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23 February
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Huawei delivers ‘slight’ growth in challenging 2020, chairman says By Reuters

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By Josh Horwitz Shanghai, China (Reuters) - Chinese telecom equipment maker Huawei Technologies, which is struggling under U.S. sanctions, saw slight growth in its annual performance, helped by significant levels of confidence from its customers. Huawei was confronted with "extraordinary difficulties" last year, though operations were relatively stable, with partners continuing to support the company, rotating Chairman Ken Hu said at...

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23 February
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Asian stocks edge higher, led by rally in commodities By Reuters

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By Anshuman Daga and Echo Wang SINGAPORE/MIAMI (Reuters) - Asian stocks rebounded from two-week lows struck on Tuesday as rising commodity prices boosted market expectations of an improved growth outlook, a day after rising U.S. Treasury yields and inflation prospects hit U.S. tech shares. MSCI's broadest index of Asia-Pacific shares outside Japan ticked up 0.2% after dipping to 719.8, the lowest level...

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23 February
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Damage to United Boeing 777 engine consistent with metal fatigue – NTSB By Reuters

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By David Shepardson and Jamie Freed WASHINGTON (Reuters) - U.S. National Transportation Safety Board (NTSB) Chairman Robert Sumwalt said Monday that damage to a fan blade in a Pratt & Whitney engine that failed in a United Airlines Boeing (NYSE:BA) 777-200 is consistent with metal fatigue, according to a preliminary assessment. At a news briefing, Sumwalt said it was not clear whether...

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23 February
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Johnson & Johnson sets aside almost $4 billion for talc verdict, filing shows By Reuters

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(Reuters) - Drugmaker Johnson & Johnson (NYSE:JNJ) set aside $3.9 billion in litigation expenses in 2020, which it said was "primarily associated with talc-related reserves and certain settlements". The company faces 25,000 lawsuits by former users of its baby powder who say asbestos-laced talc in the product caused their cancers, it said in a securities filing https://johnsonandjohnson.gcs-web.com/static-files/e2a329b4-aeb6-438d-a449-f0e282cf8ee0 on Monday. The figure is...

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23 February
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Australia says Facebook to restore pages after changes to landmark legislation By Reuters

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CANBERRA (Reuters) - Facebook Inc (NASDAQ:FB) will restore Australian news pages in the next few days after Canberra agreed to amend legislation that would force the social media giant to pay media companies for news content. Australia and Facebook have been locked in a stand-off for more than a week as Canberra pushed ahead with the measure, aimed at...

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23 February
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Tesla rival Lucid Motors to go public in $11.8 billion blank-check merger By Reuters

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(Reuters) - Luxury electric vehicle maker Lucid Motors on Monday agreed to go public by merging with blank-check firm Churchill Capital IV Corp in a deal that valued the combined company at $11.75 billion. Lucid, run by an ex-Tesla engineer, is the latest firm to tap the initial public offering market, with investors rushing into the EV sector, spurred by the rise...

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23 February
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Spotify to launch in 85 new markets, reach more than a billion listeners By Reuters

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By Supantha Mukherjee and Kenneth Li STOCKHOLM/NEW YORK (Reuters) - Spotify said on Monday it would nearly double its market presence by launching in 85 new markets in the next few days, making the music streaming service available to more than a billion people around the world. The company's shares, which were down in early trading, reversed course to rise as much...

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23 February
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Cadence Design Earnings, Revenue Beat in Q4; Delivers Upbeat Guidance By Investing.com

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By Yasin Ebrahim Cadence Design (NASDAQ:CDNS) reported Monday fourth-quarter results that topped analysts expectations and delivered upbeat revenue guidance Cadence Design rose 2% in aftermarket hours following its quarterly report. For the first quarter of 2021, the company expects diluted EPS to be in the range of 72 cents to 76 cents on revenue in the range of $710 million to $730 million....

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23 February
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Cadence Design Earnings, Revenue beat in Q4 By Investing.com

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Cadence Design (NASDAQ:CDNS) reported on Monday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations. Cadence Design announced earnings per share of $0.83 on revenue of $759.9M. Analysts polled by Investing.com anticipated EPS of $0.7441 on revenue of $732.27M. Cadence Design shares are down 2% from the beginning of the year and are trading at $133.28...

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