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Updated: 16 min 26 sec ago

High expectations for Tesla, and a long way to go to match rivals' steady profit

Tue, 01/28/2020 - 2:54pm
Buckle up. Tesla's quarterly report could be another wild ride for investors.

U.S. economy on path to 'solid' 2020 growth; budget deficits to top $1 trillion

Tue, 01/28/2020 - 2:51pm
The U.S. economy will grow at a "solid" rate of 2.2% this year, the non-partisan Congressional Budget Office forecast on Tuesday, but with federal budget deficits hitting $1.015 trillion.

United cancels flights to China as Facebook, others avoid travel on virus fears

Tue, 01/28/2020 - 2:37pm
United Airlines Holdings Inc is cancelling some flights to China as Facebook Inc and other global companies restrict travel to the country, with concerns over a flu-like virus deepening.

Canada, isolated over Huawei 5G, is studying British decision

Tue, 01/28/2020 - 2:35pm
Canada, the only member of an elite intelligence-sharing network yet to decide whether to allow the use of Huawei Technologies Co Ltd 5G technology, on Tuesday said it was studying Britain's decision not to ban the Chinese telecoms giant from the West's next-generation communications.

Renault says will reopen Wuhan plant with partner Dongfeng on February 10

Tue, 01/28/2020 - 2:28pm
Renault will resume production at the factory it runs with Dongfeng Group in Wuhan, Hubei province and the epicenter of the outbreak of a new flu-like virus, on Feb. 10, a spokeswoman for the French carmaker said on Tuesday.

How Facebook thinks its independent oversight board should work

Tue, 01/28/2020 - 2:04pm
Facebook Inc recommended rules on Tuesday for how its independent oversight board will work and said a former human rights group director will lead the board's administrative staff.

Oil edges up as stock markets rebound after virus-related selloff

Tue, 01/28/2020 - 2:02pm
Oil futures edged up on Tuesday after falling for five days, gaining support from a rebound in Wall Street stocks and talk that OPEC and its allies might tighten the market amid fears the coronavirus could weigh on oil demand.

Freeport CEO 'looking forward' to deals once expansion projects done

Tue, 01/28/2020 - 1:39pm
Freeport-McMoran Inc , the world's largest publicly traded copper producer, would consider acquisitions, mergers or other deals once three ongoing expansion projects finish by 2022, Chief Executive Richard Adkerson said in an interview on Tuesday.

United Airlines suspends some U.S. flights to China as demand drops over virus fears

Tue, 01/28/2020 - 1:33pm
United Airlines Holdings Inc said on Tuesday it was suspending some flights between the United States and Beijing, Hong Kong and Shanghai between Feb. 1 and Feb. 8 due to a "significant decline in demand" as the new coronavirus spreads.

Trump, Britain's Johnson discussed 'telecommunications' after Huawei decision: White House

Tue, 01/28/2020 - 1:31pm
U.S. President Donald Trump and Britain's Prime Minister Boris Johnson "discussed critical regional and bilateral issues, including telecommunications security" in a conversation on Tuesday, White House spokesman Judd Deere said in a statement.

Countdown to recession: What an inverted yield curve means

Tue, 01/28/2020 - 1:26pm
NEW YORK - A dramatic rally in Treasuries this week led some key parts of the U.S. yield curve to reinvert, a signal that has traditionally been bearish for the U.S. economy.

Centerview lures top French dealmakers to its new Paris hub: sources

Tue, 01/28/2020 - 1:15pm
U.S. boutique investment bank Centerview has found an office in the heart of Paris and is hiring senior bankers to establish a second European hub as Brexit looms, three sources told Reuters.

Wall Street rebounds as Apple surges ahead of earnings

Tue, 01/28/2020 - 1:09pm
The S&P 500 rose over 1% on Tuesday as a surge in Apple and other technology stocks helped the benchmark index recover from its worst selloff in about four months that was sparked by concerns over the coronavirus outbreak.

UK's Johnson tells Trump on Huawei that collaboration is needed to diversify market

Tue, 01/28/2020 - 1:07pm
Prime Minister Boris Johnson told President Trump on Tuesday that countries should work together to break the dominance of a small number of companies after Britain granted Chinese firm Huawei [HWT.UL] a limited role in its 5G mobile network.

Renault turns to VW's De Meo as carmaker seeks fresh start

Tue, 01/28/2020 - 1:04pm
Renault's Tuesday named Luca de Meo, the former head of Volkswagen's Seat brand, as its next chief executive, as the carmaker looks to draw a line under a year of turmoil by finalizing a long-awaited management shake-up.

Pfizer profit misses estimates, revenue declines as Lyrica sales tumble

Tue, 01/28/2020 - 1:00pm
Pfizer Inc on Tuesday reported lower-than-expected quarterly profit and a decline in revenue as sales of its off-patent pain treatment Lyrica more than halved, sending its shares down more than 3%.

Huawei snatched market share from Apple, local rivals in China in 2019

Tue, 01/28/2020 - 12:58pm
Top Chinese smartphone maker Huawei Technologies Co Ltd thrived in 2019 at the expense of smaller Chinese rivals and Apple even as the smartphone market shrank further and consumers favored phones with 5G technology, data shows.

Atlantia shares rise on hopes for truce with Italian government

Tue, 01/28/2020 - 12:54pm
Atlantia shares gained more than 6% on Tuesday as comments from a minister rekindled hopes that the infrastructure group could reach a compromise with the government over its lucrative motorway concession.

French carmaker Renault names Luca de Meo as new CEO

Tue, 01/28/2020 - 12:47pm
French carmaker Renault on Tuesday named former Volkswagen's Seat brand executive Luca de Meo as its new chief executive, as Renault moves to create a new management in the post-Ghosn era and shore up its alliance with Nissan .

Factbox: Huawei's involvement in other countries' telecoms networks

Tue, 01/28/2020 - 12:25pm
Prime Minister Boris Johnson granted Huawei [HWT.UL] a limited role in Britain's 5G mobile network on Tuesday, defying U.S. pressure to exclude the Chinese company from next-generation communications over fears Beijing could use them to spy.

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