July 24, 2019

To survive trade war, some U.S. importers embark on major revamps of product lines

When U.S President Donald Trump tweeted in May his intention to raise tariffs on Chinese goods, management at California-based NewAir Appliances knew they needed to do […]
July 24, 2019

Xilinx resumes some Huawei sales, but lower forecast sends shares down

Xilinx Inc said it had resumed some sales to Huawei Technologies Co Ltd but forecast current-quarter revenue below Wall Street estimates on Wednesday, citing the impact […]
July 24, 2019

Tesla target for profit pushed back to fourth-quarter, shares down 11.5%

Tesla Inc on Wednesday missed financial targets in its second quarter despite record deliveries of its electric vehicles, adding that the carmaker will break even this […]
July 24, 2019

TechnipFMC resolves U.S. and Brazil probes, hopes to settle French case

Oil services company TechnipFMC said it would pay $301.3 million to resolve anti-corruption probes with Brazilian and U.S. authorities, and added it was committed to resolving […]
July 24, 2019

Top U.S., China trade negotiators to meet in Shanghai next week

Top U.S. and Chinese negotiators will meet face-to-face next week for the first time since Presidents Donald Trump and Xi Jinping agreed to revive talks to […]
July 24, 2019

Ford results dented by restructuring, gives low ’19 forecast

Ford Motor Co on Wednesday reported a lower-than-expected profit, weighed down by charges to restructure its units in Europe and South America, and the automaker gave […]
July 24, 2019

Surging chip stocks propel S&P 500 and Nasdaq to records

The S&P 500 and Nasdaq hit record highs on Wednesday after reassuring comments from Texas Instruments about global chip demand blunted the impact of weak earnings […]
July 24, 2019

S&P 500, Nasdaq hit record highs; euro drops on soft data

Tech companies led the S&P 500 and the Nasdaq to record closing highs on Wednesday but the Dow lost ground on downbeat earnings, while the euro […]
July 24, 2019

Cable firm Charter submitted plan to buy Sprint/T-Mobile assets: sources

Charter Communications submitted a proposal to the Justice Department to buy telecom assets being sold under the T-Mobile US Inc and Sprint Corp combination, but never […]
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