Reuters - Before the Bell

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Thursday, May 23, 2019

DOJ's Delrahim still open to Sprint-T-Mobile deal: CNBC

The U.S. Department of Justice's antitrust chief, Makan Delrahim, is still open to T-Mobile US Inc's $26 billion acquisition of smaller rival Sprint Corp, CNBC reported on Thursday.

Factbox: Global tech companies shun Huawei after U.S. ban

Global tech firms, including chip suppliers, are cutting ties with China's Huawei Technologies Co Ltd after the U.S. government put the world's largest telecom equipment maker on a trade blacklist citing national security concerns.

China calls out U.S. 'wrong actions' as Huawei ban rattles supply chains

China said the United States needs to correct its "wrong actions" for trade talks to continue after it blacklisted Huawei, a blow that has rippled through global supply chains and battered tech shares as investors fear a technology cold war.

Futures tumble on fears of possible U.S.-China tech cold war

U.S. stock index futures slid on Thursday, as investors worried that the U.S.-China trade war could spiral into a technology cold war between the two countries, with no signs of resolution in sight.

Huawei unwanted: Asian shops shun phone trade-ins on Google suspension worries

Mobile phone retailers in some Asian countries are refusing to accept Huawei devices for trade-ins, as more consumers look to offload their device on worries Google suspending business with the Chinese firm will disrupt services.

Best Buy sees solid second quarter on rising demand for wearables

Best Buy Co Inc forecast second-quarter sales and profit above estimates on Thursday, as the consumer electronics retailer saw strong demand for wearables and tablets and signed up more people to its subscription-based tech support services.

Tyson Foods says not formalized plans for Kazakh beef processing plant

Tyson Foods Inc said on Thursday it has not formalized plans for a beef processing plant in Kazakhstan, responding to a media report that the largest U.S. meat processor was in talks over a multibillion-dollar investment in the country.

U.S. judge appoints Ken Feinberg mediator for Bayer Roundup settlement talks

A U.S. judge on Wednesday appointed prominent attorney Kenneth Feinberg as mediator for court-mandated settlement talks in the federal litigation over allegations that Bayer AG's glyphosate-based Roundup weed killer caused cancer.

Nokian Tyres seeks to gain traction in North America with new factory

Finnish tire maker Nokian Tyres expects its new U.S. factory in Tennessee to help it double its sales in North America, especially by expanding its all-season tire sales in the region, the company said on Thursday.

Prosecutors fine Bosch 90 million euros for emissions cheating role

Automotive supplier Bosch has agreed to pay a 90 million euros ($100.21 million) fine for lapses in supervisory duties which enabled carmakers to engage in emissions cheating, German prosecutors in the city of Stuttgart said on Friday.