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Exclusive: T-Mobile, Sprint see Huawei shun clinching U.S. deal – sources

5 hours ago DieselGasoil Comments Off on Exclusive: T-Mobile, Sprint see Huawei shun clinching U.S. deal – sources
WASHINGTON/NEW YORK (Reuters) – T-Mobile US Inc and Sprint Corp believe their foreign owners’ offer to stop using Huawei Technologies equipment will help with the United States clearing their $26 billion merger deal, sources said, underscoring the lengths to which Washington has gone to shut out the Chinese company. FILE PHOTO: People walk past a Read More

CVS defends settlement that allowed Aetna merger as judge assesses

5 hours ago DieselGasoil Comments Off on CVS defends settlement that allowed Aetna merger as judge assesses
WASHINGTON (Reuters) – CVS Health Corp (CVS.N) defended on Friday an agreement with the U.S. Justice Department which allowed it to purchase Health insurer Aetna for $69 billion, a settlement that a federal judge is still assessing. FILE PHOTO: Shoppers walk outside a CVS store and pharmacy in Medford, Massachusetts, U.S. December 4, 2017. REUTERS/Brian Read More

Small-cap S&P 600 index confirms bear market

7 hours ago DieselGasoil Comments Off on Small-cap S&P 600 index confirms bear market
NEW YORK (Reuters) – As U.S. stocks have been rocked by trade tensions and monetary policy worries, shares of small-cap companies, by one measure, have now confirmed that they are in their first bear market in three years. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December Read More

Irish regulator investigates Facebook over private photo glitch

7 hours ago DieselGasoil Comments Off on Irish regulator investigates Facebook over private photo glitch
(Reuters) – An Irish regulator said on Friday it was investigating Facebook Inc (FB.O) following the company’s disclosure that a bug may have exposed private photos of up to 6.8 million users, the latest in a series of Facebook privacy glitches. The Irish Data Protection Commissioner (DPC), the lead regulator of Facebook in the European Read More

J&J shares nosedive on report it knew of asbestos in Baby Powder

7 hours ago DieselGasoil Comments Off on J&J shares nosedive on report it knew of asbestos in Baby Powder
(Reuters) – Shares of Johnson & Johnson (JNJ.N) fell 10 percent on Friday and were on track to post their biggest percentage drop in more than 16 years, after Reuters reported that the Pharma major knew for decades that cancer-causing asbestos lurked in its Baby Powder. The decline in shares erased about $40 billion from Read More

Wall St. tumbles on global growth worries, J&J decline

7 hours ago DieselGasoil Comments Off on Wall St. tumbles on global growth worries, J&J decline
(Reuters) – Wall Street’s three major indexes tumbled on Friday and the Dow confirmed a correction as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson shares were the biggest drag after Reuters reported the company knew for decades that its Baby Powder contained asbestos. The S&P Read More

Global growth worry hits stocks, but U.S. data lifts dollar

10 hours ago DieselGasoil Comments Off on Global growth worry hits stocks, but U.S. data lifts dollar
NEW YORK (Reuters) – A gauge of global stocks tumbled on Friday after weak economic data from China and Europe intensified global growth worries as investors weighed the broader impact of the trade dispute between the United States and China. Euro zone business ended the year on a weak note, expanding at the slowest pace Read More

Exclusive: T-Mobile, Sprint see U.S. security approval for deal after Huawei concessions – sources

10 hours ago DieselGasoil Comments Off on Exclusive: T-Mobile, Sprint see U.S. security approval for deal after Huawei concessions – sources
WASHINGTON/NEW YORK (Reuters) – T-Mobile US Inc and Sprint Corp expect their merger to be approved by a U.S. national security panel as early as next week, after their respective parent companies said they would consider curbing their use of equipment from China’s Huawei Technologies, people familiar with the matter told Reuters. FILE PHOTO: People Read More

Exclusive: Nissan probe into Ghosn trains lens on 'CEO Reserve' fund, Dutch unit

11 hours ago DieselGasoil Comments Off on Exclusive: Nissan probe into Ghosn trains lens on 'CEO Reserve' fund, Dutch unit
YOKOHAMA, Japan (Reuters) – Nissan Motor Co Ltd investigators are examining former Chairman Carlos Ghosn’s use of an internal ‘CEO Reserve’ fund and the role of subsidiaries in the Netherlands and other countries as part of a probe into alleged financial misconduct, two people with knowledge of the inquiry told Reuters. FILE PHOTO: Carlos Ghosn, Read More

Deutsche Telekom reviews Huawei ties; Orange says no on 5G

13 hours ago DieselGasoil Comments Off on Deutsche Telekom reviews Huawei ties; Orange says no on 5G
FRANKFURT/PARIS (Reuters) – Huawei faces fresh challenges in Europe after Germany’s Deutsche Telekom (DTEGn.DE) announced it would review its vendor strategy and Orange (ORAN.PA) said it would not hire the Chinese firm to build its next-generation network in France. FILE PHOTO: The logo of German telecommunications giant Deutsche Telekom AG is seen at the Read More