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Reuters Business
Jul 23, 2019

Harley-Davidson cuts 2019 shipments forecast after sales slump
Harley-Davidson Inc on Tuesday trimmed the forecast for shipments of its motorcycles in 2019 after worldwide sales in the second quarter slumped, hurt by higher tariff costs as well as weak demand in the United States.

Reuters Business
Jul 23, 2019

Hasbro says additional tariffs may lead to higher product prices
Toymaker Hasbro Inc said on Tuesday it would raise product prices if the United States imposes additional tariffs on Chinese imports.

Reuters Business
Jul 23, 2019

United Tech profit beats on higher demand for aircraft parts
United Technologies Corp reported better-than-expected quarterly earnings and raised its full-year sales and profit forecasts on Tuesday, driven by an increase in demand for aircraft parts and spares.

Reuters Business
Jul 23, 2019

UTC sees extra $150 million sales boost from Collins deal
United Technologies Corp expects its acquisition of aero parts maker Rockwell Collins to add an extra $150 million to full-year sales in 2019 and 15 cents per share to its profit, Chief Financial Officer Akhil Johri has told Reuters.

Reuters Business
Jul 23, 2019

Oil slips to around $63 as Iran concerns fade for now
Oil slipped to around $63 a barrel on Tuesday as concerns faded for now that rising tensions in the Middle East would escalate and hit oil supplies, compounding the impact of a weaker demand outlook.

Reuters Business
Jul 23, 2019

Biogen beats estimates on multiple sclerosis therapy sales
Drugmaker Biogen Inc beat analysts' estimates for quarterly profit and lifted its 2019 earnings forecast on Tuesday, driven by higher sales of its top-selling multiple sclerosis therapy Tecfidera.

Reuters Business
Jul 23, 2019

Lockheed beats quarterly profit estimates, raises 2019 forecast
Lockheed Martin Corp on Tuesday reported a better-than-expected quarterly profit and raised its 2019 profit forecast for the second time in three months, helped by increased demand for its stealth F-35 combat jets and missiles.

Reuters Business
Jul 23, 2019

Coca-Cola raises 2019 forecast on coffee, zero sugar soda boost
Coca-Cola Co on Tuesday beat analysts' estimate for quarterly profit and raised its organic revenue forecast for the full year, driven by demand for zero sugar soda and innovations, such as the Coca-Cola Plus Coffee.

Reuters Business
Jul 23, 2019

Lockheed Martin profit rises 22% on higher F-35 deliveries
Lockheed Martin Corp reported a 22% rise in quarterly profit on Tuesday and raised its 2019 profit forecast for the second time this year, helped by increased demand for its F-35 combat jets.

Reuters Business
Jul 23, 2019

Harley-Davidson cuts 2019 shipments guidance after sales slump
Harley-Davidson Inc on Tuesday trimmed guidance for shipments of its motorcycles in 2019 after worldwide sales in the second quarter slumped, hurt by higher tariff costs as well as weak demand in the United States.

Reuters Business
Jul 23, 2019

Alibaba welcomes U.S. small businesses to sell globally on its platform
Chinese e-commerce giant Alibaba Group Holdings Ltd will now allow small businesses in the United States to sell on Alibaba.com, the company said on Tuesday, an effort to tap into the business-to-business e-commerce market and fend off fierce competition from rivals like Amazon.com Inc .

Reuters Business
Jul 23, 2019

Futures rise after better-than-expected earnings
U.S. stock index futures inched higher on Tuesday lifted by a batch of largely upbeat earnings reports from companies including Coca-Cola and United Technologies, that soothed concerns over the pace of economic growth.

Reuters Business
Jul 23, 2019

Huawei first-half revenue up about 30% despite U.S. ban: Bloomberg
Huawei Technologies Co Ltd's revenue grew roughly 30% in the first half after select teams secured critical supplies to keep production going despite U.S. technology export restrictions, Bloomberg reported on Tuesday, citing people familiar with the matter.

Reuters Business
Jul 23, 2019

Oil slips to around $63 as Iran concerns fades for now
Oil slipped to around $63 a barrel on Tuesday as concerns faded for now that rising tensions in the Middle East would escalate and hit oil supplies, compounding the impact of a weaker demand outlook.

