Friday, 14 June 2019

Wall Street ends down; Broadcom warning hits chip stocks

Reuters.com Newsletter

Wall Street ends down; Broadcom warning hits chip stocks

U.S. stocks ended lower on Friday as investors were cautious going into next week's Federal Reserve meeting, while a warning from Broadcom of a broad weakening in global demand weighed on chipmakers and added to U.S.-China trade worries.

Global stocks dip as Fed meeting looms, oil climbs on geopolitical fears

U.S. stocks ended nominally lower on Friday as investors awaited next week's Federal Reserve meeting for signs of imminent easing, while the U.S.-Iran confrontation in the Gulf of Oman added to geopolitical uncertainty, sending oil prices higher.

Papa John's drops KPMG as its auditor, hires EY

Papa John's International Inc has appointed Ernst & Young LLP as its auditor for fiscal year ending December 2019 after dropping KPMG LLP, the company said in a regulatory filing on Friday.

Perdue Foods enters crowded plant-based alternative meat market

Perdue Foods, one of America's largest chicken producers, said it will sell frozen chicken nuggets mixed with cauliflower, chickpeas and plant protein to address a growing demand for products combining meat and vegetables.

Mexico ready to retaliate if U.S. imposes tariffs: minister

Mexico will be ready to retaliate in kind if the U.S. government imposes tariffs on Mexican exports to the United States, Mexican Economy Minister Graciela Marquez said on Friday.

Bumble owner to spend $100 million on dating apps

The owner of dating app Bumble said on Friday it would revamp its holding structure and spend $100 million, as it looks to better compete with Match Group's Tinder.

Italy's industry ministry open to any discussions on Alitalia, including with Atlantia

Italy's industry ministry is open to discussions with any investor interested in the rescue of troubled carrier Alitalia, including infrastructure group Atlantia, two sources with knowledge of the matter said on Friday.

Exclusive: Mexico blamed Walmart's size, access to rivals' data in blocking app deal

Mexican officials blocked Walmart Inc's deal to buy delivery app Cornershop because Walmart could not guarantee a level playing field for rival retailers, whose customers use the app to order groceries and other goods, according to an official document and an interview with the top competition regulator this week.

Bombardier opening new California rail-car assembly site

Canada's Bombardier is opening a new facility in California that will assemble rail cars for San Francisco's rapid transit system by year's end, and potentially serve other West Coast rail projects.

Airbus urges UTC not to be distracted by Raytheon deal

Airbus said on Friday it had urged United Technologies to "keep its eye on the ball" in its role as a commercial aerospace supplier as it moves toward a planned merger with U.S. defense contractor Raytheon.

Dish execs met with DOJ, FCC on T-Mobile, Sprint merger

Dish Network Corp executives met this week with the U.S. Justice Department's antitrust chief Makan Delrahim and Federal Communications Commission chairman Ajit Pai on the government's review of the proposed $26.5 billion tie-up of wireless carriers T-Mobile USA and Sprint Corp.

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