Thursday, 6 June 2019

Three states join AG group probing planned merger of Sprint and T-Mobile

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Three states join AG group probing planned merger of Sprint and T-Mobile

The attorneys general of Arizona, Michigan and Pennsylvania have joined a group of states probing T-Mobile's plan to buy rival Sprint for $26 billion, which is believed to be nearing the end of a regulatory review.

Wall Street rises with hopes of Mexican tariffs delay

Wall Street's main indexes closed higher after a choppy session on Thursday as investors grew more optimistic on trade after reports that the United States is considering a delay in imposing tariffs on Mexican imports.

Huawei CFO to challenge extradition in hearing set for Jan 2020: company

Lawyers for Huawei Chief Financial Officer Meng Wanzhou will bring a motion to challenge her extradition to the United States in January 2020, the company said in a statement on Thursday after her legal team appeared in a Canadian court to set future court dates.

Beyond Meat sees sales doubling in 2019, shares rise 16%

Plant-based burger maker Beyond Meat Inc on Thursday reported quarterly revenue above analysts' estimates in its first results since going public, and said it expects to double its sales this year.

AIG to reach out to shareholders over executive pay: CEO

American International Group Inc Chief Executive Officer Brian Duperreault said on Thursday the insurer is reaching out to shareholders, per its usual custom, who last month gave his $21 million compensation only narrow approval.

Former HP boss Whitman says 'not protecting herself' in Autonomy fraud allegation

Former Hewlett-Packard boss Meg Whitman denied on Thursday she was trying to protect her own reputation when she accused the leaders of Autonomy, the British software firm HP acquired in 2011, of a fraud that inflated its value by $5 billion.

Amazon's Bezos says robotic hands will be ready for commercial use in next 10 years

Amazon.com Inc Chief Executive Jeff Bezos said on Thursday he expects there will be commercial robots in the next 10 years that can grasp items as reliably as humans, a development that could lead to the automation of warehouse jobs around the world.

U.S. pushes Mexico for more in talks over tariffs and border

Mexican and U.S. officials resumed talks on trade and migration on Thursday, with the Trump administration resisting calls from U.S. businesses and some Republican lawmakers to ease up on a plan to impose import tariffs on its southern neighbor.

Prosecutors suspect 70 Deutsche Bank managers in dividend tax probe: paper

German prosecutors have extended an investigation into a tax-stripping scheme, with around 70 current and former executives of Deutsche Bank now being treated as suspects, the Sueddeutsche Zeitung reported on Thursday.

U.S. mulls delaying threatened tariffs on Mexican products: Bloomberg

The United States is considering delaying the imposition of tariffs on Mexican products that President Donald Trump has threatened to put in place on Monday to allow for more time for talks between the two nations, Bloomberg News reported on Thursday, citing unidentified people familiar with the matter.

Exclusive: FedEx to hire 700 flexible rural and residential drivers

FedEx Corp said it plans to hire about 700 flexible, part-time Express drivers in 160 U.S. residential and rural markets as customer-turned-competitor Amazon.com Inc puts pressure on established delivery firms.

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