Reuters Business
Jul 23, 2019

Biogen profit rises 72% on multiple sclerosis therapy sales
Biogen Inc posted a 72% rise in quarterly profit and lifted its 2019 earnings forecast on Tuesday, boosted by higher sales of its top-selling multiple sclerosis therapy Tecfidera.

Reuters Business
Jul 23, 2019

Hasbro results beat on higher demand for 'Avengers: Endgame' toys
Toymaker Hasbro Inc beat estimates for quarterly results on Tuesday, boosted by higher demand for action toys following the success of "Avengers: Endgame" and Magic: The Gathering collectible card game.

Reuters Business
Jul 23, 2019

LG Display aims to diversify suppliers due to South Korea-Japan spat
LG Display Co Ltd on Tuesday said it is looking to diversify its supplier base in case a diplomatic spat sees Japan extend export curbs on display-making materials bound for South Korea.

Reuters Business
Jul 23, 2019

Carmakers drive Europe higher, Johnson batters sterling
A wave of central bank easing and positive soundings from the earnings season buoyed world stocks on Tuesday, while Britain's pound fell before the expected confirmation of hard-Brexit advocate Boris Johnson as the country's prime minister.

Reuters Business
Jul 23, 2019

Oil edges further above $63 on Mideast tensions
Oil edged further above $63 a barrel on Tuesday, supported by rising tensions in the Middle East after Iran's seizure of a British tanker last week, although signs of faltering demand capped gains.

Reuters Business
Jul 23, 2019

Top investors lose $1 billion as China's Nasdaq-style board reverses on day two
The biggest shareholders in China's new Nasdaq-style STAR Market lost a combined $1 billion in the second day of trade on Tuesday, a day after the board's roaring debut created three new billionaires.

Reuters Business
Jul 23, 2019

LG Display says to diversify suppliers due to South Korea-Japan spat
South Korea's LG Display Co Ltd said it is looking to diversify its supplier base as it prepares for expanded trading curbs from Japan on some display-making materials which threaten to impact the broader tech industry.

Reuters Business
Jul 23, 2019

Diversity helps UBS defy banking gloom with profit rise
UBS delivered its best second-quarter results in nearly a decade on Tuesday, as strength in Swiss retail and corporate banking helped to offset weakness in wealth management.

Reuters Business
Jul 23, 2019

China's BAIC buys 5% Daimler stake to cement alliance
China's Beijing Automotive Group Co Ltd (BAIC) has bought a 5% stake in Daimler , cementing its relationship with the German carmaker after China's Zhejiang Geely Holding emerged as a potential rival.

Reuters Business
Jul 23, 2019

Huawei head says group can sign 'no backdoor' deal with any country: Italy paper
Huawei Technologies, the Chinese technology and telecoms group under pressure from the United States, is ready to sign a "no backdoor" agreement with any country, its founder told an Italian newspaper on Tuesday.

Reuters Business
Jul 23, 2019

ECB, Fed rate cut hopes lift global stocks, sterling sags
Expectations that the European Central Bank and Federal Reserve will cut interest rates boosted stocks globally, while the pound sagged on worries that likely new prime minister Boris Johnson would lead Britain into a no-deal exit from the European Union.

Reuters Business
Jul 23, 2019

South Korea's LG Display posts deeper second quarter loss on TV panel supply glut
South Korea's LG Display Co Ltd on Tuesday posted a deeper second-quarter operating loss that missed analyst estimates, as a global supply glut pushed down prices of screens for television sets.

Reuters Business
Jul 23, 2019

Oil rises on Mideast tensions, glum demand outlook caps gains
Oil prices edged up on Tuesday on concerns about possible supply disruptions in the Middle East, but a weaker demand outlook kept a lid on gains, helped by a vow by the International Energy Agency (IEA) to keep global markets adequately supplied.

Reuters Business
Jul 23, 2019

China's BAIC buys 5% Daimler stake; Daimler welcomes investment
Beijing Automotive Group Co Ltd said on Tuesday that it had purchased a 5% stake in German luxury carmaker Daimler .

Reuters Business
Jul 23, 2019

Warren Buffett's charity lunch with cryptocurrency entrepreneur postponed
Cryptocurrency entrepreneur Justin Sun has postponed his $4.57 million charity lunch with Warren Buffett due to ill health, according to a tweet from Sun's TRON Foundation.

