Reuters - Before the Bell

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Tuesday, February 19, 2019

Honda to close UK car plant as Brexit looms

Honda will close its only British car plant in 2021 with the loss of up to 3,500 jobs, a major departure of Japanese investment announced just over a month before the United Kingdom is due to leave the European Union.

Get Brexit sorted out, UK business minister says after Honda plant decision

The United Kingdom must urgently end the uncertainty over its exit from the European Union so that businesses can have clarity about the future, business minister Greg Clark said just hours after Honda said it would close its car plant in Britain.

German government unlikely to make quick decision on Huawei: source

The German government will probably not take a quick decision on whether to allow China's Huawei to build Germany's 5G network, a government source said on Tuesday.

Huawei founder says will not share data with China: CBS News interview

Huawei Technologies Co Ltd's founder and chief executive pledged not to share any customer information with the Chinese government and said it had never done so, in an interview with CBS News that aired on Tuesday.

Walmart holiday quarter sales top estimates, shares rise

Walmart Inc reported an estimate-beating jump in holiday quarter comparable sales on Tuesday as a strong economy boosted consumer spending and fueled more e-commerce purchases, sending its shares up nearly 4 percent in premarket trade.

Activist Bramson's unlikely Barclays board seat bid sharpens scrutiny of bank

Activist investor Edward Bramson's bid to join the Barclays board is destined to fail, shareholders told Reuters, though he has sharpened scrutiny of its investment banking strategy that Bramson argues has depressed profitability.

Medtronic quarterly profit beats on strength in surgical products

Medical device maker Medtronic Plc on Tuesday beat Wall Street estimates for quarterly profit, driven by higher sales in its surgical products unit and restorative therapies group.

Saab proposes to make 96 Gripen jets in India to win Air Force deal

Swedish defense firm Saab AB, which is seeking to sell its Gripen fighter jets to the Indian Air Force, said on Tuesday it could offer to make most of them in a production facility likely to be set up in one of the southern cities.

VW's Audi mulls cutting night shifts at Ingolstadt plant: Handelsblatt

Volkswagen's Audi is considering cutting night shifts at its Ingolstadt plant, Handelsblatt reported on Tuesday, citing the head of the luxury carmaker's works council.

Alibaba boosts stake in investment bank CICC for $231 million

China's e-commerce giant Alibaba Group Holding Ltd has raised its stake in top domestic investment bank China International Capital Corp's Hong Kong-listed shares to nearly 12 percent, an exchange disclosure showed on Monday.