Wall Street's main indexes climbed on Tuesday on growing signs that U.S. lawmakers were making headway in their talks over stimulus to support an economic recovery from the impact of the COVID-19 pandemic.
The US Department of Justice and 11 states filed their long-awaited competition lawsuit against Google on Tuesday (Oct 20).
The U.S. Justice Department filed an antitrust lawsuit against Alphabet Inc's Google on Tuesday, accusing the US$1 trillion company of illegally using its market power to fend off rivals and said nothing was off the table, including a breakup of the internet search and advertising company.
Alphabet Inc's Google said the U.S. Justice Department's antitrust lawsuit against the company was "deeply flawed" and that users would find it more difficult to access superior search tools and affordable smartphones if the government wins its case.
Volkswagen Group is hosting preliminary talks with potential bidders for its Ducati brand to gauge potential interest in the motorcycle maker ahead of a November planning round, three people familiar with the matter told Reuters.
Wall Street expects U.S. automakers to report strong results for the third quarter, as a recovery in sales after this year's initial coronavirus lockdowns tightens inventory for an industry watching cases in Europe and the United States rise.
Tesla will this month begin exporting cars to Europe that are made at its new factory in Shanghai, the fast-growing US electric carmaker has announced.
Qualcomm Inc on Tuesday said it will produce chips for 5G telecommunications networking gear, marking the first entry by a major American technology company into a market dominated by European and Chinese firms.
Nokia on Tuesday sought to enforce an injunction against Lenovo, the world's biggest PC maker, to block sales of its products in Germany after violation of a video encoding patent.
Intel Corp's US$9 billion sale of its NAND memory chip unit will help the U.S. chip giant focus on its core business in higher-margin processors, Wall Street analysts said on Tuesday, after its deal with South Korea's SK Hynix Inc .
