China's ZTE pleads guilty, settles U.S. sanctions case for nearly $900 million Chinese telecom equipment maker ZTE Corp has agreed to plead guilty and pay nearly $900 million in a U.S. sanctions case, drawing a line under a damaging scandal that had threatened its cut off its supply chain. While […]
As criticism mounts, Uber seeks chief operating officer to temper CEO As criticism mounts, Uber seeks chief operating officer to temper CEO:- Uber Technologies Inc Chief Executive Officer Travis Kalanick said on Tuesday the ride-services firm is looking for a chief operating officer to help run the company, which has […]
WikiLeaks says it releases files on CIA cyber spying tools WikiLeaks says it releases files on CIA cyber spying tools:- Anti-secrecy group WikiLeaks on Tuesday published what it said were thousands of pages of internal CIA discussions about hacking techniques used over several years, renewing concerns about the security of […]
Stocks slip, U.S. dollar firm on Fed outlook Stocks slip, U.S. dollar firm on Fed outlook:- A gauge of global stock markets slipped on Tuesday as the Dow and S&P 500 notched their first back-to-back losses in more than a month, while expectations the Federal Reserve will raise interest rates […]
Pharma, bank stocks pull Wall Street lower Pharma, bank stocks pull Wall Street lower:- U.S. stock prices closed lower on Tuesday as weakness in drug and financial shares sent the S&P 500 and the Dow Jones Industrial Average to their first consecutive sessions of declines in more than a month. […]
Juniper Gary Clark joins Tesla as chief information officer Juniper Gary Clark joins Tesla as chief information officer:- Gary Clark, a former IT chief technology officer at Juniper Networks Inc (JNPR.N), joined Tesla Inc (TSLA.O) in February as its chief information officer, according to Clark's LinkedIn profile. Clark succeeds Jay Vijayan, who […]
Industry questions higher insurance costs under Republican plan Industry questions higher insurance costs under Republican plan:- The House Republican health insurance plan suggests health insurance after Obamacare will be less affordable, investors, insurers and industry sources said on Tuesday, raising questions about future enrollment and insurance company participation. The draft […]
Snap shares tumble as short sellers move in Snap shares tumble as short sellers move in:- Snap Inc's (SNAP.N) shares tumbled 12 percent on Tuesday and traders raced to position themselves to cash in on further declines after analysts gave the company a lukewarm reception following its red-hot market debut. […]
Fed to make sequential hikes until something breaks Fed to make sequential hikes until something breaks:- Jeffrey Gundlach, chief executive officer at DoubleLine Capital, said on Tuesday he expects the Federal Reserve to begin a campaign this month of "old school" sequential interest rate hikes until "something breaks," such as […]
Asian stocks rebound after upbeat China trade data Asian stocks rebound after upbeat China trade data:- Asian stocks erased early losses and edged higher on Wednesday as strong China trade data bolstered bets of a recovering global economy, though gains were capped by caution ahead of a widely expected U.S. […]