Reuters Business
Jul 23, 2019

ECB, Fed rate cut hopes lift stocks, sterling sags
Expectations that the European Central Bank and Federal Reserve will cut interest rates boosted stocks globally, while the pound sagged on worries that likely new prime minister Boris Johnson would lead Britain into a no-deal exit from the European Union.

Reuters Business
Jul 23, 2019

Power traders tackle renewables puzzle in Danish 'Silicon Valley'
Far from the sprawling financial hubs of London or Frankfurt, high-tech traders in the Danish university city of Aarhus are driving rapid change in European power markets, easing the shift to renewables with technology that also carries some risks.

Reuters Business
Jul 23, 2019

Oil creeps up as MidEast tensions flare, but gains capped by glum demand outlook
Oil prices edged higher on Tuesday amid lingering concerns about possible supply disruptions in the Middle East, but an overall weaker demand outlook kept a lid on gains, helped by a vow by the International Energy Agency (IEA) to take swift action to keep global oil markets adequately supplied.

Reuters Business
Jul 23, 2019

UBS posts surprise second quarter profit boost
UBS on Tuesday beat forecasts with a $1.4 billion net profit for its second quarter of 2019, as gains in its advisory business softened an investment banking fall and boosted its Swiss retail and corporate banking business.

Reuters Business
Jul 23, 2019

Oil inches up amid Middle East tensions; frail demand outlook caps gains
Oil prices edged higher on Tuesday amid lingering concerns about possible supply disruptions in the Middle East, but an overall weaker demand outlook kept a lid on gains, helped by a vow by the International Energy Agency (IEA) to take swift action to keep global oil markets adequately supplied.

Reuters Business
Jul 22, 2019

Hopes of ECB, Fed rate cuts boost global stocks, British pound sags
Expectations that the European Central Bank and Federal Reserve will cut interest rates boosted stocks globally, while the pound sagged on worries that likely new prime minister Boris Johnson would lead Britain into a no-deal exit from the European Union.

Reuters Business
Jul 22, 2019

Huawei's U.S. research arm slashes jobs as trade ban bites
China's Huawei Technologies laid off more than two-thirds of the 850-strong workforce at its Futurewei Technologies research arm in the United States, after being blacklisted by the government.

Reuters Business
Jul 22, 2019

Oil prices ease as traders weigh Middle East tensions, demand
Oil prices inched lower on Tuesday as the International Energy Agency (IEA) said it would act quickly if needed to keep the market supplied amid tensions in the Middle East and traders eyed a weaker demand outlook.

Reuters Business
Jul 22, 2019

U.S. farmers look past trade fears to cash in on China's hog crisis
It might seem an unlikely time for U.S. farmers to look to China for more business but the devastating impact of African swine fever on the Chinese pork industry is trumping concerns about trade wars and tariffs.

Reuters Business
Jul 22, 2019

Huawei's U.S. research arm slashes more than 70% of workforce
China's Huawei Technologies Co Ltd said it is slashing more than 600 jobs at its Futurewei Technologies research arm in the United States after being placed on a trade blacklist by the U.S. government.

Reuters Business
Jul 22, 2019

Easing hopes prop up global stocks, pound sags as Britain eyes new PM
Expectations of policy easing by major central banks such as the Federal Reserve propped up global stocks on Tuesday, while the pound sagged as Britain braced for a new prime minister who could pave the way for a no-deal exit from the European Union.

Reuters Business
Jul 22, 2019

Trump agrees to prompt responses to license requests for Huawei sales
President Donald Trump agreed at a meeting with the heads of top technology companies like Google on Monday to make "timely" decisions on requests by U.S. companies to sell to blacklisted Huawei Technologies Co Ltd, the White House said.

Reuters Business
Jul 22, 2019

LG Display to invest $2.6 billion in OLED panel plant in South Korea
LG Display said on Tuesday that it would invest 3 trillion won ($2.6 billion) in its organic light-emitting diode (OLED) panels production line in South Korea.

Reuters Business
Jul 22, 2019

Equifax consumers face uphill battle for claims
Consumers affected by the massive Equifax Inc data breach in 2017 will not reap any windfalls from the credit reporting company's $700 million U.S. settlement announced on Monday, but may face a cumbersome process to get compensation.

