By Jonathan Stempel (Reuters) – Berkshire Hathaway Inc on Saturday announced a $9.8 billion writedown and 10,000 job losses at its Precision Castparts aircraft and industrial parts business, as the coronavirus pandemic caused...
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Huawei to stop making flagship chipsets as U.S. pressure bites, Chinese media say
SHANGHAI/SHENZHEN, China (Reuters) – Huawei Technologies Co [HWT.UL] will stop making its flagship Kirin chipsets next month, financial magazine Caixin said on Saturday, as the impact of U.S. pressure on the Chinese tech giant...
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Nokia’s new CEO working on setting strategy in ‘dream job’
By Supantha Mukherjee and Anne Kauranen STOCKHOLM/HELSINKI (Reuters) – Nokia’s new chief executive Pekka Lundmark said he will take time to re-acquaint himself with the Finnish telecom equipment maker as he works toward...
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Chinese EV maker Xpeng files for U.S. listing after rival surges
BEIJING (Reuters) – Chinese electric vehicle (EV) maker Xpeng Inc, backed by Alibaba <BABA.N> and Xiaomi Corp <1810.HK>, has filed to list its shares in New York, seeking to ride enthusiasm for EVs even as U.S.-China...
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Wall Street Week Ahead: Bargain-hunters look to U.S. real estate stocks as S&P nears records
By David Randall NEW YORK (Reuters) – As the S&P 500 approaches fresh highs, some investors hope to pick up bargains in the battered U.S. real estate sector, where values of some major stocks have been cut in half this year....
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Slowing job growth, stimulus worries weigh on Nasdaq
By Chuck Mikolajczak and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The Nasdaq closed lower on Friday, as data showed a sharp slowdown in U.S. employment growth and investors worried lawmakers would fail to agree on another...
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