Asia stocks edge back from record highs, Trump comments support dollar
TOKYO (Reuters) – Asian stocks came off record highs on Friday but were still poised to end the week with strong gains, while the battered dollar won back some ground after President Donald Trump said he wanted a strong U.S. currency.
Brazil defense minister tells Saab no control change for Embraer
RIO DE JANEIRO (Reuters) – Brazilian Defense Minister Raul Jungmann told Saab Chief Executive Officer Hakan Buskhe that the transfer of control of Embraer to Boeing is off the table, the defense ministry said in a statement on Thursday.
SunPower puts U.S. expansion on hold over Trump tariff
(Reuters) – SunPower Corp on Thursday said it was putting a $20 million U.S. factory expansion and hundreds of new jobs on hold until and unless its solar panels receive an exclusion from federal tariffs the Trump administration imposed this week.
Intel data center sales surge, warns of potential security flaw fallout
(Reuters) – Intel Corp on Thursday gave a bullish forecast and blew past Wall Street expectations for the fourth quarter on the strength of data center sales, the business it sees as key to its transformation from a PC supplier.
Starbucks disappoints after holiday drink sales lose steam
(Reuters) – Starbucks Corp on Thursday warned that 2018 global cafe sales growth would be at the low end of its forecast, after holiday drinks fell flat with U.S. customers during what is traditionally a blockbuster quarter.
U.S. panel deals blow to Philip Morris tobacco device
WASHINGTON (Reuters) – Philip Morris International Inc should not be allowed to claim its iQOS electronic tobacco product is less risky than cigarettes, U.S. health advisers said on Thursday, dealing a blow to the company as it seeks to strengthen its …
Ackman made new bet on Nike, Namvar to transition to advisory board
NEW YORK (Reuters) – Billionaire investor William Ackman said on Thursday that his hedge fund Pershing Square Capital Management made a new bet on sportswear company Nike last year that has already earned his portfolio a roughly 30 percent return.
Tesla denies further Model 3 production issues
(Reuters) – Tesla Inc is on track to achieve its production targets for the Model 3, the electric car-maker said on Thursday, squashing a report of further delays and quality issues for its latest and most-affordable sedan.
Intel results beat estimates, warns of potential security flaw fallout
(Reuters) – Intel Corp on Thursday gave a bullish forecast and blew past Wall Street profit and revenue expectations for the fourth quarter on the strength of data center sales, the business it sees as key to its transformation from a PC supplier.
S&P expects positive credit boost for Amazon ‘HQ2’ winner
(Reuters) – The winning location for Amazon.com’s $5 billion second headquarters project and its promise of up to 50,000 new jobs will likely receive a credit boost, S&P Global Ratings said on Thursday.
