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Updated: 50 min 42 sec ago

Boeing swings to annual loss as 737 MAX costs double

6 hours 26 min ago
Boeing Co on Wednesday swung to its first annual loss since 1997 on mounting 737 MAX costs and indicated it would again cut production of its bigger 787 Dreamliner aircraft, currently its main source of cash.

Britain's BBC to cut 450 newsroom jobs in cost-cutting drive

6 hours 28 min ago
The BBC said on Wednesday it will cut around 450 jobs from its news division as part of an 80 million pound savings drive and modernisation programme.

Pompeo to Britain: Look again at Huawei 5G decision

6 hours 34 min ago
The United States on Wednesday urged Britain to rethink its decision to allow China's Huawei a role in 5G networks, cautioning that American information would only be allowed to pass across trusted networks.

McDonald's sees higher 2020 spending on tech, R&D after sales beat

6 hours 39 min ago
McDonald's Corp beat forecasts with its quarterly sales on Wednesday and said it would spend more on technology and research in 2020, as the world's largest burger chain bets on revamped stores and menu additions to lure more diners and gain market share.

EU deals another blow to U.S., allowing members to decide on Huawei's 5G role

6 hours 45 min ago
The EU followed Britain's example on Wednesday, allowing members to decide what part China's Huawei Technologies [HWT.UL] can play in its 5G telecoms networks and resisting pressure from Washington for an outright ban.

Big volatility options trade points to mystery investor '50 Cent'

6 hours 53 min ago
Large options trades some people have attributed to the mysterious investor known as "50 Cent" have become more profitable in recent days, as fears of the economic impact of the coronavirus injected volatility back into stock markets.

Boeing swings to annual loss as 737 MAX costs climb to $19 billion

7 hours 7 min ago
Boeing Co expects nearly $19 billion in costs related to the grounding of its 737 MAX jets, the U.S. planemaker said on Wednesday as it swung to its first annual loss since 1997 and indicated it would again cut production of its bigger 787 Dreamliner aircraft.

Exclusive: HSBC considering exit from Turkey - sources

7 hours 12 min ago
HSBC is considering exiting Turkey as part of broader cost-cutting measures under interim Chief Executive Noel Quinn, sources familiar with the matter said.

Mastercard beats profit estimates on strong holiday season spending

7 hours 23 min ago
Mastercard Inc beat Wall Street estimates for quarterly profit on Wednesday as customers spent more on its cards during the U.S. holiday shopping season, boosting fees for the world's second-largest payment processor.

GE beats profit, cash flow estimates on aviation, lower spending

7 hours 28 min ago
General Electric Co quarterly profit and cash flow beat analysts' estimates on Wednesday, boosted by its aviation unit, but the industrial conglomerate set a relatively modest profit target for 2020.

EU guidelines allow members to either restrict or ban high risk 5G providers like Huawei

7 hours 32 min ago
EU countries can either restrict or exclude high-risk 5G vendors from core parts of their telecoms networks, according to new EU guidelines announced on Wednesday, a move targeting China's Huawei Technologies but falling short of a U.S. call for a complete ban.

Factbox: Huawei's involvement in telecoms networks around the world

7 hours 32 min ago
European Union countries can either restrict or exclude high-risk 5G vendors from core parts of their telecoms networks, according to new EU guidelines announced on Wednesday, a move targeting China's Huawei Technologies but falling short of a U.S. call for a complete ban.

United States tells Britain: look again at Huawei 5G decision

7 hours 38 min ago
The United States on Wednesday urged Britain to look again at its decision to allow China's Huawei a limited role in 5G networks, cautioning that American information should only pass across trusted networks.

Futures gain as Apple earnings take some focus off virus concerns

7 hours 43 min ago
U.S. stock index futures rose on Wednesday as strong results from Apple and other marquee companies kicked fourth-quarter earnings into top gear and overshadowed concerns over the economic impact of the fast-spreading coronavirus.

Huawei says it welcomes EU guidelines on 5G security

8 hours 1 min ago
Chinese telecoms equipment maker Huawei [HWT.UL] on Wednesday welcomed the European Union's 5G guidelines that are likely to limit its business in Europe, but which fall short of a U.S. call for a total ban.

L Brands CEO in talks to step aside and sell Victoria's Secret: WSJ

8 hours 2 min ago
Victoria's Secret-owner L Brands Chief Executive Officer Leslie Wexner is in talks to step aside from the role and is exploring strategic alternatives for the lingerie brand, the Wall street Journal reported on Wednesday.

Buoyed by company earnings, world markets look past virus

8 hours 3 min ago
Global markets showed more signs of stabilisation on Wednesday as investors looked past China's coronavirus outbreak and moved back into shares from safe-haven assets such as the yen and German bonds.

Huawei denies German report it colluded with Chinese intelligence

8 hours 4 min ago
Huawei [HWT.UL], the leading maker of telecoms network equipment, denied a newspaper report on Wednesday that alleged the German government was in possession of evidence that it had cooperated with Chinese intelligence.

Huawei denies German report it colluded with Chinese intelligence

8 hours 4 min ago
Huawei, the leading maker of telecoms network equipment, denied a newspaper report on Wednesday which said the German government was in possession of evidence that it had cooperated with Chinese intelligence.

Boeing 737 MAX charges to top $18 billion

8 hours 4 min ago
Boeing Co said on Wednesday it expects more than $18 billion in costs related to the grounding of its 737 MAX jets, and indicated it would cut production of its bigger 787 Dreamliner aircraft.

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