Thursday, 13 February 2020

Daily Investor Update: FTC antitrust victory on Qualcomm questioned by appeals court

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FTC antitrust victory on Qualcomm questioned by appeals court

The U.S. government's antitrust victory over chip supplier Qualcomm Inc drew tough questions for the Federal Trade Commision from a panel of three appellate judges in San Francisco on Thursday.

Fire damage at Exxon's second largest U.S. refinery leaves restart uncertain: sources

Exxon Mobil Corp does not have a timeline for restarting fuel-producing units at its second-largest U.S. refinery following a fire Wednesday that cut production, sources said, as the shutdown boosted gasoline prices on Thursday.

Judge grants Amazon bid to pause Microsoft's Pentagon contract work

A U.S. judge on Thursday granted Amazon.com Inc's request to temporarily halt the U.S. Department of Defense and Microsoft Corp from moving forward on an up-to-$10 billion cloud computing deal.

Barclays chief Staley probed over Epstein ties

Britain's financial regulators are probing links between Barclays Chief Executive Jes Staley and the U.S. financier Jeffrey Epstein, who killed himself while awaiting trial on sex trafficking charges, after the Financial Times reported on a trove of emails between the two on Thursday.

Oil prices climb on prospects for deeper OPEC+ output cuts

Oil prices edged higher on Thursday as investors hoped the world's biggest producers would cut output more while they largely shrugged off forecasts of slumping demand due to the coronavirus outbreak in top oil importer China.

Jump in coronavirus cases halts stock rally; dollar gains

The dollar rose and global equity markets slumped on Thursday after a new methodology that boosted the death toll in China from the coronavirus unnerved investors, putting the brakes on a rally that had lifted U.S. and European stocks to record peaks.

Southwest extends 737 MAX flight cancellations through early August

Southwest Airlines on Thursday extended its cancellation of 737 MAX flights through early August as the grounding of the Boeing Co jet continued and threatened to impact nearly all of the busy U.S. summer travel season.

Prosecutors challenge antitrust approval of Boeing-Embraer tie-up

Brazilian prosecutors have filed an appeal with antitrust agency Cade asking the regulator to reconsider its approval of a deal selling control of Embraer SA's commercial aviation division to Boeing Co, according to public filings.

Google seals takeover of Looker after UK green light

Alphabet Inc-owned Google said on Thursday it has completed its $2.6 billion buyout of privately held big-data analytics firm Looker Data Sciences after winning clearance from Britain's competition watchdog.

Trump Fed nominee Shelton hits bipartisan skepticism in Senate hearing

Federal Reserve board nominee Judy Shelton faced deep skepticism from Republicans and Democrats on the Senate Banking Committee on Thursday, as lawmakers challenged her independence from President Donald Trump and characterized her thinking as too far outside the mainstream to trust with the nation's economy.

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