The Cupertino, California's signature product has become pricier with every new launch and analysts say that consumers, especially in emerging markets such as India, are ditching them for cheaper alternatives like those offered by China's OnePlus. Lumentum Holdings Inc, the main supplier of the Face ID technology in the latest generation of iPhones, cut $70...
Stocks investors are spooked about a lot of things, and the strong dollar biting into earnings growth is now one of them.
Investing with a focus on environmental, social and governance issues- known as ESG- now amounts to $12 trillion in the United States, according to a new report from the nonprofit US SIF: The Forum for Sustainable and Responsible Investment. CalPERS, for example, manages $344 billion for California's public employees while CalSTRS invests $229 billion for the...
*VW open to sharing electric car platform with Ford- AN. FRANKFURT, Nov 12- Volkswagen could build up to 50 million electric cars on its new electric vehicle platform and is looking at expanding its manufacturing footprint in the United States, Chief Executive Herbert Diess told Automotive News. "We set up the plant in Chattanooga always with the idea to be able to...
Industry groups and state environmental officials have urged the EPA to set new nationwide rules as the state of California has been moving forward with plans to set new state emissions limits. The effort to impose a new regulatory limit by EPA comes as the Trump administration has generally touted its efforts to eliminate regulations.
Nov 12- The U.S. Environmental Protection Agency on Monday will announce it plans to propose new rules to significantly decrease smog-forming nitrogen oxide emissions from diesel highway heavy-duty trucks and engines, an agency official said. Industry groups and state environmental officials have urged the EPA to set new nationwide rules as the state of...
CNBC's Jim Cramer warns he does not expect a trade deal between the U.S. and China any time soon.
PARIS, Nov 12- Facebook will allow French regulators to "embed" inside the company to examine how it combats online hate speech, the first time the wary tech giant has opened its doors in such a way, President Emmanuel Macron said on Monday. "It's a first," Macron told the annual Internet Governance Forum in Paris. The move follows a meeting with Facebook's founder Mark...
*Oil rises as Saudi Arabia seeks to tackle oversupply. NEW YORK, Nov 12- The U.S. dollar surged on Monday to its highest point in 16 months against a basket of currencies and world stocks fell broadly amid concern about political risks in Europe, while a drop in Apple shares added pressure to U.S. equities and tech shares. In Europe, fears about a no-deal Brexit and a...
MOSCOW, Nov 12- A Swiss court has issued an injunction barring the operators of the Nord Stream gas pipeline from making payments to Gazprom as part of a legal dispute between the Russian gas producer and Ukraine's Naftogaz, Gazprom said. All payments from Nord Stream AG and Nord Stream 2 AG to Gazprom are to be directed to the Swiss bailiffs, Gazprom said in a...
NEW YORK, Nov 12- The dollar reached a 16- month high on Monday against a basket of currencies as investors built bets on a Federal Reserve interest rate increase next month, and political risks in Europe which put pressure on the euro and the pound. Fears about a no-deal Brexit and a growing rift in Europe over Italy's budget have also boosted the dollar.
Camillo Pane is stepping down as Coty's CEO due to family reasons and will be replaced by Pierre Laubies, the former CEO of Dutch coffee firm Jacobs Douwe Egberts, Coty said. Chairman Bart Becht will also step aside but will remain on the board. Last week the company revealed that supply chain problems from a trucker strike in Brazil, hurricanes and a warehousing...
Some market pros see the Mueller investigation for now as a low risk for President Trump and expect the market to rally if he is in the clear when the special counsel releases his report.
Futures earlier held steady as Brent crude prices rose 1.51 percent after Saudi Arabia, the world's largest oil exporter, said it would cut its shipments in December. That lifted energy stocks, with shares of companies such as ConocoPhillips, Schlumberger NV and heavyweights Exxon Mobil Corp and Chevron Corp among the top gainers on the S&P 500 in premarket...
Nov 12- Private equity firm Veritas Capital and hedge fund Elliott Management are buying Athenahealth Inc for about $5.7 billion, the U.S. healthcare software maker said on Monday. In May Elliott made an unsolicited offer of $160 per share to buy Athenahealth. Once the deal is complete, Athenahealth will merge with Virence Health, the former GE Healthcare unit...
Shares in the California- based manufacturer fell 26 percent. Japan's Nikkei reported earlier this month that Apple Inc had told its smartphone assemblers Foxconn and Pegatron to halt plans for additional production lines dedicated to its new iPhone XR. The company now expects net revenue of $335 million to $355 million, compared with its prior range of $405...
BAGHDAD, Nov 12- While Saudi Arabia courted Iraqi leaders behind closed doors at the weekend, its arch-foe Iran made a more public showing by turning out at the Baghdad International Fair, a shop window for business in Iraq. If the region's most bitter rivalry was expected to be on display- last year dozens of Saudi companies also took part- it was an indication of how...
A U.S. think tank said it had identified at least 13 of an estimated 20 undeclared missile operating bases inside North Korea.
U.S. stock futures are pointing to a mixed open for Wall Street as beaten-down crude prices rise.
BAGHDAD, Nov 12- While Saudi Arabia courted Iraqi leaders behind closed doors at the weekend, its arch-foe Iran made a more public showing by turning out at the Baghdad International Fair, a shop window for business in Iraq. If the region's most bitter rivalry was expected to be on display- last year dozens of Saudi companies also took part- it was an indication of how...
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