FCC OKs SpaceX, TeleSat Canada bids to expand satellite-based internet service
WASHINGTON (Reuters – The U.S. Federal Communications Commission voted unanimously on Thursday to allow Tesla chief executive Elon Musk’s Space X, Telesat Canada and two other companies to roll out new satellite-based broadband services.
Sterling sags on Brexit fears, traders favor yen, dollar
The sterling tumbled on Thursday after British ministers resigned in protest against a draft Brexit agreement, rekindling fears of a chaotic departure for Britain from the European Union in 4-1/2 months.
Pound dives as UK PM May fights for survival
Sterling tumbled on Thursday after a series of resignations rocked British Prime Minister Theresa May’s government and threw into doubt her long-awaited Brexit agreement just hours after it was unveiled.
Explainer: Unraveling the Boeing 737 MAX Lion Air crash
The crash of a Boeing Co 737 MAX jet in Indonesia on Oct. 29 has raised questions on whether the manufacturer shared enough information with regulators, airlines and pilots about the systems on the latest version of its popular narrow-body plane.
Dell sweetens VMware tracking stock offer with higher price, board seat
Dell Technologies on Thursday raised its offer to buy back shares tied to its interest in software maker VMware to $120 per share, sweetening the deal for shareholders with an additional $5 billion in cash.
Sterling dives on Brexit uncertainty, world stocks down for sixth day
Sterling tumbled on Thursday and a gauge of global stocks declined for a sixth straight session as political developments in Britain rippled through currency, bond and equity markets.
Wall Street hit by weak earnings, Brexit concerns
U.S. stocks fell on Thursday as a batch of weak earnings and Brexit-related concerns sparked a sixth day of selling, with high-growth stocks such as Amazon.com Inc and Facebook Inc taking a hit.
Third Point gains ISS, Glass Lewis support in Campbell proxy fight
Shareholder advisory firms Institutional Shareholder Services and Glass Lewis backed a push by Daniel Loeb’s hedge fund to make changes at Campbell Soup Co , including replacing some board members.
Strong U.S. economy boosts Walmart’s third-quarter sales
Walmart Inc reported higher-than-expected quarterly U.S. comparable sales on Thursday and raised its full year outlook as a strong economy boosted customer store visits and e-commerce purchases grew as it sold more groceries online.
Wall Street opens lower as mixed retail results, growth stocks weigh
U.S. stocks opened lower on Thursday, with hopes of a trade negotiation between the United States and China being offset by mixed results from retailers and a slide in growth stocks including Facebook and Amazon.com Inc .
