Friday, 1 March 2019

Intellia CEO not involved in Starboard's Bristol-Myers board challenge

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Intellia CEO not involved in Starboard's Bristol-Myers board challenge

Intellia Therapeutics Inc Chief Executive John Leonard, who U.S. drug maker Bristol-Myers Squibb Co said last week was nominated by hedge fund Starboard Value LP to sit on its board, is not affiliated with the effort, an Intellia spokeswoman said on Thursday.

U.S. holds major oil and gas lease sale in sage grouse habitat

The U.S. government kicked off a major sale of oil and gas leases in Wyoming this week after rejecting protests over lands on offer that are considered critical areas for wildlife.

Wall Street rises as trade optimism counters weak data

The S&P 500 and the Dow Jones Industrial Average snapped a three-day run of losses on Friday as optimism about the prospects for a U.S.-China trade agreement countered downbeat U.S. and China manufacturing data.

Tesla enters uncharted territory after move to dismantle store network

Tesla Inc's move to dismantle its network of high-end showrooms as part of a plan to launch the long-awaited cheaper version of its Model 3 sedan has pushed the electric carmaker into uncharted territory for an industry that has long relied on physical stores to move the metal.

Global shares rise on trade optimism, tame inflation

World equity markets rose on Friday as optimism around trade and benign U.S. inflation boosted investor sentiment, while crude oil retreated on news of weaker U.S. factory activity.

Lyft's IPO filing shows surging revenue, widening losses

Lyft Inc inched closer to becoming the first ride-hailing company to make a stock market debut by releasing its filing for an initial public offering on Friday, revealing to the public a detailed look at its financial performance.

Amazon plans new grocery-store business: WSJ

Amazon.com Inc plans to open dozens of grocery stores across the United States as it looks to expand in the food business, the Wall Street Journal reported on Friday, citing people familiar with the matter.

U.S. trade chief courts auto union to back North American trade pact

U.S. Trade Representative Robert Lighthizer and his staff will head to Michigan next week to meet with United Auto Workers union leaders in an effort to win labor backing for a new North American free trade deal, the union said on Friday.

U.S. consumer spending, factory data point to weak first quarter GDP growth

U.S. personal income fell for the first time in more than three years in January and consumer spending dropped by the most since 2009 in December, putting the economy on a weak growth path early in the first quarter.

U.S. auto sales fall in February on weak SUV demand

Automakers on Friday reported a decline in U.S. light vehicle sales for February as demand for SUVs slows after years of rapid growth, pointing to a drop in overall sales in 2019.

Canada approves extradition proceedings against Huawei executive

The Canadian government cleared the way on Friday for extradition proceedings against the chief financial officer of Huawei Technologies Co Ltd, who faces charges in the United States.

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