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Airbus investing up to €1 billion in A220 passenger jet programme this year
Airbus SEplans to invest between 500 million euros and 1 billion euros (£837 million) this year on its A220 passenger jet programme, Chief Executive Guillaume Faury said on Thursday at the company's A220 factory in Mirabel, just outside Montreal.Earlier in February, Airbus raised its stake in the A220 programme - known as Airbus Canada - to 75% from 50.1% after teaming up with the government of the Canadian province of Quebec to buy Bombardier's33.5% stake.With the deal, Bombardier exited -
Wells Fargo's Mike Mayo on Morgan Stanley Agreement To Buy E*Trade
Feb.20 -- Mike Mayo, Wells Fargo securities senior analyst, discusses Morgan Stanley's agreement to buy E*Trade for $13 Billion.He speaks with Vonnie Quinn and Guy Johnson on "Bloomberg Markets: European Close." -
Rio Tinto seeks international arbitration on tax dispute with Mongolia
"We have worked diligently with the government and tax office representatives in Mongolia to find a mutually acceptable settlement and came to the conclusion that arbitration is the best way forward to resolve this issue," Rio said in a statement.The dispute relates to taxes paid by Oyu Tolgoi between 2013 and 2015. -
There is a 'Big Slug' of Production Growth Coming: Parsley CEO
Feb.20 -- In this week’s “Commodity-In-Chief” on “Bloomberg Commodities Edge”, Bloomberg's Alix Steel talks with Parsley Energy CEO Matt Gallagher. This week Parsley Energy reported adjusted earnings per share for the fourth quarter that missed the average analyst estimate. The company did though raise its dividend. Gallagher discusses recent deals and the underperformance of U.S. explorers. -
Pioneer Joins Permian Oil Dividend Party As Exxon 'Gets It Wrong'
Feb.20 -- Pioneer Natural Resources became the latest Permian oil producer to hike its dividend as shareholders push for better returns. Fellow shale oil producers Concho Resources, Diamondback Energy, Devon Energy and Parsley Energy also increased their dividends. On "Bloomberg Commodities Edge", Bloomberg's Alix Steel talks with Paul Sankey, senior oil and gas analyst at Mizuho Securities, about the dividend hikes. -
Allianz's Mona Mahajanl on Coronavirus Impact on The Markets
Feb.20 -- Mona Mahajan, Allianz director and U.S. investment strategist discusses the impact of coronavirus on the markets.She speaks with Joe Weisenthal and Romaine Bostick on "Bloomberg Markets: The Close." -
Creator of copy and paste command, Larry Tesler, dies aged 74
Creator of copy and paste command, Larry Tesler, dies aged 74Scientist copied the printing technique of physically cutting and glueing printed text -
Asian Airlines Facing $27.8 Billion Revenue Loss from Virus, IATA CEO Says
Feb.20 -- Alexandre de Juniac, chief executive officer and director general of the International Air Transport Association, discusses the financial impact to passenger airlines due to the coronavirus outbreak in China. He speaks with Bloomberg's Shery Ahn on "What'd You Miss?" -
Inside Disney's rush to deliver Baby Yoda toys
via bbc.co.ukThe new Star Wars character could help lift the toy industry - if the products ever arrive. -
HP adopts poison pill after Xerox's buyout attempts
Xerox recently raised its offer earlier this month by $2 to $24 per share, following several rejections of its previous buyout offers by the PC maker.The implementation of the stockholder rights plan aims to stop investors from amassing more than a 20% stake in the company."The rights will not prevent a combination of HP with another business, but should encourage Xerox (or anyone else seeking to acquire the Company) to negotiate with the Board prior to attempting to impose some combination that -
U.S.-India trade deal unlikely before Trump's India trip - business group
The United States and India are unlikely to reach a limited trade agreement in time for U.S. President Donald Trump's visit to India next week as proposed new Indian tariffs have complicated negotiations, the head of a U.S.-based business group said on Thursday.Nisha Biswal, president of the U.S.-India Business Council, told reporters that hopes were fading for the two sides to quickly bridge gaps in their efforts to restore some U.S. trade preferences for India and improve access for selected U -