Reuters Business
Jul 22, 2019

Trump meets with tech CEOs on Huawei
U.S. President Donald Trump met on Monday with the chief executives of seven technology companies and he agreed with their request for timely licensing decisions from the Commerce Department on blacklisted Chinese firm Huawei Technologies, the White House said.

Reuters Business
Jul 22, 2019

AutoNation names new CEO, posts strong quarterly profit
AutoNation Inc , the largest U.S. auto dealership chain, on Monday named a new chief executive four months after picking someone else for the position, while posting a stronger-than-expected quarterly profit.

Reuters Business
Jul 22, 2019

Fitch, Moody's cut Boeing's debt outlook to 'negative' on 737 MAX problems
Fitch Ratings and Moody's lowered their outlooks for Boeing Co to "negative" from "stable" on Monday, citing delays in its 737 MAX jets' return to service.

Reuters Business
Jul 22, 2019

Philadelphia Energy Solutions shutting down remaining refinery units: source
Philadelphia Energy Solutions' 335,000 barrel-per-day (bpd) refinery began permanently shutting its remaining refinery units on Monday, said a source familiar with plant operations. The shutdown will finish in a few days.

Reuters Business
Jul 22, 2019

Shipping companies sue Philadelphia Energy Solutions for $600,000 in unpaid bills
Three Greek shipping companies sued U.S. refiner Philadelphia Energy Solutions Inc (PES) for about $600,000, claiming the company did not pay them for fees incurred by crude oil tankers chartered earlier this year, court documents showed.

Reuters Business
Jul 22, 2019

Ford to upgrade Chicago plant for SUVs, hire 450 workers
Ford Motor Co said on Monday it would invest $50 million upgrading a Chicago facility to partially assemble hybrid electric SUVs and vehicles for police use, creating 450 jobs.

Reuters Business
Jul 22, 2019

Halliburton profit exceeds analysts estimates as costs cut; shares rise
Halliburton Co on Monday reported a second-quarter profit that beat analysts' estimates as its largest oil-well services unit exceeded expectations, sending shares to their biggest one-day gain in nearly three years.

Reuters Business
Jul 22, 2019

Apple in advanced talks to buy Intel's smartphone-modem chip business: WSJ
Apple Inc is in advanced talks to buy chipmaker Intel Corp's smartphone-modem chip business, the Wall Street Journal reported on Monday, citing people familiar with the matter.

Reuters Business
Jul 22, 2019

Bunge and BP team up in Brazil bioenergy venture, create No. 3 sugarcane processor
U.S. commodities trader Bunge Ltd and British energy company BP Plc said on Monday they will merge their Brazilian sugar and ethanol operations to create the world's third-largest sugarcane processor.

Reuters Business
Jul 22, 2019

Oil prices strengthen more than 1% on Iran risk
Oil prices rose more than 1% on Monday, as investors worried about possible supply disruptions in the energy-rich Middle East after Iran's seizure of a British tanker last week.

Reuters Business
Jul 22, 2019

Whirlpool earnings beat estimates as higher prices offset tariff impact
Whirlpool Corp on Monday reported better-than-expected quarterly earnings and lifted its full-year profit forecast, as the appliance maker raised prices on its washing machines and kitchen appliances to offset higher production costs.

Reuters Business
Jul 22, 2019

Tech leads U.S. stocks higher; oil gains
U.S. stocks gained ground on Monday at the onset of a heavy earnings week, while European shares inched higher as investors took heart from potential progress in U.S.-China trade talks and increasing geopolitical tensions sent oil prices climbing.

Reuters Business
Jul 22, 2019

S&P 500 climbs toward record high, earnings in focus
The S&P 500 climbed toward a record high on Monday, supported by expectations of lower interest rates, while investors awaited quarterly earnings from marquee companies Facebook, Alphabet and Amazon later this week.

Reuters Business
Jul 22, 2019

Huawei's U.S. research arm sends workers packing
Futurewei Technologies Inc, the U.S. research arm of China's Huawei Technologies Co Ltd, began laying off workers on Monday, according to employees including one who spoke to Reuters as he left the company's Silicon Valley campus.

