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U.S. Justice Department may sue to block Sprint, T-Mobile merger: source

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WASHINGTON (Reuters) – The U.S. Justice Department has told T-Mobile US Inc and Sprint Corp to wrap up a deal by the end of next week to sell assets that are to be divested as a condition of their proposed merger or face a lawsuit aimed at stopping the transaction, a source familiar with the Read More

Apache Completes Midcon Asset Sales; Provides Second-Quarter Supplemental Information and Schedules Results Conference Call for August 1, 2019, at 10 a.m. Central Time

12 hours ago DieselGasoil Comments Off on Apache Completes Midcon Asset Sales; Provides Second-Quarter Supplemental Information and Schedules Results Conference Call for August 1, 2019, at 10 a.m. Central Time
HOUSTON, July 18, 2019 (GLOBE NEWSWIRE) — Apache Corporation (NYSE, NASDAQ: APA) today announced the completion of asset sales in the midcontinent and provided supplemental information regarding certain second-quarter 2019 financial and operational results. Asset salesIn May and July, Apache closed the sale of noncore assets in two separate transactions, comprising $612 million of net Read More

Justice Department may sue to block Sprint, T-Mobile merger: CNBC

20 hours ago DieselGasoil Comments Off on Justice Department may sue to block Sprint, T-Mobile merger: CNBC
FILE PHOTO: A smartphones with Sprint logo are seen in front of a screen projection of T-mobile logo, in this picture illustration taken April 30, 2018. REUTERS/Dado Ruvic/Illustration/File Photo WASHINGTON (Reuters) – The U.S. Justice Department would sue to block the merger of T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) if the parties do Read More

Huawei dominates global race to 5G, inking over 50 contracts despite US crackdown

20 hours ago DieselGasoil Comments Off on Huawei dominates global race to 5G, inking over 50 contracts despite US crackdown
Chinese telecom giant Huawei has secured more than 50 commercial contracts for 5G across the world, according to the company’s board member and Senior Vice President Catherine Chen, who was cited by news agency Xinhua. Despite pressure from Washington on its allies to ban Huawei technology, Chen said that 28 contracts were signed in Europe. Read More

Netflix shares sink 11%, analysts still see growth

22 hours ago DieselGasoil Comments Off on Netflix shares sink 11%, analysts still see growth
(Reuters) – Wall Street brokerages stuck to a positive outlook on Netflix Inc (NFLX.O) on Thursday, betting that a strong content slate for the rest of 2019 would reverse shock losses in U.S. subscribers in the second quarter that sank its stock price. FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Read More

EU clears Vodafone’s $22 billion Liberty deal

23 hours ago DieselGasoil Comments Off on EU clears Vodafone’s $22 billion Liberty deal
BRUSSELS/LONDON (Reuters) – Brussels gave its blessing to Vodafone’s (VOD.L) $22 billion purchase of Liberty Global’s (LBTYA.O) cable networks in Germany and central Europe, clearing the way for the British company to become Europe’s largest mobile, broadband and TV provider. FILE PHOTO: Coaxial TV Cables are seen in front of Vodafone and Liberty Global logos Read More

Exclusive: Ping An-backed Lufax to ditch P2P lending on regulatory woes – sources

24 hours ago DieselGasoil Comments Off on Exclusive: Ping An-backed Lufax to ditch P2P lending on regulatory woes – sources
BEIJING/SHANGHAI (Reuters) – Lufax, one of China’s largest online wealth management platforms that is backed by financial giant Ping An Insurance (601318.SS), plans to exit its once-core peer-to-peer lending (P2P) business, three sources with direct knowledge of the matter told Reuters. FILE PHOTO: A sign of wealth management platform Lufax is seen during an expo Read More

Japan-South Korea gloom spurs worries of ‘never seen before’ chip price spike

1 day ago DieselGasoil Comments Off on Japan-South Korea gloom spurs worries of ‘never seen before’ chip price spike
SEOUL (Reuters) – Memory chip spot prices have risen for the first time this year, indicating grim warnings of “never seen before” spikes and a supply disruption could come to pass as a dispute between South Korea and Japan drags on. FILE PHOTO: Memory chip parts of U.S. memory chip maker MicronTechnology are pictured at Read More

Netflix to roll out cheaper mobile-only plan for India

1 day ago DieselGasoil Comments Off on Netflix to roll out cheaper mobile-only plan for India
(Reuters) – Netflix Inc (NFLX.O) said on Wednesday it would roll out a lower-priced mobile-only plan in India within the next three months to tap into a price-sensitive market at a time the streaming company is losing customers in its home turf. FILE PHOTO: The Netflix logo is pictured on a television in this illustration Read More

India’s monsoon rains below average in past week, raising crop worries

1 day ago DieselGasoil Comments Off on India’s monsoon rains below average in past week, raising crop worries
MUMBAI/NEW DELHI (Reuters) – India’s monsoon rains were 20% below average in the week ending on Wednesday, the weather office said, as summer showers turned patchy over the central, western and southern parts of the country, raising concerns over the progress of crop plantings. FILE PHOTO: A woman takes photographs with her mobile phone against Read More