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U.S. judge hammers Qualcomm in antitrust case, shares sink 13%
Qualcomm Inc used unlawful, anticompetitive practices to license patents for modems used in mobile phones, a judge has ruled in a case brought by the U.S. trade regulator, ordering it to renegotiate major deals and change how it does business.
China's big three airlines seek Boeing compensation over 737 MAX grounding
China's three biggest airlines have asked U.S. planemaker Boeing Co to compensate them for losses caused by the grounding and delayed deliveries of 737 MAX jets, just as regulators gather to discuss design changes for the troubled aircraft.
Same-day deliveries, store revamps drive Target's strong results
Target Corp beat first-quarter estimates for same-store sales and profit on Wednesday, as the retailer's investments in same-day delivery and store revamps drew in more shoppers, sending its shares up more than 7%.
Justice Department staff recommends blocking T-Mobile deal for Sprint; decision now with top antitrust officials: sources
The U.S. Justice Department's Antitrust Division staff has recommended the agency sue to block T-Mobile US Inc's $26 billion acquisition of smaller rival Sprint Corp, according to two sources familiar with the matter.
Exclusive: Behind Grindr's doomed hookup in China, a data misstep and scramble to make up
Early last year, Grindr LLC's Chinese owner gave some Beijing-based engineers access to personal information of millions of Americans such as private messages and HIV status, according to eight former employees, prompting U.S. officials to ask it to sell the dating app for the gay community.
Commerzbank open to M&A after Deutsche Bank talks collapse
Commerzbank may refine its strategy and is still open to mergers following the collapse of talks with its larger rival Deutsche Bank, the lender's chief executive said on Wednesday.
Futures dip on reports U.S. to target another Chinese firm
U.S. stock index futures dipped on Wednesday, as fears of a possible escalation in the trade war between the United States and China were rekindkled after reports that Washington could impose sanctions on another Chinese company.
Oil prices down on swelling U.S. stockpiles, demand concerns
Oil prices fell on Wednesday after industry data showed an increase in U.S. crude inventories and on demand concerns linked to a protracted trade war between China and the United States.
British Steel goes into liquidation after failing to secure loan
British Steel, the country's second largest steel producer, has collapsed after failing to secure emergency government funding, jeopardising some 25,000 jobs, Britain's Official Receiver said on Wednesday.
British Steel owner Greybull: We worked hard to keep it alive
British Steel's owner Greybull Capital said on Wednesday it had worked hard to keep Britain's second largest steel producer alive but that the challenges of Brexit had proven insurmountable.
UK has agreed an indemnity for British Steel receiver: PM May
Britain has granted an indemnity to the official receiver handling the collapse of British Steel, the country's second largest steel producer, Prime Minister Theresa May said on Wednesday.
Huawei unwanted: Asian shops shun phone trade-ins on Google suspension worries
Mobile phone retailers in some Asian countries are refusing to accept Huawei devices for trade-ins, as more consumers look to offload their device on worries Google suspending business with the Chinese firm will disrupt services.
British Steel is open to new buyers: UK business minister
British Steel, which was forced into liquidation on Wednesday after failing to secure an emergency government loan, is open to new buyers, business minister Greg Clark said on Wednesday.
Lowe's cuts full-year profit forecast as higher costs hurt first quarter
Lowe's Cos Inc cut its full-year profit forecast and reported disappointing first-quarter earnings on Wednesday, as higher costs and a push to catch up with larger rival Home Depot dented margins, sending its shares down 9%.
French government: Ascoval rescue deal not impacted by British Steel woes
A rescue deal for the Ascoval steel plant in northern France is not impacted by the current woes at British Steel since the Ascoval transaction involves another unit of British Steel not impacted by the liquidation process, said the French government.
In Fed policy review, labor may finally win out over inflation
At 2.3 percent, Minneapolis' jobless rate seems impossibly low, even with national unemployment at a 50-year trough.
Exclusive: Walmart to make first direct pitch to big corporate ad buyers at New York event
Walmart Inc will meet large consumer goods companies and advertising firms for the first time in New York next week to pitch its advertising business, as the world's largest retailer aims to rev up its website and stores as a platform for other companies to reach customers.
Google complying with EU order in shopping case, says EU's Vestager
Google is complying with an EU order to boost competition in online shopping, Europe's antitrust chief said on Wednesday, brushing aside complaints from rivals demanding more regulatory action.
Daimler says all costs under scrutiny after moderate start to 2019
Daimler's outgoing chief executive said on Wednesday that all of the luxury carmaker's costs were under review as he expressed dissatisfaction with the group's profitability as it invests heavily in electric cars.
Exclusive: Tencent and Riot Games developing mobile version of League of Legends - sources
China's Tencent Holdings Ltd is working with its U.S. unit Riot Games to develop a mobile version of "League of Legends", the world's most popular desktop-based game, three sources with knowledge of the matter told Reuters.
Eagle Point Credit Company (ECC) earnings: expect 0% revenue growth
Eagle Point Credit Company (ECC) is announcing earnings on May 22, 2019. What should you expect?
Ctrip.com International (CTRP) earnings: expect 10% revenue growth
Ctrip.com International, Ltd. (CTRP) is announcing earnings on May 22, 2019. What should you expect?
Canadian Imperial Bank of Commerce (CM) earnings: expect 0% revenue growth
Canadian Imperial Bank of Commerce (CM) is announcing earnings on May 22, 2019. What should you expect?
Photronics (PLAB) earnings: expect -1% revenue decline
Photronics (PLAB) is announcing earnings on May 22, 2019. What should you expect?
Copart (CPRT) earnings: expect 13% revenue growth
Copart (CPRT) is announcing earnings on May 22, 2019. What should you expect?
Tata Motors (TTM) earnings: expect -14% revenue decline
Tata Motors Ltd (TTM) is announcing earnings on May 22, 2019. What should you expect?
Tiffany & Co. (TIF) earnings: expect -1% revenue decline
Tiffany & Co. (TIF) is announcing earnings on May 22, 2019. What should you expect?
V.F. Corporation (VFC) earnings: expect 5% revenue growth
V.F. Corporation (VFC) is announcing earnings on May 22, 2019. What should you expect?
Intellinetics (INLX) earnings: expect 11% revenue growth
Intellinetics (INLX) is announcing earnings on May 21, 2019. What should you expect?
Cemtrex (CETX) earnings: expect 11% revenue growth
Cemtrex (CETX) is announcing earnings on May 21, 2019. What should you expect?