Reuters Business
Jul 22, 2019

Equifax's $700 million data breach settlement spurs criticism, calls for new rules
Credit-reporting company Equifax Inc will pay up to $700 million to settle claims it broke the law with a massive 2017 data breach and to repay harmed consumers, in a landmark settlement that could spur new consumer data rules.

Reuters Business
Jul 22, 2019

Trump expected to attend White House tech meeting where Huawei will be discussed: sources
U.S. President Donald Trump is expected to drop in on a Monday meeting of top technology companies, including the chief executives of Intel Corp and Broadcom Inc, held to discuss blacklisted Huawei Technologies Co Ltd and other topics, two people briefed on the matter said.

Reuters Business
Jul 22, 2019

Blackstone weighs Cheniere Energy Partners stake sale: Bloomberg
Blackstone Group Inc is considering selling its stake in LNG producer Cheniere Energy Inc's limited partnership seven years after investing about $1.5 billion, Bloomberg reported on Monday, citing people familiar with the matter.

Reuters Business
Jul 22, 2019

Lloyds and Standard Life Aberdeen to settle 100 billion sterling funds row: Sky News
Lloyds Banking? Group PLC will pay about 140 million pounds ($174.72 million) to Standard Life Aberdeen PLC (SLA) to settle a legal fight over the future of a 100 billion pound asset management mandate, Sky news reported on Monday.

Reuters Business
Jul 22, 2019

Facebook, Amazon and Alphabet take center stage on Wall Street
The so-called FANG stocks take center stage on Wall Street this week, with Amazon , Alphabet and Facebook set to report as the S&P 500 approaches a record high.

Reuters Business
Jul 22, 2019

Huawei executive says 'concerned' about Canadians held in China
The Canadian unit of China's Huawei Technologies Co Ltd sought to distance itself from the actions of the Chinese government on Monday, with a top local executive saying the company is worried about two Canadian men being held by Beijing.

Reuters Business
Jul 22, 2019

S&P 500 climbs toward record, marquee reports in focus
The S&P 500 climbed toward a record high on Monday, supported by expectations of lower interest rates, while investors awaited quarterly earnings from marquee companies Facebook, Alphabet and Amazon later this week.

Reuters Business
Jul 22, 2019

Equifax's $700 million data breach settlement spurs calls for new rules
Credit-reporting company Equifax Inc will pay up to $700 million to settle claims it broke the law with a massive 2017 data breach and to repay harmed consumers, in a landmark settlement that could spur new consumer data rules.

Reuters Business
Jul 22, 2019

FTC to announce $5 billion settlement with Facebook as early as this week: sources
The U.S. Federal Trade Commission is expected to announce a roughly $5 billion settlement with Facebook Inc as early as this week of its investigation into the social media company's handling of user data, two sources briefed on the matter said on Monday.

Reuters Business
Jul 22, 2019

U.S. stocks led higher by tech on trade optimism; oil rises
U.S. stocks advanced on Monday at the onset of a heavy earnings week, while European shares inched higher as investors took heart from potential progress in U.S.-China trade talks and increasing geopolitical tensions sent oil prices higher.

Reuters Business
Jul 22, 2019

Huawei's U.S. research arm laying off workers
The U.S.-based research arm of China's Huawei Technologies Co Ltd - Futurewei Technologies Inc - announced worker layoffs on Monday, according to two Futurewei employees.

Reuters Business
Jul 22, 2019

Factbox: Biggest U.S. data breach settlements before Equifax
The U.S. Federal Trade Commission announced on Monday that Equifax Inc. will pay up to $700 million for a data breach that exposed millions of consumers' personal information.

Reuters Business
Jul 22, 2019

Wall Street edges higher ahead of major earnings, central bank meetings
U.S. stocks eked out small gains on Monday as investors were wary of making big bets ahead of key central bank meetings on interest rates and waited for earnings from marquee companies including Facebook and Amazon due later this week.

Reuters Business
Jul 22, 2019

Trump expected to drop in on White House tech meeting with Broadcom, Intel CEOs: sources
U.S. President Donald Trump is expected to drop in on a Monday meeting of top technology companies, including the CEOs of Intel Corp and Broadcom Inc, to discuss blacklisted Huawei Technologies Co Ltd and other topics, two people briefed on the matter said.

