North America to weigh on Under Armour’s 2019 revenue growth, shares slide

FILE PHOTO: An Under Armour logo is seen on a running shoe on display at an store in Chicago, Illinois, U.S., October 25, 2016. REUTERS/Jim Young/File Photo (Reuters) – Under Armour Inc (UAA.N) on Wednesday forecast 2019 revenue growth and profit below analysts’ estimates, citing relatively flat sales in North America, sending its shares down […]

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U.S. FCC considers ending merger ban among broadcast networks

WASHINGTON (Reuters) – The Federal Communications Commission on Wednesday voted to open a new review of U.S. media ownership rules and seek comments on whether the government should end a prohibition on mergers among the four largest broadcast networks. Chairman Ajit Pai speaks ahead of the vote on the repeal of so called net neutrality […]

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China’s Tencent Music raises nearly $1.1 billion in U.S. IPO

NEW YORK/HONG KONG (Reuters) – China-based music streaming company Tencent Music Entertainment Group (TME.N) said it raised close to $1.1 billion in its U.S. initial public offering (IPO) after pricing its shares at the bottom of its targeted range. The music arm of gaming and social network giant Tencent Holdings Ltd (0700.HK) priced its American […]

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Exclusive: Airbus staff error led to fatal Mali copter crash – German official

FILE PHOTO: The logo of Airbus is pictured at the Airbus A330 final assembly line at Airbus headquarters in Colomiers, near Toulouse, France, November 26, 2018. REUTERS/Regis Duvignau BERLIN (Reuters) – The fatal crash of a German armed forces helicopter in Mali last year was caused by the failure of mechanics from manufacturer Airbus to […]

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Former Malaysian PM Najib, 1MDB ex-CEO face fresh corruption charges

KUALA LUMPUR (Reuters) – Malaysian prosecutors on Wednesday filed new graft charges against former prime minister Najib Razak and the former chief executive of scandal-linked state fund 1MDB, in the latest cases over alleged theft of billions of dollars from the fund. FILE PHOTO: Malaysia’s former Prime Minister Najib Razak leaves a court in Kuala […]

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Canada frees CFO of China’s Huawei on bail; Trump might intervene

VANCOUVER (Reuters) – A top executive of Chinese telecoms giant Huawei Technologies Co Ltd was granted bail by a Canadian court on Tuesday, 10 days after her arrest in Vancouver at the request of U.S. authorities sparked a diplomatic dispute. Meng Wanzhou, Huawei’s [HWT.UL] chief financial officer and the daughter of its founder, faces U.S. […]

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SoftBank plans Nvidia stake sale soon, could make about $3 billion: Bloomberg

FILE PHOTO: The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. REUTERS/Tyrone Siu/File Photo TOKYO (Reuters) – SoftBank Group Corp (9984.T) is planning to sell its stake in Nvidia Corp (NVDA.O) early next year as the U.S. chipmaker’s shares slide, Bloomberg reported, citing people familiar […]

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China detains former Canadian diplomat as Huawei CFO returns to court

VANCOUVER/BEIJING (Reuters) – Canada confirmed on Tuesday that one of its citizens was detained in China but said it saw no explicit connection to the arrest in Vancouver of a top executive at Chinese telecoms giant Huawei Technologies Co [HWT.UL]. Confirmation of the detention came soon after the executive, Huawei CFO Meng Wanzhou, returned to […]

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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, 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 […]

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