Pence dismisses idea of U.S. buying Nokia, Ericsson to challenge Huawei
U.S. Vice President Mike Pence on Friday declined to endorse an unusual suggestion from U.S. Attorney General William Barr that the United States consider taking control of two major foreign rivals of China-based Huawei Technologies Co Ltd.
Wall Street pulls back from record highs after four-day rally
Wall Street pulled back from record levels on Friday after a four-day rally, as investors digested a report that showed strength in U.S. labor market, while keeping a close eye on developments surrounding the coronavirus epidemic.
Ford shakes up top management, promises faster turnaround
Ford Motor Co on Friday shook up its top management, naming strategy chief Jim Farley as chief operating officer of the No. 2 U.S. automaker and promising skeptical investors the company will kick a slow-moving turnaround into a higher gear.
EU goes into meeting frenzy ahead of February 20 summit on next seven-year budget
European Union leaders and institutions went into a frenzy of meetings this week to start the toughest job the bloc faces this year: agreeing on a seven-year budget that for many is the most tangible sign of what a united Europe will look like after Br…
Growth worries on coronavirus send stocks lower at end of best week since June
Global equity markets and government debt yields slumped on Friday as growing concerns about the impact of the coronavirus on global growth overshadowed a strong U.S. jobs report that indicated an economy on pace to grow moderately.
‘We’ll see; – U.S. Vice President on whether U.K.’s 5G decision could hurt possible trade deal
U.S. Vice President Mike Pence said on Friday that Britain’s decision to let Huawei Technologies have a limited role in its 5G network remains a point of issue between the two traditional allies.
Mediaset set to win more time to complete merger of Italy, Spain units: sources
Mediaset will submit revised plans to merge its Italian and Spanish broadcasting units under a Dutch entity to authorities in the Netherlands, securing a six-month extension to complete the project, two sources familiar with the matter said.
New drugs contribute to AbbVie’s upbeat 2020 view; shares hit year-high
AbbVie Inc on Friday forecast full-year earnings well above Wall Street estimates, as the U.S. drugmaker looks to new treatments and its pending acquisition of Allergan Plc to drive growth beyond 2023, when its cash cow Humira loses patent protection…
Take Five: China’s virus paralysis
The coronavirus continues to claim lives, yet the impact on global demand and companies is just starting to be felt. Recent days have seen an unremitting flow of dire headlines as supply chains from New Zealand to the United States felt the impact of a…
Mild weather boosts U.S. job growth; unemployment rate rises
U.S. job growth accelerated in January, with unseasonably mild temperatures boosting hiring in weather-sensitive sectors, indicating the economy will probably continue to grow moderately despite a deepening slump in business investment.
