DL-Protect


U.S. prosecutors seek to disqualify Huawei defense lawyer: filing






(Reuters) - U.S. prosecutors on Thursday filed a motion to disqualify the lead defense lawyer for Huawei Technologies Co Ltd from the case accusing the Chinese company of bank fraud and sanctions violations, according to a filing in U.S. District Court in Brooklyn, New York.

The lawyer, James Cole, was the No.2 official at the Justice Department between 2011 and 2015, a period when the United States was obtaining information on how Huawei might have been doing business in Iran in violation of U.S. sanctions.

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CBS sees ad prices rising for the fall season






(Reuters) - CBS Corp sees advertising prices rising for its slate of TV shows in the upcoming fall programming season, executives said, as the TV broadcaster and media company on Thursday reported first-quarter revenue falling short of analysts’ estimates from weaker content licensing and distribution sales.

Revenue from its content licensing and distribution segment fell 3.2 percent to $963 million in the quarter, sending its shares down more than 1 percent to $49.70 in after-market trading.

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Wall St. slips as energy drops, investors digest Fed comments






NEW YORK (Reuters) - U.S. stocks eased further from recent record highs on Thursday as energy shares dropped along with oil prices and investors continued to digest comments by Federal Reserve Chairman Jerome Powell.

The energy index was down the most among the major S&P sectors, falling 1.71% and extending its recent slide. U.S. oil prices slid more than 2 percent on fears of oversupply.

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Bombardier to shed Belfast factory in revamp, shares slide on forecast fears






MONTREAL/BELFAST (Reuters) - Bombardier put its Belfast wing-making factory on the block as part of a wider shake-up, while the plane and train maker’s reluctance to say it would meet 2020 goals sent shares lower.

The Canadian company said on Thursday it would unite its corporate and regional jet units, while selling off two aerostructures operations, including the Belfast plant, the largest high-tech manufacturer in Northern Ireland.

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Caterpillar gives details on services push, hikes dividend






CLAYTON, N.C. (Reuters) - Caterpillar Inc on Thursday provided investors with details on its push to grow its services business while also laying out dividend increases and more consistent share repurchases in the coming years.

The heavy machinery maker is looking to smooth volatility in its earnings by selling more parts and services, and said it intends to grow services revenue to $28 billion by 2026, up from $18 billion in 2018 and double what it was in 2016.

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Health officials quarantine a cruise ship in St. Lucia after confirming a case of measles






Health officials in St. Lucia quarantined a cruise ship that appears to be operated by the Church of Scientology after confirming a female crew member has the measles.

TheFreewinds cruise ship is currently docked on the Caribbean island, St. Lucia Coast Guard Sgt. Victor Theodore told CNBC. The Church of Scientology, which owns a ship called Freewinds, didnt return requests for comment.

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Cramer Remix: Own Apple, don’t trade it — The stock could have more upside






Apple rallied nearly 5% on Wednesday, but CNBCs Jim Cramer said there could soon be even more upside.

Thats why I always say own it, dont trade it, theMad Money host said.With this quarter, we got yet another reason to stick with Apple, and even after todays terrific run, I think it will turn out to be a real bargain because of its embrace of the subscription economy.

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Cramer: Beyond Meat priced its IPO at $25 a share — buy in below $35 after its debut






Beyond Meat, the food company behind the meatless Beyond Burger, is set to debut on the public market this week. CNBCs Jim Cramer said Wednesday the stock is worth buying — at or below $35 per share.

The plant-based meat maker priced its shares at $25, at the top end of its stated range of $23 to $25. The stock could surge to $30 once it starts trading, and investors should be cautious if it climbs above $35, he said.

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AMD CEO: With new products launching, 2019 is a ‘growth year’






Advanced Micro Devices has new products in the pipeline, setting 2019 up to be abig year for the company, CEO Lisa Su told CNBC Wednesday.

We view it as a significant product cycle, and as we go three to five years forward, we have a lot of things in the hopper, she said in a one-on-one interview withMad Moneys Jim Cramer.Were working on many, many products.

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