Italy's UBI weighs tie-up with Monte dei Paschi, other deals to fend off Intesa - sources
Italy's UBI Bancais looking at alternative merger plans to fend off an unwanted bid from Intesa Sanpaoloand may explore a takeover of Monte dei Paschias part of its defence, two sources told Reuters.The mid-sized bank aims to become an acquirer of weaker rivals, rather than a target, and has hired Credit Suisseto outline its defence strategy, the sources said, speaking on condition of anonymity because the matter is confidential.Its target list includes ailing Tuscan bank Monte dei Paschi which -
Data breach hits agency overseeing White House communications
via bbc.co.ukThe personal data of about 200,000 people is exposed in a cyber-attack. -
T-Mobile, Sprint near agreement on new merger terms - WSJ
Deutsche Telekom AG , T-Mobile's parent, will own 43% of the combined company, up from just below 42% earlier, the report added.T- Mobile US did not immediately respond to a Reuters request for comment, while Sprint declined to comment.Last week, a federal judge approved the merger deal, rejecting a claim by a group of states that said the proposed transaction would violate antitrust laws and raise prices. -
T-Mobile, Sprint amend merger terms, SoftBank takes a hit
Under the revised deal, SoftBankwill hold about 24% of the combined entity, down from 27% under the earlier terms.T-Mobile's parent Deutsche Telekomwill hold about 43% of the combined entity, up from the 42% that the German group would have held.Shares of Sprint were up 5% to $9.95, while T-Mobile fell 1.5% to $98 in trading after the bell. -
Why Virgin Galactic Shares Are Taking Off
Feb.20 -- Virgin Galactic Holdings Inc. climbed as much as 8.2% to a record high, bucking calls from Morgan Stanley analyst Adam Jonas, who said the stock is overdue for a “modest correction.” Bloomberg's Luke Kawa has more on "Bloomberg Markets: The Close." -
US campaign against Huawei's 5G role in UK set to continue
US campaign against Huawei's 5G role in UK set to continue. Issue raised by Trumps chief of staff Mick Mulvaney in meeting with Dominic Cummings -
Serco wins contract to run immigration detention centres
Concerns over outsourcing after previous provider G4S accused of ‘system failure’ -
Judge dismisses case seeking to declare elephant named Happy a human
A judge has dismissed a lawsuit against Bronx Zoo that sought to declare an Asian elephant named Happy a person with a right to be free.The ruling was made by a judge in New York City after the Nonhuman Rights Project brought forward the case, according to ABC news. -
Spotlight turns to Goldman Sachs after Morgan Stanley deal
For months, the watercooler chatter around big Wall Street banks focused on whether Goldman Sachs Group Incwould finally pursue a major deal.Instead, Goldman's top rival beat it to the punch.On Thursday, Morgan Stanleysaid it plans to acquire E*Trade Financial Corpfor $13 billion, cementing its position as a hub where individuals manage their finances. -
Outbreak will not change China's commitments to buy U.S. goods - senior U.S. official
The U.S. government expects China to honour its commitments to buy more U.S. goods under a trade deal signed by the world's two largest economies in January despite the fast-spreading coronavirus outbreak, a senior U.S. official said on Thursday.The U.S. Treasury official said it was too soon to make accurate forecasts for the impact of the virus on the global economy, but the base case scenario sees China's growth dropping in the first quarter and then rebounding sharply.The International Monet -
Gorman Says 'No-Brainer' E*Trade Deal Won't Change Fabric of Morgan Stanley
Feb.20 -- Morgan Stanley Chairman and Chief Executive Officer James Gorman comments on the company's agreement to buy E*Trade Financial Corp. for $13 billion. He speaks with Bloomberg's Sonali Basak on "Blooomberg Markets: European Close." -
Barclays using 'dystopian Big Brother' tactics to spy on staff, says TUC
Barclays using 'dystopian Big Brother' tactics to spy on staff, says TUCBank admits using tracking software to log how long staff spend away from their desks -
