Canada’s envoy to China says ‘misspoke’ on Huawei CFO case
Canada’s ambassador to China said he “misspoke” when he said Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou had a strong case against extradition to the United States, John McCallum said in a statement on Thursday.
Intel’s forecast misses on slowing China, data center; shares tumble
Intel Corp forecast current-quarter revenue and profit below analysts’ estimates and missed on fourth-quarter sales expectations on Thursday, hit by a slowdown in China and sluggish demand for its data center and modem chips.
Embraer signs papers for Boeing tie-up, calls shareholder meeting
Embraer SA has signed the “master transaction agreement” for a tie-up with Boeing Co and called a shareholder assembly for Feb. 26 to approve the partnership, the Brazilian planemaker said in a securities filing on Thursday.
Starbucks tops sales, earnings estimates as newer menus click
Starbucks Corp topped Wall Street forecasts for quarterly sales and earnings, as rejigged menus and heavy promotions helped attract customers to its cafes, driving its shares 4 percent higher on Thursday.
Stocks meander, bonds rise on ECB, U.S.-China trade talk
Stocks closed higher on Thursday after a choppy trading day, while U.S. Treasuries were in demand after the European Central Bank chief said economic growth was likely to be weaker than expected and with the United States was far from a China trade dea…
Starbucks beats quarterly sales estimates
Starbucks Corp topped Wall Street forecasts for quarterly same-restaurant sales on Thursday, as newer beverages and rejigged menus helped attract customers to its cafes in both the United States and China, its top two markets.
No-deal Brexit would cost Ford up to $1 billion
Ford Motor Co said on Thursday it faces a bill of up to $1 billion if Britain leaves the European Union without a deal, comprising World Trade Organization tariffs and the impact of a weaker pound.
Intel forecasts first-quarter below estimates
Intel Corp forecast first-quarter revenue and profit below analysts’ estimates on Thursday, adding to concerns of an industry-wide slowdown sparked by the U.S.-China trade war.
Nasdaq boosted by chip rally, Dow, S&P 500 stall
The S&P 500 edged higher but the Dow closed nominally lower on Thursday as lingering anxieties about slowing global growth and unresolved trade disputes undercut a spate of strong earnings, while chipmakers rallied to give the Nasdaq a solid gain.
U.S. government shutdown threatens rollout of new car models: automakers
The partial U.S. government shutdown is threatening to delay the roll-out of new vehicle models in the United States by stalling required certifications from the Environmental Protection Agency, automakers said.
