Huawei Technologies Co Ltd will utilize its 5G technologies to develop radar for self-driving cars, its deputy chairman told a conference, as the Chinese manufacturer looks to play a bigger role in the auto industry.
Sunrise Communications Group bowed to investor pressure on Tuesday and scrapped its 6.3 billion Swiss franc ($6.39 billion) acquisition of Liberty Global's Swiss cable business UPC.
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Hasbro Inc fell well short of Wall Street estimates for quarterly profit on Tuesday, as shipping and warehousing costs jumped due to retailers canceling and delaying orders in the face of likely tariffs on toys, sending its shares tumbling 14%.
Harley-Davidson Inc beat expectations for profit on Tuesday and stuck to its full-year shipment forecast, allaying fears of another major hit from European import tariffs and a further slump in sales in its main U.S. market.
United Technologies expects Boeing to maintain production of its 737 MAX planes at the current rate for the rest of 2019, Chief Financial Officer Akhil Johri said on Tuesday, allaying fears of a complete halt in production.
Wall Street opened higher on Tuesday after a batch of upbeat earnings reports eased concerns over domestic growth and the fallout from the U.S.-China trade war, while a surge in Biogen boosted the healthcare sector.
Boeing Co is making progress toward getting its 737 MAX aircraft in the air again but the Federal Aviation Administration (FAA) will need at least several more weeks for review, FAA Administrator Steve Dickson said on Tuesday.
WeWork's board has accepted a takeover plan proposed by SoftBank Group, handing control of the office-sharing startup to the Japanese firm, according to a source directly familiar with the matter.
Oil prices rose on Tuesday after China signaled progress in trade talks with the United States, but gains were capped by bearish forecasts of a buildup in U.S. crude stockpiles.
Sunrise Communications Group bowed to investor pressure on Tuesday and scrapped a rights issue needed to complete its 6.3 billion Swiss franc ($6.39 billion) acquisition of Liberty Global's Swiss cable business UPC.
Swiss bank UBS is axing high-paying investment banking staff after a disappointing performance at the division prompted a 16% slide in third-quarter net profit and put the group's 2019 profit goals further out of reach.
Apple supplier AMS beat expectations with a 41% jump in third-quarter revenue on Tuesday and forecast further strong demand for its optical sensors from smartphone makers as it takes aim at a takeover of German lighting maker Osram .
China will take steps to safeguard its interests, but won't close its door to foreign investment and the global industry despite trade frictions with the United States, a Chinese official said on Tuesday.
Goldman Sachs wound back its forecast for growth in U.S. shale output in 2020, and slightly reduced its outlook for 2020 global oil demand growth.