Wall Street lifted by gains in techs, energy
Wall Street’s main indexes gained for the first time in three sessions on Tuesday, as Apple and chipmakers boosted technology shares, while energy companies rose on the back of higher crude oil prices.
EU demands scrutiny of 5G risks but no bloc-wide Huawei ban
EU nations will be required to share data on 5G cybersecurity risks and produce measures to tackle them by the end of the year, the European Commission said on Tuesday, shunning U.S. calls to ban China’s Huawei Technologies across the bloc.
Huawei welcomes EU executive’s ‘objective’ approach to 5G
Chinese telecoms equipment company Huawei said on Tuesday it welcomed the European Commission’s “objective and proportionate” approach to the security of future 5G networks.
U.S. bond yields, stocks rebound as risk buying returns
Benchmark U.S. Treasury yields rebounded off of 15-month lows on Tuesday while global stock markets broadly surged after a two-session swoon, as risk appetite improved after worries of an economic recession had clouded trading since late last week.
Boost for Paris’s Champs Elysees as Galeries Lafayette opens ‘concept’ store
High-end French department store Galeries Lafayette will open a new outlet on Paris’s Champs Elysees this week, aiming to lure big-spending tourists and trendy Parisians back to the tree-lined avenue that was once a byword for style.
Merck KGaA goes hostile in $5.9 billion Versum takeover battle
German pharma group Merck KGaA launched a hostile $5.9 billion all-cash takeover offer for Versum Materials on Tuesday to boost its presence in the semiconductor materials market and sideline a rival bidder.
OxyContin maker Purdue reaches $270 million settlement in Oklahoma opioid case: source
OxyContin maker Purdue Pharma LP and members of the wealthy Sackler family that own the company have reached a $270 million settlement to resolve a lawsuit by the state of Oklahoma accusing Purdue of helping fuel the opioid abuse epidemic, people famil…
Thomas Cook to review money division in latest revamp
Thomas Cook announced a review of its money division on Tuesday, in its latest step to streamline operations and focus on its core holiday business after a rough 2018 prompted profit warnings.
Bed Bath & Beyond activist investors pushing to replace board, CEO
Three activist investors disclosed a combined 5 percent stake in Bed Bath & Beyond Inc on Tuesday and sought to replace the entire board and the company’s long-time chief executive officer, Steven Temares.
Wall Street opens higher on tech boost
Wall Street’s main indexes opened higher on Tuesday, for the first time in five sessions, as Apple Inc led gains in technology stocks, while financials were lifted by big banks.
