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GLOBAL MARKETS LIVE: Big news in the telecom sector

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02/11/2020 | 09:14am EDT

It’s a busy day today, between corporate earnings and rumors. In US telecoms, the T-Mobile US / Sprint merger has received the green light, General Motors is closing a factory due to the coronavirus and Morgan Stanley invests in Uber.

Earnings season. Dominion Energy, Air Liquide, Daimler, Hilton, Delivery Hero, Hasbro, Ocado and Randstad are among companies reporting their earnings today.

Update. Deutsche Bank has approached Microsoft, Google and Amazon to modernize its technology networks, sources close to the case told Reuters.

Virus impact. General Motors plans to suspend production at one of its plants in South Korea on February 17 and 18, as the fallout from the coronavirus epidemic in China has led to a shortage of spare parts, the automaker said.

Thank you, Disney. Hasbro jumped by 9 % after announcing a better than expected profit for the fourth quarter, thanks to cost reductions and the success of the "Star Wars" and "Frozen" licenses.

Disappointing results. Under Armour said it expects a decline in its annual sales, due to the coronavirus epidemic in China. The share of the sports equipment manufacturer fell by more than 14 %

The outcome is nearing. The American justice system could authorize the merger between T-Mobile US and Sprint as of today, according to several press reports. This would be a major victory for the two big companies, as attorneys general in many states are seeking to prohibit the merger, amid fears of reduced competition. The deal would reduce the number of major players in the US from 4 to 3.

Trump still at the helm? Amazon.com wants Donald Trump to testify in the dispute over his eviction from the big Pentagon contract. The group believes that its subsidiary AWS was pushed out under pressure from the American President, whose enmity for Jeff Bezos is notorious (the reciprocal is true).

In other news. The Slack share rose by 15.6% yesterday, after Business Insider mentioned a big contract with International Business Machines. William Hill signs a deal with ViacomCBS to find new prospects. Avis Budget appoints former Kraft Heinz boss Bernardo Hees as president. Infosys offers Simplus. Morgan Stanley invests more than 6 million Uber shares. Daimler proposes a dividend at the lower end of the expected range and estimates that its 2020 results will be significantly higher than those of 2019.

Stocks mentioned in the article
ChangeLast1st jan.
AIR LIQUIDE 3.60% 116.65 Real-time Quote.-7.57%
AMAZON.COM, INC. -0.72% 1949.72 Delayed Quote.5.51%
AVIS BUDGET GROUP, INC. 3.27% 13.9 Delayed Quote.-56.89%
DAIMLER AG 1.16% 27.52 Delayed Quote.-44.26%
DELIVERY HERO SE 1.89% 67.96 Delayed Quote.-3.68%
DEUTSCHE BANK AG 2.49% 5.969 Delayed Quote.-13.71%
DOMINION ENERGY, INC. -6.01% 72.19 Delayed Quote.-12.84%
GENERAL MOTORS COMPANY -2.53% 20.78 Delayed Quote.-43.22%
HASBRO, INC. 0.10% 71.55 Delayed Quote.-32.25%
HILTON WORLDWIDE HOLDINGS INC. -0.64% 68.24 Delayed Quote.-38.47%
MICROSOFT CORPORATION -1.57% 157.71 Delayed Quote.0.01%
MORGAN STANLEY -2.41% 34 Delayed Quote.-33.49%
OCADO GROUP PLC -1.00% 1231.5 Delayed Quote.-4.61%
RANDSTAD N.V. 3.51% 32.17 Delayed Quote.-40.91%
SLACK TECHNOLOGIES, INC. -4.86% 26.84 Delayed Quote.19.40%
SPRINT CORPORATION 2.13% 8.62 Delayed Quote.65.45%
T-MOBILE US 0.94% 83.9 Delayed Quote.6.99%
THE KRAFT HEINZ COMPANY -1.71% 24.74 Delayed Quote.-23.00%
UNDER ARMOUR, INC. -3.76% 9.21 Delayed Quote.-57.36%
VIACOMCBS INC. -0.53% 14.01 Delayed Quote.-66.62%
WILLIAM HILL 8.64% 68.14 Delayed Quote.-63.84%

Romain Fournier
© MarketScreener.com 2020
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