Barclays scraps ‘Big Brother’ tracking software after backlash from staff and campaigners
Barclays has scrapped a “Big Brother style” system that monitored employees’ computers, tracking their working habits and how long they spent on breaks.Following a backlash from privacy campaigners, the bank said it had axed a pilot of the tracking system which claims to offer “unprecedented transparency“ for companies. -
BAE Systems backs Boris’s bid to get value for defence spend
Defence major BAE Systems backed the Government’s push to get value for money for UK taxpayers on Thursday amid suggestions Downing Street could crack down on the sector in a looming spending review.Prime Minister Boris johnson’s key adviser Dominic Cummings has reportedly singled out BAE Systems for providing poor value for money for taxpayers. -
Morgan Stanley's Leadership Future Is 'Not Me,' Says CEO Gorman
Feb.20 -- Morgan Stanley Chairman and Chief Executive Officer James Gorman discusses his future at the firm with Bloomberg's Sonali Basak on "Bloomberg Markets: European Close." -
Huawei says no impact to 5G supply from coronavirus
China's Huawei said on Thursday its factories had resumed production and there would be no impact from coronavirus on the supply of 5G telecoms equipment to its customers.Yang Chaobin, Huawei's president of the 5G product line, said currently 5G equipment is manufactured in Huawei's own factories."Since the outbreak of the virus it's been some time and actually all Huawei's own factories have resumed production, and currently the 5G equipment is manufactured in Huawei's own factories," he told r -
Huawei says no impact on 5G supply from coronavirus
China's Huawei [HWT.UL] said on Thursday the coronavirus outbreak would not affect the supply of 5G telecoms equipment to its customers after its factories resumed production.Yang Chaobin, Huawei's president of the 5G product line, said 5G equipment was currently manufactured in Huawei's own factories."Since the outbreak of the virus it's been some time and actually all Huawei's own factories have resumed production," he told reporters in London. -
Summer rentals to pay off the mortgage: the village changed by Airbnb
Summer rentals to pay off the mortgage: the village changed by Airbnb. Rental site has boosted tourism in Woolacombe - but some say housing is unaffordable -
Soaring rents and noisy parties: how Airbnb is forcing out Barcelona locals
Soaring rents and noisy parties: how Airbnb is forcing out Barcelona locals. Holiday listings have shot up in Sant Pere, altering the character and economy of the neighbourhood -
Revealed: the areas in the UK with one Airbnb for every four homes
Revealed: the areas in the UK with one Airbnb for every four homes. ‘Out-of-control’ dominance of rentals in some communities depriving locals of homes, critics say -
European markets slip during subdued trading amid coronavirus caution
The FTSE 100 flight closed 20.38 points lower at 7,436.64 at the end of trading on Thursday. -
Forget saving money! I’d invest using these 3 Warren Buffett tips
I think adopting a value investing strategy such as that used by Warren Buffett could be a better idea than having cash savings.The post Forget saving money! I'd invest using these 3 Warren Buffett tips appeared first on The Motley Fool UK. -
What secrets? Apple embroiled in row over book by German former executive
Applehas become embroiled in a publishing row in Germany after it tried to halt sales of a book written by a former executive, saying it disclosed secrets about the App Store.'App Store Confidential', by self-styled German rapper, ski instructor and marketing manager Tom Sadowski, is part autobiography and part self-help guide for Generation Z readers looking to navigate their way into the tech scene.Until late last year, Sadowski was the head of Apple App Store in Germany. -
Les Wexner sells control of Victoria's Secret amid declining sales
Les Wexner sells control of Victoria's Secret amid declining sales. Billionaire who was tied to Jeffrey Epstein said he would step down as chief executive and chairman of L Brands -
Les Wexner sells control of Victoria's Secret amid declining sales
