Thursday 6 December 2018

Sears Chairman Lampert makes $4.6 billion bid for bankrupt retailer

Sears Chairman Lampert makes $4.6 billion bid for bankrupt retailer

Sears Holdings Corp Chairman Eddie Lampert's ESL Investments Inc has made an offer valued at $4.6 billion to buy the bankrupt U.S. retailer, one of the only options that would prevent the department store chain from shutting its doors for good.

Ride-hail firm Lyft races to leave Uber behind in IPO chase

Ride-hailing company Lyft Inc beat bigger rival Uber Technologies in filing for an initial public offering (IPO) on Thursday, defying the market jitters that threaten to upset a string of technology unicorns from going public next year.

Broadcom earnings beat on strong demand for enterprise storage products

Broadcom Inc on Thursday reported fourth-quarter revenue and profit above analysts' estimates, driven by strong demand for its enterprise storage and networking products, sending its shares up 6 percent in extended trading.

S&P 500, Dow slip on trade worries, but end off of lows

The S&P 500 and Dow industrials ended slightly negative but well above their session lows in volatile trading on Thursday as the arrest of a Chinese technology executive fanned fears of U.S-China tensions over trade, while some beaten-up big technology and internet shares posted gains.

Bombardier expects higher business jet deliveries to fuel turnaround

Bombardier Inc said on Thursday it expects to deliver 150 to 155 business aircraft next year, helping the Canadian plane and trainmaker meet an $18 billion revenue target for 2019.

Explainer: What is China's Huawei Technologies and why is it controversial?

The arrest in Canada of Meng Wanzhou, a top executive at China's Huawei Technologies Co Ltd and daughter of the founder and CEO, jolted the global business community on Thursday and raised fears that a truce in the U.S.-China trade war could come to a swift end.

Explainer: How does extradition to the U.S. work?

The arrest in Canada of a top Chinese technology executive for possible extradition to the United States has roiled markets and cast doubt on a recent U.S.-China trade truce.

Boeing CEO says hopeful U.S.-China on course to resolve trade dispute

Boeing Co Chief Executive Officer Dennis Muilenburg said on Thursday he is hopeful that China and the U.S. are on a path to resolve their trade spat, on a day when global stocks fell on renewed fears of a trade war between the world's two largest economies.

Exclusive: U.S. probe of China's Huawei includes bank fraud accusations: sources

Chinese telecoms giant Huawei Technologies Co Ltd's chief financial officer was arrested as part of a U.S. investigation of an alleged scheme to use the global banking system to evade U.S. sanctions against Iran, according to people familiar with the probe.

Canada PM says government played no role in Huawei executive's arrest

Canadian Prime Minister Justin Trudeau on Thursday said his government had no involvement in the arrest of a top executive from Chinese technology giant Huawei, who was detained at Vancouver airport.

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