Reuters Business
Jul 22, 2019

Trump: 'We will have to find out' about Huawei's relationship with North Korea
Asked about a media report that said Huawei Technologies Co Ltd [HWT.UL] had secretly built and maintained North Korea's commercial wireless network, U.S. President Donald Trump said on Monday, "We will have to find out."

Reuters Business
Jul 22, 2019

Philadelphia Energy Solutions seen selling RIN credits in months before bankruptcy: sources
Philadelphia Energy Solutions has been seen selling biofuel credits, called Renewable Identification Numbers (RINs), in the months leading up to filing for Chapter 11 bankruptcy protection, market sources said.

Reuters Business
Jul 22, 2019

Wall Street mixed ahead of major earnings, key central bank meetings
The S&P 500 index pared early gains to tread water on Monday, as investors awaited key central bank meetings for direction on the path of interest rates and earnings from marquee names including Facebook and Amazon that are set to report this week.

Reuters Business
Jul 22, 2019

Fitch cuts Boeing's debt outlook to 'negative' on 737 MAX problems
Fitch Ratings lowered its debt outlook for Boeing Co to "negative" from "stable" on Monday, citing regulatory uncertainty around the timing of its 737 MAX jets' return to service.

Reuters Business
Jul 22, 2019

Halliburton profit beats as company cuts cost; shares rise
Halliburton Co on Monday beat analysts' estimates for second-quarter profit as its largest oil-well services unit exceeded expectations, putting the company's shares on track for the biggest one-day gain in nearly three years.

Reuters Business
Jul 22, 2019

BP says biofuel to add to rather than replace gasoline in Brazil
BP does not expect supply from additional biofuel capacity in Brazil - where it is combining its unit with U.S. grain trader Bunge's - to replace diesel and gasoline demand, BP's head of Alternative Energy, Dev Sanyal, told Reuters.

Reuters Business
Jul 22, 2019

Bunge and BP team up for Brazil sugar and ethanol venture
U.S. commodities trader Bunge Ltd and British energy company BP Plc said on Monday they will merge their Brazilian sugar and ethanol operations to create the world's third-largest sugarcane processor.

Reuters Business
Jul 22, 2019

Equifax to pay $700 million over 2017 data breach, compensate consumers
Credit-reporting company Equifax Inc will pay up to $700 million to settle U.S. federal and state probes into a massive 2017 data breach of personal information that affected around 147 million consumers, authorities said on Monday.

Reuters Business
Jul 22, 2019

U.S. stocks gain ground on trade optimism; oil climbs
U.S. stocks advanced on Monday at the start of a heavy earnings week, while European shares overall were little changed, as investors took heart from potential progress in U.S.-China trade talks and escalating geopolitical tensions sent oil prices higher.

Reuters Business
Jul 22, 2019

Microsoft to pay criminal fine to settle U.S. anti-bribery charges
Microsoft Corp agreed to pay about $25.3 million, including an $8.75 million criminal fine, to settle U.S. charges it violated a federal anti-bribery law by making improper payments to government officials in Hungary and other countries.

Reuters Business
Jul 22, 2019

Philadelphia Energy Solutions files for bankruptcy after refinery fire
Philadelphia Energy Solutions (PES) filed for Chapter 11 bankruptcy protection, the company said on Monday, its second such filing in less than two years, after a fire last month prompted it to close the largest refinery on the U.S. East Coast.

Reuters Business
Jul 22, 2019

Fitch cuts outlook to 'negative' for Boeing on 737 MAX problems
Fitch Ratings lowered its outlook for Boeing Co to "negative" from "stable" on Monday, citing regulatory uncertainty around the timing of its 737 MAX jets' return to service.

Reuters Business
Jul 22, 2019

Toshiba Memory sees 'good chance' of M&A in push for data center business
Japan's Toshiba Memory said there was a "good chance" of acquisitions as it pushes to increase its share of the market for advanced storage products used in data centers.

Reuters Business
Jul 22, 2019

Microsoft settles U.S. charges it violated anti-bribery law, accepts criminal fine: SEC
Microsoft Corp agreed to pay more than $25 million, including an $8.75 million criminal fine imposed on its Microsoft Hungary unit, to settle U.S. charges it violated a federal anti-bribery law, the U.S. Securities and Exchange Commission said on Monday.

