Business

U.S. to review new curbs on Huawei, China in Feb. meeting: sources

The Trump administration plans to meet this month to discuss further curbing technology exports to China and its flagship telecoms company Huawei, two sources said, in a bid to resolve differences within the government over the possible crackdown. The gathering, currently scheduled for Feb. 28, will bring together high level officials for talks after the […]

Business

Ford shares dive after carmaker posts fourth-quarter loss, disappointing 2020 outlook

Investors sent Ford Motor Co shares skidding on Tuesday after the company delivered a weaker-than-expected 2020 forecast, warning of higher warranty costs, lower profits at its credit arm and continued investments in future technology such as self-driving cars. Shares in the No. 2 U.S. automaker plunged 9.4% in after-hours trading, shaving more than $3 billion […]

Business

American, United suspending U.S. flights to and from Hong Kong through February 20

American Airlines Group (AAL.O) and United Airlines (UAL.O) on Tuesday both said they are suspending all flights to and from Hong Kong. Hong Kong reported its first coronavirus death on Tuesday, the second outside mainland China. An American Airlines spokeswoman said the airline’s suspension of its Hong Kong flights to and from Los Angeles and […]

Business

Snap misses quarterly revenue estimates, shares sink

Snap Inc (SNAP.N) missed Wall Street estimates for fourth quarter revenue on Tuesday as it faced tough competition from digital advertising giants Google and Facebook, sending its shares down 10%. Snap, which owns the popular photo messaging app Snapchat, had earlier warned its peak advertising demand period between Black Friday and the December holidays had […]

Business

Exclusive: iPhone app makers questioned in U.S. antitrust probe of Apple – sources

The U.S. Justice Department has reached out to app developers as part of its investigation into Apple Inc (AAPL.O), one of the four big tech companies being probed for alleged anti-competitive behavior, according one of the developers and another person familiar with the investigation. The chief executive of developer Mobicip, Suren Ramasubbu, told Reuters he […]

Business

Intercontinental Exchange says it explored deal with eBay

Intercontinental Exchange Inc (ICE), the owner of the New York Stock Exchange, said on Tuesday it had approached e-commerce company eBay Inc to explore “a range of potential opportunities”. The statement came after people familiar with the matter said ICE discussed a potential takeover of eBay. The acquisition would exceed $30 billion and represent a […]

Business

Stocks rally on virus vaccine hopes, dollar gains

The dollar gained and a gauge of global equity markets surged for a third day on Wednesday, as investors cheered expectations of more central bank stimulus and reports that scientists were developing a vaccine for the deadly coronavirus. U.S Treasury yields rose on early reports that a Chinese university team found a drug to treat […]