EU trims economic growth forecasts amid trade tensions. US, Chinese trade envoys in 1st contact after Trump-Xi truce. Asian shares mostly higher ahead of Fed chief testimony.
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Wednesday, July 10th

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EU trims economic growth forecasts amid trade tensions
Politics

EU trims economic growth forecasts amid trade tensions

The European Union said Wednesday it has trimmed its forecasts for economic growth next year as global trade tensions weigh on the bloc's export-focused manufacturers. The EU executive commission reduced its forecast for next year for both the 19-country eurozone and the 27 countries ...

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US, Chinese trade envoys in 1st contact after Trump-Xi truce
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US, Chinese trade envoys in 1st contact after Trump-Xi truce

The top U.S. and Chinese trade envoys have spoken by phone in their first known contact since Presidents Donald Trump and Xi Jinping agreed to resume stalled talks on ending a tariff war. Beijing's envoy, Vice Premier Liu He, talked Tuesday with Trade Representative Robert Lighthizer ...

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Peter Mancuso, Robert Arciero
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Asian shares mostly higher ahead of Fed chief testimony

Asian shares were mostly higher Wednesday in cautious trading ahead of closely watched congressional testimony by the U.S. Federal Reserve chairman. Japan's benchmark Nikkei 225 edged down nearly 0.2% in morning trading to 21,529.38. Australia's S&P/ASX 200 added 0.5% to 6,700.10....

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Fresh from the lab: Startups make meat that avoids slaughter
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Fresh from the lab: Startups make meat that avoids slaughter

Uma Valeti slices into a pan-fried chicken cutlet in the kitchen of his startup, Memphis Meats. He sniffs the tender morsel on his fork before taking a bite. He chews slowly, absorbing the taste. "Our chicken is chicken ... you've got to taste it to believe it," Valeti says. ...

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H. Ross Perot rose from poverty to self-made billionaire
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H. Ross Perot rose from poverty to self-made billionaire

H. Ross Perot rose from a childhood of Depression-era poverty to become a self-made billionaire who twice ran for president with a mixture of folksy sayings and simple solutions to America's problems. His 19% of the vote in 1992 stands among the best showings by an independent candidate in the last ...

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Mexico's treasury secretary resigns, cites interference
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Mexico's treasury secretary resigns, cites interference

Mexico's treasury secretary resigned Tuesday, complaining of the appointment of unqualified officials by "influential people in the current administration who have clear conflicts of interest." Carlos Urzua, a longtime ally of President Andrés Manuel López Obrador, did not specify who...

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ROSS PEROT
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Colorful self-made billionaire H. Ross Perot dies at 89

H. Ross Perot, the colorful, self-made Texas billionaire who rose from a childhood of Depression-era poverty and twice mounted outsider campaigns for president, has died. He was 89. The cause of death was leukemia, a family spokesman said Tuesday. Perot, whose 19% of th...

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EU fines Hello Kitty owner $7 million in antitrust ruling
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EU fines Hello Kitty owner $7 million in antitrust ruling

European Union authorities on Tuesday fined the Japanese company behind Hello Kitty for restricting cross-border online sales of toys, mugs, bags and other products featuring the cartoon cat girl. The EU's antitrust commissioner, Margrethe Vestager, said that Sanrio Co. was fined 6.2 ...

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LEBLANC PERRY KUDROW ARQUETTE ANNISTON SCHWIMMER
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AT&T pulls 'Friends' from Netflix for its streaming service

AT&T is pulling "Friends" from Netflix to beef up its own upcoming streaming service. With new services launching, popular shows are splintering onto several different platforms. The wireless company, which owns the WarnerMedia entertainment business, also said Tuesday that its se...

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Uber offers riders more legroom, less chatting at a price
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Uber offers riders more legroom, less chatting at a price

Uber passengers can now get a more spacious ride and a less talkative driver — if they're willing to shell out a few extra dollars. The ride-hailing giant launched "comfort" rides in dozens of cities Tuesday. Riders are guaranteed 36 inches of legroom in "newer" cars — meaning those t...

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UK plan to control online porn is watched as test case
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UK plan to control online porn is watched as test case

The global push to more tightly regulate the internet and big tech firms is spreading to one of the web's biggest and least visible corners: porn. The British government wants to require porn websites to verify their users are adults. The effort is being watched by other countries hop...

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From Nazis to hippies: End of the road for Volkswagen Beetle
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From Nazis to hippies: End of the road for Volkswagen Beetle

Volkswagen is halting production of the last version of its Beetle model this week at its plant in Puebla, Mexico. It's the end of the road for a vehicle that has symbolized many things over a history spanning eight decades since 1938. It has been: a part of Germany's darkest hours as...

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Donald Trump
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California air boss: open to compromise in mileage standoff

California's air pollution control boss says she's open to compromise with the Trump administration over its efforts to relax mileage standards, as the bitter standoff threatens to unleash years of court fights and confusion in the U.S. auto industry. Five months after President Donal...

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The Early Bird Stock Of The Day

Activision Blizzard, Inc.

Activision Blizzard, Inc. develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc.; Blizzard Entertainment, Inc.; and King Digital Entertainment. It develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content. The company also maintains a proprietary online gaming service, Battle.net that facilitates the creation of user generated content, digital distribution, and online social connectivity in its games; and develops and publishes interactive entertainment content and services primarily on mobile platforms, such as Android and iOS, as well as distributes its content and services on the PC platform primarily through Facebook. In addition, it engages in creating original film and television content; and provides warehousing, logistics, and sales distribution services to third-party publishers of interactive entertainment software, as well as manufacturers of interactive entertainment hardware products. The company's products include various genres, including first-person shooter, action/adventure, role-playing, strategy, and others. It serves retailers and distributors, including mass-market retailers, first party digital storefronts, consumer electronics stores, discount warehouses, and game specialty stores through third-party distribution and licensing arrangements in the United States, Australia, Brazil, Canada, China, France, Germany, Ireland, Italy, Japan, Malta, Mexico, the Netherlands, Romania, Singapore, South Korea, Spain, Sweden, Taiwan, and the United Kingdom. The company was incorporated in 1979 and is headquartered in Santa Monica, California.

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