Reuters Business
Jul 22, 2019

Wall Street gains as earnings season gathers steam
U.S. stocks rose on Monday, lifted by technology companies, as investors eyed fresh U.S.-China trade developments during a busy week of corporate earnings with results from marquee names including Facebook and Amazon on tap.

Reuters Business
Jul 22, 2019

Halliburton profit beats as company cuts cost; shares surge
Halliburton Co on Monday beat analysts' estimates for second-quarter profit as its Completions and Production unit outperformed expectations, pushing its shares up 6.8 percent in early trading.

Reuters Business
Jul 22, 2019

Equifax to pay up to $700 million in U.S. data breach settlement
Credit-reporting company Equifax Inc will pay up to $700 million to settle U.S. federal and state probes into a massive 2017 data breach of personal information that affected around 147 million consumers, authorities said on Monday.

Reuters Business
Jul 22, 2019

Wall Street opens higher in crucial earnings week
U.S. stocks opened higher on Monday, led by technology stocks, as investors eyed fresh trade developments between the United States and China in a busy week of corporate earnings, which include reports from Facebook and Amazon.

Reuters Business
Jul 22, 2019

Microsoft to invest $1 billion in OpenAI
Microsoft Corp said on Monday it was investing $1 billion in San Francisco-based OpenAI and that the two had formed a multi-year partnership to develop artificial intelligence supercomputing technologies on Microsoft's Azure cloud computing service.

Reuters Business
Jul 22, 2019

Huawei secretly helped North Korea build, maintain wireless network: Washington Post
Huawei Technologies Co Ltd [HWT.UL], the Chinese company put on a U.S. black list because of national security concerns, secretly helped North Korea build and maintain its commercial wireless network, the Washington Post reported on Monday, citing sources and internal documents.

Reuters Business
Jul 22, 2019

Wall St. set to open higher as earnings season gathers steam
Wall Street's main indexes were set to open higher on Monday as investors eyed fresh trade developments between the United States and China during a busy week of corporate earnings, with results from marquee names including Facebook and Amazon on tap.

Reuters Business
Jul 22, 2019

Oil prices rise more than 1% after Iran seizes British tanker
Oil prices rose on Monday on concerns that Iran's seizure of a British tanker last week may lead to supply disruptions in the energy-rich Gulf.

Reuters Business
Jul 22, 2019

Halliburton profit beats on international demand for oilfield services
Halliburton Co on Monday beat analysts' estimates for second-quarter profit, as higher international demand for its oilfield services cushioned weakness in North America, its largest market.

Reuters Business
Jul 22, 2019

Stocks struggle, oil jumps on Middle East tensions
European stocks lingered on Monday, hamstrung by dialled-down expectations for a larger U.S. rate cut this month, while escalating tensions in the Middle East boosted oil prices and rising fears for a no-deal Brexit haunted the pound.

Reuters Business
Jul 22, 2019

Equifax to pay up to $650 million in data breach settlement
Credit-reporting company Equifax Inc will pay up to a record $650 million to settle U.S. federal and state probes into a massive 2017 data breach of personal information, authorities said on Monday.

Reuters Business
Jul 22, 2019

Starbucks' China rival Luckin Coffee plans first foray overseas
Starbucks' Chinese challenger, Luckin Coffee , plans to open coffee shops in the Middle East and India, in its first move overseas.

Reuters Business
Jul 22, 2019

Futures edge higher ahead of bumper earnings week
U.S. stock index futures rose slightly on Monday as investors geared up for a busy week of corporate earnings, with results from major companies including Facebook and Amazon on tap.

Reuters Business
Jul 22, 2019

Oil prices jump after Iran seizes British tanker
Oil prices rose sharply on Monday on concerns that Iran's seizure of a British tanker last week may lead to supply disruptions in the energy-rich Gulf.

Reuters Business
Jul 22, 2019

Halliburton profit plunges 85% on impairment, severance charges
Halliburton Co reported an 85.3% slump in quarterly profit on Monday, hurt by asset impairment and severance charge as the oilfield services provider continued to cut costs in the face of weak oil prices.

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