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February 22, 2020
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Volatile Shares / Hot Stocks

Reuters - Business

U.S. SEC probes Altria’s investment in Juul: source

Reuters
FILE PHOTO: Juul brand vape cartridges are pictured for sale at a shop in Atlanta, Georgia, U.S., September 26, 2019. REUTERS/Elijah Nouvelage/File Photo (Reuters) – U.S. regulators have opened a probe regarding Marlboro maker Altria Group Inc’s (MO.N) investment in e-cigarette maker Juul Labs Inc, according to a person familiar......
Reuters - Business

Deere’s shares hit all-time high on unexpected rise in quarterly profit

Reuters
CHICAGO (Reuters) – Deere & Co’s (DE.N) shares hit an all-time high on Friday after the company reported an unexpected increase in first-quarter profit, but the world’s largest farm equipment maker warned the outbreak of coronavirus would hit sales and earnings in the second quarter. Shares surged 9.7% to their......
Reuters - Business

UniCredit shares fall at open after report Mustier vying for HSBC top job

Reuters
FILE PHOTO: Unicredit bank CEO Jean Pierre Mustier poses during the shareholders meeting in Rome, Italy, January 12, 2017. REUTERS/Remo Casilli/File Photo MILAN (Reuters) – Shares in Italy’s biggest bank UniCredit fell more than 1% at open on Friday following reports Chief Executive Jean Pierre Mustier is being considered for......
Reuters - Business

Shares of HNA affiliates rally after report of China bailout plan

Reuters
BEIJING/SHANGHAI (Reuters) – Shares in affiliates of HNA Group surged on Thursday following a news report that China plans to take over the debt-laden conglomerate as the coronavirus outbreak has further hit its ability to meet financial obligations. FILE PHOTO: The HNA Group logo is seen on the gate of......
Reuters - Business

T-Mobile owner sets sights on becoming U.S. number one

Reuters
BONN, Germany (Reuters) – Deutsche Telekom (DTEGn.DE) is aiming to become market leader in the United States, CEO Tim Hoettges said on Wednesday, now that a deal for its T-Mobile US (TMUS.O) unit to take over Sprint (S.N) is within reach. Timotheus Hoettges, Chief Executive Officer of Germany’s telecommunications giant......
Reuters - Business

Qatar Airways spends $600 million to lift stake in BA owner to 25%

Reuters
LONDON/DUBAI (Reuters) – Qatar Airways has bought a $600 million stake in British Airways-owner IAG (ICAG.L) to increase its holding to 25.1%, strengthening its position ahead of a change in IAG management. FILE PHOTO: A Qatar Airways Boeing 787-8 Dreamliner airplane is pictured at Leonardo da Vinci-Fiumicino Airport in Rome,......
Reuters - Business

U.S. merger within reach, D.Telekom CEO goes on offensive

Reuters
BONN, Germany (Reuters) – The merger between T-Mobile US (TMUS.O) and Sprint (S.N) is within reach, the head of T-Mobile’s main owner Deutsche Telekom (DTEGn.DE) said on Wednesday, vowing to go on the offensive to close a valuation gap with U.S. market leaders AT&T and Verizon. Timotheus Hoettges, Chief Executive......
Reuters - Business

Virgin Galactic’s stock soars, fueled by retail investors

Reuters
SAN FRANCISCO (Reuters) – Virgin Galactic Holdings Inc (SPCE.N) shares surged 24% on Tuesday, extending a rally since early December to over 400% and evoking a warning from an analyst who likes the space tourism company but warns it has become overbought. FILE PHOTO: Sir Richard Branson poses on floor......
Reuters - Business

Alstom, Bombardier shares fall after $6.7 billion rail deal

Reuters
PARIS/MONTREAL (Reuters) – Shares of Alstom SA (ALSO.PA) and Bombardier Inc (BBDb.TO) fell on Tuesday after the French firm agreed to buy its Canadian rival’s rail division for up to 6.2 billion euros ($6.7 billion), a deal likely to draw scrutiny from competition regulators and unions concerned about job cuts.......
Reuters - Business