Les Wexner sells control of Victoria's Secret amid declining salesBillionaire who was tied to Jeffrey Epstein said he would step down as chief executive and chairman of L Brands -
3 things I think could boost the Royal Mail share price in 2020
Royal Mail (LON: RMG) shares have lost a third of their value in 12 months. Can 2020 turn things round?The post 3 things I think could boost the Royal Mail share price in 2020 appeared first on The Motley Fool UK. -
One injured in London mosque stabbing
A man has been arrested after a stabbing inside London Central Mosque in Regent's Park. A man is being treated for non-life-threatening injuries, while the suspect has been arrested on suspicion of attempted murder. Scotland Yard say the stabbing is not being treated as terror related. -
Bahnsen 'Stunned' by Morgan Stanley-E*Trade Deal, Predicts Difficult Merger
Feb.20 -- David Bahnsen, chief investment officer and managing partner of The Bahnsen Group, reacts to Morgan Stanley's agreement to buy E*Trade Financial Corp. for $13 billion. He speaks with Bloomberg's Alix Steel on "Bloomberg Daybreak: Americas." -
Barclays scraps ‘Big Brother’ spyware which tracks employees
The bank said it has stopped using the Sapience system after a pilot week from feedback from colleagues. -
Victoria’s Secret taken private by Sycamore Partners in deal that values brand at $1.1 billion
A controlling stake in Victoria’s Secret is on the cusp of being sold in a deal that values the lingerie brand, famed for its fashion shows, at $1.1 billion (£848 million).New York-based private-equity group Sycamore Partners is expected to buy 55% and take the company private, according to the Wall Street Journal. -
Britons increasingly shun relatives and neighbours in favour of smartphones, study finds
This may not come as a surprise to anyone living in a modern UK town or city, but Britons are interacting less with their neighbours or elderly parents and far more with their mobile phone.A detailed exercise attempting to spot changing trends in personal relationships, social network support, civic engagement, and trust points to a growing individualism. -
Reckless driver hits pedestrian, drives to beer garden with mangled body
via ibtimes.co.ukAfter a pedestrian was hit by a vehicle, his body went through the car's windshield and was driven to a beer garden where the driver went to have a drink. -
Turkey Asks U.S. to Deploy Patriot Missiles to Deter Russia in Idlib
Feb.20 -- Turkey asked the U.S. to deploy two Patriot missile-defense systems on its southern border in order to deter Russian attacks in Idlib. Bloomberg’s Onur Ant reports on "Bloomberg Markets." -
Neighbour finds body of man electrocuted by charging phone
via ibtimes.co.ukThe body of a Thai man was discovered with headphones in his ears plugged into a charging phone. -
I think this FTSE 250 stock looks well priced for growth and income investors
Moneysupermarket.com delivered impressive full-year results today and looks to be in a good position to continue to impress.The post I think this FTSE 250 stock looks well priced for growth and income investors appeared first on The Motley Fool UK. -
Cat survives being shot in the head with an arrow
via ibtimes.co.ukRescuers named a cat Cupid after it was discovered with an arrow sticking out of its head on Valentine's Day. -
Leicester's Ndidi won't be rushed back - Rodgers
Ndidi required surgery last month after taking a knock in training.Although the Nigerian played twice at the end of January, Rodgers wants him to recover fully before he is selected again.No player has made more tackles and interceptions in the Premier League this season than the 23-year-old Ndidi who has helped Leicester climb to third in the table. -
Gender reassignment surgery or death: 'cleansing' of homosexuals in Iran
via ibtimes.co.ukIranian government forces homosexual people to choose between unwanted gender reassignment surgeries or public execution -
Why I’d dump the NMC Health share price and buy this health stock instead
The NMC share price gained nearly 10% Thursday, but I think buying now could be courting disaster.The post Why I'd dump the NMC Health share price and buy this health stock instead appeared first on The Motley Fool UK.
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