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Updated: 18 min 32 sec ago

No threats to break UK intellgence ties after 5G decision: security source

Tue, 01/28/2020 - 11:36am
There have been no threats from other countries' intelligence agencies to break ties with Britain after it announced it would grant Huawei a limited role in its 5G mobile network, a British security source said on Tuesday.

Wall Street recovers from Monday rout on tech, financial support

Tue, 01/28/2020 - 10:47am
U.S. stocks rose on Tuesday as gains in technology and financial shares helped major indexes recover from their worst selloff in about four months on worries over a coronavirus outbreak and its impact on global growth.

Defying Trump, Britain's Johnson gives Huawei restricted 5G remit

Tue, 01/28/2020 - 10:31am
Prime Minister Boris Johnson granted Huawei [HWT.UL] a limited role in Britain's 5G mobile network on Tuesday, resisting U.S. pressure to exclude the Chinese company from next generation communications over fears Beijing could use them to spy.

Intelligence sharing will not be put at risk by Huawei decision-UK's Raab

Tue, 01/28/2020 - 10:31am
Britain's Foreign Secretary Dominic Raab said intelligence sharing would not be jeopardized by Tuesday's decision to allow China's Huawei [HWT.UL] a role in building the country's 5G telecoms network.

In post-repo squeeze twist, Fed may nudge up interest paid to banks

Tue, 01/28/2020 - 10:19am
One potential side effect of the U.S. Federal Reserve's efforts to pump liquidity into the banking system and avoid further unwanted surges in short-term borrowing rates: The central bank may soon have to take measures to keep interest rates from getting too low.

Adidas to launch new fabrics from recycled ocean plastic, polyester

Tue, 01/28/2020 - 10:08am
Adidas will launch new fabrics made from recycled polyester and marine plastic waste and expand the product lines that use them after the success of shoes made with the Parley for the Oceans initiative, the sportswear firm said on Tuesday.

Brent crude steadies just under $60/bbl, China oil demand in focus

Tue, 01/28/2020 - 9:58am
Oil futures steadied somewhat on Tuesday after a five-day losing streak as OPEC sources said the group and its allies might tighten the market amid fears that the coronavirus, which has claimed over 100 lives in China, could weigh on oil demand.

Wall Street opens higher after Monday's selloff

Tue, 01/28/2020 - 9:36am
U.S. stock indexes opened higher on Tuesday after the S&P 500 suffered its worst day in nearly four months in the previous session on concerns that a coronavirus outbreak in China could hit global economic growth.

Xerox's quarterly profit beats estimates, says firm on HP buyout

Tue, 01/28/2020 - 9:19am
Xerox Holdings Corp on Tuesday posted a better-than-expected quarterly profit as it kept a tight lid on costs and said it plans to follow through with its $33 billion bid to buy rival HP Inc .

U.S. core capital goods orders record largest drop in eight months

Tue, 01/28/2020 - 8:59am
New orders for key U.S.-made capital goods dropped by the most in eight months in December and shipments were weak, suggesting business investment contracted further in the fourth quarter and was a drag on economic growth.

Harley-Davidson's shares tumble on steeper fall in revenues

Tue, 01/28/2020 - 8:53am
Harley-Davidson Inc on Tuesday reported a larger-than-expected decline in its motorcycles revenue, hurt by a continuing slide in retail sales in the United States, sending its shares plunging in pre-market trade.

UK grants Huawei a limited role in 5G, defying President Trump

Tue, 01/28/2020 - 8:34am
Prime Minister Boris Johnson on Tuesday granted China's Huawei a limited role in Britain's 5G mobile network, resisting U.S. pressure to exclude the company from next generation communications on fears China could use it to steal secrets.

U.S. laments UK decision allowing Huawei a limited 5G role: aide

Tue, 01/28/2020 - 8:33am
The United States is disappointed by the United Kingdom's decision to grant Chinese telecommunications firm Huawei a limited role in its 5G mobile network, a senior Trump administration official said on Tuesday.

3M forecasts 2020 profit below estimates on weak China demand

Tue, 01/28/2020 - 8:28am
U.S. industrial giant 3M Co forecast 2020 profit below expectations and narrowly missed quarterly revenue estimates on Tuesday, as it continues to face sluggish demand in China, sending its shares down 2.8% in early trading.

Ryanair warns of job losses as 737 MAX delivery date slips

Tue, 01/28/2020 - 8:26am
Ryanair has warned pilots of possible base closures and job cuts as the date for delivery of its first 10 of Boeing's grounded 737 MAX aircraft slipped into the autumn. In a memo dated Jan. 27 seen by Reuters, the low-cost airline said Boeing would not deliver the first aircraft until September or October at the earliest, as Ryanair does not take deliveries during its peak summer months of June, July and August.

UTC says Collins 2020 profit to be hurt mainly due to MAX grounding

Tue, 01/28/2020 - 8:24am
United Technologies Corp Chief Financial Officer Neil Mitchill said he expects 2020 operating profit at the U.S. aircraft parts maker's Collins Aerospace unit, its biggest, to be hurt largely due to the grounding of Boeing Co's 737 MAX aircraft.

Wall Street set to recover after turbulent Monday

Tue, 01/28/2020 - 8:14am
U.S. stock indexes were on track to recover on Tuesday after the S&P 500 suffered its worst day in nearly four months in the previous session on fears that a coronavirus outbreak could hit global economic growth.

Lockheed Martin beats estimates, raises sales forecast on higher F-35 deliveries

Tue, 01/28/2020 - 8:02am
Lockheed Martin Corp reported a better-than-expected quarterly profit on Tuesday and forecast 2020 revenue above analysts' estimates, as the Pentagon's No.1 weapons supplier benefited from heightened geopolitical tensions in the Middle East.

McDonald's heats up breakfast war with new chicken sandwiches

Tue, 01/28/2020 - 7:43am
McDonald's Corp will add chicken sandwiches to its breakfast menu at all of its U.S. restaurants, the world's largest burger chain said on Tuesday, to fend off competition from Chick-Fil-A and Popeyes Louisiana Kitchen .

Pfizer profit misses as breast cancer drug sales fall short of estimates

Tue, 01/28/2020 - 7:42am
Pfizer Inc posted a quarterly profit on Tuesday that came in below Wall Street estimates, as sales of breast cancer drug Ibrance fell short of expectations.