mobile US Inc and Sprint Corp that it opposes their planned $26 billion merger in its current form, a source familiar with the matter said on Tuesday, though a final decision has not been made.
United Airlines first-quarter profit rises, holds 2019 target
United Airlines on Tuesday reported a better-than-expected jump in first-quarter profit as it sold more tickets and cut costs, standing by its 2019 profit target even as its Boeing Co 737 MAX jets remain grounded.
White House will not turn over documents on AT&T-Time Warner merger
The White House has told two U.S. House Democrats it will not turn over documents that could show whether Republican President Donald Trump sought to intervene in the regulatory review of AT&T Inc’s $85 billion acquisition of Time Warner Inc.
Venezuela’s Guaido to seek to annul $8.7 billion Conoco award
Venezuelan opposition leader Juan Guaido will seek to annul an $8.7 billion arbitration award to U.S. oil producer ConocoPhillips as he moves to preserve foreign assets, Guaido’s chief legal representative said on Tuesday.
Netflix forecast disappoints as streaming competition looms
Netflix Inc gave a weak forecast on Tuesday that unnerved investors just as Walt Disney Co and others prepare to escalate Hollywood’s streaming video wars, although the company’s quarterly results beat Wall Street targets.
Boeing 737 MAX software upgrade ‘operationally suitable’: FAA panel
A review by a U.S. Federal Aviation Administration panel into Boeing Co’s grounded 737 MAX aircraft found a planned software update and training revisions to be “operationally suitable,” the agency said Tuesday, an important milestone in getting the pl…
Minnesota student sues JD.com’s CEO Liu, company over rape allegation
A University of Minnesota student who said she was raped last August by Richard Liu, the chief executive officer of China’s e-commerce retailer JD.com Inc, filed a civil lawsuit against him in a Minneapolis court on Tuesday, nearly four months after pr…
Stocks approach new highs but healthcare stymies Wall Street
Stocks around the globe rose on Tuesday to six-month highs as positive economic data in China and Germany boosted investor sentiment, though concerns about the impact of U.S. policy on the healthcare sector paused Wall Street’s rally.
Wall Street edges higher on generally positive earnings
U.S. stocks ended slightly higher on Tuesday, with the S&P 500 inching closer to its all-time high following a string of mostly positive earnings, while a drop in healthcare shares limited the advance.
Qualcomm stock surges after settling long patent dispute with Apple
Qualcomm Inc on Tuesday won a major victory in settling its wide-ranging legal dispute with Apple Inc, signing a six-year patent license deal and a supply agreement that could pave the way to getting its modem chips back in the iPhone, which featured o…