Coronavirus threatens Apple supply chain, sales; shares drop

Reuters
(Reuters) – Shares of Apple Inc fell 2 % on Tuesday and dragged the stocks of its suppliers across the globe lower, after the iPhone maker warned of lower sales in the current quarter acknowledging that the coronavirus outbreak was pressuring its supply chain. Customers walk past an Apple logo......
Reuters - Business

Alstom shares fall after its $6.7 billion Bombardier rail deal

Reuters
PARIS (Reuters) – Alstom (ALSO.PA) shares fell on Tuesday after the French firm agreed to buy the rail division of Canada’s Bombardier (BBDb.TO) for up to 6.2 billion euros ($6.7 billion), in a deal likely to be scrutinized by regulators and unions. FILE PHOTO: A logo of Alstom is seen......
Reuters - Business

Alstom to buy Bombardier rail unit for up to $6.7 billion

Reuters
PARIS/MONTREAL (Reuters) – France’s Alstom said on Monday it had agreed to buy the train division of Canada’s Bombardier for up to 6.2 billion euros ($6.7 billion), in the latest bid by Western rail companies to bulk up in the face of Chinese competition. Alstom, the maker of TGV bullet......
Reuters - Business

Alstom in talks over $7 billion Bombardier rail deal

Reuters
PARIS (Reuters) – France’s Alstom (ALSO.PA) is in talks to buy the train business of Canada’s Bombardier (BBDb.TO) in a potential $7 billion deal that marks the latest attempt by Western rail companies to bulk up in the face of Chinese competition. Alstom, the maker of TGV bullet trains that......
Reuters - Business

Alstom confirms talks on potential $7 billion Bombardier deal

Reuters
PARIS (Reuters) – French train maker Alstom (ALSO.PA) has confirmed it is in talks on the possible acquisition of the train business of Canada’s Bombardier (BBDb.TO), a potential $7 billion deal that could help it build scale in the increasingly competitive rail sector. FILE PHOTO: Trains are seen at the......
Reuters - Business

Timeline: NMC Health’s expansion and ailments

Reuters
NMC Health said on Monday its founder BR Shetty had resigned as joint non-executive chairman, months after the UAE healthcare group was thrown into turmoil by doubts over its finances. Source – For more click here...
Reuters - Business

Buffett’s Berkshire buys Kroger and Biogen, reduces Wells Fargo and Goldman stakes

Reuters
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Friday said it has taken a $549.1 million stake in Kroger Co, investing in the largest U.S. supermarket chain as smaller rivals struggle. FILE PHOTO – Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from......
Reuters - Business

Renault plans $2.2 billion ‘no taboos’ cost cuts after first loss in a decade

Reuters
PARIS (Reuters) – Renault’s (RENA.PA) first loss in a decade triggered a no-taboos commitment to cut costs by 2 billion euros ($2.2 billion) over the next three years from the carmaker on Friday, as it tries to put the Carlos Ghosn affair behind it. As ex-Volkswagen brand manager Luca de......
Reuters - Business

Renault’s 2020 vision clouded as ‘tough’ year leads to first loss in a decade

Reuters
PARIS (Reuters) – Renault (RENA.PA) reported its first loss in a decade and cut its 2020 margin target on Friday, as it attempts to draw a line under the Carlos Ghosn affair and reboot its Nissan alliance. The logo of French carmaker Renault is seen before the company’s 2019 annual......
Reuters - Business

Mattel beats profit estimates as cost cuts take hold

Reuters
(Reuters) – Mattel Inc (MAT.O) on Thursday beat estimates for quarterly profit as it benefited from a robust cost-cutting program, even as holiday season sales of its flagship Barbie brand in North America were pressured by Hasbro Inc’s (HAS.O) “Frozen” dolls. FILE PHOTO – Barbie dolls are seen in a......
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......

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