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Mon, Oct 14, 2019
1:04 pmWhat to watch in third quarter earnings from U.S. companies
U.S. companies are preparing to report third-quarter results following a rocky few months in which they grappled with a U.S.-China trade conflict undermining the business environment and an overall economy that has been showing signs of struggling.
12:57 amFacebook's Libra faces support test after payment giants jump ship
Facebook's Libra cryptocurrency faces a pivotal meeting of backers on Monday, days after the ambitious project to bring digital coins into mainstream commerce suffered a severe setback when major payment firms quit.
12:56 amFactbox: Facebook's Libra in trouble as firms jump ship
A number of payment processors and fintech companies that joined Facebook Inc's digital currency project Libra with great fanfare earlier this year, have abandoned the project, dealing a blow to the social media giant's plans.
12:55 amWTO clears U.S. to target EU goods with tariffs over Airbus
The World Trade Organization (WTO) formally authorized the United States on Monday to impose tariffs on up to $7.5 billion of imports of EU goods after an arbitrator's decision over subsidies to planemaker Airbus .
12:51 amStocks meander on caution over trade talks, dollar gains
The U.S. dollar gained on Monday as initial optimism ebbed over a potential U.S.-China trade deal that President Donald Trump outlined last week, but a gauge of global equity markets was little changed as investors sought details.
12:44 amUber launches boat service in Nigeria's megacity Lagos
Global ride-hailing firm Uber Technologies Inc [UBER.UL] on Friday launched a pilot test of a boat service in Nigeria's commercial capital Lagos to attract commuters seeking to avoid the megacity's notoriously congested roads.
12:32 amUAW boosts strike pay as GM walkout continues
(This Oct. 12 story corrects paragraph 7 to show details of contract offer were posted on an ABC-TV affiliate Facebook page by a commenter, not by the station itself)
12:10 amBrazil airline Azul eyes partnership with United, Avianca, Copa
Brazil airline Azul SA said on Monday that it is in discussions to join a planned partnership with United Airlines , Avianca Holdings and Copa Holdings for flights between the United States and Latin America.
11:40 amWall St. flat as U.S.-China trade deal optimism fades
U.S. stocks halted a three-day winning streak on Monday, as oil prices dived 2% and rising doubts over how quickly a partial U.S.-China trade deal announced on Friday could be sealed.
10:58 amOil falls due to caution over first phase of U.S.-China trade deal
Oil prices fell more than 2% on Monday as scant details about the first phase of a trade deal between the United States and China undercut optimism over a U.S.-Sino thaw that had helped lift crude markets by 2% at the end of last week.
10:52 amBuyout firm Thoma Bravo adds Sophos to its cybersecurity chest with $3.8 billion deal
U.S. private equity firm Thoma Bravo is adding Sophos Group to its cybersecurity stable, announcing on Monday a buyout deal that values the British maker of antivirus and encryption products at about $3.8 billion.
10:10 amAre U.S.-Chinese tariffs on almost everything the 'new normal'?
U.S. President Donald Trump called his Phase 1 trade deal with China "by far, the greatest and biggest deal ever made," even though nothing was agreed on paper, and most of the tariffs set upon Chinese goods remain in place.
9:04 amChina September exports, imports in deeper contraction as tariffs take toll
A slide in China's exports picked up pace in September while imports contracted for a fifth straight month, pointing to further weakness in the economy and underlining the need for more stimulus as the Sino-U.S. trade war drags on.
9:00 amChina September iron ore imports surge to 20-month high on firm demand
China's iron ore imports rose for a third straight month in September to a 20-month high, according to customs data released on Monday, fueled by firm demand at steel mills and stable shipments from big miners.
8:59 amChina will use counter-cyclical adjustments to manage economy: Premier Li
Downward pressure on China's economy is increasing and the government will make good use of counter-cyclical adjustments to keep economic operations within reasonable range, state television quoted premier Li Keqiang as saying.
8:13 amSempra Energy to sell Chilean businesses for $2.23 billion to China's State Grid
U.S. power company Sempra Energy said on Monday it would sell is Chilean businesses to China's State Grid International Development Limited for $2.23 billion in cash.
8:04 amSoftBank seeks control of WeWork through financing package: source
SoftBank Group Corp. has prepared a financing package for WeWork Companies Inc that would give it control over the shared office space company, a person familiar with the matter said.
8:03 amWeWork opens new sites at breakneck speed despite cash-burn concerns
WeWork has opened almost as many new locations in the last 3-1/2 months as it did in the whole first half of this year, likely accelerating the speed with which the office-sharing company is burning through cash as increasingly hard-nosed investors scrutinize its prospects for going public.
8:02 amSuperdry entrusts Dunkerton with turning around fashion firm he founded
Superdry put its faith in Julian Dunkerton to get the British fashion group back on track on Monday, confirming him as chief executive until 2021, after the co-founder returned in a boardroom coup earlier this year.
7:10 amLiberty Global backs Sunrise deal to tune of $500 million
Liberty Global has offered a 500 million Swiss franc ($501.45 million) sweetener to rescue the sale of its Swiss cable and TV business to Sunrise Communications but a key Sunrise shareholder said it remained opposed to the deal.
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