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February 25, 2020
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Reuters - Business

Coronavirus sparks deepest S&P 500 drop since early 2018

Reuters
SAN FRANCISCO (Reuters) – The S&P 500 suffered its worst day in two years on Monday as a surge in coronavirus cases outside China rattled investors already worried about valuations following recent record highs. FILE PHOTO: The New York Stock Exchange building is seen from Broad Street in Lower Manhattan......
Reuters - Business

U.S. Supreme Court rejects Apple appeal in patent fight with VirnetX

Reuters
FILE PHOTO: The Apple Inc. logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar/File Photo WASHINGTON (Reuters) – The U.S. Supreme Court on Monday refused to hear Apple Inc’s bid to avoid paying about $440......
Reuters - Business

We can live with German, EU ideas on vendor regulation: Deutsche Telekom

Reuters
Timotheus Hoettges, Chief Executive Officer of Germany’s telecommunications giant Deutsche Telekom AG addresses the company’s annual news conference in Bonn, Germany, February 19, 2020. REUTERS/Wolfgang Rattay BERLIN (Reuters) – It looks as though German and European policy makers are working towards rules governing vendors of telecoms network equipment that Deutsche......
Reuters - Business

U.S. urges EU to use 5G by Ericsson, Nokia, Samsung, seen on par with Huawei

Reuters
LISBON (Reuters) – EU countries have no reason to use 5G mobile technology from Huawei because Sweden’s Ericsson (ERICb.ST), Finland’s Nokia (NOKIA.HE) and South Korea’s Samsung (005930.KS) are on par with the Chinese group in the field, a senior U.S. diplomat said. FILE PHOTO: The EU flag and a smartphone......
Reuters - Business

U.S. judge rejects Huawei challenge to federal law restricting its business

Reuters
FILE PHOTO: The Huawei logo is pictured at the IFA consumer tech fair in Berlin, Germany, September 6, 2019. REUTERS/Hannibal Hanschke (Reuters) – A federal judge in Texas on Tuesday rejected Chinese telecommunications equipment maker Huawei Technologies’ constitutional challenge to a U.S. law that restricted its ability to do business......
Reuters - Business

Apple warns sales to fall short of target due to coronavirus impact

Reuters
(Reuters) – Apple Inc (AAPL.O) warned on Monday it was unlikely to meet its March quarter sales guidance set just three weeks ago as the world’s most valuable technology firm became one of the biggest corporate casualties of China’s coronavirus epidemic. FILE PHOTO: The Apple Inc. logo is seen hanging......
Reuters - Business

Apple unlikely to meet revenue guidance due to coronavirus impact

Reuters
(Reuters) – Apple Inc (AAPL.O) said on Monday it would not meet its revenue guidance for the March quarter because of the coronavirus outbreak slowing iPhone production and weakening demand in China. FILE PHOTO: The Apple Inc. logo is seen hanging at the entrance to the Apple store on 5th......
Reuters - Business

Huawei cyber security chief says no operator gives it access to intercept equipment

Reuters
LONDON (Reuters) – Huawei’s cyber security chief said on Friday that he was not aware of any mobile operator ever having given the Chinese company access to the equipment used to intercept calls when required to do so by security services. FILE PHOTO: The Huawei logo is seen on a......
Reuters - Business

FTC antitrust victory on Qualcomm questioned by appeals court

Reuters
(Reuters) – The U.S. government’s antitrust victory over chip supplier Qualcomm Inc drew tough questions for the Federal Trade Commision from a panel of three appellate judges in San Francisco on Thursday. FILE PHOTO: A Qualcomm sign is pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019.......
Reuters - Business

U.S. accuses Huawei of stealing trade secrets, assisting Iran

Reuters
NEW YORK (Reuters) – U.S. prosecutors on Thursday accused Huawei of stealing trade secrets and helping Iran track protesters in its latest indictment against the Chinese company, escalating the U.S. battle with the world’s largest telecommunications equipment maker. FILE PHOTO: The Huawei logo is pictured at the IFA consumer tech......
Reuters - Business

