Business

Huawei CFO back in court as Canadian said to be detained in China

VANCOUVER/BEIJING (Reuters) – A former Canadian diplomat has been detained in China, two sources said on Tuesday, just hours before a top executive at Chinese telecoms giant Huawei Technologies Co [HWT.UL] returned to a packed Vancouver courtroom for a bail hearing that has angered Beijing. It was not immediately clear if the two cases were related, but Canadian analysts had ...

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Defunct startup Sidecar sues Uber: ‘hell-bent on stifling competition’

SAN FRANCISCO (Reuters) – Defunct startup Sidecar Technologies Inc, which pioneered on-demand ride-hailing, is suing Uber Technologies Inc [UBER.UL], alleging it engaged in predatory pricing and anticompetitive practices that ultimately put Sidecar out of business. FILE PHOTO: The Uber, Lyft and Juno logos are seen on a car as it drive up 6th Avenue in New York City, July 27, ...

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S&P, Dow turn negative after Trump threatens government shutdown

FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 10, 2018. REUTERS/Brendan McDermid/File Photo (Reuters) – The S&P 500 and the Dow Jones Industrial Average gave up all gains on Tuesday, reversing from a strong start on the back of progress in U.S.-China trade talks, as President Donald Trump threatened ...

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Google CEO: ‘no plans’ to launch Chinese search engine

WASHINGTON (Reuters) – Google Chief Executive Sundar Pichai told a U.S. congressional panel on Tuesday that the Alphabet Inc unit currently has “no plans” to launch a search engine in China but did not rule out a future launch. Google CEO Sundar Pichai testifies at a House Judiciary Committee hearing “examining Google and its Data Collection, Use and Filtering Practices” ...

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Verizon takes billions in charges for Oath, voluntary buyouts

The Verizon logo is seen on the side of a truck in New York City, U.S., October 13, 2016. REUTERS/Brendan McDermid (Reuters) – Verizon Communications Inc (VZ.N) said Tuesday it will take a $4.6 billion charge related to its Oath media assets – Yahoo and AOL – and a severance charge of up to $2.1 billion for voluntary buyouts, in ...

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Dell gets shareholder approval for VMware deal

A logo of Dell Technologies is seen at the Mobile World Congress in Barcelona, Spain February 28, 2018. REUTERS/Yves Herman (Reuters) – Dell Technologies Inc said on Tuesday it has received shareholder approval for its earlier announced deal to buy back shares tied to its interest in software maker VMware (DVMT.N), paving the way for it to return to the ...

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Wall Street opens sharply higher on trade optimism

FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 10, 2018. REUTERS/Brendan McDermid/File Photo (Reuters) – U.S. stocks jumped at the open on Tuesday in broad-based gains led by industrial and technology stocks amid signs of progress in trade talks between the United States and China. The Dow Jones Industrial ...

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