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Global stocks climb on muted trade hopes, dollar slips

2 days ago DieselGasoil Comments Off on Global stocks climb on muted trade hopes, dollar slips
NEW YORK (Reuters) – World equity markets rebounded on Friday from the previous day’s sharp fall, boosted after U.S. President Donald Trump said complaints against China’s Huawei Technologies might be resolved within the framework of a Sino-U.S. trade deal. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., Read More

Patriot games: Chinese dump iPhones & switch to domestic Huawei devices amid US crackdown

2 days ago DieselGasoil Comments Off on Patriot games: Chinese dump iPhones & switch to domestic Huawei devices amid US crackdown
A growing number of former Apple devotees in China have started switching from iPhones to domestic Huawei smartphones as trade and technology tensions escalate between Washington and Beijing. The South China Morning Post reported that consumers were spurred by a rising “nationalist sentiment” to support the Chinese tech giant which has been blacklisted by the Read More

Foreign investors hope India dials back policy shocks after Modi win

2 days ago DieselGasoil Comments Off on Foreign investors hope India dials back policy shocks after Modi win
NEW DELHI (Reuters) – Foreign companies in India have welcomed Prime Minister Narendra Modi’s election victory for the political stability it brings, but now they need to see him soften a protectionist stance adopted in the past year. BJP President Amit Shah and Indian Prime Minister Narendra Modi gesture after the election results in New Read More

United CEO promises to rebook passengers concerned about 737 MAX

4 days ago DieselGasoil Comments Off on United CEO promises to rebook passengers concerned about 737 MAX
CHICAGO (Reuters) – United Airlines Chief Executive Oscar Munoz promised on Wednesday to accommodate any passengers concerned about flying Boeing Co’s 737 MAX jets once regulators deem the aircraft safe to fly again. FILE PHOTO: United Airlines Chief Executive Officer Oscar Munoz poses for pictures in his office at the company’s headquarters in Chicago, Illinois, Read More

U.S. judge says Qualcomm violated antitrust law; appeal planned, shares plunge

4 days ago DieselGasoil Comments Off on U.S. judge says Qualcomm violated antitrust law; appeal planned, shares plunge
(Reuters) – Qualcomm Inc illegally suppressed competition in the market for smartphone chips by threatening to cut off supplies and extracting excessive licensing fees, a U.S. judge ruled, a decision that could force the company to overhaul its business practices. FILE PHOTO: A sign on the Qualcomm campus is seen, as chip maker Broadcom Ltd Read More

CSW Industrials Reports Fiscal Fourth Quarter and Full Year 2019 Results

4 days ago DieselGasoil Comments Off on CSW Industrials Reports Fiscal Fourth Quarter and Full Year 2019 Results
Fourth Quarter Fiscal 2019 Highlights Fourth quarter 2019 revenue from continuing operations of $91.5 million, up 9.6% compared to $83.5 million in the prior year period. Fourth quarter 2019 GAAP net income from continuing operations increased to $13.6 million, or $0.90 per diluted share, compared to $10.6 million, or $0.68 per diluted share, in the Read More

U.S. judge hammers Qualcomm in antitrust case, shares sink 13%

4 days ago DieselGasoil Comments Off on U.S. judge hammers Qualcomm in antitrust case, shares sink 13%
(Reuters) – 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. FILE PHOTO: A sign on the Qualcomm campus is seen in San Diego, Read More

Monks to resurrect ‘lost’ beer from 12th century – it’s 10.8%

4 days ago DieselGasoil Comments Off on Monks to resurrect ‘lost’ beer from 12th century – it’s 10.8%
Monks at an abbey in Belgium will be brewing beer again after a 200-year break. The Grimbergen Abbey was ransacked and the brewery smashed in 1795 by French troops and the monks stopped brewing their own beer. But plans to build a new brewery have been approved and the monks expect to have their first Read More

Aston Martin falls 5% in its London IPO

4 days ago DieselGasoil Comments Off on Aston Martin falls 5% in its London IPO
You could own James Bond’s car Aston Martin is joining the ranks of listed automakers with an IPO that values the British company at more than $5 billion. But its first day of trading in London got off to a rocky start. The favorite carmaker of fictional British secret service agent James Bond priced its Read More