U.S. federal judge allows merger between T-Mobile and Sprint
T-Mobile US Inc and Sprint Corp won a federal court fight as a judge ruled on Tuesday that their $26 billion merger was legal and should be allowed.
U.S. downgrade could stoke bias against Malaysian airlines: regulator
Malaysia’s aviation regulator said on Tuesday its airlines could be discriminated against by foreign authorities after the country’s air safety rating was downgraded by the U.S. Federal Aviation Administration (FAA) late last year.
M&S names Greencore’s Eoin Tonge as new finance chief
Marks & Spencer on Tuesday appointed Eoin Tonge, currently the chief financial officer of Irish food group Greencore , as its new finance chief, filling a void left by the departure of Humphrey Singer at the end of last year.
Futures rise on hopes virus may be over soon; Sprint soars
U.S. stock index futures rose on Tuesday as a top Chinese health adviser said the coronavirus outbreak may plateau in the next few weeks, while Sprint shares surged on hopes of favorable ruling for its merger with T-Mobile.
Under Armour forecasts surprise sales drop, coronavirus hit; shares fall
Under Armour Inc on Tuesday forecast a surprise drop in 2020 revenue, largely due to weakness in North America, and said the coronavirus outbreak in China would hurt sales in one of its fast-growing markets, sending shares tumbling 13%.
Sleeping giant awakens? Downside risks for euro grow
A drop in the euro/dollar exchange rate to a four-month low raises the prospect of a repricing of one of the world’s most important macro-economic metrics and a potential re-rating of the U.S. currency across the globe.
Exclusive: JPMorgan in talks to merge blockchain unit Quorum with startup ConsenSys – sources
JPMorgan Chase & Co is in talks to merge its marquee blockchain unit Quorum with Brooklyn-based startup ConsenSys, according to people familiar with the plans.
U.S. companies cut back on installing robots in 2019
U.S. companies installed fewer robots in 2019 than they did the year before, the first cut back since 2015, as a downturn in manufacturing fueled by trade wars and weaker demand dampened appetite for the machines.
China’s central bank gives green light to Mastercard’s China JV for clearing business
China’s central bank said on Tuesday it has approved an application by Mastercard’s China joint venture to conduct bank card clearing operations in the country.
JD Sports may have to sell Footasylum if it doesn’t address competition concerns: watchdog
UK sportswear retailer JD Sports may have to sell Footasylum if it does not address competition concerns about last year’s acquisition of its smaller rival, Britain’s competition watchdog said on Tuesday after an in-depth review of the takeover.
