Wednesday, 8 May 2019

Huawei CFO to seek extradition stay citing Trump comments

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Huawei CFO to seek extradition stay citing Trump comments

Huawei's chief financial officer intends to seek a stay on extradition proceedings in part based on statements by President Donald Trump about the case, which her lawyers say disqualifies the United States from pursuing the matter in Canada.

Under pressure from Trump, GM in talks to sell idled Ohio plant

Under pressure from President Donald Trump, General Motors Co said on Wednesday it was in talks to sell an idled northeast Ohio plant to a cash-strapped electric truck-building company.

Parks push Disney earnings past Wall Street estimates

Walt Disney Co's theme parks lifted quarterly earnings past Wall Street targets on Wednesday, helping offset big investments to support the media and entertainment company's bid to draw audiences to streaming media.

Automakers expect White House to delay decision on auto tariffs: sources

Automakers expect U.S. President Donald Trump to delay a decision due next week on whether to impose steep tariffs on imported cars and auto parts on national security grounds for up to six months as talks continue with the European Union and Japan.

Intel shares sink as executives give three-year outlook

Intel Corp shares declined 2.5 percent after executives gave their three-year outlook at an investor day on the company's Santa Clara, California campus.

Wall St. falls as investors cautious on trade; Intel slides

The benchmark S&P 500 fell on Wednesday for the third day in a row as investors remained cautious about the latest developments on U.S.-China trade talks even after hopeful comments from the White House regarding an eventual agreement.

Exclusive: China backtracked on almost all aspects of U.S. trade deal - sources

The diplomatic cable from Beijing arrived in Washington late on Friday night, with systematic edits to a nearly 150-page draft trade agreement that would blow up months of negotiations between the world's two largest economies, according to three U.S. government sources and three private sector sources briefed on the talks.

Uber drivers go on strike in London and New York ahead of IPO, early protests sparse

Uber drivers in London and New York started a series of multi-city strikes on Wednesday to protest the disparity between gig-economy conditions and the sums that investors are likely to make in Friday's blockbuster stock market debut.

Google debuts privacy controls, principles at I/O event

Alphabet Inc's Google business on Tuesday announced new privacy controls for its services, including "Incognito mode" for Google Maps, and published new privacy commitments for its hardware, showing how increased public scrutiny is forcing greater transparency in Silicon Valley.

Lyft shares hit record low, piling pressure on Uber ahead of IPO

Lyft Inc's stock slumped nearly 11% on Wednesday to a record low after the ride-hailing company posted a deep quarterly loss, putting pressure on Uber Technologies Inc as it prepares to price its initial public offering.

Jet Airways pilots' union asks India's top court to direct lender to release funds

Jet Airways' pilots' union has appealed to India's top court to direct State Bank Of India (SBI) to release interim funding to try to revive the grounded airline, according to a court filing made on Tuesday which was reviewed by Reuters.

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