Tuesday, 20 February 2018

Dow, S&P snap winning streak as Walmart weighs

Dow, S&P snap winning streak as Walmart weighs

NEW YORK (Reuters) - The Dow and S&P 500 fell on Tuesday to snap a six-session winning streak as a sharp decline in Walmart weighed heavily, but gains in Amazon and chip stocks helped the Nasdaq hold near the unchanged mark.

Steven Cohen loses bid to seal lawsuit alleging sexism at Point72

NEW YORK (Reuters) - A U.S. judge on Tuesday rejected billionaire investor Steven A. Cohen's request to temporarily seal a lawsuit accusing his hedge fund firm Point72 Asset Management LP of sexism toward women.

Qualcomm deals blow to Broadcom's bid with sweetened NXP deal

(Reuters) - U.S. semiconductor company Qualcomm Inc on Tuesday unveiled a sweetened $44 billion agreement to acquire NXP Semiconductors NV , its most defiant move in its defense against a hostile $121 billion bid from Broadcom Ltd .

Walmart holiday-quarter profit drops, online struggles spook investors

NEW YORK (Reuters) - Walmart Inc , the world's biggest retailer, on Tuesday posted a sharp drop in profit and online sales growth during the critical holiday period and forecast annual profit at the lower end of expectations.

Judge denies AT&T access to White House correspondence on Time Warner deal

WASHINGTON (Reuters) - A federal judge on Tuesday denied AT&T Inc's request to see White House communications that might shed light on whether U.S. President Donald Trump pressured the Department of Justice to try to block the wireless carrier's purchase of Time Warner Inc .

VW bid to delay first U.S. diesel emissions trial rejected

FAIRFAX, Va. (Reuters) - A Virginia state court judge on Tuesday rejected a request by the U.S. unit of Volkswagen AG to delay several of the company's trials over excess emissions because of "inflammatory" comments made by a lawyer representing car owners that it fears will prejudice the jury.

Albertsons to buy Rite Aid as Amazon threat looms

(Reuters) - U.S. grocer Albertsons Cos Inc said it would buy drug store chain Rite Aid Corp to create a company with $83 billion in annual revenue, giving it more clout to compete with bigger chains in an industry fearing the entry of Amazon.Com .

Thomson Reuters says CEO Jim Smith to make full recovery after arrhythmia incident

TORONTO (Reuters) - Thomson Reuters Corp said on Tuesday Chief Executive Officer Jim Smith is in stable condition after an arrhythmia incident on Feb. 12 and is expected to be released from hospital within the next two weeks.

Audi CEO rejects speculation about his future

BERLIN (Reuters) - Audi Chief Executive Rupert Stadler has rejected suggestions he is about to be ousted and believes he has the support of parent company Volkswagen , a German newspaper reported on Tuesday.

Qatar says may switch part of A350 order to biggest model

TOULOUSE, France (Reuters) - Airbus got a boost for its largest twin-engined jet on Tuesday when Qatar Airways said it was considering upgrading some of its A350 orders to the largest model as it took delivery of the first such plane.

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