Archive for Tag: market news

Vodafone and Deutsche Telekom’s all-you-can-watch deals violate EU rules – court

Vodafone is trading down 0.30% at 121.90 All-you-can-watch video products offered by Vodafone (NASDAQ:VOD)and Deutsche Telekom (OTC:DTEGY) in Germany violated regional rules on roaming and net neutrality, the European Union’s highest court ruled on Thursday. The landmark ruling deals a blow to popular mobile products such as Deutsche Telekom’s...

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Oil edges lower as U.S. pushes OPEC to pump more

Brent Crudewas trading 0.72% down at $71.71. Oil slipped on Tuesday as OPEC and allies geared up for a meeting on Wednesday amid calls from the United States to pump more crude, although Brent still traded well above $70 per barrel. Prices were also under pressure from concerns that...

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McDonald’s, others consider closing indoor seating amid Delta surge in U.S.

McDonald’s Corp (NYSE:MCD)is trading up 0.22% at 237.48 Some U.S. fast-food restaurants are closing indoor seating areas or limiting hours of operation because of the spread of the Delta variant of COVID-19, according to franchisees. McDonald’s Corp (NYSE:MCD)had temporarily closed indoor dining at nearly all U.S. locations in early...

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Oil jumps as storm approaches Gulf of Mexico production hub

Brent Crudewas trading 0.87% down at $70.64. Oil prices rose on Friday and are on track to post big gains for the week on worries about supply disruptions as energy companies began shutting production in the Gulf of Mexico ahead of a possible hurricane forecast to hit on the...

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ING reports $2.5 billion pre-tax profit, plans dividends and buybacks

ING Groep NVis trading up 1.07% at 11.28 ING Groep NVon Friday reported a better-than-expected quarterly pre-tax profit of 2.07 billion euros ($2.45 billion) and said it plans to resume paying dividends as it reversed some provisions for bad loans taken amid the coronavirus pandemic. Analysts had forecast a...

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UK competition regulator looking into $39 billion AstraZeneca-Alexion deal

AstraZeneca (NASDAQ:AZN) is trading down 0.26% at 8129.00 Britain’s competition regulator is reviewing AstraZeneca (NASDAQ:AZN)’s $39 billion buyout of U.S.-based Alexion (NASDAQ:ALXN) on concerns it could reduce competition in the UK market or elsewhere. The UK’s Competition and Markets Authority (CMA) said on Tuesday it was inviting comments from...

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With electrification, Nissan’s Gupta sees new spark for Renault tie-up

Nissan Motor Co is trading up 0.89% at 532.80 Nissan (OTC:NSANY) Motor Cowill standardise and share electric-vehicle components with alliance partner Renault SA (OTC:RNLSY), the Japanese automaker’s chief operating officer (COO) said, describing electrification as the partnership’s new lynchpin. The Franco-Japanese alliance, which also includes junior member Mitsubishi Motors...

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Netflix subscriber growth slows after pandemic boom, shares fall 11%

Netflix Inc said slower production of TV shows and movies during the pandemic hurt subscriber growth in the first quarter, sending shares of the world’s largest streaming service down 11% on Tuesday. Roughly 3.98 million people signed up for Netflix from January through March, below the 6.25 million average...

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Bank of America profit more than doubles on reserve release boost

Bank of America (NYSE:BAC) UP 1.42% AT 39.88 Bank of America Corp’s profit more than doubled in the first quarter and topped Wall Street estimates as it released reserves it had set aside to cover potential coronavirus loan losses. The second-largest U.S. bank by assets unlocked $2.7 billion from...

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