February 7, 2020

Japan telecom SoftBank Corp CEO sees Elliott investment as ‘positive’

Japanese telecom SoftBank Corp’s CEO Ken Miyauchi on Friday welcomed hedge fund Elliott Management’s investment in parent SoftBank Group Corp saying the activist investor’s assessment of […]
February 7, 2020

Toyota keeps China plant output stopped through February 16 as virus hits supply, logistics

Toyota Motor Corp on Friday said production at all of its China plants would remain suspended through Feb. 16, joining a growing number of automakers facing […]
February 7, 2020

Majority of U.S. firms in China see revenue hit from coronavirus: AmCham survey

The majority of U.S. firms with operations in China expect a virus outbreak to cut revenue this year, and some are accelerating plans to shift their […]
February 7, 2020

L’Oreal rallies as sales increase offsets China concerns

L’Oreal’s shares rose on Friday after fourth-quarter earnings from the French cosmetics company helped to offset concerns over the impact of China’s coronavirus health crisis on […]
February 7, 2020

Hyundai Motor, Kia Motors to keep Chinese factories idled until February 16

Hyundai Motor and affiliate Kia Motors plan to restart production at their Chinese factories on Feb. 17, a spokesperson said on Friday. Powered by WPeMatico
February 7, 2020

Lifeblood of Amazon merchants threatened as coronavirus infects Chinese workers

Amazon.com Inc sellers are bracing for product shortages as Chinese workers – worried about the fast-spreading coronavirus – may be unable or unwilling to return to […]
February 7, 2020

U.S. interest positive for Ericsson, says top owner Cevian

U.S. interest in buying a stake in Ericsson would be positive for the company, but any deal would have to be at a far higher price […]
February 7, 2020

Hargreaves top investor sells shares at discount; stock drops

Hargreaves Lansdown co-founder and biggest shareholder Peter Hargreaves has sold 34.4 million shares in the investment platform, at more than a 6% discount to the stock’s […]
February 7, 2020

Exclusive: Fearing Huawei curbs, Deutsche Telekom tells Nokia to shape up

Deutsche Telekom has told supplier Nokia it must improve its products and service to win business installing the German group’s 5G wireless networks in Europe, according […]
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