Investors expect any T-Mobile/Sprint deal price haircut to be small

Reuters
(This Feb 11 story corrects reference to value of Sprint’s spectrum in paragraph 11) By Krystal Hu and Sheila Dang (Reuters) – T-Mobile US Inc may be limited in its ability to trim the price of its $40 billion acquisition of Sprint Corp after it overcame regulatory obstacles to completing......
Reuters - Business

Alibaba warns of drop in e-commerce revenues due to coronavirus

Reuters
(Reuters) – Alibaba Group Holding Ltd warned of a drop in revenues at its key e-commerce businesses this quarter as the coronavirus sweeping China hits supply chains and deliveries. FILE PHOTO: The logo of Alibaba Group is seen during Alibaba Group’s 11.11 Singles’ Day global shopping festival at the company’s......
Reuters - Business

Organisers of cancelled mobile conference play down compensation chances

Reuters
BARCELONA (Reuters) – Companies that have spent money on a major telecoms conference in Barcelona that has been cancelled after mass withdrawals due to the coronavirus outbreak cannot expect compensation under the organisers’ standard insurance, they said on Thursday. The GSMA telecoms body cancelled the Feb. 24-27 event on Wednesday......
Reuters - Business

Mobile World Congress in Barcelona called off over coronavirus fears

Reuters
BARCELONA/BERLIN/PARIS (Reuters) – The Mobile World Congress (MWC), the annual telecoms industry gathering that draws more than 100,000 visitors to Barcelona, was canceled on Wednesday after a mass exodus by exhibitors due to fears over the coronavirus outbreak. Bowing to the inevitable, the GSMA telecoms association that hosts the get-together......
Reuters - Business

Lyft forecasts slower growth in 2020, leaves target profit date unchanged

Reuters
(Reuters) – Lyft Inc (LYFT.O) on Tuesday forecast slower revenue growth in the new year and the company refused to match larger rival Uber, which recently moved up a key profit target by a year, sticking to its later date of projected profitability. FILE PHOTO: A Lyft bicycle is shown......
Reuters - Business

Merkel’s conservatives stop short of Huawei 5G ban in Germany

Reuters
BERLIN (Reuters) – Lawmakers from German Chancellor Angela Merkel’s ruling conservatives have backed a position paper on 5G mobile networks that recommends tougher rules on foreign vendors while stopping short of banning China’s Huawei [HWT.UL], sources said. FILE PHOTO: The EU flag and a smartphone with the Huawei and 5G......
Reuters - Business

T-Mobile-Sprint merger wins approval from U.S. judge

Reuters
NEW YORK (Reuters) – T-Mobile US Inc’s edged closer to a takeover of Sprint Corp after a federal judge on Tuesday approved the deal, rejecting a claim by a group of states that said the deal would violate antitrust laws and raise prices. During a two-week trial in December, T-Mobile......
Reuters - Business

U.S. judge expected to rule in favor of Sprint, T-Mobile merger: sources

Reuters
(Reuters) – A U.S. district judge is expected to rule in favor of allowing Sprint and T-Mobile US to merge over the objections of a group of state attorneys general, according to two sources familiar with the matter. Shares of Sprint surged 69% in Monday’s after-hours trade and T-Mobile stock......
Reuters - Business

U.S. appeals court denies Apple bid for rehearing in VirnetX patent case

Reuters
FILE PHOTO: The Apple Inc. logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar/File Photo (Reuters) – A U.S. appeals court on Monday denied a request by Apple Inc (AAPL.O) that it reconsider a decision......
Reuters - Business

China to France: Don’t discriminate against Huawei on 5G networks

Reuters
PARIS (Reuters) – The Chinese embassy in Paris on Sunday urged the French government not to discriminate against Huawei as it selects suppliers for its 5G mobile network, saying it feared the company would face more constraints than rivals. FILE PHOTO: A smartphone with the Huawei and 5G network logo......

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