03 June

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Renault to combine three French plants for electric vehicles hub By Reuters

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PARIS (Reuters) - French carmaker Renault (PA:RENA) will combine three of its plants in northern France into a new legal entity, Renault ElectriCity, to focus on electric vehicle manufacturing, two sources close to the matter told Reuters. The new company will include the Douai car assembly site, the Ruitz gearbox manufacturing site and the Maubeuge commercial vehicles assembly plant from Jan. 1, 2022. Renault confirmed that a new project will be submitted to unions next week but declined further comment. ...

03 June

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Twitter begins rolling out subscription product to undo tweets, customize app By Reuters

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By Sheila Dang (Reuters) - Twitter Inc (NYSE:TWTR) on Thursday said it will roll out a new subscription product initially in Australia and Canada called Twitter Blue, which will let paying users edit their tweets before posting and change the color theme of their app. Details of the feature were first uncovered last month by software engineer Jane Manchun Wong, who is well-known in the tech industry for reverse engineering apps and discovering new features before they are officially launched. Twitter Blue is the social media company's first subscription offering, and a significant move...

03 June

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FireEye Slumps On Deal To Sell Products Business, Firm’s Name By Investing.com

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By Dhirendra Tripathi Investing – FireEye (NASDAQ:FEYE) shares plunged Thursday after the company’s decision to sell its products business, including the FireEye name. Private-equity firm Symphony Technology will buy the products business and the company name for $1.2 billion in cash, FireEye said in a note. The transaction is expected to close by December. FireEye shares tumbled 14% on Thursday. The company’s announcement of up to $500 million share buyback failed to impress investors who were disappointed by the twin sales. The deal will separate FireEye's network, email and cloud security products from its cyber...

03 June

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Take Two Snags Upgrade as Jefferies Sees ‘Significant’ Growth Ahead By Investing.com

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By Christiana Sciaudone Investing.com -- Take-Two Interactive Software Inc (NASDAQ:TTWO) snagged an upgrade from Jefferies (NYSE:JEF), with significant growth expected. Shares of the videogame maker were little changed. Analyst Andrew Uerkwitz upgraded the stock to buy from hold, and raised the price target to $231 from $185, StreetInsider reported. There is “an abundance of opportunity to significantly grow net bookings and earnings” in the coming years with the company planning to launch dozens of titles in the coming years, Uerkwitz wrote in a note. Shares of Take-Two hit a record last year...

03 June

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UK’s Workspace posts loss, sees 2-year recovery from pandemic By Reuters

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By Aby Jose Koilparambil (Reuters) - Workspace Group on Thursday slipped to its first annual loss in 12 years as COVID-19 battered occupancies and rents, with the office-space provider saying it would take a couple of years to recover to pre-pandemic levels. Shares of the FTSE 250 firm fell as much as 3.6% after it said it lost around a tenth of its customers, comprising mostly small and medium-sized enterprises and entrepreneur businesses, in the wake of the coronavirus pandemic. Employees and consumers were marooned at homes by lockdowns, while companies were forced to cut costs...

03 June

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No new countries to be added to UK’s travel ‘green list’ – The Sun By Reuters

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LONDON (Reuters) - No new countries will be added to Britain's green list for international travel when the number of quarantine-free destinations is updated later on Thursday, The Sun reported. The newspaper, which did not name its sources, also said talks were ongoing to decide whether Portugal, a popular holiday destination for Britons, would remain open for travel. Airlines and travel companies have been hoping the green list will be expanded, and any failure to add more destinations will be a fresh blow for the tourism industry which had looked to June for a recovery...

03 June

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AMC Entertainment, Tesla and FireEye Fall Premarket By Investing.com

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By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Thursday, June 3rd. Please refresh for updates. AMC Entertainment (NYSE:AMC) stock fell 5.9%, overturning earlier premarket gains of over 20%, after the meme stock favorite announced plans to sell over 11 million shares. The movie theatre chain has recently seen its market value soar over $30 billion, making it bigger than at least half of the companies in the S&P 500 index. Blackberry (TSX:BB) stock rose 13% and Workhorse (NASDAQ:WKHS) stock rose 16% as other stocks joined the retail frenzy...

03 June

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Lebanon tribunal scraps new trial of Hariri assassin because of funding shortage By Reuters

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THE HAGUE (Reuters) - Judges at a U.N. tribunal for Lebanon have scrapped a new trial against the man convicted of the 2005 assassination of Prime Minister Rafik Hariri, because they expect the court to run out of money and be forced to shut down before it can finish. Last year the tribunal, located near The Hague, convicted Salim Jamil Ayyash, a former member of the Shi'ite movement Hezbollah, in absentia for the bombing that killed veteran Sunni Muslim politician Hariri and 21 others. That ruling is being appealed. A second case was meant to begin...

03 June

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Economists Brace for Another Volatile Monthly U.S. Jobs Report By Bloomberg

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(Bloomberg) -- Economists, blindsided by a major miss in April’s U.S. employment report, are now ready for any number of surprises. Estimates for May payrolls growth are wide-ranging -- from 335,000 to 1 million, according to a Bloomberg survey. After the previous month’s disappointment, in which employment fell short of all projections, some forecasters have tweaked their models ahead of Friday’s Labor Department report. “I have a range of models that spit out zero and others that spit out a million,” said Aneta Markowska, chief U.S. financial economist at Jefferies (NYSE:JEF) LLC. “That’s the world we...

03 June

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Dollar climbs ahead of U.S. jobs data By Reuters

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By Ritvik Carvalho LONDON (Reuters) - The U.S. dollar rose on Thursday as traders waited for a batch of U.S. economic data that could set the tone at central bank meetings later this month. Investors have bet on the dollar falling as the world recovers from the COVID-19 pandemic, but they have lately grown nervous over whether a surprisingly strong U.S. economic rebound poses a threat to the assumption that interest rates will stay low for a long time. The mood has kept speculators from adding much to short positions in recent weeks and has put...

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Renault to combine three French plants for electric vehicles hub By Reuters

Twitter begins rolling out subscription product to undo tweets, customize app By Reuters

FireEye Slumps On Deal To Sell Products Business, Firm’s Name By Investing.com

Take Two Snags Upgrade as Jefferies Sees ‘Significant’ Growth Ahead By Investing.com

UK’s Workspace posts loss, sees 2-year recovery from pandemic By Reuters

No new countries to be added to UK’s travel ‘green list’ – The Sun By Reuters

AMC Entertainment, Tesla and FireEye Fall Premarket By Investing.com

Lebanon tribunal scraps new trial of Hariri assassin because of funding shortage By Reuters

Economists Brace for Another Volatile Monthly U.S. Jobs Report By Bloomberg

Dollar climbs ahead of U.S. jobs data By Reuters

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