While the U.S. gave Huawei a 90-day reprieve, allowing American businesses to keep selling specific products to the Chinese firm, it also added more affiliates of the...Technologyread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
U.K. Prime Minister Boris Johnson told the EU that a Brexit deal can still be approved by U.K. lawmakers if Brussels agrees to scrapping the contentious Irish "backstop."read more
Baidu posted better-than-expected earnings for the June quarter, swinging back to profit and managing to stabilize its core ad business.Technologyread more
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with...US Marketsread more
While Hong Kong leader Carrie Lam painted a bleak picture of the city's economy, she expressed hope that dialogue with protesters could provide "a way out."China Politicsread more
China's pursuit of the Middle East may spur growth in the Islamic finance sector.World Economyread more
Twitter and Facebook have suspended accounts believed to be tied to a state-backed disinformation campaign originating from inside China.Technologyread more
U.S. President Donald Trump and his former White House communications director Anthony Scaramucci have had a public falling out recently.Politicsread more
The report comes as Trump in recent days has lashed out over media reports about growing recession fears.Politicsread more
Beijing will lower borrowing costs for companies, but that may not boost the economy as much as some hope.China Economyread more
Mattel shares cratered on Friday after the toymaker said Thursday it would pull a bond sale because of "an anonymous whistleblower letter."
The company was made aware of the anonymous letter on Tuesday, according to a filing. Mattel said it is terminating the sale of senior notes due in 2027 "to provide the company with an opportunity to investigate the matters set forth in the letter."
The company did not disclose the contents of the letter. Mattel declined to comment further.
Shares of the company closed down Friday, falling 15.7% to $11.31.
The sale, which was worth an estimated $250 million, had initially be scheduled to close on Thursday. Mattel said it intends to refinance bonds that are due in October 2020 prior to maturity.
Mattel has about $3 billion in debt on its books, with about $250 million of which is due next year.
Shares of Mattel had risen 34% since January ahead of Mattel's filing. However, the stock is down around 14% from the same time last year.
The Securities and Exchange Commission declined to comment.
— CNBC's Courtney Reagan contributed to this report.