EU News Digest Latest News & Updates
Matt Lewis | Global Cricket Ventures| Getty Images Vijay Mallya looks on during the Airtel Champions League Twenty20 Gala Dinner at UB City on October 7, 2009 in Bangalore, India. A London court ordered that Indian tycoon Vijay Mallya should be extradited from Britain to India, where he faces fraud …
Read More »There’s one sector in the market doing great on Monday: Defense stocks
Simon Dawson | Bloomberg | Getty Images A model of a Raytheon fighter jet is seen on display at a Farnborough International Airshow in Farnborough, U.K. Defense stocks rose on Monday after Politico reported that President Donald Trump is asking for a $750 billion defense budget in fiscal 2020. The …
Read More »Papa John’s revamps loyalty program in bid to win back diners
Luke Sharrett | Bloomberg | Getty Images Signage is displayed outside a Papa John’s International pizza restaurant in Louisville, Kentucky. It’s been a challenging year for Papa John’s. Public scandals surrounding its founder and a massive decline in same-store sales has pressured the company into making major changes to its …
Read More »Retail crushed ahead of holidays, charts point to more pain
Investors are checking out of retail with the sector on track to post its worst quarter since the financial crisis, and one top technician says Costco could be the next victim of the sell-off. Shares of the big-box retailer are up nearly 19 percent year to date, compared with a …
Read More »Google shutting down social network sooner because of new security bug
Sean Gallup | Getty Images A worker pauses while preparing the Google stand the day before the CeBIT 2012 technology trade fair officially opens to the public on March 5, 2012 in Hanover, Germany. Google is shutting down its beleaguered social network sooner than expected in the wake of a …
Read More »Small-business optimism dips over fears of an economic slowdown
John Elk III/Lonely Planet Images/Getty Images People walk down historic Main St. in Deadwood, South Dakota. Although tax cuts and regulatory rollbacks this year fueled small-business optimism to hit its highest level in decades, the latest CNBC|SurveyMonkey Small Business Survey, released Monday, reveals that small-business confidence is starting to cool. …
Read More »GoPro is moving camera production out of China over tariff concerns
David Paul Morris | Bloomberg | Getty Images Nick Woodman, founder and chief executive officer of GoPro Inc., speaks during an event in San Francisco, California, U.S., on Thursday, Sept. 28, 2017. GoPro announced Monday it is pulling camera production out of China by summer 2019 to avoid being caught …
Read More »UK banks may have been used for Iran payments related to Huawei: WSJ
Jane Wolsak | Reuters Huawei CFO Meng Wanzhou, who was arrested on an extradition warrant, appears at her B.C. Supreme Court bail hearing along with a translator, in a drawing in Vancouver, British Columbia, Canada December 7, 2018. British banks Standard Chartered and HSBC were reportedly among financial institutions misled …
Read More »Winter Storm Diego grounds more than 1,400 flights
Scott Olson | Getty Images News | Getty Images American Airlines aircraft at the gates in O’Hare International Airport, Chicago. Airlines canceled more than 1,400 flights over the weekend, as a wintry storm from Virginia to Florida snarled air travel, with disruptions likely to spill over into the work week. …
Read More »Apple acquires Platoon music talent development start-up
Robert Galbraith | Reuters Apple CEO Tim Cook, left, greets senior vice president of internet services and software Eddy Cue. Apple is building up its music business with an acquisition of a small tech startup that helps discover and develop emerging musical artists. Apple confirmed to CNBC it purchased Platoon, …
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