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Qualcomm disappointed Wall Street. It says Huawei is partly to blame Qualcomm disappointed Wall Street with its latest financial report. According to the company, a large part of the blame falls on Chinese tech giant Huawei. The U.S. chipmaker reported revenue for the June quarter that declined 13% year-on-year, net income ...
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Oil slips 1% after Fed disappoints, US crude output rises TOKYO (Reuters) - Oil prices skidded on Thursday, declining for the first time in six days, after the U.S. Federal Reserve dampened hopes for a string of interest rate cuts and Sino-U.S. talks ended without apparent progress towards resolving a bitter trade ...
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The "world's largest internet restaurant company" quietly raised $125 million this month In May, venture capitalist Michael Moritz of Sequoia Capital warned in a Financial Times column that Amazon's recent $575 million investment in the London-based delivery service Deliveroo could prove ominous for local restaurants. Wrote Moritz: "Amazon is ...
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Beyond Meat's secondary stock offering priced at $160 per share (Reuters) - Meat alternatives company Beyond Meat Inc said on Wednesday a secondary offering of 3.25 million new shares would be priced at $160 per share, an 18.6% discount to the stock's closing price. With the new offering, of which 250,000 shares are ...
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Dow, S&P 500 take hits in fallout from Federal Reserve cuts Stocks fell and bond yields rose on Wall Street Wednesday after the Federal Reserve lowered its key interest rate for the first time in a decade but left investors feeling uncertain about the likelihood of further cuts. The quarter-point cut announced by the central ...
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Fat Finger or Mistaken Identity? Hong Kong Stock Suffers Mystery Plunge A snack maker suddenly tumbled the most in more than a year in Hong Kong, with traders speculating someone may have mistakenly sold the stock. Want Want China Holdings Ltd. lost as much 7.8% just as the pre-market session opened, with some 101,000 ...
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Laid-off Blackjewel coal miners continue to block train as protest for back pay CUMBERLAND, Ky. – Protesting Kentucky coal miners will enter their fourth day blocking a coal train from leaving a bankrupt Harlan County mine on Thursday, demanding weeks of back pay on the same day their former employer's assets are set to go up for ...
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24000 Disney and Eddie Bauer inclined sleepers recalled over concerns about infant safety (CNN) About 24,000 inclined sleepers sold under the Disney and Eddie Bauer brand names have been recalled as a precautionary measure after infant deaths in connection with similar products were reported. The federal Consumer Product Safety ...
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UPDATE 1-Rio Tinto-controlled Turquoise Hill swings to loss on Mongolia mine woes (Adds share price performance in sixth paragraph, details throughout). By Nichola Saminather. TORONTO, July 31 (Reuters) - Rio Tinto-controlled Turquoise Hill Resources said an impairment charge at the cash-generating unit of its Oyu Tolgoi copper mine ...
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Sam Fox's Fox Restaurant Concepts being sold to Cheesecake Factory PHOENIX — The Cheesecake Factory announced Wednesday that it had "entered into definitive agreements" to purchase Sam Fox's Fox Restaurant Concepts, the Phoenix-based restaurant group behind several popular Valley restaurants including North ...
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Connecticut launches investigation into vaping health claims HARTFORD, Conn. (AP) — Connecticut launched an investigation Wednesday into the marketing practices of Juul Labs, becoming the latest state to probe the vaping product manufacturer's health claims and appeal to young people. State Attorney General ...
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Italy bars McDonald's fast-food amidst monuments of ancient Rome ROME (Reuters) - Italy's Culture ministry on Wednesday barred the construction of a McDonald's fast-food restaurant next to the ancient Baths of Caracalla in Rome, with Mayor Virginia Raggi saying "the wonders of Rome must be protected". Culture Minister ...
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GE raises financial forecast for year but tempers optimism BOSTON — General Electric offered a guardedly upbeat update on its finances Wednesday, raising its full-year financial projections and delivering a second-quarter report sprinkled with caveats. After making his introductions, the very first words in CEO H.
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Nyrstar smelter back online under new ownership as Govt inks loan guarantee Nyrstar today confirmed that the smelter was now operating normally for the first time since the blast furnace was disabled on May 28. The company said earlier this month it had lost production of 30,000 tonnes of lead metal. After the unplanned shutdown, ...
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India only Asian economy that's growing its export share amid trade war The only major Asian economy that's grown its export share since the start of the tariff wars in 2018 is the one with the fewest trade links to China. India's share of world exports rose to 1.71 per cent in the first quarter of 2019 from 1.58 per cent in the fourth ...
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VG Siddhartha death: ICRA puts CCD 'on watch with negative implications' Credit rating agency ICRA has put Coffee Day Enterprises Ltd on "watch with negative implications" after the death of founder VG Siddhartha. "The ratings have been put on watch with negative implication (revised from watch with developing implication) as ...
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Indian Challenger Is Here To Challenge Harley-Davidson American bike maker Indian Motorcycle is planning to launch a brand new motorcycle, of which the images have already leaked online. This time though, instead of some grainy images, a video has been leaked, which confirms the name of the upcoming bike.
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Allergan Cites Rare Cancer as Reason for Breast Implant Recall Allergan has issued a worldwide recall of many of its textured breast implants at the request of the Food and Drug Administration. The FDA said it had received reports of 573 cases of a rare form of implant-associated cancer and 33 deaths. The agency ...
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